FAAC: FG, States, LGs share N616.19 billion for April

The Accountant-General of the Federation (AGF), Ahmed Idris, on Tuesday said the federal government shared N616.19 billion as revenue generated in April to the three tiers of government.

The amount showed a decrease of about N1.37 billion from what was shared in March.

Idris, represented by the Director of Funds, Office of the AGF, Mohammed Usman, said this at a news conference at the end of the monthly Federation Accounts Allocation Committee (FAAC) meeting in Abuja.

Idris said the federal government received N239.65 billion, States got N121.55 billion and local governments received N93.71 billion.

he said as at May 21, the money left in the Excess Crude Account (ECA) was $144 million.  (NAN)

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