FAAC: FG, States, LGs share N616.19 billion for April - Premium Times Nigeria

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FAAC: FG, States, LGs share N616.19 billion for April

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The Accountant-General of the Federation , Ahmed Idris, on Tuesday said the federal government shared N616.19 billion as revenue generated in April to the three tiers of government.Mr Idris, represented by the Director of Funds, Office of the AGF, Mohammed Usman, said this at a news conference at the end of the monthly Federation Accounts Allocation Committee meeting in Abuja.

In addition, he said the non-mineral revenue increased by N15.46 billion, that is from N138.2 billion in March to N153.66 billion in April. “Revenues from Petroleum Profit Tax , import duty and Companies Income Tax recorded significant increases while Oil Royalty and Export duty decreased substantially.

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