- Have any questions?
- contact@ymonitor.org
FAAC Monitor: FG, States, LGs share N467.807bn for March
by Usman Alabi
The Federal government, state and Local government shared a total of N467.807 billion for the month of March at the Federation Account Allocation Committee (FAAC) meeting held in Abuja on Tuesday.
Mr Ahmed Idris, the Accountant-General who represented the Minister of Finance, Mrs Kemi Adeosun disclosed that the N467.8 billion was distributed under four distributable sub-heads.
“The distributable revenue for the month is N299.93 billion. The sum of the N6.33 billion was refunded by NNPC. There is also a proposed distribution of N66.96 billion from the excess Petroleum Profit Tax. Also, exchange gains of N22.25 billion is proposed for distribution, therefore the total revenue distributable for the current month, including VAT of N78.65 billion is N467.8 billion,” the minister said.
The breakdown of the amount showed that the federal government got N189.234 billion, states N127 billion, and local governments N96 billion. The sum of N35.747 billion went to oil producing states as 13 percent derivation.
The cost of collection /FIRS (Federal Inland Revenue Service) refund was N18.824 billion.
“Despite the increase in the average unit price of crude oil per barrel from, $44.74 to $52.86, the revenue from Federation Export sales dropped by $6.4 million. This was due to the decrease in crude oil export volume
He said the government generated N228.54bn as mineral revenue, which shows an increase of N16.94 billion from what was generated in February. In March, the non-mineral revenue also increased by N24.47 billion, from the N78 billion, the country generated in February.
According to him, the balance of the excess crude account currently stands at $2.45 billion.
15 Comments
Промокоды Яндекс.Еда дают скидку от 20% на услуги доставки.
Они служат для привлечения новых клиентов и поощрение существующих.
Промокоды могут давать рестораны, сам сервис доставки, или владельцы других бизнесов.
Их разыгрывают в конкурсах для блогеров и активных
пользователей социальных сетей.
Получить скидку просто, нужно ввести промокод в специальное окно при заказе еды, и скидка будет получена.
Получитепромокод яндекс еда.
I’m amazed, I have to admit. Rarely do I come across a blog that’s equally educative and interesting, and without a doubt, you have hit the nail on the head.
The problem is something not enough folks are speaking intelligently
about. I’m very happy I found this in my hunt for something concerning
this.
Hi mates, pleasant paragraph and fastidious arguments commented at
this place, I am actually enjoying by these.
Quality articles is the secret to attract the users to pay a quick visit the web site,
that’s what this web page is providing.
Hi, I do think this is a great website. I stumbledupon it
I may revisit yet again since I book marked it.
Money and freedom is the greatest way to change, may you be rich
and continue to guide others.
Howdy! This is my first comment here so I just wanted to give a quick shout
out and say I really enjoy reading through your blog posts.
Can you recommend any other blogs/websites/forums that
deal with the same subjects? Appreciate it!
A motivating discussion is definitely worth comment.
I do believe that you ought to publish more about this topic,
it may not be a taboo matter but typically people don’t speak about these issues.
To the next! Best wishes!!
This is very attention-grabbing, You are an overly skilled blogger.
I’ve joined your rss feed and sit up for seeking extra of your
fantastic post. Also, I have shared your site in my
social networks
I read this article fully concerning the resemblance of most up-to-date
and earlier technologies, it’s amazing article.
This is very attention-grabbing, You’re an excessively skilled blogger.
I have joined your rss feed and look ahead to in quest
of extra of your great post. Additionally, I’ve shared your
site in my social networks
I am regular visitor, how are you everybody? This piece of writing posted at this
site is really good.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog
that automatically tweet my newest twitter updates.
I’ve been looking for a plug-in like this for quite some time
and was hoping maybe you would have some experience with something like this.
Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to your new updates.
Wonderful post however I was wondering if you could write a litte more on this topic?
I’d be very grateful if you could elaborate a little
bit further. Many thanks!
Hi there would you mind letting me know which web host you’re working with?
I’ve loaded your blog in 3 completely different browsers and I must say this
blog loads a lot faster then most. Can you suggest
a good internet hosting provider at a honest price?
Thanks, I appreciate it!
Good blog! I truly love how it is easy on my eyes it is. I am wondering how I might be notified when a new post has been made. I have subscribed to your RSS which may do the trick? Have a nice day!