JUST IN: FG, states, LGs share N722bn federal allocation

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The Federation Account Allocation Committee said it has shared N722.677 billion among the three tiers of government in February 2023.

It was also noted that the gross revenue available from the Value Added Tax for February 2023 was N240.799 billion, as against N250.51bn distributed in the preceding month, which represents a decrease of N9.72 billion.

Further breakdown of the allocation distributed to the three tiers of government include, “The gross revenue available from the Value Added Tax for the month of January, 2023 was N250.01bn, as against N250.51bn distributed in the preceding month, resulting in a decrease of N0.503bn.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Half of wetin person dey mk wan day na wetin una wan dey share

Local governments should be removed from the list, since it has become clear that the allocation is usually shared between two tiers; the federal and state governments.

If there's any iota of common sense, there will be nothing like sharing but creating, resources proceeds r not supposed 2be shared but used to create more proceeds & wealth, cos there r incapacitation at all fronts, proceeds on resources are share which attracts criminal elements

1 billion naira each for the 36 governors

No more strikes!?

Oil revenue from Niger Deltas

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Imoke congratulates Cross River gov-elect, Bassey Otu | The Guardian Nigeria News - Nigeria and World NewsFormer Governor of Cross River State, Liyel Imoke, has congratulated the state governor-elect, Bassey Otu. Okay congratulation sir 👨 Congratulations to him. We pray he doesn't take Ayade steps. We pray he makes Ayade to return all the money and government property he has taken. My problem is as long as you are under APC you can't speak the truth you sell your concience for money.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Kano govt lifts dawn to dusk curfewThe Kano State Government has lifted the dawn-to-dusk curfew imposed in the state. Justgooners
Source: MobilePunch - 🏆 8. / 63 Read more »

Nigerian Police Set To Arraign Twitter User Who Exposed Alleged Ballot Snatching During Saturday’s Anambra Election | Sahara ReportersThe Nigeria Police Force has said it would arraign a Twitter user, identified as Mr. Chude Franklin Nnamdi, who was arrested for posting about alleged ballot snatching during Saturday’s State House of Assembly elections in Anambra State. Chude on Saturday tweeted that the ruling All Progressives Grand Alliance, APGA, in Anambra State had brought the state back to the ballot box snatching era, adding that last Saturday’s witnessed the ugly incidents in many parts of the state. But why? PoliceNG a cyber crime you called it. Why do you choose to act on behalf of officialEFCC in doing their job? Until the security force tend to do the right thing at the right time Nigeria can never get better. You all will not end well in Nigeria for playing with the people. Why PoliceNG telling us to take MC oluoma threat as joke and went ahead to.arrest chude who revealed rigging. That means Nigeria police supports rigging
Source: SaharaReporters - 🏆 9. / 63 Read more »

Bayelsa government, Sylva exchange hot words over House of Assembly poll | The Guardian Nigeria News - Nigeria and World NewsBayelsa State Government and the Minister of State, Petroleum, Timipre Sylva, have exchange hot words over the conduct of Saturday’s state House of Assembly election.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Nike’s third quarter profit fallsThis compares with $1.40 billion, or $0.87 per share in third quarter of 2022.
Source: MobilePunch - 🏆 8. / 63 Read more »

There Will Be Consequences For Anambra Residents, Communities Who Did Not Vote For APGA – Governor Soludo | Sahara ReportersGovernor Chukwuma Soludo of Anambra State has again threatened that there must be consequences for communities and people of the state who neither supported nor voted for candidates of the ruling All Progressives Grand Alliance (APGA) in the Saturday March 18 State House Assembly election in the state. Let's watch and see That's the reason they will fight tooth and nail to vote you out. You have pitched yourself against the Voters. U are be coming so useless and irritating.
Source: SaharaReporters - 🏆 9. / 63 Read more »