The Federal Ministry of Finance says N345 billion was shared among the federal, states and local governments as revenue for February 2015.
Addressing newsmen on the outcome of the Federation Accounts Allocation Committee (FAAC) meeting, Permanent Secretary, Ministry of Finance, Mahmoud Isa Dutse, said that the shared amount comprised the month’s statutory revenue of N270.5 billion.
Alhaji Dutse said also that the money shared included the N6.3 billion refunded to the federation by the Nigerian National Petroleum Corporation (NNPC).
Recall that N370.3 billion was shared to the three tiers of government as revenue for the month of January, showing an increase of N25.2 billion in revenue.
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