The Federation Account Allocation Committee (FAAC) disbursed the sum of N418.82bn to the three tiers of government in May 2017 from the revenue generated in April 2017.
The amount disbursed comprised of N275.20bn from the Statutory Account; N38.52bn from exchange gain; N20.42bn from Excess Petroleum Product Tax (PPT) Account; N84.67bn from Valued Added Tax (VAT) while no allocation was refunded to the Federal Government from the Nigerian National Petroleum Corporation (NNPC).

Data source: National Bureau of Statistics

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