A total of N628 billion has been disbursed to the Federal, State and Local Governments for the month of November.
Addressing journalists after the Federation Accounts Allocation Committee meeting in Abuja, the Minister of State for Finance, Ambassador Bashir Yuguda said gross revenue for the month stood at N500 billion, lower than the N536 received in October.
Ambassador Yuguda attributed the drop in revenue to a reduction in export volumes and a drop in crude oil prices.
He however said that a total of N35 billion has been proposed for distribution under the Subsidy Reinvestment Programme (SURE-P) for the three tiers of government.
