Posted on Apr 22, 2020
In the next few working days, civil servants will be paid their April 2020 salaries.
This is because the Federation Accounts Allocation Committee (FAAC) has shared a total of ₦780.926 billion as March 2020 Federation Account Revenue.
The Office of the Accountant General of the Federation (OAGF) disclosed in Abuja that the Federal, States, Local Governments and relevant Agencies in the country shared ₦780.926 billion as at the end of the FAAC meeting.
According to the statement: “The N780.926 billion comprised Statutory Revenue, Value Added Tax (VAT), and Exchange Gain.”
It was also disclosed the balance in the Excess Crude Account (ECA) grew a little to $72.221 million.
The gross statutory revenue for the month of March 2020 was put at ₦597.676 billion