FG, States, Lgs Allocation Drops From N611.7bn To N603.5bn For September - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / FG, States, Lgs Allocation Drops From N611.7bn To N603.5bn For September (374 Views)
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| FG, States, Lgs Allocation Drops From N611.7bn To N603.5bn For September by bugs2: 5:09am On Oct 23, 2014 |
A total of N603.529 billion was yesterday shared among the three tiers of government for the month of September which was lower than the N611.767 shared for August 2014. N463.779 billion was shared among the three tiers of government as statutory fund, N65.102 billion from Value Added Tax (VAT), N30 billion as additional distribution from NNPC, N35.549 billion from SURE-P and N6.330 as NNPC refund to the federal government. Also shared was the N2.76 billion initially meant for transfer to the Excess Crude Account (ECA). The gross revenue of N502.09 billion received for the month was lower than the N601.65 billion received in the previous month. The further decline in mineral revenue was attributed to the slight decrease in the crude oil prices and production loss due to shut-in and shut down of trunk lines and pipelines at various terminals. Read Full details http://monitor9ja.com/2014/10/fg-states-lgs-allocation-drops-n611-7bn-n603-5bn-september/ |
| Re: FG, States, Lgs Allocation Drops From N611.7bn To N603.5bn For September by Atyodos: 5:11am On Oct 23, 2014 |
wat ever de see dey can share nd loot sha |
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