Video: FG, States, LGs share N473.832Billion from Federation Account for October

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The three tiers of government in Nigeria comprising the  Federal, States And Local Governments  have shared the sum of N473.832 Billion Revenue for the month of October.

Nigeria’s Finance Minister, Kemi Adeosun disclosed this when she briefed newsmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja  Friday‎.

She said that the amount comprises the month’s statutory revenue of N400.310 billion, and N6.330 billion refunded by Nigerian National Petroleum Corporation (NNPC).

Also, there is the exchange gain of N6.995 billion which was proposed for distribution

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