Nigerian govt, states, LGs share N467.8 billion in August as revenue drops
There was a shortfall in revenue by N184.2 billion from N652 billion shared in July.
There was a shortfall in revenue by N184.2 billion from N652 billion shared in July.
The shared amount comprised the month's statutory distributable revenue of N570.584 billion and the VAT of N81.645 billion.
The FG had instructed states to deploy funds for payment of debts
The latest payment is the second tranche of the refunds to the states.
The federal government released N388.30 4billion of the N522.74 billion to 35 states.
During the FAAC meeting, a total of N462.4 billion was shared as revenue among the three tiers of government.
Oil revenue also dropped during the month.
The Acting President wrote the two chambers of the National Assembly for permission for the loan.
Without the monthly disbursement from the Federation Account Allocation Committee, many states remain unviable.
The electricity distribution company apologised to its customers.
Sabotage of oil pipelines also led to reduced oil production.
Autonomy, Mr. Fowler said, is the key to professionalism and generation of more revenue.
The machines would also be sold to private millers at reduced rates.
The government made more revenue in January than December.
Good negotiation can bring down hajj fairs, an official said.
The lowest recipients are Gombe and Ebonyi States that got N46 billion each.
The minister inspected roads in the South East on Friday and Saturday.
The loans are a part of President Buhari’s Social Investment Programmes.
The plan is" welcome because we have nothing to hide in the states."
The firms are to monitor the implementation of 22 conditions under which states could access a N510 billion credit.
The first batch of N153.01 billion is currently being processed for release to 14 state governments.
Ambassador Symington was confirmed by the U.S. Senate on September 28.
"We are aware that there are some VIP's who have come into the state with their armed security men."
The targeted group would be civil servants on levels eight to 15.
A sitting governor was also allegedly assaulted by the operatives.
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