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Nairaland Forum / Nairaland / General / Politics / FAAC Shares N701bn In May (499 Views)
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FAAC Shares N701bn In May by walezy14(m): 12:34am On May 24, 2018 |
The Federation Account Allocation
Committee (FAAC) on
Wednesday shelled out N701.022
billion to the three tiers of
government as disbursements for the
month of May 2018.
The figure was described as “an
improvement from N626.8 billion
shared in April” by the Permanent
Secretary Federal Ministry of Finance.
While addressing the press at the end
of the FAAC meeting in Abuja on
Wednesday, Permanent Secretary,
Federal Ministry of Finance, Dr
Mahmoud Isa Dutse said the Federal
Government got N289.045 billion,
States got N181.963 billion, while the
Local Government Areas received
NN137.327 billion. The 13 per cent
mineral revenue for oil producing
states stood at N49.756, while the
cost of revenue collection and Federal
Inland Revenue Service (FIRS) refund
N42.932 billion.
Isa Dutse also disclosed that the
Excess Crude Account balance now
stands at $1.911 billion after N24.5
billion savings was added to it.
Itvwould be recalled that the federal
government withdrew about $1billion
from the account to purchase
aircrafts to tackle insurgency in the
country. |
Re: FAAC Shares N701bn In May by Mikeross62: 1:05am On May 24, 2018 |
OK Share share government |
Re: FAAC Shares N701bn In May by yarimo(m): 1:21am On May 24, 2018 |
Every state governor will make sure the funds is utilise in a good way but, except FAYOSE the governor of ekiti state who will use it to by pummo in the market |
Re: FAAC Shares N701bn In May by Nobody: 7:58am On May 24, 2018 |
yarimo: And you forgot to mention your brother and name sake Yahaya Bello of Kogi who is the worst of them all...atleast Fayose buy kpomo with his own, your bello throw and spray his own on the ground all over the place...!! Peace..!! |
Re: FAAC Shares N701bn In May by papoudaupolos: 8:25am On May 24, 2018 |
We |
(1) (Reply)
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