FAAC distributes N1.424 trillion to FG, states, and LGs in December 2024
The allocation was derived from a gross revenue of N2.310 trillion.
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The allocation was derived from a gross revenue of N2.310 trillion.
![Aerial view of Nigeria's ministry of Finance. [PHOTO CREDIT: Official Facebook handle of the Ministry | https://web.facebook.com/photo/?fbid=220834900082917&set=a.220834876749586]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2024/02/Nigerias-Ministry-of-Finance.jpg?fit=2048%2C1152&ssl=1)
According to the communique, the N1.358 trillion total distributable fund comprised statutory revenue of N161.593 billion.
![Nigerian finance Minister, Zainab Ahmed [PHOTO: Pulse.ng]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2020/04/Zainab-Ahmed22-e1596550179976.jpg?fit=800%2C420&ssl=1)
The gross revenue available from the Value Added Tax (VAT) was N132.619 billion.