The Federation Account Allocation Committee
(FAAC) shared a total sum of N691bn in the month
of July representing allocation for June 2016. Of the
amount N528.8bn represents Statutory allocation,
N79bn represents Monetary Exchange Gain
difference, N6bn for NNPC Refund to FG, N9.92bn
for Solid minerals revenue and Finally N67bn shared
as VAT proceeds. The Full table FAAC Figure July
2016
In a document obtained by the Economic
Confidential , the economic intelligence magazine,
the federal Government received N255bn as its
share from the allocation while the 36 States and
FCT got N153bn and 774 Local Government shared
N116bn.
Other beneficiaries of the allocation include Nigeria
Customs Service (NCS) N3bn, Federal Inland
Revenue Service (FIRS) N14bn, Department of
Petroleum Resources N1.4bn.
The sum of N 126bn was transferred to Excess
Crude Account, while N20bn was for 13% Derivation
Fund. The table of all the disbursement in this link:
FAAC Figure July 2016. https://economicconfidential.com/2016/08/faac-table-n691bn-fg-states-lgcs-july-2016/

Fantastica

ashjay001:
Fantastic

At what exchange rate and purchasing power

It can only get better

ConqueredWest:


At what exchange rate and purchasing power

Hmmm...


So u prefer it to be smaller ni? Its been consistent for 2 mnths now, inspite of d NDA n wailers like u, shouldn't we rejoice?


As for exchange rate- buy naija or produce naija.
As for purchasing power- at least dey even get to receive salaries.

Ur cup is half empty, mine is half full! Enjoy!


And, pls, return my 'a'.

ashjay001:



Hmmm...


So u prefer it to be smaller ni? Its been consistent for 2 mnths now, inspite of d NDA n wailers like u, shouldn't we rejoice?


As for exchange rate- buy naija or produce naija.
As for purchasing power- at least dey even get to receive salaries.

Ur cup is half empty, mine is half full! Enjoy!

Tell your President to bring his kids here to school

Tell him to buy and grow naija

ConqueredWest:


Tell your President to bring his kids here to school

Tell him to buy and grow naija

Oga, u are d one complaining na?! My Presido can afford it, d guy even said it plainly enough.


So, if u're worried abt purchasing power, then u receive ur income as at wen due, let those who haven't, rejoice na.

If u're worried about exchange rate, 'bring back ur kids', or even set up a world class institution in naija, instead of bothering abt wat ur neighbours are doing right or wrong.

The afongas the ugwu eporters and Ipod and the Niger Delta avengers would love this news they would be pained by this news. let them keep destroying pipelines while the Govt revenue keeps increasing. The rate @ which Fg revenue is rising i Feel they would soon discover crude oil in the North. I Feel my crush Adeosun is more intelligent than N. O. I

ConqueredWest:


At what exchange rate and purchasing power

I'm sure you saw the bold in the report?

N79bn represents Monetary Exchange Gain
difference

Where is the allocation table?

ConqueredWest:


Tell your President to bring his kids here to school

Tell him to buy and grow naija

Ipoo wailer, we know every good news that emanates from the current government gives you and your likes serious pain. Just brace up for more pain as more good news will continue to come from the Buhari government.

Nice.. Thumbs up to the team working hard to increase revenue..

Impressive

Wailers, PDP/Avengers, etc are not smiling

We will get there

Impressive, let the people start feelin the impact immediately. Let nobody tell me we can pay salaries again.

That is very good oo....

Bi iro ba lo logun Truth will s urelly catch up.


https://www.nairaland.com/3251615/see-breakdown-states-allocation-month

So many people here were crucifying the governor's of lying about what they get according to the lies in the thread above.


But they've suddenly remain mute now that the truth have surfaced.

See the actual figure here for July:

ALLOCATIONS to the three tiers of government after the monthly Federation Account Allocation Committee (FAAC) meeting yesterday dropped to N443.663 billion.
Last month’s allocation of N559.032 billion triggered jubilation and predictions from some quarters that the July disbursements will may be higher.

http://thenationonlineng.net/july-faac-allocation-drops-n444-6b/

infohenry:
Impressive, let the people start feelin the impact immediately. Let nobody tell me we can pay salaries again.

They will still tell you that. Most of the Governors are criminals hiding under the shadow of poor allocation to embezzle and deny the civil servants their salaries.