FG, states, LGs shared N696.9bn in August –FAAC

The Federation Accounts Allocation Committee (FAAC) has shared a total of N696.965bn as federation allocation for the month of August.
A Deputy Director of Information at the Office of Accountant General of the Federation, Oshundun Olajide said FAAC held a virtual conference where it shared the sum to the three tiers of government.
This comes as the nation records a significant increase in the collection of Value Added Tax (VAT) and import duty, amid the lingering controversy over whose responsibility it is to collect VAT.