From this amount, inclusive of VAT, the Federal Government received N273bn, the States received N190bn, the Local Government councils got N142bn while the oil producing states received N42bn as derivation.
A communique issued by FAAC at the end of the meeting, chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Mahmoud Isa-Dutse, indicated that the Gross Revenue available from the Value Added Tax for July, 2020 was N132bn against N126bn distributed in the preceding month of June, 2020, resulting in an increase of N3bn.
