I met her on facebook.

[i][/i]The Federal Government, State Governments and Local Government Councils have shared a total of N345.095 billion as Federal allocation for the month of February, 2016.

A communiqué issued by the Federation Accounts Allocation Committee (FAAC) and signed by the Accountant General of the Federation Ahmed Idris indicated that the Gross Revenue of N270.499 billion received for the month of February is lower than the =N=290.961 billion received the previous month by =N=20.462 billion.

The communique further indicated that Oil Production increased slightly between December, 2015 and January, 2016 despite explosions at Escravos Terminal, Force Majeure declared at Brass Terminal, Shut-in and Shut-down of pipelines at other Terminals for repairs and maintenance.

There was also revenue loss of $45.90million as a result of drop in average price of Crude Oil from $39.04 in December, 2015 to $29.02 in January, 2016. Also, a substantial drop in income was recorded from Oil and Gas Royalty, Companies Income Tax and import Duty.

Consequently, the distributable Statutory Revenue for the month is N=270.499billion. The sum of =N=6.330 billion was refunded by NNPC to FGN. There is exchange gain of =N=3.485 billion which was included in the amount for distribution. The value added tax VAT realized N64.781 billion was also included for distribution.

Based on the foregoing, the total revenue distributable for the current month inclusive of VAT is =N=345. 095 billion.

The details of the Statutory revenue distributed for the month of February is as follows: Federal Government received N127.200 billion (52.68%); States received N64. 518 billion (26.72%); Local Government Councils received N49.740 billion (20.60%); while the Oil Producing States received N22.780 billion as 13% derivation revenue.

Furthermore, for the month of February, 2016, the gross revenue available from the Value Added Tax (VAT) was =N=64.781 billion as against =N=69.719 billion distributed in the preceding month, resulting in a decrease of =N=4.938 billion.

The breakdown of the Value Added Tax (VAT) distribution for the month is as follows: Federal Government received N9.329 billion (15%); States secured N31.095 billion (50%) while the Local Government Councils got N21.767 billion (35%).

[color=#990000][/color]battered by the sharp drop in the price of crude oil in the global market, as parts of measures aimed at stabilising it.

This is one of the outcomes of a two-day retreat organised by the National Economic Council chaired by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

The governors of Zamfara and Anambra states, Abdulaziz Yari and Willie Obiano; Minister of Budget and National Planning, Senator Udo Udoma; and his Finance counterpart, Mrs. Kemi Adeosun, read the retreat’s communique to State House correspondents at the end of the programme.

Adeosun expressed the conviction that the money, which would be released by her ministry in the coming months, would restore significant economic activities in the country.

She said for contractors to benefit from the fund, they must show proof of the number of Nigerians that would be re-engaged.

Adeosun said, “From the Ministry of Finance, in anticipation of the approval of the budget, we have virtually lined up about N350bn, which we will be pumping into the Nigerian economy in the forthcoming months.

“We explained our rationale and the processes that we have put in place to ensure that this money actually achieves the desired objective, which is to stimulate the economy. We are already discussing with some of the contractors who will be paid this money, and the objectives from the overall criteria is the number of Nigerians that will be re-engaged.

“We are specifically looking at contractors who have laid off staff and how many Nigerians they are going to put back to work as a result of this money that we are planning to release, and we believe that this will bring significant economic activity.”

The minister said participants at the retreat called on state governors to reduce the number of their political appointees, including commissioners, as much as possible.

“State governors were encouraged, where possible, to rationalise the number of commissioners and general political appointees, and in addition, cost-control measures should be identified and implemented on an ongoing basis, and there was a sharing of best practices from a number of states that could be applied elsewhere,” Adeosun added.

The minister also said the retreat called on state governments to bring in more cost-efficiency into their operations, noting that they were asked to establish efficiency units to achieve the feat.

She added, “We deliberated extensively on the drop in revenue, particularly as to how it affects the state governments and their ability to pay salaries and fulfil other obligations.

“The general resolve of the house and the consensus was that there was a need to bring in more cost-efficiency in their operations, in particular to look at the setting up of efficiency units within the state governments to rationalise expenditure, and of course, to increase IGR.

“To that end, there is a need to generate data because data is the basis of any revenue collection effort. The federal and state inland revenue services will collaborate to do joint audits to invest in revenue, relevant technology and efforts to improve collection.

“There is a need to develop incentives for both federal and state revenue generating agencies to ensure that there is an alignment of interest.

“There is a focus at state level on property and consumption taxes to help in improving revenue in a fair manner. Taxpayer education must be intensified and to expand the tax base and ensure that there is a buy-in in the revenue collection agencies from the populace.”

Adeosun added that the retreat also discussed the Universal Basic Education Commission and the need to get legislative approval to change the need for counterpart funding on the part of state governments, which is believed to be putting them further into debt.

This, she explained, would release an estimated N58bn currently not being accessed.

Seequadry:
@104.....kilo tun ku?..resting lo sure juu

@ 104,Iya oba sunn re o

Saraki,Obasanjo season 1

You have omitted your owm method of stealing.

Lai Mohammed,is only making noise like empty vessel. Let's him mention their names if he bold enough.

Emekamex:


Source-> http://www.punchng.com/lagos-community-where-landlords-prefer-indians-lebanese-to-nigerians/

In their country they enslave Nigerian
Right here in our home land they enslave us too. I don't blame them,the fault is from Ilupeju Landlord and our government.

GEJ is a man of hero,a man who does not desperate for power,a man who allow peace to reign during the 2015 eletion. The first Nigeria Dr President,a man who left the presidential post and became an international man.

Buhari need to apply wisdo,and not power.

[color=#000099][/color]A man returned from work at night and heads straight to the bedroom to make love to his wife.
When done, he went straight to the kitchen to fetch himself a bottle of cold drink only to find his wife there looking for something in the fridge. He asked his wife how she quickly made it to the kitchen when they've just finished making love.
His wife screamed: "Aahh! That was my mother in the bedroom, she was so tired when she arrived so I let her sleep in our room". Alarmed, she ran to her mother and asked her why she didn't say anything when her husband was making love to her. Mother replied: "you know say me and your husband no dey talk".

Na wah for mtn o