The federal government, state and local governments shared the sum of N604.004bn as federation allocation revenue for October 2020.
The Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Aliyu Ahmed, who chairs the Federation Accounts Allocation Committee, announced the figure after its meeting yesterday.
The Federal Government received N220.751bn; state governments, N161.825bn; the local governments, N120.588bn.
Oil producing states received N31.902bn as derivation (13% of mineral revenue); and cost of collection/transfer and refunds, N48.939bn.
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