By Aduragbemi Omiyale The three tiers of government in Nigeria; the federal, 36 states and 774 local governments shared N733.09 billion in July 2021 from the revenue generated the previous month, higher than N605.96 billion shared in June 2021. From the amount, the federal government received N304.95 billion, states received N215.57 billion, while the local councils received N161.10 billion. In addition, the oil-producing states got N51.47 billion as a 13 per cent derivation of mineral revenue, a statement from the Ministry of Finance on Friday night disclosed. The statement was issued after the monthly virtual Federation Accounts Allocation Committee (FAAC) … Continue reading FG, States, LGs Share N733.09bn from FAAC in July 2021