FG, States, LGAs Share N679.699bn In May - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / FG, States, LGAs Share N679.699bn In May (9875 Views)
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| FG, States, LGAs Share N679.699bn In May by Wisdom58(f): 7:50pm On Jun 27, 2019 |
A total of N679.699 billion has been distributed as Federal Allocation for the month of May, 2019 between the Federal Government, State Governments and Local Government Councils. The communiqué issued by the Technical sub -Committee of Federation Accounts Allocation Committee (FAAC) at the joint session held at the African House of the Kano State Government House after the 3rd Treasury Workshop and read by the Accountant General of the Federation (AGF), Ahmed ldris, said, that the Gross statutory revenue received is N571.731 billion which is higher than the N518.916 billion received in the previous month by N52.815 billion. Revenues from Oil Royalty and Companies Income Tax (CIT) improved tremendously while Petroleum Profits Tax (PPT) decreased significantly. Import Duty and Value Added Tax (VAT), only recorded marginal increases. The distributable Statutory Revenue for the month is N571.731. The total revenue distributable for the current month (including VAT and Exchange Gain Difference) is N679.699 billion. Therefore, from the Net Statutory Revenue, Federal Government received N284.163 billion representing 52.68%; States received N187.605 billion representing 26.72%; Local Government Councils received N140.997 billion representing 20.60%; while the Oil Producing States received N40.436 billion also representing 13% derivation revenue. The Cost of Collection, Transfer and FIRS Refund comes up to N26.498 billion. Furthermore, the gross Revenue available from the Value Added Tax (VAT), was N106.826 Billion as against N96.485 Billion distributed in the preceding month, resulting in an increase of N10.341 Billion. The breakdown of the distribution has the Federal Government receiving N15.383 billion representing 15%; the States received N51.277 billion representing 50% while the Local Government Councils received N35.894 billion also representing 35%. Get more here https://thickmatch.com/breaking-fg-states-lgas-share-n679-699bn-may/ 1 Share
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| Re: FG, States, LGAs Share N679.699bn In May by FAMILYJA(f): 8:09pm On Jun 27, 2019 |
This kind of report is always better if it comes with charts. So I tried to read the entire report but it was somewhat confusing and disinteresting because of the figures and counter figures. A simple chart would just break down everything. Meanwhile, like someone said, chart or not, that won't stop those in charge of these funds from doing their selfish needful....siphoning to Dubai and other countries. It's a pity we are still where we are after all these money generated from the country. Special appeal Although this is regrettable, but I believe it can be a life saver at the same time. Please I need someone who can assist me in his/her little way in paying my school fees. Needs have piled up for me in this my final year and paying the session's school fees is very challenging that I'm at the verge of not writing the semester's exam beginning from next week. Any Nigerian led by the spirit should please come to my rescue. Please you can reach me on: 08148799227. I've all the proofs with me. Meanwhile, apologies for disturbing your peace with my personal cross in life. It's well! 10 Likes |
| Re: FG, States, LGAs Share N679.699bn In May by Tolexander: 8:16pm On Jun 27, 2019 |
FAMILYJA:chart or no chart, the majority of the money will still end up in the politicians’ pocket 18 Likes |
| Re: FG, States, LGAs Share N679.699bn In May by joseph1832(m): 8:19pm On Jun 27, 2019 |
They share all this money and still the common man on the street doesn't feel the impact. I mean, did we elect this set of people just for the purpose of sharing money to themselves and their family members.  4 Likes 1 Share |
| Re: FG, States, LGAs Share N679.699bn In May by nairalanduseles: 9:33pm On Jun 27, 2019 |
The real Guy men..........haters with misplaced priorities attack this ones |
| Re: FG, States, LGAs Share N679.699bn In May by freemanbubble: 9:33pm On Jun 27, 2019 |
Okay |
| Re: FG, States, LGAs Share N679.699bn In May by OkpaNsukkaisBae(m): 9:33pm On Jun 27, 2019 |
Are you kidneying me?? |
| Re: FG, States, LGAs Share N679.699bn In May by chudez0147(m): 9:34pm On Jun 27, 2019 |
Still nothing changed |
| Re: FG, States, LGAs Share N679.699bn In May by Mekanus(m): 9:35pm On Jun 27, 2019 |
Hmmm At the end of the day there will be nothing to show for all these billions shared. We're just screwed in this country. 9 Likes
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| Re: FG, States, LGAs Share N679.699bn In May by jaxxy(m): 9:35pm On Jun 27, 2019 |
Who monitors how the money is been spent at different levels so that public funds doesn’t go into private pockets 1 Like |
| Re: FG, States, LGAs Share N679.699bn In May by Daviddson(m): 9:35pm On Jun 27, 2019 |
I'm trying to imagine how much FIRS and NNPC henchmen embezzled before dishing out these figures. 4 Likes |
| Re: FG, States, LGAs Share N679.699bn In May by Imstrong2(m): 9:35pm On Jun 27, 2019 |
It's well |
| Re: FG, States, LGAs Share N679.699bn In May by cjrane: 9:36pm On Jun 27, 2019 |
FAMILYJA: Ofcourse they know charts are better. But they don't want you to see the states taking the bulk of the money. If it was not a mandatory law to publish money being shared, the Buhari regime would NEVER publish the money it's sharing so you won't know what is truly going on. 2 Likes |
| Re: FG, States, LGAs Share N679.699bn In May by Nobody: 9:36pm On Jun 27, 2019 |
Yahaya Bello is smiling to the banks. I’m in sifia pains 4 Likes |
| Re: FG, States, LGAs Share N679.699bn In May by wink2015(m): 9:37pm On Jun 27, 2019 |
5 Likes |
| Re: FG, States, LGAs Share N679.699bn In May by nephemmy(m): 9:38pm On Jun 27, 2019 |
how was the shared money spent?...  how many projects were executed and how many jobs were created? mumù leaders 1 Like |
| Re: FG, States, LGAs Share N679.699bn In May by wink2015(m): 9:39pm On Jun 27, 2019 |
Wisdom58: Northerners and their share ! share ! Mentality! They refuse to harness their agricultural vast lands to generate national wealth. Funny enough the north still has the worst poverty rate in the whole of Nigeria despite receiving bulk crude oil proceeds for years. |
| Re: FG, States, LGAs Share N679.699bn In May by GOFRONT(m): 9:43pm On Jun 27, 2019 |
 This is how they share it in pictures.....Nigerians, na who we offend??
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| Re: FG, States, LGAs Share N679.699bn In May by Nobody: 9:44pm On Jun 27, 2019 |
Yea More mansion's to their portfolio |
| Re: FG, States, LGAs Share N679.699bn In May by Priye007(m): 9:45pm On Jun 27, 2019 |
Pls my local government Ovia North East in Edo state should be excluded cause our money is not been used judiciously. |
| Re: FG, States, LGAs Share N679.699bn In May by Dhortunn(m): 9:47pm On Jun 27, 2019 |
680 billion naira? And we are living in poverty?? Damn this leaders fr! |
| Re: FG, States, LGAs Share N679.699bn In May by Pacesetter123(m): 9:50pm On Jun 27, 2019 |
Have they started giving the money directly to the L.G.As? |
| Re: FG, States, LGAs Share N679.699bn In May by kayusely70(m): 10:15pm On Jun 27, 2019 |
The same old story |
| Re: FG, States, LGAs Share N679.699bn In May by olajizz01(m): 10:42pm On Jun 27, 2019 |
Daviddson:Hmm,naija |
| Re: FG, States, LGAs Share N679.699bn In May by Nobody: 11:12pm On Jun 27, 2019 |
This is the only time APC and PDP unite, to share and deplete the national treasury in unison without rancor. 1 Like |
| Re: FG, States, LGAs Share N679.699bn In May by Nobody: 3:56am On Jun 28, 2019 |
Trash!! Majority of the money will end up in gov's babanriga |
| Re: FG, States, LGAs Share N679.699bn In May by Moikiitos: 4:08am On Jun 28, 2019 |
All this sharing of FG money make most States governors in Nigeria lazy. They don't even think on how to generate and increase their own State internal revenue. Instead, what we see is abuse of this money to projects that doesn't make sense to their state and needs of their people but rather enriching themselves. They are all parasites waiting for manner to drop from oil and FIRS... 1 Like |
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