The Federation Account Allocation Committee (FAAC) disbursed the sum of N462.36bn to the three tiers of government in June 2017 from the revenue generated in May 2017.

The amount disbursed comprised of N317.56bn from the Statutory Account; N64.81bn from exchange gain; N79.99bn from Valued Added Tax (VAT). No allocation was refunded to the Federal Government from the Nigerian National Petroleum Corporation (NNPC) and no amount was also shared from the Excess Petroleum Product Tax (PPT) Account.

Date source: National Bureau of Statistics / Office of The Accountant General of The Federation

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