Hello Guest!

To be a member of this forum, click one of these buttons below!

Contact naijanetwork Nigeria forum for adverts
advertise on naijanetwork forum Nigeria forum
advertise on naijanetwork forum Nigeria forum

Avertise on Naijanetwork Forum Avertise on Naijanetwork Forum

FG, states, LGs shared N386Bn allocation for November

36-States.jpg

The Federation Accounts Allocation Committee has allocated a total of N386.9bn to the three tiers of government for the month of November.

The amount, when compared to the N420bn distributed in October, represents a decline of N33.1bn.
Addressing journalists shortly after the meeting, the Minister of Finance, Mrs. Kemi Adeosun, represented by the Accountant General of the Federation, Idris Ahmed,attributed the decline to a drop in crude oil export by 0.34 million barrels per day during the period under review.

The breakdown as follows:

– The Federal Government received N97.9bn, representing 52.68 per cent of the total available for sharing;

– The states got N49.6bn, representing 26.72 per cent; while

– Local governments received N38.2bn or 20.60 per cent of the amount distributed.

Source: http://nigerianewstoday.com.ng/fg-states-lgs-shared-n386bn-allocation-for-november/

Share this post


Share Your Thoughts.
Leave Your Comments.

or to comment.

Avertise on Naijanetwork Forum Avertise on Naijanetwork Forum