The FAAC noted a revenue decline compared to July, with gross statutory revenue dropping by ₦165.99 billion and VAT revenue decreasing by ₦51.99 billion. The Federal Accounts Allocation Committee (FAAC) has distributed ₦1.2 trillion in revenue to the Federal Government, state governments, and Local Government councils for August 2024. This represents an 11% decrease from the ₦1.358 trillion shared in July. According to a statement released by Bawa Mokwa, Director of Press and Public Relations at the Office of the Accountant-General of the Federation, the distribution was announced at the Septe…