The Federation Accounts Allocation Committee has shared N 606. 196 billion to the three tiers of government for the month of April .
Director of Information in the Ministry of Finance , Budget and National Planning , Mr Hassan Dodo, made this known in a statement in Abuja on Friday.
Dodo said the meeting , which held by virtual , was chaired by the Permanent Secretary in the ministry, Dr Mahmoud Isa - Dutse.
He said the amount shared included Value Added Tax , Exchange Gain, Solid Mineral Revenue, Excess Bank Charges, and Excess Oil Revenue .
He explained that the Federal Government received N 169. 831 billion, the states got N86 .140 billion while the local government councils had N 66.411 billion and the oil - producing states received N 32. 895 billion as 13 per cent derivation.
The director , however, disclosed that the cost of collection of Federal Inland Revenue Service Refund and Allocation to North East Development Commission and Transfer to Excess Oil Revenue was N 15.134 billion .
“ The Gross Revenue available from the VAT for April 2020 was N 94. 495 billion as against the N 120. 268 billion distributed in the preceding month of March, resulting in a decrease of N 25. 772 billion.
“ The distribution is as follows; Federal Government got N13. 182 billion, the States received N 43. 941 billion, Local Government Councils took N 30.758 billon .
“ The distributed Statutory Revenue of N 370. 411billion received for the month was lower than the N597 .676 billion received for the previous month by N 227. 265 billion ,” he stated .
He said that Petroleum Profit Tax, Companies Income Tax, Import and Export Duties, Oil and VAT, all recorded a decrease.

source: https://punchng.com/faac-fg-states-lgs-share-n606bn-for-april/

Nigerians hold your Governors accountable. No be only Buhari be our problem .

At least salary is sure for us

valentineuwakwe:

source: https://punchng.com/faac-fg-states-lgs-share-n606bn-forapril/

May God helps us all

We dey trouble for this country ooooo

A whole country sharing only (less than) 2b a month (for 200m peolple).

IGR is impared due to near zero economic activities and the curreny is devalued

Tripple wahala

Poor wretched country!

Yet they are reproducing like rats.

Nigeria situation reminds me of Aladdin and the 40 thieves.

Thieves thieving the theft compromised treasury. Bleep them all

Politicians favourite hobby....

Money sharing....

This una share share self...

Salary secured atleast for this month

When are Nigerians going to man up and face these people?

After sharing these billions within themselves, they asked N-power volunteers to exercise patience for their stipend. Stipend o!

Let them share it as usual, awon werey dede

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Until each state begins to behave like a different country by developing its human and material resources and generating fx, productivity and internal sufficiency, naija won't develop

80% will be pocketed my the high and mighty ,while the rest will be used for state project ( national cake for April) when we know the level of figure inflation

The Presidential system of government we practice isn't suitable for us. It's too costly to operate. We should return back to Parliamentary system of government which loose federation.

Why are these people telling lies like kids. They just shared the money among themselves. God, save Nigeria. Meanwhile, I am aware that you would like to be making at least N2M per plot from Ibeju Lekki estates. Right? Click on the links on my signature for details.

Yankee101:
A whole country sharing only (less than) 2b a month (for 200m peolple).

IGR is impared due to near zero economic activities and the curreny is devalued

Tripple wahala

You didn't add the fact that activities are still grounded with devastating effects on the economy, now and in the near future. F9

Always sharing.

OgogoroFreak:
When are Nigerians going to man up and face these people?

After sharing these billions within themselves, they asked N-power volunteers to exercise patience for their stipend. Stipend o!

Man up? For how much?

200m people manning up to fight over less than $2billion.

We need to stop ffking and get productive.

As long as Nigeria govt can not Generate 10000MWts from the cradle, Nigeria is useless country

If only 10% of that money can be used for something innovative. But I doubt.

Let them continue sharing

From where I stand, I'm sorry to report that hope looks bleak

What's tha business?

Sharing money since 1960 with nothing to show for it, but billionaire politicians and generals.

.

Loot

Ahh.. No condition is permanent. This one will also pass,abi how u see am?