₦airaland Forum

sunnyb0b0:
[s]What do you know? Naira has depreciated to about N294 from N199 in the official market meaning that every $ the FG earns is sold for N294 against N199 previously. So, for every N199 earned initially, they are now earning N294. So the naira earnings would increase even if actual earning in $ didn't.
For example, if the govt earned $2bn in the previous month, that would be N398bn while the same earning of $2bn today would be N588bn.
You gerrit? [/s]

odiks:
The improvement in the revenue was attributed to the non oil sector especially the Federal Inland revenue (FIRS) which has increased its collection by N165 billion as well as the Nigerian Customs Service.

Giving the breakdown of the distributed figures, the Federal Government received a total of N209.46 billion inclusive of its 52.68 percent and 15 percent Value Added Tax (VAT).
The State government received a total sum of N133.671 billion VAT inclusive while the Local Government Councils got the sum of N100.759 billion VAT inclusive.

QuotaSystem:
Naira devaluation affected our Internally Generated Revenue positively? I wish iPods would wipe the mucus of hatred from their brains from time to time and let in fresh air so they can think straight.

sunnyb0b0:
Your idiocy knows no limits. So only IGR makes up the federation account?

As per IGR, are you from Mars not to know when most corporate entities end their tax year and hence remit corporation tax to FIRS? Thats how you people were celebrating rainy season induced improvement in power supply to body language last year.

FagsamPHP:
Because it's PMB money? These Zombies sha

sunnyb0b0:
What do you know? Naira has depreciated to about N294 from N199 in the official market meaning that every $ the FG earns is sold for N294 against N199 previously. So, for every N199 earned initially, they are now earning N294. So the naira earnings would increase even if actual earning in $ didn't.

For example, if the govt earned $2bn in the previous month, that would be N398bn while the same earning of $2bn today would be N588bn.

You gerrit?

odiks:
You pained with this news

odiks:
The Federal Account Allocation Committee (FAAC), says on Thursday it distributed the sum of N559.032 billion to the three tiers of government.


The Excess Crude Account (ECA) has also increased from $2.61b to $3.094 billion.

https://dailytimes.ng/faac-fg-states-lgas-share-n559-032b-june-eca-rises-3-094b/

abuayman:
DIFFERENT GRADES OF CHOPIN IN
GOVERNMENT
1. When you chop alone in government and no one chops with you, that is called OBJ

2. When you chop in government and you allow others to chop their own, that is called IBB

3. When you chop in government and you give others from what you have chopulated, that is called Abdusallam

4. When you chop in government and d place you are chopin eventually fold up, that is called Atiku

5. When you dey chop in government, you no remember your driver, secretary, office assistants, dat is called Gowon

6. When you dey chop alone in government, no remember anybody, you kon dey get
headache today, fever tomoro, hehehehehe. .. I laff oyinbo laff...dat one is called Shonekan

7. When dem just appoint you for government position, and you just chop small, auditors kon come say bring all papers, dat is called Nwodo

8. When you chop in government and you die while chopin, that is called Abacha

9. When you want to chop in government and you first give others to chop before you
begin to chop, that is called Goodluck Jonathan

10. When you are chopin your own in government and you call your friends to come and chop their own too, that is called Ibori

11. When you chop and clean mouth like say you no chop anything, that is called Fashola

12. When you chop from this government, that government, this government, that
government like say na you dem create Nigeria for, dat one is called Tinibu

13. When you chop in government so taaay you scatter ground, three houses for America, two for London, six for Maitama, seven for VI, as madam dey go shopping for Dubai, children dey go summer for Spain, EFCC kon gbab you, dat one is called Deziani

14. When you chop well well for government and people know say you chop well well but you dey deny say you chop well well, dat one is called Rotimi Amechi

15. When you chop in government so tay you are even richer than the place you dey chop, dat one is called Rochas

16. When you chop so tey you tire and come
begin de distribute the choppings to others. That one is called Dasuki

17. When you see government money and can't chop and won't let others chop, and u say all govt money belongs to people's projects dat one is called Buhari

18. When u read dis n refuse to share with others dat one is called OYO. On Your Own!!!
God save Nigeria

sunnyb0b0:
**** So only IGR makes up the federation account?

As per IGR, are you from Mars not to know when most corporate entities end their tax year and hence remit corporation tax to FIRS? Thats how you people were celebrating rainy season induced improvement in power supply to body language last year.

QuotaSystem:
My friend keep quiet. The rise in revenue for allocation was attributed to the rise in the IGR component of the federation account for whatever reason. You can only deceive your fellow hollow minded iPods.

Keep wailing (it's expected) but wail with sense because your lies will continue to be busted.

TheGoodJoe:
The Minister of Finance, Mrs Kemi Adeosun, announced this in Abuja on Thursday while addressing newsmen at the end of the FAAC meeting.

She attributed the increase in revenue to efficiency in collection by the revenue generating agencies.


God bless Hon. Mrs. Kemi Adeosun. The more leakages she blocks, the better the country becomes. Sad this government came in when our Crude Oil revenue fell.

Atk1nson:
Increase revenue is mainly attributable higher naira-dollar exchange rate and December year-end companies filing their tax return which was due by June 30.

Reality is capacity untilization in the economy has been dropping and cost of production is going up due to increased cost of fuel and raw materials. Local bank interest rate is rising to adjust for inflation, a lot of companies with foreign loans and payables are carrying huge FOREX loss.

9ijaprince:
Nigeria the only country in the world where people gather every month and share what they never worked for...

sunnyb0b0:
What do you know? Naira has depreciated to about N294 from N199 in the official market meaning that every $ the FG earns is sold for N294 against N199 previously. So, for every N199 earned initially, they are now earning N294. So the naira earnings would increase even if actual earning in $ didn't.

For example, if the govt earned $2bn in the previous month, that would be N398bn while the same earning of $2bn today would be N588bn.

You gerrit?

9ijaprince:
Nigeria the only country in the world where people gather every month and share what they never worked for...

sunnyb0b0:
What do you know? Naira has depreciated to about N294 from N199 in the official market meaning that every $ the FG earns is sold for N294 against N199 previously. So, for every N199 earned initially, they are now earning N294. So the naira earnings would increase even if actual earning in $ didn't.

For example, if the govt earned $2bn in the previous month, that would be N398bn while the
same earning of $2bn today would be N588bn.

You gerrit?

2kass:
In as much as I want state resource control, after visiting some states in naija in recent times, I have come to the conclusion that mehnnnn hunger go kill some states if them try am.

Ekiti state for instance, Ebonyi, Taraba, Borno, Kastina (tho kstina dey try for farming)

We still have to rely on our oyel. What's the breakdown. Inerested @ wot Osun receives

2kass:
In as much as I want state resource control, after visiting some states in naija in recent times, I have come to the conclusion that mehnnnn hunger go kill some states if them try am.

Ekiti state for instance, Ebonyi, Taraba, Borno, Kastina (tho kstina dey try for farming)

We still have to rely on our oyel. What's the breakdown. Inerested @ wot Osun receives

dalongjnr:
[s]I love what I'm reading. firstly, their is an unbelievable increase in government revenue as the result of a more efficient tax,levy,n royalties collection. secondly, so fake economist will come with their lies to say that it's because of to flexible fx policy.
MY QUESTION IS,IS THEIR INCREASE IN REVENUE GENERATION OR NOT? CAN THE STATE MEET HER NEEDS OR NOT?
ONE NAIRA NA ONE NAIRA, WHAT I FIT BUY WITH ONE THOUSAND YESTERDAY I FIT USE ONE THOUSAND BUY TODAY. SO, I NO GET TIME FOR WORRY,NA ALERT I THE WAIT FOR SO O.
for my friends living in foreign land,sent small money home and it will look big in the account.[/s]

kahal29:
Mmmmmh... .. From about 305 billion shared in may and they still say PMB is not working and has no economic blueprint.

For the first time in the 2016 fiscal period, the federal, states and local governments got monthly allocation from the Federation Account of N559.03 billion.

This month’s net distribution was N 263. 904 billion above last month’s N305.128 billion. This is as the gross revenue generated by the federation increased by N301.32 billion, the highest in almost two years.

The Minister of Finance, Mrs Kemi Adeosun, announced this in Abuja on Thursday while addressing newsmen at the end of the FAAC meeting

She attributed the increase in revenue to efficiency in collection by the revenue generating agencies.

Meanwhile the Chairman, Commissioners of Finance Forum, Mr John Inegbedion, said with the improved revenue for the month, all 36 states would be able to pay salaries for the month.

Also, the Commissioner of Finance, Cross River, Mr Asuquo Ekpenyong, said the state would start processing May and June salaries for payment.

http://www.vanguardngr.com/2016/07/faac-fg-revenue-rises-n301bn-shares-n559bn-states-lgs/


God bless PMB

kahal29:
So you are also pained with this news. Don't worry your pains will continue to increase cos more of this news are on the way.

abuayman:
DIFFERENT GRADES OF CHOPIN IN
GOVERNMENT
1. When you chop alone in government and no one chops with you, that is called OBJ

2. When you chop in government and you allow others to chop their own, that is called IBB

3. When you chop in government and you give others from what you have chopulated, that is called Abdusallam

4. When you chop in government and d place you are chopin eventually fold up, that is called Atiku

5. When you dey chop in government, you no remember your driver, secretary, office assistants, dat is called Gowon

6. When you dey chop alone in government, no remember anybody, you kon dey get
headache today, fever tomoro, hehehehehe. .. I laff oyinbo laff...dat one is called Shonekan

7. When dem just appoint you for government position, and you just chop small, auditors kon come say bring all papers, dat is called Nwodo

8. When you chop in government and you die while chopin, that is called Abacha

9. When you want to chop in government and you first give others to chop before you
begin to chop, that is called Goodluck Jonathan

10. When you are chopin your own in government and you call your friends to come and chop their own too, that is called Ibori

11. When you chop and clean mouth like say you no chop anything, that is called Fashola

12. When you chop from this government, that government, this government, that
government like say na you dem create Nigeria for, dat one is called Tinibu

13. When you chop in government so taaay you scatter ground, three houses for America, two for London, six for Maitama, seven for VI, as madam dey go shopping for Dubai, children dey go summer for Spain, EFCC kon gbab you, dat one is called Deziani

14. When you chop well well for government and people know say you chop well well but you dey deny say you chop well well, dat one is called Rotimi Amechi

15. When you chop in government so tay you are even richer than the place you dey chop, dat one is called Rochas

16. When you chop so tey you tire and come
begin de distribute the choppings to others. That one is called Dasuki

17. When you see government money and can't chop and won't let others chop, and u say all govt money belongs to people's projects dat one is called Buhari

18. When u read dis n refuse to share with others dat one is called OYO. On Your Own!!!
God save Nigeria

abuayman:
DIFFERENT GRADES OF CHOPIN IN
GOVERNMENT
1. When you chop alone in government and no one chops with you, that is called OBJ

2. When you chop in government and you allow others to chop their own, that is called IBB

3. When you chop in government and you give others from what you have chopulated, that is called Abdusallam

4. When you chop in government and d place you are chopin eventually fold up, that is called Atiku

5. When you dey chop in government, you no remember your driver, secretary, office assistants, dat is called Gowon

6. When you dey chop alone in government, no remember anybody, you kon dey get
headache today, fever tomoro, hehehehehe. .. I laff oyinbo laff...dat one is called Shonekan

7. When dem just appoint you for government position, and you just chop small, auditors kon come say bring all papers, dat is called Nwodo

8. When you chop in government and you die while chopin, that is called Abacha

9. When you want to chop in government and you first give others to chop before you
begin to chop, that is called Goodluck Jonathan

10. When you are chopin your own in government and you call your friends to come and chop their own too, that is called Ibori

11. When you chop and clean mouth like say you no chop anything, that is called Fashola

12. When you chop from this government, that government, this government, that
government like say na you dem create Nigeria for, dat one is called Tinibu

13. When you chop in government so taaay you scatter ground, three houses for America, two for London, six for Maitama, seven for VI, as madam dey go shopping for Dubai, children dey go summer for Spain, EFCC kon gbab you, dat one is called Deziani

14. When you chop well well for government and people know say you chop well well but you dey deny say you chop well well, dat one is called Rotimi Amechi

15. When you chop in government so tay you are even richer than the place you dey chop, dat one is called Rochas

16. When you chop so tey you tire and come
begin de distribute the choppings to others. That one is called Dasuki

17. When you see government money and can't chop and won't let others chop, and u say all govt money belongs to people's projects dat one is called Buhari

18. When u read dis n refuse to share with others dat one is called OYO. On Your Own!!!
God save Nigeria