It comprised distributable statutory revenue of N1.260 trillion, distributable Value Added Tax (VAT) revenue of N747.088 billion and augmentation of N250 billion.
A communiqué by FAAC indicated that total gross revenue of N2.364 trillion was available in the month of March.
FG received a total sum of N758.405 billion and the state governments received N689.120 billion.
The speaker urged his colleagues to deliberate on the budget with fairness, patriotism snd commitment.
Mr Adelabu said the Electricity Act 2023 transformed the sector by empowering states to establish subnational electricity markets
The communiqué said that total gross revenue of N2.942 trillion was available in the month of May.
The communiqué said that the revenue was shared at the May meeting of FAAC on Friday in Abuja.
Tagged ‘Budget of Recovery and Continuity’, Mr Zulum said the proposal comprises ₦323.47 billion for capital expenditure and ₦204.71 billion for recurrent expenditure.
The communique said the total revenue of N2.192 billion was available in the month of April.
“Total revenue of N2.326 trillion was available in the month of February.”
