The Federation Account Allocation Committee (FAAC) has shared 722.677 billion naira to the Federal Government, States and Local Government Councils for the month of February. 

This was contained in a communiqué issued at the end of the FAAC meeting for March 2023.

The sum comprised statutory revenue of 366.800 billion naira, Value Added Tax revenue of 224.232 billion naira, Electronic Money Transfer Levy of 11.645 billion naira and 120.000 billion naira Augmentation from Forex Equalization Account.