Stella Dimoko Korkus.com: Federation Allocation: FG, states, LGs share N386bn in Nov

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Friday, 16 December 2016

Federation Allocation: FG, states, LGs share N386bn in Nov

A total of N386.879 billion has been disbursed as federal allocation, for November 2016 for the Federal, state and local governments. 





The figure was released after the meeting of the monthly Federation Account Allocation Committee, FAAC, in Abuja, yesterday. According to the figures released by Mrs Kenechukwu Offie, Director Information, Office of the Accountant General of the Federation, the gross statutory revenue of N240.120 billion received for the month was higher than the N238.716 billion received in the previous month by N1.404 billion. 


Federation revenue was low as a result of shut-in and shut-down of pipelines for repairs and maintenance due to leakages and sabotage, however, Companies Income Tax, CIT and Value Added Tax, VAT, recorded marginal increases. The distributable Statutory Revenue for the month is N206.448 billion. N6.330 billion was refunded by NNPC to the Federal Government. 



There is a proposed distribution of N 66.000 billion from the Excess PPT Account. Also, exchange gain of N 38.852 billion is proposed for distribution. The total revenue distributable for the current month (including VAT) is N386.879 billion. Consequently, from statutory revenue, Federal Government received N97.897 billion (52.68 per cent); states received N49.655 billion (26.72 per cent); local government councils received N38.282 billion (20.60 per cent); while the oil producing states received N13.613 billion as 13 per cent derivation revenue.

from vanguard


11 comments:

Stella maris Baby said...

Good morning lovely blogfam..

Rhoda Rex said...

Ok

Mrs I said...

I don't understand

LEE70 said...

That picture is classic stella! I feel I can smell the stench too. Lol!. I bet none of that money will to the people!

GALORE said...

Hahahahaha


Na so @Aisha deyy do face wen she go download for @Buba kini😌


So,all these figures was allocated to states and local governments,yet no development whatsoever...no payment of full salaries..no pensions paid..

Wow..wack wack wack.



@Galore

Fierce of SDK blog said...

All these monies,where e dey enter? 9 days to Christmas, Lord have mercy.

Beloved said...

All this billion still no much development yet

Ghanaman said...

This one na Christmas bonanza! Nothing go come out & nobody go cough!
Na their way !!!!

Abeg, which one wet citizens dey share ????


*ghanaman signing out*

Cynthia Iyede said...

BBM yinmu

Chidinma Gift said...

They Abia State government should just clear the salaries

EmmyBennie said...

Under Jonathan 650-776 billion monthly, nothing was done with it, don't expect anything different. The same set of excessively corrupt nigerians.

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