FG, States, LGAs share N629.128bn

vanguardngr.com The Federation Account Allocation Committee, FAAC yesterday shared the sum of N629.128 billion among the three tiers of government for the month of January. Out of the amount shared, N439.562 billion came mineral resources, while N101.308 billion came from non-mineral revenue source including N82.277 billion from Value Added Tax, VAT.

The sum of N7.617 billion refunded by NNPC was also distributed. In addition, the sum of N35.549 billion was proposed for distribution under SURE-P Programme.