FAAC Distributes N1.66tr Revenue
By Oluwakemi Kindness The Federation Account Allocation Committee (FAAC), has shared a total sum of N1.659 trillion to the Federal Government, States and the Local Government Councils. The N1.659 trillion being revenue for May 2025 was shared at the June 2025 FAAC meeting held in Abuja. The sum comprised statutory revenue of N863.895 billion, Value Added Tax (VAT) revenue of N691.714 billion, Electronic Money Transfer Levy (EMTL) revenue of N27.667 […]