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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:

  • Military Eliminate Bandit in Plateau, Rescue Abducted Victim
  • Troops Ambush Bandits in Plateau, Neutralise One, Rescue Kidnap Victim
  • New MPB Chairman AVM Abubakar Adamu Pledges to Prioritise Retirees’ Welfare

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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Military Eliminate Bandit in Plateau, Rescue Abducted VictimTroops Ambush Bandits in Plateau, Neutralise One, Rescue Kidnap VictimNew MPB Chairman AVM Abubakar Adamu Pledges to Prioritise Retirees’ WelfareDHQ, NIS Team Up to Revive Nigerian SportsA Different Kind of War on Drugs By As-Sayyidul Arafat AbdulrazaqMNJTF Receives 5 Swamp Buggies to Boost Security, Economic Recovery in Lake Chad RegionNAHCON Completes 2025 Hajj Return Operations LAKE CHAD: Major Victory as 210 Boko Haram Terrorists, Families Surrender to MNJTFIn Plateau, Security Forces Dislodge Militias, Reclaim Villages in BokkosGallant Troops Nab 25 Suspected Bandits, Kidnappers in BenueIran Must Never Possess Nuclear Weapons - G7 DeclarePolice to Destroy Unexploded Explosive Devices in YobeMilitary Receives 84 CNG-powered Vehicles to Enhance OperationsFCT Police Urges Influencers to Spotlight Heroism, Not Just Negativity on SecurityFor Aminu Dantata to Sleep Well… By Abdullahi O Haruna Haruspice
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