htdot:
What is NRC

National Republicans Convention.

agnes7:


National Republicans Convention.

Aunty Agii be calming down

Lol. No be only National Republican convention Na National Regulations Connection. Pls the actual name is Nigerian Railway Corporation

agnes7:


National Republicans Convention.

FG, states, LGs share N740bn revenue
"N54.206 billion was shared to the relevant states as 13% derivation revenue"
October 28, 2021
Print

Ahmed, FG FG, states, LGs share N740bn revenue
Finance Minister, Zainab Ahmed
By Emma Ujah, Abuja Bureau Chief
The federal, states and local governments have shared N739. 965 billion as federation revenue, which was earned in the month of September.

This was contained in a communiqué issued at the end of the virtual meeting of the Federation Account Allocation Committee (FAAC) for October.

The N739.965 billion total Distributable Revenue comprised distributable Statutory Revenue of N577.765 billion, distributable Value Added Tax (VAT) revenue of N159.096 billion and Exchange Gain of N3.104 billion.


In September 2021, N126.272 billion was the total deductions for cost of collection, statutory transfers, savings and refunds.

READ ALSO: Why FG’s recording capital expenditure-revenue mismatch – Finance Minister
The balance in the Excess Crude Account (ECA) was $60.860 million.

Fabregas1109:
FG, states, LGs share N740bn revenue
"N54.206 billion was shared to the relevant states as 13% derivation revenue"
October 28, 2021
Print

Ahmed, FG FG, states, LGs share N740bn revenue
Finance Minister, Zainab Ahmed
By Emma Ujah, Abuja Bureau Chief
The federal, states and local governments have shared N739. 965 billion as federation revenue, which was earned in the month of September.

This was contained in a communiqué issued at the end of the virtual meeting of the Federation Account Allocation Committee (FAAC) for October.

The N739.965 billion total Distributable Revenue comprised distributable Statutory Revenue of N577.765 billion, distributable Value Added Tax (VAT) revenue of N159.096 billion and Exchange Gain of N3.104 billion.


In September 2021, N126.272 billion was the total deductions for cost of collection, statutory transfers, savings and refunds.

READ ALSO: Why FG’s recording capital expenditure-revenue mismatch – Finance Minister
The balance in the Excess Crude Account (ECA) was $60.860 million.

At long last!

Ministry of Health confirmed

Fabregas1109:
Ministry of Health confirmed

Good update

Better. I thought this month wanted to delay

Fabregas1109:
Ministry of Health confirmed

Jmandotcom:
Better. I thought this month wanted to delay

Better how? Have you seen yours?

Zagamandope:

Better how? Have you seen yours?

nothing up till now oooo at FMC

Nah. I'm just saying it is good that at least some have started receiving. Others should roll in soon.

Zagamandope:

Better how? Have you seen yours?

Jmandotcom:
Nah. I'm just saying it is good that at least some have started receiving. Others should roll in soon.

Do you know of any body that have received?

Nah. Non from my agency yet. Only the one or two people here who said theyve received.

htdot:

Do you know of any body that have received?

This one that everywhere is quite. It seems most of us will have to wait till next week before seeing anything.

Jmandotcom:
This one that everywhere is quite. It seems most of us will have to wait till next week before seeing anything.

Its true my brother. Nothing from this end ooo!

ashafson:

Its true my brother. Nothing from this end ooo!

Seems salaries have not started dropping. What is happening?

I told u guys that delay in FAAC will affect salary this month, anyways the rain will start falling first thing Monday morning.

Failed state!

A promise yet fulfilled...

Stories upon stories!

Ngige Na your hand we dey!

Alo231:
Failed state!

But the date is 2020 not 2021

Gooodlife2021:
But the date is 2020 not 2021

Exactly his point. Since last year we were promised, lets hope this year is not also a failed promise

ashafson:

Exactly his point. Since last year we were promised, lets hope this year is not also a failed promise

okey now I understand,delay tactics.

Shebi dem been talk say on or before 30th of this month. Now what is today's date?

if you believed any of those promises of "on or before of 31st October" ..then you are on a long thing o

Alexjayson:
I told u guys that delay in FAAC will affect salary this month, anyways the rain will start falling first thing Monday morning.

i don't understand pls kindly explain the bolded

Salaries hopefully will start entering as from Monday

999monikers:
[/b] i don't understand pls kindly explain the bolded

Jmandotcom:
Salaries hopefully will start entering as from Monday

Hopefully?

Jmandotcom:
Salaries hopefully will start entering as from Monday

I doubt because faac meeting that held on 18 had so many issues which was then adjourned to yesterday which was 28th, so I think it will take a week more before salaries are generated. Though I pray they pay on Monday cos like this like this my money and everything don finish kpata kpata

Yeso

NollyMedia:
Hopefully?

Eiweee...will take a week more? Let's see how it goes sha

999monikers:
I doubt because faac meeting that held on 18 had so many issues which was then adjourned to yesterday which was 28th, so I think it will take a week more before salaries are generated. Though I pray they pay on Monday cos like this like this my money and everything don finish kpata kpata

Jmandotcom:
Eiweee...will take a week more? Let's see how it goes sha

Right now people are already finished completely. But If it takes up to one more week, some people will be completely finished.

NollyMedia:
Right now people are already finished completely. But If it takes up to one more week, some people will be completely finished.

This your english dey completely confusing abi confusingly completely.

I think we should find a lasting solution for this waiting for salary issue every month end.
I suggest we adjust our item buying period to the middle of the month so that we relax month end or better still, budget for 2 or 3 months ahead.
Pls suggestions are welcome.