The country’s monthly revenue prospects continued to plummet as gross receipts stood at N282.06 billion in April compared to N315.04 billion the previous month. This represented a drop of N32.98 billion from last month’s receipts.
Also on Friday, Nigeria’s interbank lending rates rose to 14.25 percent on average from 9.25 percent last week, after the Nigerian National Petroleum Corporation (NNPC) recalled some of its deposits from banks.
Nevertheless, a total distributable sum of N388.33 billion was yesterday shared among the three tiers of government for April compared to N435.05 billion shared in March.
Briefing journalists at the end of the monthly meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja, Minister of State for Finance, Alhaji Bashir Yuguda said mineral revenue dropped to N180.47 billion in the period under review compared to N228.58 billion the previous month.
However, Non-mineral revenue increased to N101.59 billion from N86.46 billion in March.
The Value Added Tax (VAT) receipts also increased to N75.16 billion from N71.19 billion.
The minister however blamed the shortfall in statutory revenue on the frequent shut down and shut in of trunks and pipelines at terminals, impacting negatively on crude oil revenue.
But he added that an increase in average price of crude oil from $55.34m in February 2015 to $56.03m in March brought about $21.67m gain in revenue.

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http://monitor9ja.com/2015/05/monthly-oil-revenue-drops-to-n282-06bn-in-april/

This people ehnn..God pass wuna;;;