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Nairaland Forum / Nairaland / General / Politics / FG, States, Lgas Get N990.189bn For Dec 2022 (126 Views)
Publish Monthly Allocation To States, LGAs – Falana Tells AGF / FG, States, LGAs Shared ₦966 Billion In July / Northwest Demands Lion Share Of Revenue Allocation To States, LGAs (2) (3) (4)
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FG, States, Lgas Get N990.189bn For Dec 2022 by ManirBK: 7:35am On Jan 19, 2023 |
The federal, state and local governments have shared a
total sum of N990.189 billion to the three tiers of
government, as Federation Allocation for the month of
December 2022.
Amount shared includes Gross Statutory Revenue, Value
Added Tax (VAT), Exchange Gain and Electronic Money
Transfer Levies (EMTL).
The federal government received N375.306bn, the states
received N299.557bn, the local government councils got
N221.807bn, while the oil-producing states received
N93.519bn as derivation (13% of Mineral Revenue).
The communiqué issued by the Federation Account
Allocation Committee (FAAC) at the end of the meeting
indicated that the gross revenue available from the Value
Added Tax (VAT) for December 2022 was N250.512bn,
which was an increase distributed in the preceding month.
From this amount, N7.215bn was allocated to NDDC
project and N10.020bn to Cost of Collection to FIRS and
NCS remaining N233.277bn which was distributed as
follows; federal government got N34.992bn, the states
received N116.639bn, local government councils got
N81.647bn.
Accordingly, the Gross Statutory Revenue of N1136.1bn
was received for the month which was higher than the sum
received in the previous month. From this amount,
N31.531bn was given to Cost of Collection and
N396.896bn to Transfers, Savings and Refunds remaining
the balance of N707.756bn which was distributed as
follows; federal government was allocated N325.105bn,
states got N165.897bn, LGCs got N127.129bn, and Oil
Derivation (13% Mineral Revenue) got N90.625bn.
Also, the sum of N24.315bn from the Electronic Money
Transfer Levies (EMTL) was distributed to the three tiers of
government as follows; the federal government received
N3.648bn, states got N12.157bn, local government
councils received N8.510bn.
The balance in the Excess Crude Account (ECA) as at
January 17th, 2023 stands at $473,754.57. https://dailytrust.com/fg-states-lgas-get-n990-189bn-for-dec-2022/ mynd44 oam4j lalasticlala seun |
Re: FG, States, Lgas Get N990.189bn For Dec 2022 by ManirBK: 6:33pm On Jan 20, 2023 |
God bless Nigeria |
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