Learn more

The Federation Account Allocation Committee said it disbursed N1.358.075 trillion to the three tiers of Government in Nigeria as July allocation. The was contained in a statement by the Director of Information and Public Relations, Ministry of Finance, Mohammed Manga on Friday. The disbursed N1.358.075 stems from the total gross N2,613.791 trillion revenue generated in July 2024. In the period under review, the distributable allocation comes from Statutory Revenue of N161.593 billion, Value Added Tax revenue of N528.307 billion, N18.818 billion from Electronic Money Transfer Levy (EMTL), N581….

cuu