FAAC Table: The Sharing of N496bn to FG, States, LGCs in April 2017

The Federation Account Allocation Committee (FAAC) shared a total sum of N496bn at its monthly meeting held in April 2017.

In a document obtained by the Economic Confidential, the economic intelligence magazine, the federal Government received N127.9bn while the 36 States and FCT got N96bn and 774 Local Government shared N116bn.

Other recipients/beneficiaries of the allocation include Nigeria Customs Service (NCS) N3.8bn, Federal Inland Revenue Service (FIRS) N5bn and FIRS Refund N6.2bn; Department of Petroleum Resources N3.6bn. The sum of N22bn was transferred to Excess Crude Account, while N35bn was for 13% Derivation Fund. The table of all the disbursements in the link, downloadable PDF below: FAAC Allocations April 2017.

[pdf-embedder url=”//economicconfidential.com/wp-content/uploads/2017/08/FAACApril2017.pdf” title=”FAAC April 2017″]

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)