The Federation Accounts Allocation Committee (FAAC) has shared a total of N780.926 billion as revenue for March 2020 to the Federal, States and Local Governments and relevant agencies in the country.
The N780.926 billion comprised Statutory Revenue, Value Added Tax (VAT), and Exchange Gain.
This was revealed in a Statement of Accounts issued on Wednesday by the Office of the Accountant General of the Federation in Abuja.
The gross statutory revenue for the month of March 2020 was N597.676 billion.
According to the statement, this was higher than the N466.058 billion received in February and January 2020 by N131.618 billion.