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Stats: 1,928,507 members, 3,971,820 topics. Date: Saturday, 16 December 2017 at 12:46 AM

FG, States And LGA Share N532.7bn In October - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG, States And LGA Share N532.7bn In October (5152 Views)

FAAC Disburses N386bn To FG, States, Lgs In November 2016 / FG, States Spent N538bn On Ghost Workers In Five Years / May Allocation: N305.128bn Shared By FG, States And LGs (1) (2) (3) (4)

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FG, States And LGA Share N532.7bn In October by BeeBeeOoh(m): 9:51pm On Dec 07
The Federal, States and Local Government in October shared N532.7 billion which shows a decline of N25.3 billion when compared to what they shared in September.

The Permanent Secretary of the Ministry, Mahmoud Isa-Dutse, said this on Thursday in Abuja while briefing journalists on the outcome of the monthly Federal Account Allocation Committee, FAAC.

Mr. Isa-Dutse attributed the decline to the decrease in revenue from export sales of $42.94 million due to a decrease in crude oil production by 1.25 million barrels.

He said even though the average price of crude oil increased from $46.29 per barrel to $48.66 per barrel, it was not enough to make up for the loss in production.

“Some of the issues that impacted negatively on crude oil production were attributed to ageing facilities which resulted to shut-ins and shut-downs of pipelines at various terminals for repairs and maintenance.

“Petroleum Profit Tax increased significantly while Import Duty and Value Added Tax improved only significantly.
“Companies Income Tax and Oil Royalty recorded slight decreases in the month under review,” he said.

In summary, Mr. Isa-Dutse said after deductions as cost of collection by FIRS, Customs and DPR, the federal government received N205.7 billion, representing 52.68 per cent; states and N104.3 billion, representing 26.72 per cent.

The local governments, he said, received N80.4 billion, amounting to 20.60 per cent of the amount distributed.

Mr. Isa-Dutse announced that N40.8 billion representing 13 per cent derivation revenue was also shared among the oil producing states.

He said that the country generated N317.2 billion as mineral revenue and N124.4 billion as non-mineral revenue.

He said this showed an increase of N41.6 billion from what the country generated as mineral revenue and a decrease of N23.5 billion in non-mineral revenue from what was generated in the month of September.

Meanwhile the Chairman, Commissioners of Finance Forum, Mahmoud Yunusa, has apologised for the lateness in holding the meeting, which was supposed to have taken place on November 23.

He said the meeting was cancelled by the state governors due to discrepancies found in revenue figures presented by some of the revenue generating agencies.

Mr. Yunusa confirmed that the NNPC had increased what they had initially presented to FAAC as what they had generated after the states showed their displeasure.

He said that to avoid such occurrence, the states as a major stakeholder in NNPC, would henceforth keep “an eagle eye on the affairs of the NNPC”.

“Going forward we will be fully involved in what the NNPC does to avoid this kind of errors in future. We will scrutinise their books,” he said.

https://www.premiumtimesng.com/news/top-news/251773-nigerian-govt-states-lgs-share-n532-7-billion-october.htmlhtml

Re: FG, States And LGA Share N532.7bn In October by yanabazee: 10:42pm On Dec 07
N532billion and most states won't still pay off their staffs but will be waiting for more Paris refund...

3 Likes

Re: FG, States And LGA Share N532.7bn In October by kayusely70(m): 10:44pm On Dec 07
Feeding bottle federalism

5 Likes

Re: FG, States And LGA Share N532.7bn In October by GODISGREAT123: 11:01pm On Dec 07
yanabazee:
N532billion and most states won't still pay off their staffs but will be waiting for more Paris refund...

The FG takes more that 50% of that while all 36 States and 774 LGAs share the rest. It isn't much if you know the wage bill of some states

2 Likes 1 Share

Re: FG, States And LGA Share N532.7bn In October by cdqyehyeh: 11:33pm On Dec 07
And wot is it used for.
Kogi governor: pocket money as usual.
Imo governor: i will use it to construct minister of happiness statue
Abia governor: I built wheel barrow factory
Ekiti governor:i use it to get kids New year cloth in advance, and i bought lot of plantain 4rm d plantain seller.

6 Likes 1 Share

Re: FG, States And LGA Share N532.7bn In October by mrvitalis(m): 3:23am On Dec 08
GODISGREAT123:


The FG takes more that 50% of that while all 36 States and 774 LGAs share the rest. It isn't much if you know the wage bill of some states
Fg employs 70% of civil servants you know right ?

10 Likes

Re: FG, States And LGA Share N532.7bn In October by chuks34(m): 12:23pm On Dec 08
i dont know what to comment
Re: FG, States And LGA Share N532.7bn In October by KehnnyCares(m): 12:25pm On Dec 08
Some governors will still divert this money and continue giving excuses always
Re: FG, States And LGA Share N532.7bn In October by smithsydny(m): 12:25pm On Dec 08
How come saleies are not paid..just thinking
Re: FG, States And LGA Share N532.7bn In October by Teewhy2: 12:25pm On Dec 08
Nigeria a country where government keeps spending on infrastructure but the infrastructure keeps decaying.
I hail thee . Weldone sir
Re: FG, States And LGA Share N532.7bn In October by HomesOfLife(m): 12:25pm On Dec 08
angry
Re: FG, States And LGA Share N532.7bn In October by ruggedised: 12:27pm On Dec 08
more money for okorocha to raise more status, maybe appoint a commissioner for statu

2 Likes

Re: FG, States And LGA Share N532.7bn In October by manutdrichie(m): 12:28pm On Dec 08
See our crude oil money being shared any how
Re: FG, States And LGA Share N532.7bn In October by anonimi: 12:29pm On Dec 08
cdqyehyeh:
And wot is it used for.
Kogi governor: pocket money as usual.
Imo governor: i will use it to construct minister of happiness statue
Abia governor: I built wheel barrow factory
Ekiti governor:i use it to get kids New year cloth in advance, and i bought lot of plantain 4rm d plantain seller.

Whose fault.
When the cat is away/not vigilant, then the mouse will play.
We have a choice to join political parties and use our own savings to fund them for identifying candidates who will be accountable to us instead of giving returns to the godfathers who sponsored them and "mobilised" voters.
Our choice!
Our consequences!!!





3 Likes

Re: FG, States And LGA Share N532.7bn In October by Jollyana(f): 12:30pm On Dec 08
Nigeria sef


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Re: FG, States And LGA Share N532.7bn In October by Kobicove(m): 12:30pm On Dec 08
I can bet the governor of Imo State will use their share to build more statues grin

1 Like

Re: FG, States And LGA Share N532.7bn In October by BMCSlayer: 12:30pm On Dec 08
This man(Buhari) is incompetent, and I'm just been kind with my remarks.

1 Like

Re: FG, States And LGA Share N532.7bn In October by kay29000(m): 12:31pm On Dec 08
What are state governors using their own share for? They are still owing their workers salaries. I think every state should just take care of itself with what it generates internally, and maybe 20% should be sent to the federal government.

1 Like 1 Share

Re: FG, States And LGA Share N532.7bn In October by BakireBulmaker: 12:31pm On Dec 08
Restructuring remains the way forward... smiley

1 Like 2 Shares

Re: FG, States And LGA Share N532.7bn In October by anonimi: 12:36pm On Dec 08
BakireBulmaker:
Restructuring remains the way forward... smiley

As promised by barawo bubu in 2011 but not implemented despite majority in the NASS and state governors/houses of assembly for constitution amendment.
As promised by El-Rufai aka FAILURE before he CHAIN-ged his mouth.
As promised by ATHIEFku now that he is looking for southern votes.











anonimi:
Atiku canvasses true federalism, says Nigeria’s structure “not working

May 31, 2016

Former Vice President Atiku Abubakar on Tuesday said the Federal Republic of Nigeria as currently constituted was not working, saying greater autonomy to states remained the panacea to the country’s multi-faceted internal crisis.
Mr. Atiku’s recommendations came when he spoke at the official launch of “We Are All Biafrans”, a new book by journalist and scholar, Chido Onumah, in Abuja.
Mr. Atiku, who was Nigeria’s vice-president between 1999-2007, said Nigerians had suffered for too long under a poorly-designed structure.
“Nigeria is not working, as well as it should,” Mr. Atiku said. “And part of the reason is the poor way we have structured our economy and governance especially since 1960.”
Mr. Atiku said the federal government’s powers dwindle those of states, consequently making it difficult for states to carry out customised initiatives for their individual residents, a situation he said “needs to change.”
“The federal government is too big and too powerful relative to the federating units,” Mr. Atiku said. “That situation needs to change and calling for that change is patriotic.”
Mr. Atiku also urged Nigerians to desist from labelling those clamouring for a weak centre in Nigeria’s political system.
“We must refrain from assuming that anyone calling for restructuring of our federation is working for the breakup of our country. Absolutely not. And I reject that notion.”

More from: https://www.premiumtimesng.com/news/top-news/204457-atiku-canvasses-true-federalism-says-nigerias-structure-not-working.html


2 Likes

Re: FG, States And LGA Share N532.7bn In October by infofta(m): 12:42pm On Dec 08
I thought we export 1.8 million barrels per day at the rate of 62 dollars per barrel.
Somebody should explain. I don't get it.
Re: FG, States And LGA Share N532.7bn In October by Haddock(m): 1:00pm On Dec 08
BMCSlayer:
This man(Buhari) is incompetent, and I'm just been kind with my remarks.

Dislocated Comment!

Granted, he is incompetent but please look for a more appropriate thread on Nairaland and rewrite your comment again. This thread is about sharing N532.7bn in October.
Re: FG, States And LGA Share N532.7bn In October by Swaggzkid: 1:01pm On Dec 08
anonimi:


As promised by barawo bubu in 2011 but not implemented despite majority in the NASS and state governors/houses of assembly for constitution amendment.
As promised by El-Rufai aka FAILURE before he CHAIN-ged his mouth.
As promised by ATHIEFku now that he is looking for southern votes.












NICE, fits a topic

1 Like

Re: FG, States And LGA Share N532.7bn In October by SurefireFashion: 1:13pm On Dec 08
noted.
Re: FG, States And LGA Share N532.7bn In October by BMCSlayer: 1:13pm On Dec 08
Haddock:


Dislocated Comment!

Granted, he is incompetent but please look for a more appropriate thread on Nairaland and rewrite your comment again. This thread is about sharing N532.7bn in October.
is it more Dislocated than putting a lawyer in charge of the ministry for electricity?
Re: FG, States And LGA Share N532.7bn In October by galaxy2020(m): 1:27pm On Dec 08
PARASITIC FEDERALISM... .This country can never move forward with this level of constitutionaly enshrined LAZINESS.
Re: FG, States And LGA Share N532.7bn In October by valentineuwakwe(m): 2:02pm On Dec 08
hmmm....Governors don see where them go hold hand and not pay workers salaries this december 2017
Re: FG, States And LGA Share N532.7bn In October by yaki84: 2:23pm On Dec 08
yanabazee:
N532billion and most states won't still pay off their staffs but will be waiting for more Paris refund...
shared between fg, 36states n 774lgas.

This is october allocation being shared in the month of december.....
Most states igr cant even pay electric bills not to talk of salaries.

Read n always try to use ur brains
Re: FG, States And LGA Share N532.7bn In October by Boss13: 2:41pm On Dec 08
The maths don’t add up. N532.7bn was raised as revenue for the month ended October 2017. Based on the information provided, only 73% was distributed amongst FG, States and LGAs (N390.4bn). Estimating the 13% derivative revenue of N40.8bn based on the information here is quite difficult as the base amount was not stated. Even information on how the 13% derivative revenue is formulated is vague.

Our government must provide clear and consistent information for proper comparison. The voodism perpetrated at the helm of affairs isn’t not good.
Re: FG, States And LGA Share N532.7bn In October by Reference(m): 3:34pm On Dec 08
infofta:
I thought we export 1.8 million barrels per day at the rate of 62 dollars per barrel.
Somebody should explain. I don't get it.

You do the packaging and selling, oil majors do the farming and processing so....its kinda fair to share the receipts....isn't it.
Re: FG, States And LGA Share N532.7bn In October by PrecisionFx(m): 5:12pm On Dec 08
yanabazee:
N532billion and most states won't still pay off their staffs but will be waiting for more Paris refund...


Nigeria needs Trillions per month, this 500 billion naira na trash.

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