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FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever (26011 Views)

NNPCL Ends Fuel Import Dec 2024, Projects ₦4.5 Trillion Revenue (2) (3) (4)

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Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Babastrong(m): 9:08am On Jul 19, 2023
We/were/in/dilemma/to/choose/between/TINUBU/and/PETER/OBI.
but/thank/God/we/choosed/the/lesser/evil.
PETER/OBI/presidency/would/have/been/the/worst/in/the/history/of/human/existence.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by just2endowed: 9:09am On Jul 19, 2023
RepoMan007:
Print and share. Inflation loading.

It's revenue generated from sales and taxes and royalties.

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by membranus: 9:13am On Jul 19, 2023
Billionaire2:
After 8 years of unimaginable suffering you people still cued under the sun to vote for APC ?? because of hatred, tribalism & religion

Your bigotry & hatred for Jonathan resulted in Buhari, You never learnt from your mistakes, Buhari’s 1st 4yrs was a total disaster, you still voted him for second tenure

Everyone was waiting for February 2023 to kick APC out, PDP had their best chance with Obi/Kwankwaso Candidacy, … but money politics brought in another Fulani man as presidential candidate, an insensitive decision by a pioneer party like PDP

Obi left and joined LP. and gathered a huge number of followers nationwide, suddenly the hatred & bigotry kicked in again and you fools went under the sun and voted for APC’s continuity..

On Election Day, lives were lost, a nursing mother was stabbed, innocent voters were attacked, property destroyed, ballot boxes stolen, NYSC staff aware intimidated ….Just so that this same party would remain in power..

I use to blame the government, but now I’ve realized that the problem of this country is the people. ………

Bra, are you just waking up from your deep sleep? Your wailing up there are stale news. We have gone past those ones.

We are now on the momentous issue of how to survive in Tinubunomic era of price hike and hyperinflationary policies.

And even if your Obi is there, what magic will he performs? Will he perform the same magic he did when he was Anambra State governor for 8 years and turned the state to a mini Dubai?

4 Likes 1 Share

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by membranus: 9:15am On Jul 19, 2023
JB4life:
Opportunity to clear ALL accumulated arrears owed poor workers over the years and increase minimum wage to N200,000

Let's hope all the states think good to do this.

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by favor914: 9:16am On Jul 19, 2023
RockHard:
The conversation should shift to the states coz this allocation is unprecedented. They should be made to account for it.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Image123(m): 9:16am On Jul 19, 2023
obailala:
Thats not correct!

NNPCL made fuel cheaper by selling products cheaper than they were bought and therefore incurred losses (termed 'under-recovery' or subsidy) before remitting oil revenue to the govt.

In summary, NNPCL deducted subsidy before remitting oil revenue to govt.

https://leadership.ng/nnpc-makes-zero-remittance-to-federation-account-for-7-consecutive-months/

https://punchng.com/reps-to-probe-nnpcl-over-non-remittance-of-revenue-2/

https://businessday.ng/energy/article/nigeria-records-n16trn-oil-sales-as-nnpc-remits-nothing-to-cbn/

The news seem to say otherwise for a while now. In summary, their remittance or non-remittance is not the main factor in this. FAAC is not only oil based BTW.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by adabaraabdul: 9:17am On Jul 19, 2023
Billionaire2:
After 8 years of unimaginable suffering you people still cued under the sun to vote for APC ?? because of hatred, tribalism & religion

Your bigotry & hatred for Jonathan resulted in Buhari, You never learnt from your mistakes, Buhari’s 1st 4yrs was a total disaster, you still voted him for second tenure

Everyone was waiting for February 2023 to kick APC out, PDP had their best chance with Obi/Kwankwaso Candidacy, … but money politics brought in another Fulani man as presidential candidate, an insensitive decision by a pioneer party like PDP

Obi left and joined LP. and gathered a huge number of followers nationwide, suddenly the hatred & bigotry kicked in again and you fools went under the sun and voted for APC’s continuity..

On Election Day, lives were lost, a nursing mother was stabbed, innocent voters were attacked, property destroyed, ballot boxes stolen, NYSC staff aware intimidated ….Just so that this same party would remain in power..

I use to blame the government, but now I’ve realized that the problem of this country is the people. ………
how does this relate to FAAC?

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Menclothing: 9:27am On Jul 19, 2023
In Nigeria they only blame fedral and pamper their evil gov

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by egoldman(m): 9:29am On Jul 19, 2023
RepoMan007:
Print and share. Inflation loading.

Oil dey your head.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by sunnnnyuu(m): 9:30am On Jul 19, 2023
Billionaire2:
After 8 years of unimaginable suffering you people still cued under the sun to vote for APC ?? because of hatred, tribalism & religion

Your bigotry & hatred for Jonathan resulted in Buhari, You never learnt from your mistakes, Buhari’s 1st 4yrs was a total disaster, you still voted him for second tenure

Everyone was waiting for February 2023 to kick APC out, PDP had their best chance with Obi/Kwankwaso Candidacy, … but money politics brought in another Fulani man as presidential candidate, an insensitive decision by a pioneer party like PDP

Obi left and joined LP. and gathered a huge number of followers nationwide, suddenly the hatred & bigotry kicked in again and you fools went under the sun and voted for APC’s continuity..

On Election Day, lives were lost, a nursing mother was stabbed, innocent voters were attacked, property destroyed, ballot boxes stolen, NYSC staff aware intimidated ….Just so that this same party would remain in power..

I use to blame the government, but now I’ve realized that the problem of this country is the people. ………
Obi is the tribal and religious bigotry chairman, if not he would win the election but his campaign process makes it clear for us not to vote for him due to that we opted to vote for Tinubu instead of our son Atiku
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by gloryman91: 9:41am On Jul 19, 2023
RepoMan007:
they printed money now. Tinubuonomics!

In this digital world, who prints such huge amounts again ?

Transaction is done online payment please.

Raw Cash again ke ?

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Kindledlight(m): 9:50am On Jul 19, 2023
Highest ever actually

All these Governors will have enough to embezzle, nothing to better the lives of their citizens.

Everything is President

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by 23Ju: 9:51am On Jul 19, 2023
Tekzyflex:
Rivers state government should be held accountable for not promoting workers for 12 years and non implementation of the 30k minimum wage. This is the height of wickedness and insensitivity. They state had decided to impoverish it's workers.

It is more than 12 years brother. Those who came in 2007 is now 16 years without promotion. If Rivers workers could revolt. Rivers State government should be dragged to world court. This is beyond inhuman.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by UHLmoving: 9:58am On Jul 19, 2023
Subsidy have been removed and they now have enough money to share around for looting , the brunt left for Nigerians to make noise about .
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Billionaire2: 10:00am On Jul 19, 2023
sunnnnyuu:

Obi is the tribal and religious bigotry chairman, if not he would win the election but his campaign process makes it clear for us not to vote for him due to that we opted to vote for Tinubu instead of our son Atiku

I don’t have a preferred candidate Sir,
But the ruling party’s performances for almost a decade now don’t deserve continuity

2 Likes 3 Shares

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by LordAdam16: 10:00am On Jul 19, 2023
Predicted as well.

There'd be no political will to strengthen the naira forthwith.

-Lord
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by TruthinAction: 10:08am On Jul 19, 2023
Increase minimum wage to 100,000 naira and give every unemployed youth in oil producing state at 20,000 monthly.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by haybee2018(m): 10:08am On Jul 19, 2023
SHARE 'n' LOOT.....nothing special!
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by RepoMan007: 10:10am On Jul 19, 2023
just2endowed:


It's revenue generated from sales and taxes and royalties.
lies. BMC job is hard.

Check FP. CBN printed dough.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by famology(m): 10:29am On Jul 19, 2023
EcoBrick:

https://www.thecable.ng/exclusive-faac-to-share-n1-959tr-revenue-in-july-probably-highest-ever/amp


Wow....... highest ever. I wish the state governors can fear God and use it for the benefits of their people.

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by WantsandMore: 10:29am On Jul 19, 2023
N12 billion from electronic money transfer in june ...Spending...let's see July & compare
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Evaloyal2J(f): 10:39am On Jul 19, 2023
This is why they removed subsidy so the y can have more money to share and loot. Ignorant fellows are supporting the removal not knowing its the only thing ordinary man benefit. Now that you buy fuel for almost #700 and politicians go home with more allocations coming from subsidy removal, let's see how it benefit you and your family.

1 Like 1 Share

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Jlow2: 10:53am On Jul 19, 2023
It will still be relooted and will have no positive impact on Nigerians, a corrupt system can never not make positive impact on the society, you will only hear there positivity on news headlines
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Diego35M: 11:10am On Jul 19, 2023
EcoBrick:

https://www.thecable.ng/exclusive-faac-to-share-n1-959tr-revenue-in-july-probably-highest-ever/amp
All this looted monies should be channeled into developing infrastructures across the 6 geo zones of the country, build companies in the country and subsidize tertiary school for the ordinary Nigerian indigenes, by so doing, they country can move forward
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by alizma: 11:23am On Jul 19, 2023
Bobloco:
Money that will be looted by Governors and local government chairmen
That is where citizens of each state need to hold their leader accountable not holding the president

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Naijanascam: 11:31am On Jul 19, 2023
Milking Nigerians dry and sharing it to themselves.....

Let the poor suffocate
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Abimloaded(m): 11:55am On Jul 19, 2023
Billionaire2:
After 8 years of unimaginable suffering you people still cued under the sun to vote for APC ?? because of hatred, tribalism & religion

cued
Queued

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by Idaytesj29(m): 12:04pm On Jul 19, 2023
RepoMan007:
they printed money now. Tinubuonomics!

No money was printed. They stopped paying monthly subsidy.

1 Like

Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by chrisxxx(m): 12:06pm On Jul 19, 2023
We know that removing subsidy will in other country improve service delivery but this is not the case of Nigeria.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by MeineMutter: 12:11pm On Jul 19, 2023
Hol ya state government tight. Na dem cause over 50% of poverty wey dey ground.

Our governors and their fellow politicians are h.orrible.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by MeineMutter: 12:15pm On Jul 19, 2023
Bobloco:
Money that will be looted by Governors and local government chairmen

That’s exactly my fear. Those people are kleptomaniac. They have penchant for s.tealing.

We have some of them and their staff on Nairaland o. And their children too.

They know the level of havoc they wreck on their areas of jurisdictions and they are parts of those that would complain about FG.
Re: FAAC To Share N1.959 Trillion Revenue In July — Probably Highest Ever by RepoMan007: 12:16pm On Jul 19, 2023
Idaytesj29:


No money was printed. They stopped paying monthly subsidy.
and saved 1.5Trillion in less than 2 months. Stop lying.

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