Nigeria, Feb. 3 -- Gross statutory revenue fell to N1.631 trillion in December, down by N105.2 billion from the N1.736 trillion recorded in November.

However, the cost of collecting revenue increased by about 24 percent month on month, climbing from N84.25 billion to N104.7 billion, according to a FAAC communique released on Monday.



The News Chronicle noted that the higher collection cost was a major concern for state governments, especially as overall inflows declined.

The tension contributed to protests by state commissioners of finance and delayed the January FAAC meeting before a compromise was reached.



FAAC eventually shared N1.969 trillion as December revenue among the three tiers of government. This included N1.084 trill...