Nigeria’s Accountant General outlines revenue distribution for June 2024, detailing allocations to federal, state, and local governments.
Nigeria’s Office of the Accountant General of the Federation has published a detailed summary of the June 2024 Gross Revenue Allocation, providing insights into how funds were distributed among various governmental bodies. The report, issued by the Federation Account Allocation Committee (FAAC), reveals that a total of N1.43 trillion was disbursed in July 2024 as statutory allocations, out of the N2.68 trillion generated during the period under review.
According to the June 2024 Gross Revenue Allocation report, the disbursements covered federal, state, and local government councils, alongside other beneficiaries. The Office of the Accountant General (OAGF) made this information available through an official release, detailing the breakdown of how the funds were allocated to different entities.
The summary highlights the efforts of the FAAC to ensure equitable distribution of revenues, emphasizing the importance of these funds in maintaining governance at all levels. The June 2024 Gross Revenue Allocation demonstrates the ongoing commitment of the government to transparency in financial disbursements and fiscal management.
This disbursement represents a crucial aspect of Nigeria’s economic infrastructure, ensuring that federal, state, and local governments have the necessary resources to meet their respective obligations and development goals.
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