The Federation Account Allocation Committee (FAAC) has shared ₦990.189 billion to the three tiers of government for December 2022.
Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of Finance, Budget and National Planning, gave the details on Tuesday.
The Federal Government received ₦375.306billion, States and the FCT received ₦299.557billion, while the 774 Local Government Councils got ₦221.807billion.
The ₦990.189billion received by the Federal Government comprised Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL).
However, oil-producing states received ₦93.519 billion as 13 per cent of mineral derivation revenue.
The FAAC breakdown indicates Gross Revenue available from VAT for December 2022 was ₦250.512billion.
₦7.215billion was allocated to the Northeast Development Commission Project, while the Federal Inland Revenue Service and the Nigeria Customs Service got ₦10.020billion as Cost of Collection.
Also from the VAT, the Federal Government got ₦34.992billion, States and FCT got ₦116.639billion, while LGC got ₦81.647billion.
Phil Abiamuwe-Mowete said Gross Statutory Revenue of ₦1136.183billion was received for the month of December 2022.
₦31.531billion was released as Cost of Collection and ₦396.896billion released to Transfers, Savings and Refunds.
“From the balance of ₦707.756 billion, ₦325.105 billion was allocated to the Federal Government; ₦165.897 billion was allocated to states, while local councils got ₦127.129 billion.
“Oil Derivation (13 per cent Mineral Revenue) for oil-producing states got ₦90.625 billion”, the communique stated.