FG, States, LGCS Share N739.96bn For Sept Allocation(AFRICAN EXAMINER) – The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government, N739.965 billion as federation allocation for September. “From the N739.965 billion, inclusive of Value Added Tax (VAT), and Exchange Gain, the Federal Government received N301.311 billion, the states received N220.272 billion, the LGs got N164.176 billion. However, the oil producing states received N54.206 billion as derivation (13 per cent of Mineral Revenue). “The distribution is as follows; Federal Government got N23.864 billion, the States received N79.548 billion, Local Government Councils got N55.684 billion. “The distributed Statutory Revenue of N692.283 billion received for the month was higher than the N537.518 billion received in the previous month by N154.765 billion.