FG, States, LGs Share N699.824bn As VAT Revenue Grows By N5bn

File photo.

 

The Federation Accounts Allocation Committee (FAAC) has shared a total of N699.824 Billion to the Federal Government, states, and local government areas.

The amount is the allocation for December 2021.

This was contained in a communique issued at the end of a virtual meeting of FAAC for January 2022, said Henshaw Ogubike, a spokesman for the office of the Accountant-General of…

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