Yankee101:
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

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/

SamuelAnyawu:
Nigerians hold your Governors accountable. No be only Buhari be our problem .

Yankee101:
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

AlhajaChinyere:


Man up? For how much?

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

We need to stop ffking and get productive.

AreaFada2:
Until we admit to ourselves that we are a poor country, we cannot get anywhere.

Even if we produced and sold 6 million barrels a day, we would still be very poor. As it's 70% our income source. Under 150 to 200 trillion Naira budget is inadequate. Comprehensive health care, Education, infrastructure (roads, water, electricity, railway, etc), welfare system, housing, Agric subsidy, recurrent expenditure/civil service, science & tech, defense, law enforcement/security, judiciary, political institutions, etc.

We should mellow and eat humble pie. Beginning with family planning/birth/population control. Otherwise we will just be producing more criminals and street urchins.

PrecisionFx:


Population is not the problem. China is over 1.3 billion pple n they are doing well.

Besides Nigeria's real population is around 100 million.

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!

UdechiHD:
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.

rxmusa:
At least salary is sure for us

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

miblolo:
Salary secured atleast for this month

AreaFada2:

China introduced one child policy almost 50 years ago to damp population growth. While using that time to plan. Yet China still has many rural poor. Imagine if they were 2.6 to 3 billion.

Population always matters in developing countries. Even most developed countries, despite their low birth rate, still try to control population by preventing immigrants aside those with high skills.

Even if our population is 80 million, we are clearly still not able to provide for them. No roads, no light, classrooms bursting at the seams, high unemployment, 70% poverty.

galadima77:


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

galadima77:


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

Kobicove:
States need to start looking for alternative sources of revenue because FAAC allocation will soon start declining die to fall in price of oil

PrecisionFx:



We need resource control to be productive

Kollysman1:


na him be sey your papa and mama na rat and female rat ooo

omo osan to nko gbongbo bo iya re

Kollysman1:


na him be sey your papa and mama na rat and female rat ooo

omo osan to nko gbongbo bo iya re

PrecisionFx:



"Even most developed countries, despite their low birth rate, still try to control population by preventing immigrants aside those with high skills"

False.
The most developed countries that enforced low birth rate have been looking for foreigners to power their work force. Germany for instance has been bringing in migrants in massive millions from the middle east for the past 2 decades.


""we are clearly still not able to provide for them""

We are clearly not able to provide for 80 million people because Nigeria is a hopeless zoo nation. How can a nation of 80 million people generate only 2billion dollars in 1 month n budget 25 billion dollars in one year (25 billion dollars is less than south Africans education sector budget).

Population has never hamted development in any nation on earth, dont ever make that excuse

PrecisionFx:



We need resource control to be productive

AreaFada2:
Until we admit to ourselves that we are a poor country, we cannot get anywhere.

Even if we produced and sold 6 million barrels a day, we would still be very poor. As it's 70% our income source. Under 150 to 200 trillion Naira budget is inadequate. Comprehensive health care, Education, infrastructure (roads, water, electricity, railway, etc), welfare system, housing, Agric subsidy, recurrent expenditure/civil service, science & tech, defense, law enforcement/security, judiciary, political institutions, etc.

We should mellow and eat humble pie. Beginning with family planning/birth/population control. Otherwise we will just be producing more criminals and street urchins.

AreaFada2:
Until we admit to ourselves that we are a poor country, we cannot get anywhere.

Even if we produced and sold 6 million barrels a day, we would still be very poor. As it's 70% our income source. Under 150 to 200 trillion Naira budget is inadequate. Comprehensive health care, Education, infrastructure (roads, water, electricity, railway, etc), welfare system, housing, Agric subsidy, recurrent expenditure/civil service, science & tech, defense, law enforcement/security, judiciary, political institutions, etc.

We should mellow and eat humble pie. Beginning with family planning/birth/population control. Otherwise we will just be producing more criminals and street urchins.

BigJoe19:
You're blessed, you are the first nairalander I have seen that reason well, Nigeria is a poor country but ignorant Nigerians would say Nigeria is rich.

RuudVanNisteroy:

Nigeria has the richest former and current leaders in the world. All the Nigeria's wealth is in the hands of it's leaders.