Shortly after the Federation Accounts Allocation Committee (FAAC) meeting on Thursday, the Minister of State for Finance, Dr Yerima Ngama, disclosed that a total of N715.8 billion was shared among the three tiers of government for July.
“The total revenue distributed for July, including Value Added Tax (VAT), is N715. 845billion.
“The distributable statutory revenue was N483.482 billion which was below what was budgeted for the month by N111.282 billion.
“It was, however, less than what was…
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