The Federation Account Allocation Committee (FAAC) has shared a total sum of N954.085 billion for July 2022 Federation Account Revenue between the Federal, State Governments, and Local Government Councils.   
This is contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting held on Wednesday in Abuja.
The N954.085 billion total distributable revenue comprised statutory revenue of N776.918  billion and Value Added Tax (VAT) revenue of N177.167 billion.
In July 2022, the total deductions for cost of collection was N47.254 billion, while total deductions for transfers, savings and refunds amount to N255.762 billion while the balance in the Excess Crude Account (ECA) is $470,599.54.
According to the communiqué, from the total distributable revenue of N954.085 billion, the Federal Government received N406.610 billion, State Governments got N281.342 billion and the Local Government Councils pocketed N210.617 billion while the sum of N55.515 billion was shared to the relevant States as 13% derivation revenue.
Gross statutory revenue of N1,066.845 billion was received for the month of July 2022, and this was higher than the sum of N1,012.065 billion received in the previous month of June 2022 by N54.780 billion.
From the  N776.918 billion distributable statutory revenue, the Federal Government received N380.035 billion, State Governments pocketed N192.759 billion and the Local Government Councils got N148.609 billion, while the sum of N55.515 billion was shared to the relevant States as 13% derivation revenue.
In the month of July 2022, the gross revenue available from the Value Added Tax (VAT) was N190.256 billion. This was lower than the N208.148 billion available in the month of June 2022 by N17.892 billion.
From the N177.167 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N26.575 billion, State Governments went home with N88.584 billion and the Local Government Councils got N62.008 billion.
The Communiqué states that in the month of July 2022,  Companies Income Tax (CIT), Petroleum Profit Tax (PPT), Excise Duties, Oil and Gas Royalties recorded significant increases, while Import Duty and  Value Added Tax (VAT) decreased considerably.


https://tribuneonlineng.com/faac-fg-states-lgs-share-n954-085bn-july-allocation/?utm_source=&utm_medium=twitter

Hold your governors accountable... Don't blame Buhari Osinbajo.

Christmas came rather too early for these politicians. Congratulations to them anyway. One day it will be us at the helm of affairs

See money that end up in view pockets.

Thieves have pocket major percentage of the money.

They looted everything

This money does not touch average Nigerians.

2moroshine:
This money does not touch average Nigerians.

But are the average Nigerians not state workers ? This is allocation which state governors use to pay salaries in their respective states.

What happen to igr, should be the pertinent question

Sharing peanuts as far as I am concerned.

TheRareGem1:


But are the average Nigerians not state workers ? This is allocation which state governors use to pay salaries in their respective states.

What happen to igr, should be the pertinent question

Some states are owing workers.

We need what each state got
Nigeria get money walahi

This is the highest revenue ever.cc fergie001

garfield1:
This is the highest revenue ever.

Should be.... Just that, it will likely go into election expenses.

The whole 36 states shared less than 954billion but ASUU alone is demanding 1 trillion. That greedy union should be disbanded by FG.

fergie001:

Should be.... Just that, it will likely go into election expenses.

How

garfield1:


How

We are in the season of elections.

fergie001:
We are in the season of elections.

Tinubu and atiku fighting for wike abroad

Abduljohn:
We need what each state got
Nigeria get money walahi

Which stupid money. Money may no reach only Texas state spend for 1 week! Naim all both FG and state dey share for 1 months.

Guy for any real meaningful development we suppose dey share 1000× of these. It should be 20trillions per month

garfield1:


Tinubu and atiku fighting for wike abroad

That's what he always wanted.

The attention and he will now be able to cut a better deal.

garfield1:
This is the highest revenue ever.cc fergie001

Surprised myself, almost a trillion Naira.

First time nnpc is making profit and remitting something significant for a while.

Even the excess crude account rose significantly. This is the benefit of unbundling and privatizing the nnpc which buhari just did. Same thing atiku suggested that he was crucified for.