The Federal Government, States and Local Governments have shared N281.500 billion from federation revenue that accrued to the nation in the Month of April.
The figure represented a decline of about N18.2 billion compared to the N299.74 billion shared last month.
The Minister of Finance, Kemi Adeosun, who briefed journalists at the end of the Federation Account Allocation Committee, FAAC, meeting in Abuja yesterday, blamed low oil receipts for the low revenue.
The fund was divided as follows: federal government 52.68 percent, States 26.72 percent, and local governments 20.6 percent. The remaining 13 percent derivation of the revenue would be allocated to oil producing States.