Isa-Dutse attributed the decline to the decrease in revenue from export sales of $42.94 million due to a decrease in crude oil production by 1.25 million barrels.
Browsing: Federal Accounts Allocation Committee
Idris said the sum indicated a rise in the revenue shared by the three tiers of government of N169 billion for September compared to about N467.8 billion shared in August – inclusive of Value Added Tax (VAT).
He disclosed the distributable statutory revenue for the month is N387.852 billion while VAT collected for distribution stood at N80.533 billion.
The allocation was made using the revenue sharing formular, Federal Government, 52.68 per cent; states, 26.72 per cent and local governments 20.60 per cent. The report showed that before distribution, state liabilities were deducted.
…Gives fresh conditions for release of more funds Oscarline Onwuemenyi 22 March 2017, Sweetcrude, Abuja – Amid allegations of misuse…
