×

Govt to share N613 billion for March allocation

The federal, state and local government areas are to share the sum of N613 billion for the month of March. Briefing journalists after the Federation … Continue reading Govt to share N613 billion for March allocation


The federal, state and local government areas are to share the sum of N613 billion for the month of March.

Briefing journalists after the Federation Account Allocation Committee (FAAC) meeting in Abuja on Friday, the Minister of state for Finance, Dr Yerima Ngama says that the amount shows a decrease of over N7 billion of the funds shared in February.

According to him, the federal government got a share of N235 billion, the states got an allocation of N119 billion while the 774 local government areas in the country got a share of N91 billion.