At the meeting, chaired by the new Accountant General of the Federation, Dr Oluwatoyin Madein, the Federal Government received N301.89 billion, the states N265.88 billion and the local governments N195.54 billion.
It added: “For the month of May 2023, the gross revenue available from the Value Added Tax was N270.2 billion. This was higher than the N217.74 billion available in the month of April 2023 by N52.45 billion.
“The Federal Government received N37.74 billion, the State Governments received N125.80 billion and the Local Government Councils received N88.06 billion from the N251.61 billion distributable Value Added Tax revenue.
“The N14.37 billion Electronic Money Transfer Levy was shared as follows: the Federal Government received N2.16 billion, the State Governments received N7.189 billion and the Local Government Councils received N5.03 billion.
“From the N0.64 billion Exchange Difference revenue, the Federal Government received N0.31 billion, the State Governments received N0.16 billion, the Local Government Councils received N0.12 billion and the sum of N0.06 billion was shared to the relevant States as 13 per cent mineral revenue.”
The committee further stated that from the N519.55 billion distributable statutory revenue available for the month, the Federal Government got N261.69 billion; the State Governments N132.73 billion; and the Local Government Councils, N102.33 billion.
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This article was originally posted at sweetcrudereports.com
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