Wednesday, December 23, 2015

FAAC Meeting: N369 Billion Distributed For November

The Federation Accounts Allocation Committee (FAAC) has distributed the sum of  N369 billion to the Federal, State and Local Governments for the month of November.

Addressing newsmen in Abuja, the Minister of Finance, Mrs Kemi Adeosun, said that gross statutory revenue for the month which stood at N297 billion declined by over N102 billion compared with what was received in October.

She, however, promised that government is looking at ways of increasing revenues from the non-oil sector.


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