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Federation Account gets N5.2tr in Six Months

Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has announced that a total of N5,244,037,636,561.60 has accrued into the Federation Account from January to June.

The statement highlighted the significant amount of revenue generated from Value Added Tax (VAT) and solid minerals.

The report stated that from VAT, the FIRS/NCS together received the sum of N59,593,164,213.83 as cost of collection within the period under review.

Source: thenationonlineng.net

 

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