Federal, states and local government councils on Friday shared N681.33billion as revenue allocation for March.

The Federation Accounts Allocation Committee (FAAC) disclosed this in a communiqué issued at the end of its meeting in Abuja.

According to the committee, N154billion was transferred to the non-oil revenue savings while the balance in the Excess Crude Account (ECA) was $72.413 million.

The gross statutory revenue for the month was N466.687billion, Value Added Tax (VAT) revenue was N181.712billion and Exchange Gain was N2.931billion.

The sum of N30billion was added as augmentation, bringing the total distributable revenue to N681.33billion.

Read more here... https://gladtune.com/2021/04/24/fg-states-lgas-share-n681-3bn-for-march/

Feeding bottle federalism can't take us anywhere

IPPIS waiting to cut their share from what will be deposited into their account.....



The State Governors waiting to embezzle the allocation and forward them to their children schooling outside the country...



Politicians waiting to collect their kickbacks and backdoor contract balance to start inferior construction of bad roads that will be destroyed by the next rain....

About $1.2billion is what 200million people are to spend on expenditures in a month! That's about $15billion a year! And we keep wondering why Nigeria isn't progressing?
Countries with far less population are earning and spending much more than this contraption called Nigeria. Brains that could have been useful for the progress of Nigeria are either overseas, into internet fraud, unemployed or underemployed!
F*ck!
Quota system has knelt on Nigeria's neck and now she's almost dead