The Federation Account Allocation Committee (FAAC) disbursed the sum of NN5.10 billion to the 33 local government areas in Oyo state in January 2019 for the revenue generated in December 2018.
The amount disbursed comprised of the following:
Gross Statutory Allocation – N3.85 million
Deduction – N (83.6million)
Value Added Tax – N1.33
Exchange Gain Difference – N6.94 million
See how much it local government councils ‘received’ from its state government joint account in January 2019:
