FEDERAL MINISTRY OF FINANCE, BUDGET AND NATIONAL PLANNING. Press and Public Relations Unit PRESS RELEASE THE FG, STATES AND LGCs SHARE N802.407 BILLION FOR THE MONTH OF JUNE, 2022. The Federation Account Allocation Committee (FAAC), at its Meeting shared a total sum of N802.407 billion to the three tiers of government, as federation allocation for the month of June, 2022. From this stated amount, inclusive of Gross Statutory Revenue and Value Added Tax (VAT), the Federal Government received N321.859 billion, the States received N245.418 billion, the Local Government Councils got N182.330 billion, while the Oil producing states received N52.799 billion as derivation, (13% of Mineral Revenue). The communiqué issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for June 2022 was N193.827 billion. The distribution is as follows; Federal Government got N29.074 billion, the...