FAAC disburses N906.9bn October revenue to FG, states, LGs

The Federation Account Allocation Committee (FAAC) has disbursed N906.9 billion October 2023 Federation Account Revenue to the Federal Government, States, and Local Government Councils.

This was contained in a communiqué issued at the end of the FAAC meeting for November 2023, according to a statement by its Director, Press and Public Relations at the Ministry of Finance, Stephen Kilebi on Wednesday.

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“From the N906.955 billion total distributable revenue, the Federal Government received a total of N323.355 billion, the State Governments received N307.717 billion and the Local Government Councils received N225.209 billion,” the communique read.