FG, States, LGAs get N673.137 allocation for August

The Federation Account Allocation Committee, has revealed that N673.137 billion was shared among the three tiers of government as federation allocation for August.

This is contained in a statement issued by the Director Information and Press, Mr Phil Abiamuwe-Mowete.

The statement revealed that the Federal Government received the larger share of N259.641 billion, the states received N222.949 billion, and the Local Government Councils received N164.247 billion.

It added that the N673.137 billion was inclusive of Gross Statutory Revenue, Value Added Tax, and an augmentation of Non Oil Excess Revenue.

Punch/Hauwa Abu