FG, States, Lgs Share N655bn - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / FG, States, Lgs Share N655bn (465 Views)
FG, States, LGs Share ₦547 Bilion As May Federation Allocation / FAAC: FG, States, LGs Share ₦606 Billion For April / FAAC: FG, States, Lgs Share N668.89b After Deadlock (2) (3) (4)
| FG, States, Lgs Share N655bn by actiondrilling: 5:29am On Jan 24, 2018 |
The federal and the other tiers of government on Tuesday shared a total of N655.177 billion as revenue that accrued to the Federation Account and proceeds of the Value Added Tax in December, last year. The money was shared at Federation Account Allocation Committee (FAAC) meeting in Abuja yesterday. Addressing journalists at the end of the meeting, the Minister of Finance, Mrs. Kemi Adeosun, said that N540.446 billion. The federal government got N252.543 billion, states, N128.093 billion, local governments got N98.755 billion while N47.738 billion was shelled out as 13 per cent derivation to oil producing states. Also another N80.604 billion was from proceeds of Value Added Tax (VAT), with the federal government receiving N13.091 billion, state governments, N40.302 billion and local governments N28.211 billion. The statutory allocation of N540.446 billion, excluding VAT, received for the month was lower than the N549.533 billion received in the previous month by N9.087 billion. The minister, according to the News Agency of Nigeria (NAN), explained that the decrease in crude oil exports by 0.59 million barrels resulted in decreased revenues from export sales of $11.65 million. Adeosun disclosed that the accruals into the Excess Crude Account (ECA) still stood at $2.317 billion. In his remarks after the meeting, the chairman of Finance Commissioners’ Forum, Alhaji Mahmoud Yunusa, said states were cutting costs in line with economic realities. http://www.akelicious.com/2018/01/fg-states-lgs-share-n655bn.html
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| Re: FG, States, Lgs Share N655bn by Trustme2(m): 5:32am On Jan 24, 2018 |
better than last month |
| Re: FG, States, Lgs Share N655bn by mrvitalis(m): 6:01am On Jan 24, 2018 |
No state has a right to owe this month Federal government has 100bn after salaries and all It's really small but can actually go a long way |
| Re: FG, States, Lgs Share N655bn by Alejoas(m): 6:05am On Jan 24, 2018 |
Can these people pause for once and share this money to all of us? This thing no dey touch grassroots biko.... Which way Nigeria? |
| Re: FG, States, Lgs Share N655bn by thesicilian: 6:07am On Jan 24, 2018 |
We should sell the country self and share the money. |
| Re: FG, States, Lgs Share N655bn by DivneFavour(m): 7:19am On Jan 24, 2018 |
Some lazy Governors Will still have reasons not to pay workers salaries |
| Re: FG, States, Lgs Share N655bn by Harrynight(m): 8:28am On Jan 24, 2018 |
Some governors will still squander this and come back to continue screaming bankruptcy. they will still complain of not having money to pay workers and pensioneers. |
| Re: FG, States, Lgs Share N655bn by Trustme2(m): 8:33am On Jan 24, 2018 |
Like Yahyah Bello of Kogi. That man is a colossal disaster. The mistake will be corrected by 2020. Make I go find my PVC |
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