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.
