• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

  • National
    • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

    • Government
      • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

        Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship

        Officers of NSCDC Mining Marshals

        Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

        FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

        ASUU-STRIKE

        Strikes in Nigeria and the Collapse of Public Service By Tahir…

  • Security
    • NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

      Military Troops in Action

      Troops Ambush Militia Plotting Attack on Plateau Villagers

  • Features
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      ACP Olumuyiwa Adejobi

      DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication

      (L-R) Yahaya Bello and Usman Ododo of APC Kogi

      RECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat Bello

      Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

  • State
    • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar

      NSCDC, Army Foil Bandit Attack on Plateau Farmers

      Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina

      Military Troops in Action

      Military Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto,…

      Military Troops during operations

      Troops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in…

  • Event
    • BUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or…

      Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

    • PR Nigeria Award
  • E-Paper
Home Economy FAAC Disburses N386bn to FG, States, LGCs in November 2016
  • Economy

FAAC Disburses N386bn to FG, States, LGCs in November 2016

By
Kenechukwu Offie
-
December 15, 2016
PRNigeria logo fearured image

AGF Ahmed Idris
AGF Ahmed Idris

A total sum of N386.879billion has been disbursed as Federal Allocation for the month of November 2016 for the Federal Government, State Governments and Local Government Councils of the Federation.

The Figure was released after the monthly meeting of the Federation Account Allocation Committee (FAAC) in Abuja today

According to the figures released by Office of the Accountant General of the Federation, the gross statutory revenue of N240.120 billion received for the month was higher than the N238.716 billion received in the previous month by N1.404 billion. Crude Oil export volume decreased further by 0.34 million barrels while the average price of Crude Oil increased, from $46.54 to $47.08 per barrel during the period under review.

Federation export sales revenue declined by about $14.74 million.

Read Also:

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers

A brief Force Majeure was declared at Bonny Terminal while the Force Majeure at Forcados, Qua Iboe and Brass Terminals were in place.
Federation revenue was low as a result of Shut-in and Shut-down of Pipelines for repairs and maintenance due to leakages and sabotage, however, Companies Income Tax (CIT) and Value Added Tax (VAT) recorded marginal increases.

The distributable Statutory Revenue for the month is N 206.448 billion. The sum of N 6.330 billion was refunded by NNPC to FGN.
There is a proposed distribution of N 66.000 billion from the Excess PPT Account. Also, exchange gain of N 38.852 billion is proposed for distribution.

The total revenue distributable for the current month (including VAT) is N 386.879 billion.

Consequently, from Statutory revenue, Federal Government received N97.897 billion (52.68%); States received N49.655billion (26.72%); Local Government Councils received N38.282 billion (20.60%); while the Oil Producing States received N13.613 billion as 13% derivation revenue.

Kenechukwu Offie (Mrs)
Director Information, OAGF
December, 15th 2016

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Accountant General of the Federation
  • CIT
  • faac
  • VAT
Previous articleLCBC Signs Mou With Powerchina On Water Transfer To Lake Chad
Next articleKillers of DSP Mohammed Alkali Arrested
Kenechukwu Offie
Kenechukwu Offie
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Customs Begins Live Operations of Automated Excise Register System

Still on the “National Single Window” Project By Abdulsalam Mahmud

Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private Sector Growth

Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

DG NITDA Inuwa Kashifu at the GITEX Nigeria

Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

Members of National Regional Development

FG Inaugurates Boards, Management Teams of Three Regional Development Commissions

Trade Facilitation: Nigeria Customs, NACCIMA Strengthen Partnership

Economic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s Economy

Luanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace for Africa’s Infrastructure Push

Tinubu Jets to Brazil After Japan Summit, Eyes Trade, Security Deals

Comptroller-General of Customs, Bashir Adewale Adeniyi (MFR), hosted the Executive Chairman of FIRS, Dr. Zacch Adedeji,

Customs and the “National Single Window” Project

FG Earmarks N13bn to Boost Power Infrastructure in Lagos, Ogun

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf Abubakar
  • DCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police Communication
  • NSCDC, Army Foil Bandit Attack on Plateau Farmers
  • Eid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun Partisanship
  • Troops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in Katsina
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Ganduje: A Lifetime of Service Beyond Politics By Garba Yusuf AbubakarDCP Olumuyiwa Adejobi: The Spokesperson Who Redefined Police CommunicationNSCDC, Army Foil Bandit Attack on Plateau FarmersEid El-Maulid: Kwara Gov Urges Muslims To Embrace Unity, Shun PartisanshipTroops Eliminate Bandits, Rescue Abductee, Recover Motorcycles in KatsinaMilitary Foil Terrorists Attack, Recover Dozens of Rustled Livestock in Sokoto, KebbiTroops Recover Weapons in Kwara Operation, Donate Fertiliser to Farmers in ZamfaraTroops Ambush Militia Plotting Attack on Plateau VillagersRECOMMENDED: Godfatherism the Ododo-Bello Way!! By Nafisat BelloBUKAA Announces 2025 AGM at BUK New Campus: Join In-Person or VirtuallyNigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo LarubaBuilding Resilience: Crisis Communication in Modern Organizations By Princewell N. AchorIGP Egbetokun Appoints CSP Hundeyin as New Force PROMilitary Explains Why Retirees Can’t Benefit from New Minimum Wage ChartCustoms Begins Live Operations of Automated Excise Register System
X whatsapp