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Home Government December 2014 Federation Account Allocation: FG, States, LGCs Share =N= 580.378...
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December 2014 Federation Account Allocation: FG, States, LGCs Share =N= 580.378 Billion

By
K. N. Offie (mrs.)
-
January 19, 2015

The three tiers of Government; Federal, States and Local Governments have shared a total of N 580.378 Billion (inclusive of VAT) as Federal Allocation for the month of December 2014.

From the abovementioned amount, the Federal Government got =N= 220.484billion (52.68%); the State Governments got =N=111.832billion ( 26.72 %) while the Local Governments got =N= 86.218 billion ( 20.60%) and the oil producing States got =N=47.221billion as 13% derivation revenue.

Read Also:

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According to the communique issued by the Federation Accounts Allocation Committee (FAAC) and signed by the Accountant- General of the Federation, Mr. Jonah Ogunniyi Otunla, FCA, OFR indicated that the gross revenue received for December was =N=490.031 billion.

According to the communique, there will be no sharing for “SURE-P” in the December Allocation due to the fact that there was no excess accrued from oil since the fall of oil price.

The sum of =N =6.330 billion was refunded by the NNPC to FGN. Also, there is exchange gain of =N =10.551 billion and additional amount of =N=15.631 billion from ECA and both were proposed for distribution.

This brings the total revenue distributable for the current month (including VAT ) to N580.378 billion.
K. N. Offie (Mrs.)
DD (Press)

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Court Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security VotesNDLEA Hands Over Intercepted 60 Cartons of Pregabalin to NAFDAC in KanoImo Police Raid IPOB/ESN Hideout, Arrest 18 Suspects, Recover ArmsKano’s Corruption Storm: A Test of Media Ethics and Public Relations By Umar BabangidaTroops Raid Illegal Arms Factory in Plateau, Arrest Suspect, Recover WeaponsSowore vs DSS: Free Speech or Defamation? By Mohammed Bego AbdullahiNAF Air Strikes Kill Scores of Terrorists, Destroy Enclaves in BornoFG, States, LGs Share N2.225trn Revenue for August – FAACICPC Secures Six-Year Jail Term for Sokoto River Basin DirectorNAHCON Boss Meets Katsina Governor, Pushes for Early 2026 Hajj Payments, Promises Easier ExerciseKaduna Police Arrest Two Suspects Over Illegal Possession of FirearmsTinubu Lifts State of Emergency in Rivers, Reinstates Fubara, LegislatorsBadaru Joins Global Leaders at Beijing Forum on Peace, SecuritySaudi Frees Nigerian Pilgrims Framed by Drug SyndicateTroops Ambush Bandits in Plateau, Neutralise One 
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