FG, states, LGAs share N1.4 trillion in October
Oil-producing states benefited from a Derivation payment of N132.404 billion, representing 13 per cent of Mineral Revenue.
Oil-producing states benefited from a Derivation payment of N132.404 billion, representing 13 per cent of Mineral Revenue.
The Federal Government received N374.925 billion, the States N422.861 billion and the local government N306.533 billion.
The Federal Government received N259.641 billion, the states received N222.949 billion, and the Local Government Councils got N164.247 billion.
The Federal Government received N212.146 billion, the State Governments received N179.242 billion, and the Local Government Councils received N132.193 billion.
The FIRS said the electronic system would also help block leakages in tax collection.
The collection is N77.89 billion higher than the N3.941 trillion collected within the corresponding period in 2018.
The gross statutory revenue received was about N446.6 billion.
The AGF said the balance in the Excess Crude Account currently stands at about $2.49 billion.
The corporation refuses to pay royalty, profit tax on JV oil, gas assets says DPR.
Federal, State and Local Governments on Wednesday shared over N701 billion as statutory allocation for the month of May.
The increase in oil receipt relative to the proportionate budget estimate was attributed largely to the rise in the other ...
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