Statutory revenue rises by N622.1b as FG, states, LGAs share N1.70tr

Nigeria's gross statutory revenue rose by N622.125 billion to N1.848 trillion in January 2025 from the N1.226 trillion received in December 2024. This was announced by the Federation Accounts Allocation Committee (FAAC) at the end of its February 2025 meeting in Abuja, yesterday.