₦airaland Forum

GamaG:
FAAC SHARED N695 BILLION FOR MARCH

pls source of ur information

GamaG:
FAAC SHARED N695 BILLION FOR MARCH

Nobody should play us here

endy83:
pls source of ur information

ur correct,source businesspost.ng

endy83:
ur correct,source businesspost.ng

That means next week we should be expecting to finish our salary.

Definitly wed and thurs next week,if pdp presidential aspirant did not touch it for campaign

Wed and thurs next week

Rivers State schools will resume for 3rd term on 9th of May,2022

[quote author=Purity001 post=112204014][/quote]THEN, WHAT IS THE TRUTH? TELL ME.

[quote author=Purity001 post=112204014][/quote]WHY IS IT THAT PEOPLE LIKE YOU ALWAYS HAVE A NEGATIVE MINDSET AND USING IT TO ATTACK GENUINE POSTURES

GamaG:
FAAC SHARED N695 BILLION FOR MARCH

This information is not true, this is last month information. Check the source you got the info, it is written "1 month ago" Faac have not shared any money.

GamaG:
WHY IS IT THAT PEOPLE LIKE YOU ALWAYS HAVE A NEGATIVE MINDSET AND USING IT TO ATTACK GENUINE POSTURES

You always bring false information.
As it stands now, faac have not been shared.

Purity001:
You always bring false information.
As it stands now, faac have not been shared.

dont mislead people,faac shared allocation week thursday.source businesspost.ng

Purity001:
You always bring false information.
As it stands now, faac have not been shared.

don't mislead people. Faac shared allocation last week thursday,source businesspost.ng

endy83:
Nobody should play us here

faac has not officially stated what it shared...if it has held...few times it has held without giving any information...if you know any federal civil servant that received by Tuesday know it held...

otubobo:
faac has not officially stated what it shared...if it has held...few times it has held without giving any information...if you know any federal civil servant that received by Tuesday know it held...

i don't no what u are talking about, all i know is allocation had been shared by the way we are paid b4 federal civil servant ok

mela82:
Rivers State schools will resume for 3rd term on 9th of May,2022

thanks for this update. The adjustment was expected

endy83:
i don't no what u are talking about, all i know is allocation had been shared by the way we are paid b4 federal civil servant ok

...I no go argue with you on whether *FAAC*has held or not...but on whether we are paid before federal civil servant, l'd say it depends on the ministry or federal parastal, FIRS, DSS, CBN etc. pays very early few days after faac, you can't compare them with say federal ministry of agric, police, INEC etc...

I dont understand ur point.

endy83:
I dont understand ur point.

...my point: most federal civil service receive pay before us, chikina....I know no whether FAAC don hold because major papers no carry am...it might have held, it happens like this some time, ungwa bye bye!!!!

Ok

Omo anything for us today?.

otubobo:
...my point: most federal civil service receive pay before us, chikina....I know no whether FAAC don hold because major papers no carry am...it might have held, it happens like this some time, ungwa bye bye!!!!

I have search, no news of April FAAC sharing. Its obvious that no April FAAC meeting yet.

FAAC meeting or no FAAC meeting the Governor will pay you before workers day. May 1st.Be hopeful !

https://businessday.ng/business-economy/article/faac-shares-n725-571bn-march-revenue-to-fg-states-lg/

FAAC shared 725,751 naira march revenue.

Chibuking81:
I have search, no news of April FAAC sharing. Its obvious that no April FAAC meeting yet.

faac shares N725.571bn March revenue to FG, States, LGCs

flejnr2:
faac shares N725.571bn March revenue to FG, States, LGCs

This means payment of salary will be next week.

TheWatchDog:
This means payment of salary will be next week.

Friday

endy83:
don't mislead people. Faac shared allocation last week thursday,source businesspost.ng

Now you can see.
I don't bring false information.

*FAAC: FG, States, LGAs to share N725.571bn for month of March 2022*



Daily Post Nigeria
BUSINESSFAAC: FG, States, LGAs to share N725.571bn for month of March 2022Published on April 27, 2022By Williams Anuku


The Federation Accounts Allocation Committee (FAAC), has settled for a sharing formula of N725.571 billion among the three tiers of government, for the month of March 2022.

A statement by Phil Abiawute-Mowete, Director of Information/Press, in the Ministry of Finance, Budget and National Planning, said from the amount, inclusive of Gross Statutory Revenue and Value Added Tax (VAT), the Federal Government received N277. 104 billion, the States received N227.201 billion; the Local Government Councils got N167.910 billion, while the Oil producing states received N53.356 billion as derivation (13% of Mineral Revenue).

The communiqué issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting which was held virtually, indicated that the Gross Revenue available from the Value Added Tax (VAT) for March 2022 was N204.402 billion.

The distribution is as follows; Federal Government got N30.660 billion, the States received N102.201 billion, Local Government Councils got N71.541 billion.

Gross Statutory Revenue of N521.169 billion was distributed according to the communique, from which the Federal Government was allocated the sum of N246.444 billion, States got N125.000 billion, LGCs got N96.369 billion, Derivation (13% Mineral Revenue) got N53.356 billion.

It, however, added that add-backs of VAT for the month for the cost of collection is N8.780 billion, while that of Transfers, Refunds and Savings is N6.322 billion.

The add-backs of Statutory Revenue distributed to the Cost of Collection is N35.631 billion and to Transfers/Refunds/Savings is N376.504 billion.

The communiqué also revealed that Petroleum Profit Tax (PPT), Oil and Gas Royalties, Import and Excise Duties, Companies Income Tax (CIT) and Value Added Tax (VAT) all recorded tremendous increases.

It was further disclosed that the total revenue distributable for the current month was drawn from Statutory Revenue of N521.169 billion and Value Added Tax (VAT) of N204.402 billion, bringing the total distributable for the month to N725.571 billion.

The balance in the Excess Crude Account as of 27th April 2022 stands at $35.372 million.

God touch wike to pay me my Feb and March 2016 arrears which kind wahala be this