Three Tiers Of Government Share N700 Billion For The Month Of Sept 2020

The three tiers of government have shared revenue totaling N700.23 billion as their allocation from the federation account for the month of September 2022.

The revenue is far higher than N673.13 billion they shared for the month of August.

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The figure was contained in a communique issued at the end of the monthly meeting of the federation account allocation in Abuja.

Federal Government got N262.6 billion, 36 state governments (N217.1 billion), 774 local governments (N160.4 billion), while N69.9 billion was allocated as 13 per cent derivation.

The fund in the excess crude oil account was put at N472,516 as at October 26.