Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,584 members, 7,958,811 topics. Date: Thursday, 26 September 2024 at 02:22 AM |
Nairaland Forum / Nairaland / General / Politics / FG, States, Lgs Share N714.8 Billion For July (8428 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 N714.8 Billion For July by metronaija: 7:21am On Aug 31, 2018 |
Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July, the News Agency of Nigeria (NAN) reports. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly Federation Account Allocation Committee (FAAC) meeting, highlighted several factors that impacted negatively on the month’s income. “Crude oil exports sales volume was 3.74 million barrels showing an increase of 0.17 million barrels when compared with the previous month sales of 3.57 million barrels. “Despite the improved revenue, production was negatively affected in the period by shut-ins and shut-down at various terminals for repairs and maintenance of ageing facilities. “The value Added Tax (VAT), import duty, Companies Income Tax (CIT) and Oil Royalty decreased, while Petroleum Profit Tax recorded an increase,” she said. Adeosun, giving a breakdown of the revenue generated, said that N376.14 billion was generated as mineral revenue, while N221.8 billion came from non-mineral resources. To this end, the minister said that Federal Government received N269.8 billion, states N136.85 billion and local government N105.5 billion. She said that N44.96 billion was also shared among the oil producing states, representing 13 per cent of the oil revenue generated in the month of July. Adeosun said the equivalent of N25 million was transferred into the Excess Crude Account (ECA), adding that the balance in the ECA account was 2.31 billion dollars. The minister also gave an update on the review of the revenue reporting template between the NNPC and the FAAC as directed by President Muhammadu Buhari. She announced that the reporting template would be ready before the next FAAC meeting in September. It will be recalled that President Muhammadu Buhari ordered the review of the revenue reporting template between the NNPC and the FAAC as a lasting solution for the frequent disagreements between the two parties over revenue collections. http://www.metronaija.ng/fg-states-lgs-share-n714-8-billion-for-july/ 2 Likes 2 Shares |
Re: FG, States, Lgs Share N714.8 Billion For July by DECENCY3: 7:26am On Aug 31, 2018 |
Salary is sure 2 Likes |
Re: FG, States, Lgs Share N714.8 Billion For July by blackpanda: 7:28am On Aug 31, 2018 |
Abeg make dem pay oooo 2 Likes |
Re: FG, States, Lgs Share N714.8 Billion For July by Nobody: 7:38am On Aug 31, 2018 |
There is love in sharing.. I hope some reaches my acct 2 Likes |
Re: FG, States, Lgs Share N714.8 Billion For July by Blakjewelry(m): 7:41am On Aug 31, 2018 |
later they will still complain of no money in the system 2 Likes |
Re: FG, States, Lgs Share N714.8 Billion For July by tos4u(m): 7:47am On Aug 31, 2018 |
Always sharing money but no tangible effect every month. Yimu 4 Likes |
Re: FG, States, Lgs Share N714.8 Billion For July by buharitill2023: 7:48am On Aug 31, 2018 |
Hmm too much money, Buhari is really working. 2 Likes |
Re: FG, States, Lgs Share N714.8 Billion For July by rottennaija(m): 8:02am On Aug 31, 2018 |
tos4u: Development takes time to achieve, if it is done. Destruction is instant, happens within a twinkle of an eye 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by tuwecijafe: 11:14am On Aug 31, 2018 |
oboi see money 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by iyanumiv(m): 11:15am On Aug 31, 2018 |
Abeg make den sell this country and gimme my own share... 2 Likes |
Re: FG, States, Lgs Share N714.8 Billion For July by Segunade10: 11:15am On Aug 31, 2018 |
Ok |
Re: FG, States, Lgs Share N714.8 Billion For July by Emperorempower(m): 11:16am On Aug 31, 2018 |
See girls striping in the name of dancing This is sexy and funny thoghu https://www.nairaland.com/4706165/mperotv-sexy-hilarious-videos |
Re: FG, States, Lgs Share N714.8 Billion For July by Blackfire(m): 11:16am On Aug 31, 2018 |
Sharing money like agbero... This is the problem 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by NCANTaskForce: 11:16am On Aug 31, 2018 |
Yet, Gburugburu won't leave people's lands alone
|
Re: FG, States, Lgs Share N714.8 Billion For July by MrHighSea: 11:17am On Aug 31, 2018 |
Big figures. Yet lotta peeps live below the poverty line. 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by Sammy07: 11:18am On Aug 31, 2018 |
I hope, they use it wisely... |
Re: FG, States, Lgs Share N714.8 Billion For July by DonMoga(m): 11:18am On Aug 31, 2018 |
YET THE MONEY WONT REACH THE MASSES. GHANA WE ARE COMING!!! 1 Like
|
Re: FG, States, Lgs Share N714.8 Billion For July by thesicilian: 11:19am On Aug 31, 2018 |
Blackfire:Most of them are agberos. |
Re: FG, States, Lgs Share N714.8 Billion For July by omoalayo(m): 11:19am On Aug 31, 2018 |
So dem still dey share this money... after them talk say Jona spend Money wey suppose dey treasury... 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by jamesbridget13(f): 11:20am On Aug 31, 2018 |
They are just sharing. What were they doing last week? Now i have to wait till next week for Gov wike to show working. I dey vex |
Re: FG, States, Lgs Share N714.8 Billion For July by sotall(m): 11:20am On Aug 31, 2018 |
Govt of sharing.. .. That's why this country cannot move forward. Why do I need to work as a state in Nigeria when money is coming from the Federal government? Keep promoting laziness untill the country collapse economically |
Re: FG, States, Lgs Share N714.8 Billion For July by SirLakes: 11:22am On Aug 31, 2018 |
iyanumiv: Seconded lol 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by olas24u(f): 11:23am On Aug 31, 2018 |
rottennaija: Sharing money is rubbish and deliberately creating more poverty. |
Re: FG, States, Lgs Share N714.8 Billion For July by sureheaven(m): 11:23am On Aug 31, 2018 |
Yet some governors won’t still pay salaries. While some states that have nothing with their IGR not up to 300m monthly who are benefitting heavily from this share formula will be shouting restructuring. 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by mrvitalis(m): 11:25am On Aug 31, 2018 |
I remember the minister of finance saying once revenues reach 500bn no state should have an excuse to owe salaries But what's happening 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by HazzanTazzan(m): 11:41am On Aug 31, 2018 |
Continue sharing |
Re: FG, States, Lgs Share N714.8 Billion For July by Temptee101(m): 11:47am On Aug 31, 2018 |
Useless country As usual food has landed for our elected, appointed, past and present thieves |
Re: FG, States, Lgs Share N714.8 Billion For July by Cajal(m): 11:49am On Aug 31, 2018 |
DECENCY3:...u head dey there..sir That was my first response 1 Like |
Re: FG, States, Lgs Share N714.8 Billion For July by bitterT(m): 11:51am On Aug 31, 2018 |
Good ! Salaries should be dropping henceforth. |
What My Government Will Do If I’m Elected As President – Ezekwesili / Olamilekan Adegbite: Nigeria Has Enough Minerals To Power Electric Cars / SERAP Writes archbishop Of Canterbury, Seeks His Intervention On Sowore’s Case
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 22 |