The sum of N387.771billion was shared among the Federal, States and Local Governments as revenue for December 2015.
The Accountant General of the Federation, Ahmed Idris, on Tuesday announced this in Abuja when he addressed pressmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting.
According to Idris, this was higher than the N369.882 shared in the month of November where the sum of N369.882 billion was shared to the three tiers of government as revenue for the preceding month. A decline of N17.889 billion.
The Accountant –General informed that N6.330 billion was refunded to the federation by Nigerian National Petroleum Corporation (NNPC) and was also proposed for sharing.
A breakdown of the revenue among the three tiers, states that the Federal Government received N147.567 billion, representing 52.68 per cent; states N74.848 billion, representing 26.72 per cent. The local governments received N57.705 billion, amounting to 20.60 per cent of the amount disbursed.
