FAAC shares N680.783bn May revenue to FG, states, LGs

Despite record FAAC windfalls, states sink deeper into debt, poverty worsens

The Federation Account Allocation Committee (FAAC) has shared a total of N680.783 billion being May 2022 revenue to the federal, the 36 states and 774 local government areas of the country. This was contained in a communiqué issued at the end of the FAAC meeting for June 2022, in Abuja. The N

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```