₦airaland Forum

FG, States, Councils share N720.880 Billion In August

The Federal Government, 36 States and 774 Local Government Councils shared a total of N720.880 billion for the month of August 2019.

This was disclosed at the monthly meeting of Federation Accounts Allocation Committee (FAAC) on Thursday,

The N720.880 billion comprised revenue from Value Added Tax (VAT), exchange Gain and gross statutory revenue.

The gross statutory revenue for the month of August 2019 was N631.796 billion. It was lower than the N674.365 billion received in the previous month by N42.569 billion.

Revenue from Value Added Tax (VAT) was N88.082 billion as against N94.159 billion in the previous month, resulting in a decrease of N6.077 billion.

Exchange Gain yielded a total revenue of N1.002 billion.

A communique issued by the Federation Account Allocation Committee (FAAC) indicated that from the total revenue of N720.880 billion, the Federal Government received N301.804 billion, the States received N188.925 billion, and the Local Government Councils received N142.654 billion.

The Oil Producing States received N43.513 billion as 13% derivation revenue and the Revenue Generating Agencies received N43.984 billion as cost of revenue collection. In addition, the meeting agreed to share N20 billion from Forex Equalization fund.

A breakdown of the distribution showed that from the gross statutory revenue of N631.796 billion, the Federal Government received N288.638 billion, the States received N146.401 billion, the Local Government Councils received N112.869 billion, the Oil Producing States received N43.426 billion as 13% derivation revenue and the Revenue Collecting Agencies received N40.461billion as cost of collection.

From the Value Added Tax (VAT) revenue of N88.082 billion, the Federal Government received N12.684 billion, the States received N42.280 billion, the Local Government Councils received N29.596 billion and the Revenue Generating Agencies received N3.523 billion.

The communiqué stated that for the month of August 2019, revenues from Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) recorded significant increases while Royalties, Import and Excise Duties and Value Added Tax (VAT) decreased substantially.

However, the N20 billion naira from forex Equalization fund will be added to the N720.880 billion and share accordingly and will bring the Gross to N740,880

The balance in the Excess Crude Account is $328.122 million as at 19th September 2019.

https://punchng.com/fg-states-lgs-share-n769-523bn-for-july/amp/

sam1980000:
Wow. How fast. Alerts could start flying in by next friday

Dats if wike decides to follow normal allocation window of five working days..

avalontony:
Guys, please how do I resolve *no service* issue on my redmi note 5a prime?, the two sim port have been displaying no service since morning. But when I insert the sim on a different device, it picks.

Thanks.

this same problem is what am facing since 17th july(suddenly "No service" just appear on the two sim slots)..the phone recognises it but does nt pick up a service, even after rebooting and factory setting..i think its a problem of this particular model cos you are the second person complaining within last week..

mela82:
Please teachers that are trained for the Evidence action (de worming exercise).
Have you receive your alert ?

If you receive please comment let know how far......

alert for the de-worming comes after 1-2months oooo...and d tin no pass #3k or #3,500

Union Bank seen...June....

2ruconfidence:
SPECIAL GOVERNMENT ANNOUNCEMENT

NOTICE IS HEREBY GIVEN THAT HIS EXCELLENCY, THE EXECUTIVE GOVERNOR OF RIVERS STATE, BARR. EZENWO NYESOM WIKE, CON, GSSRS, WILL HOLD A CRUCIAL MEETING WITH ALL:

MDAS, BOARD OF SENIOR SECONDARY SCHOOLS, BOARD OF UBEB, ALL PRINCIPALS OF SENIOR & JUNIOR SECONDARY SCHOOLS, HEAD TEACHERS OF PRIMARY SCHOOLS, BOARD OF RIVERS STATE INTERNAL REVENUE, ALL REVENUE GENERATING AGENCIES AND SPECIAL ADVISER ON ICT.

DATE: MONDAY, 24TH JUNE, 2019
TIME: 11:00 AM
VENUE: BANQUET HALL, GOVERNMENT HOUSE.
ALL CONCERNED ARE REQUESTED TO BE SEATED BY 10:30 AM.

SIGNED
DR. TAMMY WENIKE DANAGOGO
SECRETARY TO THE STATE GOVERNMENT.

21/06/2019

I smell another biometrics oooo

Shuku0kukobambi:
Make una save me from this guy o!! Are we talking of 2007 when Amaechi was in Ghana or 2015 when Wike invaded Rivers State with federal might to dislodge Amaechi and APC?

Once again, shut up as you're totally not in tandem with the discussion on this thread

Chai Bros...I jus read most of Ur response and discussions..e be like say make i carry you go king perekule street go flex.....you be real pitakwa boy....don't mind most of those countering you...dey have Neva stayed in PH or even rivers state before to see the havoc thugs sponsored by wike unleash on rivers people..most of the major towns like PH,eleme,Oyigbo,Bori in rivers state..you just can't stay so late at night outside your house,,you might get shot at,stabbed,robbed,kidnapped or even taken for an opposing cult member....but during amaechi's time it was Neva like dis...

Union bank alert received..Khana lga

Apraise:
He will not,I know him quite well,he much richer than his master as you will call him,Tonye Cole is a gentle man and a man of his word,giving him a chance will serve us well.

I agree vehemently...

Union alert..december..Khana..no kobo added ooooo..na wa

emekatex:
Hello Honourable colleagues. Who knows when we are to receive December salary. This year before xmass or next year? Thanks.

I heard between 19th - 21st...hopefully

Union bank alert...Khana LGA..no addition

gold360:
Alerts have been sent to peeps that did the deworming exercise oh but nobody hear una voice, if na complain now, una go carry am for heads. Lols

How much dem pay....

Union bank..alert..Khana UBE.....

kingsjeroneyah:
Nlc srike updates??
Situational report

In Khana LGA..no school except private schools...and some bank staff go work..

Unionbank alert..August..khana

Union bank.alert received...Khana UBE..

001bumsa:
July salary alert. Zenith ube

.
Finally...what so many people are waiting for...lol

Union bank alert received...Khana ube

Please has anyone collected the confirmation letter(ube)..what is d procedure/requirement...

If you use union bank and you ve not seen alert check ur app or mobile prompt balance.. I jus did i and I saw my salary..union bank ,khana December paid..no addition yet

TheWatchDog:
U GO KILL ME WITH LAUGH OO....DON'T WORRY U WILL BE PAID BY WEDNESDAY. SALARY HAS BEEN SENT TO ZENITH TODAY.

I jus confirmed ur info...its genuine..salary wud start dropping dis evening Tuesday/ Wednesday

HOW WIKE BOUGHT PDP:
• Spends 15.5billion naira to finance Secondus, PDP Convention
• Reminds PDP stakeholders that he paid 7billion naira to secure judgment for Makarfi
• Gave 6 Govs 1B Naira each to support Secondus
• Paid Makarfi 2.5B cash & Contracts
• Paid 3 members of PDP CTC 500m
• Paid each party chairman 5m
• Each delegate to get $10,000 to vote Secondus

Indications have emerged that Governor Nyesom Wike may likely have his candidate, Uche Secondus installed as PDP National Chairman at the party's convention scheduled for tomorrow Saturday 9th December.

Reports show that the Governor has spent a minimum sum of 15b naira to sponsor the convention. The Governor is also reported to have bought up almost everybody of influence in the PDP.
The recent outbursts of former military President Ibrahim Babangida, Chief Bode George, Ebenezer Babatope and other stakeholders especially from the South West against the PDP National Caretaker Committee Chairman, Sen.Ahmed Makarfi is connected to the fact that Gov. Wike is single handedly funding the Convention with a whopping 15.5b naira. This is aside the offers he made influential members of the party including its National Caretaker Committee Chairman, Sen. Ahmed Makarfi who recently picked up 2.5b naira cash and a multi billion naira contract alongside 3 other important members of the Committee who also got at least 500m each from the Rivers Governor.

The Governor was also said to have reminded the party stakeholders how he spent over 7billion naira in securing judgment for the Sen. Makarfi faction of the party against Sen.Modu Sheriff at the Supreme Court.

To show his seriousness in securing the party's top post, Governor Wike is reported to have given each Northern PDP State Chairman 5m naira each and has budgeted $10,000 for each delegate who votes his candidate, Uche Secondus.

The Governor, who is derisively referred to as The Port Harcourt ATM by party top stakeholders on account of his huge financial inducement is leaving no stone un-turned in acquiring the PDP ahead of the 2019 general elections.

The Governor had earlier promised to support Atiku Abubakar's Presidential ambition but later appeared to be backing down on the promise, prompting a surprising visit from former President Goodluck Jonathan who is one of Atiku's strongest backers.

Governor Wike has a reputation of heavy financial inducements, his name had cropped up at every bribery saga since 2015. He was caught on tape compromising and threatening INEC officials who were in the state to conduct the several re-run elections held recently.

Meanwhile back home in Rivers State, the government is owing a lot of backlog in arrears and pensions including over 24 and 7months owed staff of Rivers State Sustainable Dev.Agency and GPH Agency respectively. The Governor is also known for embarking on low-value projects spiced up with massive media coverage.

As it stands now, it will take a miracle for anybody in the party to meet Wike's huge financial war chest.

VOLUNTEER NEWS REPORTS.

Secondus has to loose ooo...

Wike.....I don't know why anytime he wants to do any major event(hosting beauty pageant, purchase of cars,hosting wrestling ,PDP convention attendance)na workers salary dey suffer..not project contract....2018 salary payment fit no dey regular cos of electioneering campaign..God please touch his heart...

Alert received..union bank..ube..khana lga

Alert received union bank....Feb...khana ube

MMM is back ijus got paid...hahahaha

emekatex:
Merry Xmass to everyone in the house. Is like four banks are yet to do d needful for d completion of july salary arrears. They are almighty Zenith Bank, Union Bank, Fidelity Bank and d laziest Bank award winner 2016, UNITY Bank.

[quote author=emekatex post[quote author=emekatex post=522356
Unionbank don pay July oooo...khana ube

Union 1 month alert for June...khana LGA UBE

dmercy141983:
When I said we should vote in APC some persons kicked against it no knowing that it will be good for rivers people because it is clear that wike is wicked to civil servants especially teachers... Now that Magnus Abe of the APC has won wike will have no choice but to sit up now... Nonsense man pay us our arrears and salaries joorh idiot !

I support you 100%...I said the chicken has cum home to roost....Wike will definitely sit up NOW....2019 is not sure for him....

APC all the way