The Federal Accounts Allocation Committee (FAAC) distributed N675.946 billion from the federation account to the Federal, States, and Local Government Councils on Friday.
This is an N4.036 billion or 0.6 percent increase over the N671.910 billion shared last month for the month of October.

This disclosure was made in a statement issued on Saturday in Abuja by Mr Olajide Oshundun, Acting Director, Information, Federal Ministry of Finance, Budget, and National Planning.

According to Oshundun, the total distributable revenue of N675.946 billion included distributable statutory revenue of N488.674 billion, distributable Value Added Tax (VAT) revenue of N182.678 billion, Exchange Gain of N4.156 billion, and recovered excess bank charges of N0.438 billion.

According to NAN, he stated that the Federal Government received N261.441 billion of the total distributable revenue, while states and local councils received N210.046 billion and N155.456 billion, respectively.

An additional sum of N49.003 was distributed to the relevant oil-producing states as 13 percent derivation revenue, while VAT revenue collected in November was N196.175 billion, up from N166.284 billion in October, representing a N29.891 billion increase.

According to Oshundun, the Federal Government received N27.402 billion from VAT revenue, while states and local councils received N91.339 billion and N63.937 billion, respectively.

The cost of revenue collection for the Federal Inland Revenue Service, the Nigerian Customs Service, and the Nigerian Upstream Petroleum Regulatory Commission was N7.847 billion, which was deducted from the N196.175 billion gross VAT revenue, while the North East Development Commission project received N5.650 billion.

He stated that the statutory revenue of N643.481 billion distributed in November was N235.617 billion higher than the N407.864 billion received in October, from which the Federal Government received N231.863 billion.

He explained that states received N117.604 billion, local councils received N90.668 billion, derivation (13 percent mineral revenue) received N48.540 billion, collection cost N23.110 billion, and transfers and refunds received N131.258 billion.

He also stated that in November, VAT, Petroleum Profit Tax, oil and gas royalties, and Companies Income Tax increased significantly, while Import and Excise Duties increased marginally.

According to Oshundun, the revenue allocation was made at a virtual Federation Accounts Allocation Committee meeting presided over by the ministry’s Permanent Secretary, Mr Aliyu Ahmed.

SOURCE:https://brandspurng.com/2021/12/19/allocation-increases-in-november-as-the-fg-states-and-lgs-share-n675-9-billion/

Primitive system of government
gather,share and loot

Enough to steal this festive season

Feeding bottle system of government with allocations that hardly get down to the grassroots ....

audio revenue!

Because of the less than 0.001% that share or benefitted unlawfully from this fund is the reason Nigeria is like this yet the blind followers will keep fighting for them.

Massive cash out, the looting continues

H

K

J

Thank you so much our respected president, we would vote for anyone you ask us to vote in 2023

No direction government

This ppl again

I want to particularly see the share of I'm state after recovering her oil wells from Rivers State

Can there be an explanation of how it was shared?

What exactly are the state governors doin with this money?

Nigerians shifted all their energy on presidency while overlooking those who are more closer to us.

Top Zoo govt officials in this Christmas will be like "Enough to loot me and my families " in this festive season! See them dancing .The money came in just in time!

Lfg.....



Those who want anarchy are the laziest meat head of a society!!!

Hammyaladin:
Lfg.....



Those who want anarchy are the laziest meat head of a society!!!

You must be referring to that albino Secessionist in DSS captivity?

NGArmyTerrorist:
Top Zoo govt officials in this Christmas will be like "Enough to loot me and my families " in this festive season! See them dancing .The money came in just in time!

I believe you are probably referring to your state Governor & Government?

favor914:
I believe you are probably referring to your state Governor & Government?

Both from federal and State, they had nothing to offer to the reasonable citizens; they're all thieves. I don't support them, they're all oppressing my people. Collecting taxes from my people and giving them no amenities in return.

favor914:
You must be referring to that albino Secessionist in DSS captivity?

lol. And those who cook Egusi soup with human meat!!

WHERE ARE THE CHILDREN OF HATE THAT ARE SHOUTING NO DECEMBER SALARIES

Wetin concern me, i no fit see 1m there

That devil called Ortom, who wakes up everyday to shade the FG, whom the Igbos love so much, is yet to pay Benue civil servants OCTOBER salary, in addition to the five months he's been owing. This is a man who claims to worship God more than anyone else. Few days to Christmas, this is the situation in Benue.

That is how wicked Ortom is, but you'd see idiots here who know not what Benue people are going though, hail him to high heavens.