The total deductions for cost of collection was N54.4 billion and the total deductions for transfers, savings and refunds was N289 billion, FAAC said.
The Federation Account Allocation Committee has shared N903.4 billion September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils.
The communiqué confirmed that from the total distributable revenue of N903.480 billion; the Federal Government received N320.543 billion, the State Governments received N287.071 billion and the Local Government Councils received N210.900 billion.The Federation Account Allocation Committee has shared a total sum of N903.480 billion September 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils.
Gross statutory revenue of N 1014.953 billion was received for the month of September 2023. This was higher than the N891.934 billion received in the month of August 2023 by N123.019 billion.The gross revenue available from the Value Added Tax was N303.550 billion. This was lower than the N345.727 billion available in the month of August 2023 by N42.177 billion.