Federal, states and local governments jointly got a total of N679.699 billion from the federation account for the month to May 2019. Similarly, import duty and value-added tax (VAT), recorded marginal increases. The distributable Statutory Revenue for the month is N571.731 The total revenue distributable for the current month (including VAT and Exchange Gain Difference) is N679.699 billion. From the net statutory revenue, Federal Government received N284.163 billion representing 52.68%; states received N187.605 billion representing 26.72%; local government councils received N140.997 billion representing 20.60%; while the Oil Producing States received N40.436 billion also representing 13% derivation revenue. Breakdown of the distribution showed Federal Government received N15.383 billion representing 15%; states received N51.277 billion representing 50% while the local government councils received N35.894 billion also representing 35%.

Source: Nigerian Tribune June 27, 2019 20:15 UTC