The Federation Account Allocation Committee (FAAC) disbursed the sum of N769.53bn to the three tiers of government in August 2019 from the revenue generated in July 2019. 

The amount disbursed comprised of N607.37bn from the Statutory Account, N94.16bn from Valued Added Tax (VAT) and N999.99m exchange gain differences.

Federal Government received a total of N299.80bn from the N769.53bn. States received a total of N190.38bn and Local governments received N143.57bn. The sum of N51.63bn was shared among the oil-producing states as 13% derivation fund.

Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N5.70bn, N11.14bn and N5.02bn respectively as cost of revenue collections.

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N241.81bn was disbursed to the FGN consolidated revenue account; N5.43bn shared as share of derivation and ecology; N2.72bn as stabilization fund; N9.13bn for the development of natural resources; and N6.30bn to the Federal Capital Territory (FCT) Abuja.

SOURCE:https://brandspurng.com/2019/09/25/faac-allocates-n720-880bn-among-fg-states-lgs-for-august/

Spoon fed

hmmm

And still these fuckkking states can not repair federal road without demanding for refund

This is too small roughly 2 billion dollars a month for 200 million people ...thats like 10 dollars a month for each nigerian
Thats why when most dumb politicians who think we have money get there they are shocked and start to owe salary ...

3500 a month to
..subsidize fuel , provide security , roads , health care .pay lazy civil servants ( 65% of that money )..and the rest ....

This is less than what some small city in the USA get in a month

No matter who rules if the average nigerian is not ready to pay 25,000 in tax per month we cant get anywhere meaningful

Nigeria needs at least 3.5 trillion per month to see good development ..and is easy to achieve ....

Taxing the people is the only way

Why not use the word SHARE as normal

And Delta State top the state with the highest allocation once more.

Deltans be wise!

God bless Nigeria.

80% for salary of political class / civil servants that got job via connection of political class and recurrent expenditures and 20% on Elephant Projects.. at the end of the day double the amount released by FAAC would still be borrowed from loan sharks


..

[s]

itsme01:
80% for salary and reccurent expenditures

[/s]
shut up

Bam

Which one for me

Igbosmoker:
Igbo people complain the most but what exactly do they contribute to Nigeria except drugs and disgracing Nigeria image abroad?.

I think we should grant them independence with their 5 tiny states so that their wailing will stop

This is uncalled for.

itsme01:



80% for salary political class / civil servants that got job via connection of political class and recurrent expenditures and 20% on Elephant Projects.. at the end of the day double the amount released by FAAC would still be borrowed from loan sharks


..

90% sir ,5% stolen ..5% for work ...we keep running in circles

nauto10:
Which one for me

3500

DevilhimseIf:
[s][/s]
shut up

U have a stat to prove him wrong ?

Igbosmoker:
Igbo people complain the most but what exactly do they contribute to Nigeria except drugs and disgracing Nigeria image abroad?.

I think we should grant them independence with their 5 tiny states so that their wailing will stop

Pay your house rent to your igbo landlord and don't be frustrated ..

Paying house rent to a stranger in your own land can be painful ...all men are not made equal

Igbos are naturally ahead

mrvitalis:

90% sir ,5% stolen ..5% for work ...we keep running in circles

God help us, out of 5% for work, contractors would still pay 20% kick backs in dollars

itsme01:


God help us, out of 5% for work, contractors would still pay 20% kick backs in dollars

We are left with 4%

[s]

itsme01:


God help us, out of 5% for work, contractors would still pay 20% kick backs in dollars

[/s]
shut up
stop deceiving people with fake stats

Ok

OK BUT WHAT DOES THIS NEWS HAS TO DO WITH www.9jagistbase.com Forum NOW

1bunne4lif:
Spoon fed

www.nairaland.com/attachments/2900978_nigeria_jpeg4ee84b7726a847792475badcbc938fb7



www.nairaland.com/attachments/4284749_fbimg1474050978374_jpeg39ff755f5e96523b18d624dde1a019a0

This is old news. Nairaland why. I saw this news since early last week.

itsme01:
God help us, out of 5% for work, contractors would still pay 20% kick backs in dollars

Why are you bringing Ganduje and his babanriga video into this matter?
Take ya time Oga
Did you not hear that barawo bubu, the protector of all loyal thieves, has said he does not know what technology was used by the whistle blower


www.nairaland.com/attachments/8052052_7933550img20181010173742jpeg751467abf997d0f04681694fa60a12b6_jpegddc5a13ba06b0c8f2c4f068b3fc9928a

anonimi:


Why are you bringing Ganduje and his babanriga video into this matter?
Take ya time Oga
Did you not hear that barawo bubu, the protector of all loyal thieves, has said he does not know what technology was used by the whistle blower


www.nairaland.com/attachments/8052052_7933550img20181010173742jpeg751467abf997d0f04681694fa60a12b6_jpegddc5a13ba06b0c8f2c4f068b3fc9928a

oga i no mention name oo as people don dey sue each other up and down on social media