in the first quarter of 2021, a report by the State Ministry of Budget and Planning has stated.
The report stated that revenues from Federal Account and Value Added Tax amounted to N13 billion, representing 19.7 per cent against N65.7 billion projection for the 2021 fiscal year. It also stated that the aggregate recurrent expenditure within the same time stood at N11.6 billion, representing 16.9 per cent performance against the projected recurrent expenditure of N68.7 billion.
“The sum of N1.9 billion was actual overhead spent in the Q1 2021 representing 7.7 per cent performance against a budgeted overhead of N25 billion,” it stated.
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