The communiqué said the N1.45tn total distributable revenue comprised distributable statutory revenue of N463.1bn, distributable Value Added Tax revenue of N391.8bn, Electronic Money Transfer Levy revenue of N15.9bn and exchange difference revenue of N279.03bn. It added that a total revenue of N2.07trn was available in the month of January 2024 while N200bn was kept as savings. The communiqué further stated that from the N1.15tn total distributable revenue, the Federal Government received a total of N407.267bn, state governments received N379.407bn while LGs received N278.041bn. “From the N1,149tntotal distributable revenue, the Federal Government received a total of N407.267bn, the state governments received N379.407bn and the LGs received N278.041bn. “A total sum of N85.101bn (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

Source: Punch February 23, 2024 02:09 UTC