FAAC Meeting: Three sixty-nine billion naira distributed for November
Written by Taiwo Adediran on December 23, 2015
The Federation Accounts Allocation Committee (FAAC) has distributed the sum of three hundred and sixty-nine billion naira 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 two hundred and ninety-seven billion naira declined by over one hundred and two billion naira compared with what was received in October. She, however, promised that government is looking at ways of increasing revenues from non-oil sector.