The Federal, State and Local Governments have shared the sum of N 467.807 billion in March. 

The Accountant-General of the Federation, Ahmed Idris, said that this, adding that the represented a N429.127 million increase over the amount shared last month. 

According to him, the amount represented revenue which accrued into the Federation Account and proceeds of the Value Added Tax for the period.

In his analysis, the federal government took the sum of N136.507 billion (52.68%) from the statutory allocation, while states and local governments received N69.238 billion (26.72%) and N53.380 billion (20.60%), respectively.