July 21, 2024
FG, States, LGs Share N1.1tn May Revenue
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FG, States, LGs Share N1.1tn May Revenue

A total sum of N1,143.210 trillion May 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. This was disclosed in a communiqué issued at the end of its latest meeting by the Director, Press and Public Relations, Office of the Accountant General of the Federation, Bawa Mokwa, on Monday.

According to Mokwa, the communiqué revealed that the N1,143.210 trillion total distributable revenue comprised distributable statutory revenue of N 157.183 billion, distributable Value Added Tax (VAT) revenue of N463.425 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.146 billion and Exchange Difference revenue of N507.456 billion.

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The statement disclosed that total revenue of N2,324.792 billion was available in the month of May 2024.  Total deduction for cost of collection was N76.647 billion while total transfers, interventions and refunds was N1,104.935 billion.

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