The federal government and the other two tiers of government have shared the sum of N647. 390 billion.
The sum represented federation revenue and proceeds pf the Value Added Tax for the month of February.
The funds were shared by the Federation Accounts Allocation Committee (FAAC) at the end of its meeting in Abuja, this morning.
It followed days of angling over receipts into the Federation Account, which the state Commissioners of Finance initially rejected and insisted that the Nigerian National Petroleum Corporation (NNPC) must pay more oil revenue into the account.For publication of your news content, articles, videos or any other news worthy materials, please send to email@example.com or firstname.lastname@example.org . For more enquiry, please call +234-903-332-9775 or whatsapp +234-803-792-3602. To place advert, please call 08037923602.