President Muhammadu Buhari has ordered the immediate payment of December salaries to Federal Government workers.

The Minister of Finance, Mrs Kemi Adeosun, who spoke yesterday in Abuja at the end of the monthly Federation Account Allocation Committee (FAAC) meeting, said salaries were already being paid in response to the Presidential directive.

She said salaries were being paid, and that people have already started getting alerts. “We are very conscious of the need that people are paid in time for the festive season,” she stated.

Mrs. Adeosun said the balance in the Excess Crude Account (ECA), was $2.258 billion as at December 22, adding that the amount remained unchanged from what it was in November. She said $150 million dividend from the Nigeria Liquefied Natural Gas (NLNG) was also shared at the meeting.

While giving the breakdown of what was shared for November among the three tiers of government, Mrs Adeosun lamented that there was revenue decline of N103.95 billion, indicating the difference of the N473.83billion for October and the N369.88 billion shared in November.



Yesterday, the three tiers shared a statutory revenue of N297.45 billion, Value Added Tax (VAT)-N61.18 billion, exchange gain-N4.92 billion and refund made by the Nigeria National Petroleum Corporation (NNPC) for debt owed the Federation Account-N6.33 billion.

From the statutory revenue of N297.45billion, the Federal Government after deducting the cost of collection to the Nigerian Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) received N139.5 billion; states N70.76 billion; and local government areas- N54.55 billion.

Also, N25.6 billion was allocated to the oil producing states as the 13 per cent derivation fund. For VAT revenue of N61.18 billion, the Federal Government, after deducting cost of collection of FIRS got N8.8 billion, while states pocketed N29.36 billion and local governments got N20.55 billion.

The finance minister attributed the decline in allocation to reduction in revenue which was caused by shutdown and shut-in of production at various terminals during the period.

She however painted an optimistic picture when she said: “Even though the revenues were currently down, non oil revenue is beginning to make up for the shortfall in oil revenue. Ongoing maintenance and the shutdown and shut-in of production for repairs at different terminals during the month continued to impact crude oil and gas revenue negatively.

“We don’t have to rely on oil with its price going down and very unstable. We are focusing on revenue from non-oil and you can see impressive N369.882 billion compliance with tax.”

Apart from repairs and maintenance, members of the FAAC were told that there was also a revenue loss of $19.43 million as a result of reduction in export even though the average price of crude oil increased from $46.96 in September to $49.58 in October while non oil revenue also decreased by N114.2billion in November in comparison to the previous month of October.

HerexG:
Is this supposed to be a news or what ? Are they not supposed to pay their salaries, so paying workers their salary in this government now is a big deal

DropShot:

The salary for December is not earned by any worker until after 31st of December. So, quit being irrational.

If the salary is paid before 25th, it's a favour and not a right even though Nigerians have come to see it as the later.

DropShot:

The salary for December is not earned by any worker until after 31st of December. So, quit being irrational.

If the salary is paid before 25th, it's a favour and not a right even though Nigerians have come to see it as the later.

DropShot:

The salary for December is not earned by any worker until after 31st of December. So, quit being irrational.

If the salary is paid before 25th, it's a favour and not a right even though Nigerians have come to see it as the later.

DropShot:

The salary for December is not earned by any worker until after 31st of December. So, quit being irrational.

If the salary is paid before 25th, it's a favour and not a right even though Nigerians have come to see it as the later.

HerexG:
Is this supposed to be a news or what ? Are they not supposed to pay their salaries, so paying workers their salary in this government now is a big deal

HerexG:
Is this supposed to be a news or what ? Are they not supposed to pay their salaries, so paying workers their salary in this government now is a big deal

ZUBY77:


You need to return to school.

richybanky:
I might gt alert today or probably 2mao ni yen, dere is hope for we corpers

HerexG:


Mental slavery, whether he pay at 1st or the 31st it doesn't by any way add to the value of the salary, it's still remains their due reward for working. Let's stop giving this politicians accolades for their responsibility.

studio14:
you are a big liar, we were paid some years back 15th of each month, even if government decided to pay 1st of the month it is no way a favour okay, because the job will be carried out, what do you say about the contractors paid before they start work, so is it a favour? If you don't know what to say but defending the government without knowing you re hurting the feeling of a lot of people you better keep quite and close that your bookal bookal

chuksbogus2001:
you must be an applicant, sacked fellow or a barrow pusher. when you don't know and don't know that you don't know then your doom is near. see what sentiment have turned you into.
You are entitled to your salary so far you have worked for 15 days in a month OK? so as from 16th your employer is owing you. so be educated

HerexG:
Is this supposed to be a news or what ? Are they not supposed to pay their salaries, so paying workers their salary in this government now is a big deal

DropShot:

If I tell you I earn millions monthly, you will not believe. So, let me accept I'm a barrow pusher. It doesn't make me one.

Nincompoop, tell us which law states you're entitled to your salary after 15th of every month? Olodo, it is called "monthly salary" for a reason and it is normally not earned before the month ends. So, if you get paid before the month ends, it's a priviledge and not a right.