Unifying the country’s exchange rate has significantly increased the revenue from the exchange difference.
The communique says Exchange Difference revenue was N320.89bn in June 2023, which would be shared in July 2023.
The communique shows from the N320.89bn exchange difference revenue, the Federal Government received N156.16bn, the State Governments received N79.20bn, the Local Government Councils received N61.06bn and the sum of N24.47bn was shared to the relevant states as 13 per cent mineral revenue.