Over N7tn Accrues Into Federation Account In Six Months- RMAFC

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disclosed that the total sum of N7.31tn has accrued into the Federation Account for the period July to December 2023.

This js captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) under the caption “CBN Federation Account Component Statement”.

This amount is higher than the sum of N5.244tn realised in the first half of the year 2023.

In a press statement signed by the RMAFC Chairman, Mr. Mohammed Bello Shehu, and made available to THE WHISTLER in Abuja, the Commission reported on the total revenue that accrued into the Federation Account from July to December 2023.