Tag Archives: States

FG, states, LGAs received N6.747 trillion within ten months

Between January and October 2021, over N6.747 trillion accrued into the federation account as revenue from Statutory Revenue; Value Added Tax (VAT); Exchange Gain; Excess Bank Charges Recovered and Non-Oil revenue. Being a zero sum account, all the money (revenue) into the federation account are disbursed at the end of every month ready for new accruals in the new month. ...

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SFTAS: FG disburses ₦123.348bn to states

The Federal Government has disbursed ₦123.348billion (USD324.6million) to states under its States Fiscal Transparency Accountability and Sustainability (SFTAS) Programme for Results. Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed disclosed this in a statement signed by Mr. Hassan Dodo, the Ministry’s Director of Press and Public Relations, Wednesday in Abuja. The finance minister explained that the disbursement ...

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FG, States, LGAs share N655.2bn for January

The Federal, States and Local governments have shared N655.177 billion, being revenue generated in December 2017 and shared in January 2018.  The breakdown showed that the total amount shared included N540.446 billion gross statutory revenue received for the month, which was lower than the N549.533 billion shared in the previous month by N9.089 billion. Another sum of N83.963 billion was ...

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FG,States, LGs shared N5.7trn as allocation in 11 months

Minister of Finance, Kemi Adeosun speaking at FAAC Meeting in Abuja Between January and November this year, the Federation Account Allocation Committee (FAAC) shared a total of N5.74tn to the three tiers of government. An analysis of the FAAC distribution shows that the amount represents an increase of N765bn over the N4.98tn, which the committee allocated in the corresponding period ...

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