The Federation Account Allocation Committee on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month of September 2019.
The News Agency of Nigeria reports that the N693.529 billion comprised revenue from Value Added Tax , Exchange Gain and Gross Statutory Revenue in the month. A communiqué read by the Accountant General of the Federation Mr Ahmed Idris, confirmed that the gross statutory revenue for the month of September was N599.701billion.For the month, gross revenue of N92.874 billion was generated from VAT as against N88.082 billion distributed in the previous month, indicating an increase of N4.792 billion.A breakdown of the allocation showed that from the total revenue of N693.529 billion shared, the Federal Government received N293.
The communique also stated that in September 2019, revenue from Petroleum Profit Tax and Company Income Tax decreased while Royalties, Import and Excise Duties, and Value Added Tax increased considerably. However, the AGF said that as of Oct. 17, the balance in the Excess Crude Account was $323.692million.
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Wow... so Jay z is richer than us ?
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FG, States, LGs Share N693.529bn In September – FAACFG, States, LGs Share N693.529bn In September – FAAC The gross statutory revenue for the month was N599.701 billion. And that is the right caption, 'share' , amongst themselves. Sharing sharing sharing. Why are the states begging for revenue when they could have found innovative ways to generate revenue internally. States can tax petroleum purchases within their states. They could tax the use of cable tv and phones within their states. Hope we are saving for the sunny day?
Source: channelstv - 🏆 7. / 63 Read more »
FAAC shares N693.529 September 2019 revenue to FG, States, LGAsThe Federation Account Allocation Committee (FAAC) has shared a total of N693.529billion to the three tiers of Government for the month of September 2019... Still we are not seeing the impact of each month allocations.. the LGAs chairmen are extremely useless!!
Source: TheNationNews - 🏆 6. / 69 Read more »
FAAC: FG, states, LGAs share N599.701billion for September [Breakdown] - Daily Post NigeriaThe Federation Account Allocation Committee (FAAC), on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month
Source: DailyPostNGR - 🏆 11. / 59 Read more »
FG, States, LGs Share N693.529bn In September – FAACFG, States, LGs Share N693.529bn In September – FAAC The gross statutory revenue for the month was N599.701 billion. And that is the right caption, 'share' , amongst themselves. Sharing sharing sharing. Why are the states begging for revenue when they could have found innovative ways to generate revenue internally. States can tax petroleum purchases within their states. They could tax the use of cable tv and phones within their states. Hope we are saving for the sunny day?
Source: channelstv - 🏆 7. / 63 Read more »
FAAC shares N693.529 September 2019 revenue to FG, States, LGAsThe Federation Account Allocation Committee (FAAC) has shared a total of N693.529billion to the three tiers of Government for the month of September 2019... Still we are not seeing the impact of each month allocations.. the LGAs chairmen are extremely useless!!
Source: TheNationNews - 🏆 6. / 69 Read more »
FAAC: FG, states, LGAs share N599.701billion for September [Breakdown] - Daily Post NigeriaThe Federation Account Allocation Committee (FAAC), on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month
Source: DailyPostNGR - 🏆 11. / 59 Read more »