FG records N307.49bn revenue shortfall in four months

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According to data obtained from CBN, the Federal Government recorded a revenue shortfall of N307.49bn from July to October last year.

The report said out of the gross federation receipts of N942.31bn, a statutory deduction of N205.45bn was made, leaving a balance of N736.86bn for distribution to the three tiers.

– Punch

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