The three tiers of government, consisting federal and states and Local government councils shared a about N769.523 billion as revenue allocation for July this year.
Details of the allocation announced by the committee showed the balance in the Excess Crude Account stood about $274.407 million. The oil producing states received N42.917 billion as 13 per cent derivation revenue and the Revenue Generating Agencies received N92.857 billion as cost of revenue collection.
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