The Federation Account Allocation Committee (FAAC) has shared N990.189 billion to the three tiers of government for December 2022.

Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of Finance, Budget and National Planning, gave the details on Tuesday.

The Federal Government received N375.306billion, States and the FCT received N299.557billion, while the 774 Local Government Councils got N221.807billion.

The N990.189billion received by the Federal Government comprised Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and Electronic Money Transfer Levies (EMTL).