FAAC Table: The Sharing of N652bn to FG, States, LGCs in July 2017

The Federation Account Allocation Committee (FAAC) shared a total sum of N652bn at its monthly meeting held in July 2017.

In a document obtained by the Economic Confidential, the economic intelligence magazine, the federal Government received N286bn while the 36 States and FCT got N178bn and 774 Local Government shared N134bn.

Other recipients/beneficiaries of the allocation include Nigeria Customs Service (NCS) N3.7bn, Federal Inland Revenue Service (FIRS) N14bn (and additional N2bn special refund to FIRS), Department of Petroleum Resources N1.7bn. The sum of N29bn was for 13% Derivation Fund. The table of all the disbursement in the link, downloadable PDF below: FAAC Allocation July 2017 

[pdf-embedder url=”//economicconfidential.com/wp-content/uploads/2017/08/FAACjune2017.pdf”]

NOTE: Since January 2007, the Economic Confidential, the authoritative, factual and accessible magazine has consistently published the monthly disbursements of revenues to the tiers of governments in Nigeria after the monthly technical and general meetings of the Federation Account Allocation Committee (FAAC)