Nigeria’s Gross Statutory Revenue for the month of November dropped by 102 billion Naira to 297 billion Naira compered with the month of October, a government official said on Tuesday.

The current revenue position was made known by the Minister of Finance, Miss Kemi Adeosun, during the Federation Accounts Allocation Committee (FAAC) meeting.

The FAAC during the meeting distributed the sum of 369 billion Naira to the Federal, States and Local Governments for the month of November.

Addressing reporters in Abuja after the meeting, the Minister of Finance said that the Gross Statutory Revenue for the month which stood at 297 billion Naira was less than what it was in October.

Credit: ChannelsTv