Federation Account Allocation Committee (FAAC) April 2017 Disbursement
The Federation Account Allocation Committee (FAAC) disbursed the sum of N496.39bn to the three tiers of government in April 2017 from the revenue generated in March 2017.
The amount disbursed comprised of N322.19bn from the Statutory Account; N66.97bn from exchange gain; N22.59bn from Excess Petroleum Product Tax (PPT) Account; N78.65bn from Valued Added Tax (VAT) while the sum of N6.33bn was refunded to the Federal Government from the Nigerian National Petroleum Corporation (NNPC).
Data source: National Bureau of Statistics / Office of The Accountant General of The Federation
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National Bureau of Statistics.
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