The Office of the Accountant General of the Federation has said Nigerian Federation Accounts Revenue for October 2024 was N1.411 trillion, shared among the Federal Government, States, and Local Government Councils.

According to the statement the total distributable revenue included statutory revenue of N206.319 billion, Value Added Tax (VAT) revenue of N622.312 billion, Electronic Money Transfer Levy (EMTL) revenue of N17.111 billion, and Exchange Difference revenue of N566.000 billion.

The total gross revenue of N2.668 trillion was available in October 2024.

The statement further explained that the Federal Government received N433.021 billion, the State Governments received N490.696 billion, and the Local Government Councils received N355.621 billion.