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Nairaland Forum / Nairaland / General / Politics / FAAC Allocates N720.880bn Among FG, States, LGs For August (6171 Views)
FG, States, LGs Share ₦547 Bilion As May Federation Allocation / FAAC: FG, States, LGs Share ₦606 Billion For April / FAAC: FG, States, Lgs Share N668.89b After Deadlock (2) (3) (4)
FAAC Allocates N720.880bn Among FG, States, LGs For August by postbox: 8:24am On Sep 26, 2019 |
The Federation Account Allocation Committee (FAAC) disbursed the sum of N769.53bn to the three tiers of government in August 2019 from the revenue generated in July 2019. The amount disbursed comprised of N607.37bn from the Statutory Account, N94.16bn from Valued Added Tax (VAT) and N999.99m exchange gain differences. Federal Government received a total of N299.80bn from the N769.53bn. States received a total of N190.38bn and Local governments received N143.57bn. The sum of N51.63bn was shared among the oil-producing states as 13% derivation fund. Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N5.70bn, N11.14bn and N5.02bn respectively as cost of revenue collections. Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N241.81bn was disbursed to the FGN consolidated revenue account; N5.43bn shared as share of derivation and ecology; N2.72bn as stabilization fund; N9.13bn for the development of natural resources; and N6.30bn to the Federal Capital Territory (FCT) Abuja. SOURCE:https://brandspurng.com/2019/09/25/faac-allocates-n720-880bn-among-fg-states-lgs-for-august/ |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by 1bunne4lif(m): 8:27am On Sep 26, 2019 |
Spoon fed |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by JosEast(m): 8:27am On Sep 26, 2019 |
hmmm |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by slawomir: 8:35am On Sep 26, 2019 |
And still these fuckkking states can not repair federal road without demanding for refund 1 Like 1 Share |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by mrvitalis(m): 8:35am On Sep 26, 2019 |
This is too small roughly 2 billion dollars a month for 200 million people ...thats like 10 dollars a month for each nigerian Thats why when most dumb politicians who think we have money get there they are shocked and start to owe salary ... 3500 a month to ..subsidize fuel , provide security , roads , health care .pay lazy civil servants ( 65% of that money )..and the rest .... This is less than what some small city in the USA get in a month No matter who rules if the average nigerian is not ready to pay 25,000 in tax per month we cant get anywhere meaningful Nigeria needs at least 3.5 trillion per month to see good development ..and is easy to achieve .... Taxing the people is the only way 4 Likes |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by Nobody: 8:36am On Sep 26, 2019 |
Why not use the word SHARE as normal 1 Like |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by MANNABBQGRILLS: 8:36am On Sep 26, 2019 |
And Delta State top the state with the highest allocation once more. Deltans be wise! God bless Nigeria. 2 Likes 2 Shares |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by itsme01: 8:36am On Sep 26, 2019 |
80% for salary of political class / civil servants that got job via connection of political class and recurrent expenditures and 20% on Elephant Projects.. at the end of the day double the amount released by FAAC would still be borrowed from loan sharks .. 2 Likes 1 Share |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by passyhansome(m): 8:36am On Sep 26, 2019 |
Las Las The ticket go still cut |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by DevilhimseIf: 8:36am On Sep 26, 2019 |
[s] itsme01:[/s] shut up |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by NaijaWebDesign(m): 8:37am On Sep 26, 2019 |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by AsowebDesigns: 8:37am On Sep 26, 2019 |
Bam |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by Nobody: 8:39am On Sep 26, 2019 |
Which one for me |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by IamR: 8:40am On Sep 26, 2019 |
Igbosmoker:This is uncalled for. 2 Likes |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by mrvitalis(m): 8:42am On Sep 26, 2019 |
itsme01:90% sir ,5% stolen ..5% for work ...we keep running in circles |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by mrvitalis(m): 8:42am On Sep 26, 2019 |
nauto10:3500 |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by mrvitalis(m): 8:42am On Sep 26, 2019 |
DevilhimseIf:U have a stat to prove him wrong ? |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by mrvitalis(m): 8:44am On Sep 26, 2019 |
Igbosmoker:Pay your house rent to your igbo landlord and don't be frustrated .. Paying house rent to a stranger in your own land can be painful ...all men are not made equal Igbos are naturally ahead 6 Likes 2 Shares |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by itsme01: 8:45am On Sep 26, 2019 |
mrvitalis: God help us, out of 5% for work, contractors would still pay 20% kick backs in dollars |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by mrvitalis(m): 8:46am On Sep 26, 2019 |
itsme01:We are left with 4% 1 Like |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by DevilhimseIf: 8:47am On Sep 26, 2019 |
[s] itsme01:[/s] shut up stop deceiving people with fake stats |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by Kendumazy(m): 8:52am On Sep 26, 2019 |
Ok |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by sanny1(m): 8:56am On Sep 26, 2019 |
OK BUT WHAT DOES THIS NEWS HAS TO DO WITH www.9jagistbase.com Forum NOW |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by anonimi: 8:57am On Sep 26, 2019 |
1bunne4lif: www.nairaland.com/attachments/2900978_nigeria_jpeg4ee84b7726a847792475badcbc938fb7 www.nairaland.com/attachments/4284749_fbimg1474050978374_jpeg39ff755f5e96523b18d624dde1a019a0 2 Likes |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by yjgm(m): 8:58am On Sep 26, 2019 |
This is old news. Nairaland why. I saw this news since early last week. 1 Like |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by anonimi: 9:00am On Sep 26, 2019 |
itsme01: Why are you bringing Ganduje and his babanriga video into this matter? Take ya time Oga Did you not hear that barawo bubu, the protector of all loyal thieves, has said he does not know what technology was used by the whistle blower www.nairaland.com/attachments/8052052_7933550img20181010173742jpeg751467abf997d0f04681694fa60a12b6_jpegddc5a13ba06b0c8f2c4f068b3fc9928a 2 Likes |
Re: FAAC Allocates N720.880bn Among FG, States, LGs For August by itsme01: 9:04am On Sep 26, 2019 |
anonimi: oga i no mention name oo as people don dey sue each other up and down on social media 1 Like 1 Share |
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