Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,160 members, 7,849,595 topics. Date: Tuesday, 04 June 2024 at 04:46 AM |
Nairaland Forum / Gbemmytop's Profile / Gbemmytop's Posts
NYSC / Re: Ekiti A'16 Plsss by gbemmytop(m): 7:38am On Apr 25, 2016 |
Meeloreh:Ekiti is a very nice state seriously(peaceful and friendly people); except the Governor part you mentioned... #smiles |
Politics / Re: FAAC: FG, States, Lgs Share N389.9bn As Revenue For September by gbemmytop(m): 4:18am On Oct 29, 2015 |
scofieldsimba:the implication is that most of the States won't pay September or October salary 2 Likes |
Politics / Re: FAAC: FG, States, Lgs Share N389.9bn As Revenue For September by gbemmytop(m): 4:13am On Oct 29, 2015 |
resty4:seriously |
Politics / FAAC: FG, States, Lgs Share N389.9bn As Revenue For September by gbemmytop(m): 10:29pm On Oct 28, 2015 |
FAAC: FG, states, LGs share N389.9bn as revenue for
September
NAN-HE-20 FG, states, LGs share N389.9bn as revenue for
September
FAAC
Abuja, Oct. 28, 2015 (NAN) The Permanent Secretary,
Ministry of Finance, Mrs Anastasia Nwaobia, on
Wednesday said that N389.9 billion was shared among
the federal, states and local governments as revenue for
September 2015.
Nwaobia announced this in Abuja when she addressed
newsmen on the outcome of the Federation Accounts
Allocation Committee (FAAC) meeting.
She said that the shared amount comprised the
month's net statutory revenue of N321.9 billion.
"Also, there is the exchange gain of N5.2 billion which is
proposed for distribution.
"Therefore the total revenue distributable for the month
of August, including VAT of N56.3 billion, is N389.9
billion," she said.
Nwaobia said N6.3 billion was refunded to the
federation by Nigerian National Petroleum Corporation
(NNPC) and was also proposed for sharing.
The News Agency of Nigeria (NAN) recalled that N422.6
billion was shared to the three tiers of government as
revenue for the preceding month.
This shows a difference of N52.6 billion between the
two months.
Giving the breakdown of revenue among the three tiers,
Nwaobia said the Federal Government received N151.3
billion, representing 52.68 per cent; states, N76.8 billion,
representing 26.72 per cent.
The local governments received N59.1 billion, amounting
to 20.60 per cent of the amount distributed.
Nwaobia announced that N27.5 billion, representing 13
per cent derivation revenue was shared among the oil
producing states.
On VAT, She said that the N62.1 billion collected for the
month showed a decrease of N12.7 billion from the
preceding month.
She said that the country generated N213.1 billion as
mineral revenue and N108.8 billion as non-mineral
revenue.
This shows a decrease of N2.8 billion and N44.2 billion
from what the country generated as mineral and non-
mineral revenue in the preceding month.
She puts the balance in the Excess Crude Account as at
Wednesday, at 2.25 billion dollars, which showed that
nothing had been removed or added to it since July.
Nwaobia lamented over the low revenue generation for
the month, while explaining reasons for it.
"Revenue from crude oil and gas export was negatively
impacted in August 2015 to shut down and shut in of
production for maintenance at different periods and
terminals during the month.
" There was revenue loss of 32 million dollars as a
result of drop in average price of crude oil from 56.7
dollars in July to 47.3 dollars in August 2015.
"The current revenue challenge was further worsened
with a decline of over N44 billion in non oil revenue
collections," she said.
On states bailout, Nwaobia said that it was not meant
to solve all states’ problems but to give them some
relief, to enable them to settle the salaries of their
workers.
"On the issue of the revenue dropping, I think we are
worried about it. If we say we are not worried about it
we will be lying.
"However, it is not an issue that is restricted to this
country. Almost all economies of the world are facing
difficulties. It is how you manage your situation that
matters.
"Government is aware of these challenges and reforms
are being undertaken and the impact of these reforms
doesn’t come as quickly as we expect but with time
they will begin to manifest.
"We are looking at the mining sector and agriculture to
see the impact of various inputs that have been put into
the sector.
``We are indeed worried but we are working it out and
we will soon begin to see results," she said.
Nwaobia said that the Federal Government had raised
capital votes for two quarters.
She said for the first quarter, almost all the MDAs had
received their capital votes. (NAN) |
Jobs/Vacancies / Re: An Accounting Student In Need Of I.T Placement by gbemmytop(m): 4:20pm On Oct 09, 2015 |
Bsmiles49:... msg me later in d day; evening preferably.#cares |
Jobs/Vacancies / Re: An Accounting Student In Need Of I.T Placement by gbemmytop(m): 5:44am On Oct 09, 2015 |
have you seen any firm to attach yourself? |
Romance / Re: Nairaland Post-your-best-pics-of-you Season3 (independence Version15.0) by gbemmytop(m): 5:42am On Oct 09, 2015 |
Bsmiles49:kk... |
Romance / Re: Nairaland Post-your-best-pics-of-you Season3 (independence Version15.0) by gbemmytop(m): 3:09am On Oct 08, 2015 |
Bsmiles49:nice pictures dearie... buh d first pic seems different to the other two; why? |
Phones / Re: Infinix zero discussion thread! by gbemmytop(m): 6:01pm On Aug 10, 2015 |
pls my infinix raçebolt Q screen isn't working properly; half of the screen is working perfectly while the other half isnt responsive to touch!! pls wots probs wif the fone, nd hw much do i need to fix it |
Politics / Re: Ortom: Portrait Of APC Governor Selected On Fraud by gbemmytop(m): 4:18pm On Jun 02, 2015 |
i hear.... |
Jobs/Vacancies / Re: If It Were You, What Would Be Your Reaction? (must see photo) by gbemmytop(m): 7:56am On May 23, 2015 |
naijainfogalery:use d appointment letter to buy akara for d MD.#lobatan 1 Like |
Dating And Meet-up Zone / Re: Old And New Members Of Nairaland, Introduce Yourselves And Have Fun. by gbemmytop(m): 10:03pm On May 06, 2015 |
Oluwagbemiro, a chemical scientist. |
Dating And Meet-up Zone / Re: Old And New Members Of Nairaland, Introduce Yourselves And Have Fun. by gbemmytop(m): 10:00pm On May 06, 2015 |
Bsmiles49:maybe we can organize that..#smiles |
European Football (EPL, UEFA, La Liga) / Re: Manchester United Vs West Brom (0 - 1) On 2nd May 2015 by gbemmytop(m): 5:21pm On May 02, 2015 |
spread mat... All i want is 3points |
Politics / Re: Fashola Rewards Gallant Female Police Officer, Mercy John (pics) by gbemmytop(m): 5:52am On Apr 15, 2015 |
Ahmed0336:Serious beating awaits you bro!!! |
Politics / Re: 2015 State Governorship Election Monitoring Thread by gbemmytop(m): 10:45pm On Apr 11, 2015 |
#LagosDecides : In the 1,754 Polling units declared so far in d guber race, result stands @; APC = 148,563, PDP = 109,900. www.naij.com/419322-unofficial-results-of-2015-governorship-election-in-south-west-north-central.html 3 Likes |
Jobs/Vacancies / Re: Nigeria Immigration Service 2015 Recruitment Invitation For Aptitude Test by gbemmytop(m): 11:01pm On Apr 03, 2015 |
Augustbreak:pls, help wit mine. Name: Babayemi Oluwagbemiro..... Ekiti state. NIS-000000620811 |
Politics / Re: The Remaining States That Will Decide The Winner Of The Presidential Election by gbemmytop(m): 6:50am On Mar 31, 2015 |
Caleboha:Boss; i believe d result is point on for Baba. But i av to draw ur attention to imo nd plateau states. The official result announced by inec in plateau was Pdp 549k+ nd Apc 429k+; same goes for imo you av to interchange d result for both parties, 133k for Apc and 559k Pdp... #Teamchange |
Politics / Re: 2015 Elections - Share Your Experience @ Your Polling Unit Here by gbemmytop(m): 11:53pm On Mar 28, 2015 |
olassy239:Dts good dearie |
Politics / Re: 2015 Elections - Share Your Experience @ Your Polling Unit Here by gbemmytop(m): 10:49pm On Mar 28, 2015 |
olassy239:which side of iworoko r u reporting 4rm |
Politics / Re: Bishop Oyedepo Said He Will Open The Gates Of Hell On Whoever Opposes GEJ. by gbemmytop(m): 6:30pm On Jan 25, 2015 |
Justbright:this man lost his credibility a very long time ago#Sorry |
Politics / Re: PDP Governors Panic Over Buhari - Daily Sun by gbemmytop(m): 10:23am On Jan 25, 2015 |
lilbabyak:You gat me smiling |
Romance / Re: 6 Things Girls Notice In Guys by gbemmytop(m): 5:15am On Jan 25, 2015 |
i c |
Politics / Re: APC Presidential Rally In Ekiti: Live Updates by gbemmytop(m): 10:32pm On Jan 24, 2015 |
maestroferddi:Seems u r still using one of d ancient black nd white Tv? maestroferddi:Seems u r still using one of d ancient black nd white Tv? maestroferddi:Seems u r still using one of d ancient black nd white Tv? |
Politics / Re: APC Presidential Rally In Ekiti: Live Updates by gbemmytop(m): 2:55pm On Jan 24, 2015 |
shegsky:Says who i don't think you reside in d state thou. the coming election isn't abt parties buh, the personalities involve... get your facts rite boss!!! 2 Likes |
Politics / Re: Even Jonathan Did Not Finish His Phd Program..... Obasanjo by gbemmytop(m): 10:04pm On Jan 22, 2015 |
naijagists.com/obasanjo-defends-buhari-certificate-says-jonathan-lied-about-phd-i-see-buhari-as-next-president/ |
Politics / Even Jonathan Did Not Finish His Phd Program..... Obasanjo by gbemmytop(m): 10:02pm On Jan 22, 2015 |
In his own words: “The truth of the matter is that Jonathan is aware that Buhari is qualified to contest for President Election but some hawks with Jonathan, do not want him to contest Because they believed that he will win and come for them. The issue came up in 2007, and we investigated and found out that his WASEC is with the military and that was why he was allowed to contest in 2007. Buhari cannot listen to anyone about his certificates because as a General of Nigeria Army,he will speak when he chooses, not by Femi Fani Kayode and Okupe asking him. Fayose and other corrupt People including Kashamu do not want Buhari because of his anti-corruption slogan. Even Jonathan did not finish his PhD course but when it was presented we stated that, it does not matter but many people do not know because it was PDP thing. I see Buhari as the next President and Jonathan is aware of that, and that is the reason they are hitting him everywhere to put confusion in his camp. But a General is always a General….” |
Politics / Re: Obafemi Martins Endorses APC (Photos) by gbemmytop(m): 2:40pm On Jan 19, 2015 |
mensdept:so? |
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34 |