By Aduragbemi Omiyale The amount disbursed to the federal government, state government and the 774 local councils in the country for the month of April 2022 increased by 4.39 per cent as a result of the increase in Petroleum Profit Tax (PPT), Oil and Gas Royalties, Import and Excise Duties, Companies Income Tax (CIT) and Value Added Tax (VAT). According to the communiqué issued on Wednesday after the monthly Federation Account Allocation Committee (FAAC) meeting, the revenue generated by the nation in March 2022 and shared this month stood at N725.57 billion compared with the N 695.03 billion distributed from … Continue reading FAAC Allocation for April 2022 Increases by 4.39% to N725.57bn