{"id":92571,"date":"2023-07-21T12:27:20","date_gmt":"2023-07-21T11:27:20","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/faac-shares-n907bn-to-federal-state-local-governments"},"modified":"2023-07-21T13:28:06","modified_gmt":"2023-07-21T12:28:06","slug":"faac-shares-n907bn-to-federal-state-local-governments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments","title":{"rendered":"FAAC shares N907bn to federal, state, local governments"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Federation Account Allocation Committee, FAAC, has shared N907.054 billion as June revenue to federal, state and local government councils.<\/p>\n<p>The amount represented an increment from N714.629 billion shared in May.<\/p>\n<p>Director of the Press Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this on Thursday after FAAC\u2019s meeting chaired by the Accountant General of the Federation, Oluwatoyin Madein.<\/p>\n<p>According to him, the outstanding balance of the Excess Crude Account as of June stood at $473,754.57.<\/p>\n<p>Mokwa explained that the amount comprised statutory revenue of N301.501 billion, Value Added Tax revenue of N273.225 billion, Electric Money Transfer Levy of N11.436 billion and Exchange Difference revenue of N320.892 billion, respectively.<\/p>\n<p>He added that the Federal Government received N345.564 billion, State Governments received N295.948 billion, and Local Government Councils received N218 billion.<\/p>\n<p>\u201cGross statutory revenue of N1,152.921 billion was received for June 2023. It was higher than N701.787 billion received in the previous month by N451.134 billion,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Federation Account Allocation Committee, FAAC, has shared N907.054 billion as June revenue to federal, state and local government councils. The amount represented an increment from N714.629 billion shared in May. Director of the Press Office of the Accountant General of the Federation, Bawa Mokwa, disclosed this on Thursday after FAAC\u2019s meeting [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":92570,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,1006,254],"class_list":["post-92571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-faac","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FAAC shares N907bn to federal, state, local governments - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federation Account Allocation Committee, FAAC, has shared N907.054 billion as June revenue to federal, state and loc ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAAC shares N907bn to federal, state, local governments\" \/>\n<meta property=\"og:description\" content=\"The Federation Account Allocation Committee, FAAC, has shared N907.054 billion as June revenue to federal, state and loc ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-21T11:27:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-21T12:28:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1689926168.230965.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FAAC shares N907bn to federal, state, local governments\",\"datePublished\":\"2023-07-21T11:27:20+00:00\",\"dateModified\":\"2023-07-21T12:28:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1689926168.230965.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"FAAC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/faac-shares-n907bn-to-federal-state-local-governments\",\"name\":\"FAAC shares N907bn to federal, state, local governments - 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