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FAAC: FG, States, LGs Share ₦606 Billion For April - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / FAAC: FG, States, LGs Share ₦606 Billion For April (16173 Views)

FG, States, Lgs Share N740, 880bn FAAC Allocation For August / FAAC: FG, States, Lgs Share N668.89b After Deadlock / FAAC: FG, States, LGs Share N701 Billion In April (2) (3) (4)

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FAAC: FG, States, LGs Share ₦606 Billion For April by valentineuwakwe(m): 10:55pm On May 15
The Federation Accounts Allocation Committee has shared N 606. 196 billion to the three tiers of government for the month of April .
Director of Information in the Ministry of Finance , Budget and National Planning , Mr Hassan Dodo, made this known in a statement in Abuja on Friday.
Dodo said the meeting , which held by virtual , was chaired by the Permanent Secretary in the ministry, Dr Mahmoud Isa - Dutse.
He said the amount shared included Value Added Tax , Exchange Gain, Solid Mineral Revenue, Excess Bank Charges, and Excess Oil Revenue .
He explained that the Federal Government received N 169. 831 billion, the states got N86 .140 billion while the local government councils had N 66.411 billion and the oil - producing states received N 32. 895 billion as 13 per cent derivation.
The director , however, disclosed that the cost of collection of Federal Inland Revenue Service Refund and Allocation to North East Development Commission and Transfer to Excess Oil Revenue was N 15.134 billion .
“ The Gross Revenue available from the VAT for April 2020 was N 94. 495 billion as against the N 120. 268 billion distributed in the preceding month of March, resulting in a decrease of N 25. 772 billion.
“ The distribution is as follows; Federal Government got N13. 182 billion, the States received N 43. 941 billion, Local Government Councils took N 30.758 billon .
“ The distributed Statutory Revenue of N 370. 411billion received for the month was lower than the N597 .676 billion received for the previous month by N 227. 265 billion ,” he stated .
He said that Petroleum Profit Tax, Companies Income Tax, Import and Export Duties, Oil and VAT, all recorded a decrease.
source: https://punchng.com/faac-fg-states-lgs-share-n606bn-for-april/

3 Likes 2 Shares

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by SamuelAnyawu(m): 4:57am On May 16
Nigerians hold your Governors accountable. No be only Buhari be our problem grin grin.

97 Likes 9 Shares

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by rxmusa(m): 4:57am On May 16
At least salary is sure for us

10 Likes 1 Share

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Hazlett1988(m): 4:57am On May 16

1 Like

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Olubadan17: 4:58am On May 16
We dey trouble for this country ooooo

2 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Yankee101: 4:58am On May 16
A whole country sharing only (less than) 2b a month (for 200m peolple).

IGR is impared due to near zero economic activities and the curreny is devalued

Tripple wahala

13 Likes 1 Share

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by AlhajaChinyere: 4:59am On May 16
Poor wretched country!

Yet they are reproducing like rats.

36 Likes 2 Shares

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by clemmonce(m): 4:59am On May 16
Nigeria situation reminds me of Aladdin and the 40 thieves.

21 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by jayworld15(m): 4:59am On May 16
Thieves thieving the theft compromised treasury. Bleep them all

8 Likes 1 Share

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by helinues: 4:59am On May 16
Politicians favourite hobby....

Money sharing.... grin grin

16 Likes 2 Shares

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by sahsewen: 4:59am On May 16
UK used laptops up for pick up

2 Likes 2 Shares

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by miblolo(f): 4:59am On May 16
Salary secured atleast for this month

2 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by OgogoroFreak(m): 4:59am On May 16
When are Nigerians going to man up and face these people?

After sharing these billions within themselves, they asked N-power volunteers to exercise patience for their stipend. Stipend o!

11 Likes 2 Shares

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by aremed(m): 5:00am On May 16
Let them share it as usual, awon werey dede

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Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Yankee101: 5:02am On May 16
Until each state begins to behave like a different country by developing its human and material resources and generating fx, productivity and internal sufficiency, naija won't develop

38 Likes 3 Shares

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Odinvahala: 5:02am On May 16
80% will be pocketed my the high and mighty ,while the rest will be used for state project ( national cake for April) when we know the level of figure inflation

8 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by UdechiHD(m): 5:02am On May 16
The Presidential system of government we practice isn't suitable for us. It's too costly to operate. We should return back to Parliamentary system of government which loose federation.

18 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by MansoryMX(m): 5:03am On May 16
People nor dey sleep again for this country o. Nigeria’s problem be giving y’all sleepless night. Una nova see anything yet. Before 2023 go reach if this government nor put Nigeria for sale dem go dash am out to China cheesy

25 Likes 1 Share

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by fulaniHERDSman(m): 5:03am On May 16
angry
Re: FAAC: FG, States, LGs Share ₦606 Billion For April by pahoehoe: 5:05am On May 16
Why are these people telling lies like kids. They just shared the money among themselves. God, save Nigeria. Meanwhile, I am aware that you would like to be making at least N2M per plot from Ibeju Lekki estates. Right? Click on the links on my signature for details.
Re: FAAC: FG, States, LGs Share ₦606 Billion For April by galadima77(m): 5:05am On May 16
Yankee101:
A whole country sharing only (less than) 2b a month (for 200m peolple).

IGR is impared due to near zero economic activities and the curreny is devalued

Tripple wahala

You didn't add the fact that activities are still grounded with devastating effects on the economy, now and in the near future. F9

4 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Sheuns(m): 5:05am On May 16
Always sharing.
Re: FAAC: FG, States, LGs Share ₦606 Billion For April by AlhajaChinyere: 5:05am On May 16
OgogoroFreak:
When are Nigerians going to man up and face these people?

After sharing these billions within themselves, they asked N-power volunteers to exercise patience for their stipend. Stipend o!

Man up? For how much?

200m people manning up to fight over less than $2billion.

We need to stop ffking and get productive.

8 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Chicastle: 5:06am On May 16
As long as Nigeria govt can not Generate 10000MWts from the cradle, Nigeria is useless country

6 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Parcks(m): 5:06am On May 16
If only 10% of that money can be used for something innovative. But I doubt.

2 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by DirtyGold: 5:07am On May 16
Let them continue sharing grin

From where I stand, I'm sorry to report that hope looks bleak

What's tha business?

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by RuudVanNisteroy: 5:07am On May 16
Sharing money since 1960 with nothing to show for it, but billionaire politicians and generals.

8 Likes

Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Adiola(f): 5:07am On May 16
cool
Re: FAAC: FG, States, LGs Share ₦606 Billion For April by Aflix(m): 5:08am On May 16
.
Re: FAAC: FG, States, LGs Share ₦606 Billion For April by sodiqapril(m): 5:08am On May 16
Loot
Re: FAAC: FG, States, LGs Share ₦606 Billion For April by dalongjnr: 5:08am On May 16
Ahh.. No condition is permanent. This one will also pass,abi how u see am?

1 Like 1 Share

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