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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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FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots Anti-Corruption DriveStill on the "National Single Window" Project By Abdulsalam MahmudTroops Foil Ambush in Borno, Kill 13 Terrorists, Recover WeaponsAmaye and the Tragedy of Jungle Justice By Umar Farouk BalaMinister: Tinubu’s Reforms Driven by National Interest, Not PartisanshipStrikes in Nigeria and the Collapse of Public Service By Tahir AhmadNAF Airstrikes Kill Over 15 Terrorists in Sambisa Forest Foundations to Hold Free Medical Outreach in Honour of CDS Musa in KadunaIG Deploys FPRO Adejobi to Delta State CommandTinubu Orders Mandatory Health Insurance Implementation Across MDAsNigeria Records 775 Terrorism Convictions in Eight Phases of Trials - Gen. LakaCustoms Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector GrowthHer Child Nearly Died Because She Skipped a Vaccine By Hafsat IbrahimNigeria Needs Peace Education, Community Investment to Tackle Extremism – PAVE Network New Education Curriculum: Full List of JSS, SS Subjects
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