FGN And States Share Another N518.542b June Federation Revenue

The Federal Government and the 36 states of the federation yesterday distributed the sum of N518.542 billion being federally generated revenue for the month of June.
The distribution is coming barely two weeks after an emergency Federation Accounts Allocation Committee (FAAC) met to share the sum of N713 billion Nigerian Liquefied Natural Gas (NLNG) dividends and other oil companies taxes declared by the Federal Inland Revenue Service (FIRS) as a way of alleviating the harsh liquidity position which had assailed some states, leading to inability of some to pay workers’ salaries.

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