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FG, States, LGs share N647bn Read more at:

The sum represented federation revenue and proceeds pf the Value Added Tax for the month of Febriary The funds were shared by the Federation Accounts Allocation Committee (FAAC) at the end of its meeting in Abuja, this morning. It followed days of angling over receipts into the Federation Account, which the state Commissioners of Finance initially rejected and insisted that the Nigerian National Petroleum Corporation (NNPC) must pay more oil revenue into the account. Details later… Read more at: