Zenith Bank - Explore Endless Possibilities
ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
Home Business

FG, States, LGAs share N467.8bn for August

23rd August 2017
in Business, Cover
0
0
SHARES
38
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

From Uche Usim, Abuja
The Federal Accounts Allocation Committee (FAAC) Tuesday revealed that the three tiers of government shared N467.852 billion as against July figure of  N652.229 billion they got in July.
The crash in shared revenue also reflected in gross statutory revenue received for the month which dropped by N183.266 billion to N387.319 billion compared to N570.584 billion received in previous month.
The Permanent Secretary, Ministry of finance, Dr. Mahmoud Isa Dutse while addressing the media after FAAC meeting said the amount shared comprised Value Added Tax( VAT), Company Income Tax and Petroleum Profit Tax( PPT).
He explained that, though the  month under consideration recorded increase in average Price of crude oil from $50.27 to $51.05 per barrel and significant increase in export volume by 1.20 barrels, resulting to increase revenue from export sales for federation by $62 million, the amount shared reduced drastically.
"Despite the increases, there were issues of leaking flow lines, shut-ins and shut downs at terminals for maintenance and the force majeure declared at forcados terminal since February, 2016 subsisted ", he said.
Of statutory shared, federal government got highest allocation in the sum of  N181.451 billion, states got N92.035 billion ; local government got N70.955 billion while N31.591 billion was shared by oil producing States as 13%  derivation .
The balance in excess crude account is put at $2.3 billion
Ikenna Emewu

Ikenna Emewu

Related Posts

2019: As Nigeria decides
Cover

Poll shift: US, UK, Observer Missions urge Nigerians to remain calm

17th February 2019
Harvest of losses greets postponed election
Cover

Harvest of losses greets postponed election

17th February 2019
PDP sues APC, INEC over foreigners’ presence at Buhari’s rally
Cover

INEC merely postponed APC’s doomsday — Rivers PDP

17th February 2019
Next Post

Wike, Ikpeazu, Amechi for Abuja less privileged symposium

Ortom visits wife of slain aide

Ortom visits wife of slain aide

Ekiti govt. disburses N190m vehicle/housing loans to 751 teachers, others

Ekiti govt. disburses N190m vehicle/housing loans to 751 teachers, others

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Highlights

Poll shift: US, UK, Observer Missions urge Nigerians to remain calm

Election postponement a big slap on Nigerians, says Gani Adams

Our boycott call-off forced INEC to postpone election — IPOB

Ibikunle Amosun: An ambition tempered with obsession

Ugwuanyi recruits additional 1000 youths to boost Clean Team project

Police arrest 400 suspected thugs in Akwa lbom

Trending

Before you commit suicide; read this
Columns

Before you commit suicide; read this

17th February 2019
0

Prof Alex Lickerman in his famous treatise and didactic book, enumerated the “ 6 reasons why people...

What you need to know about cramps

What you need to know about cramps

17th February 2019
Elections: Much Ado about election observers

Elections: Much Ado about election observers

17th February 2019
2019: As Nigeria decides

Poll shift: US, UK, Observer Missions urge Nigerians to remain calm

17th February 2019
Election boycott: A vote against democracy

Election postponement a big slap on Nigerians, says Gani Adams

17th February 2019
The Sun Nigeria

Follow us on social media:

Categories

  • Abuja Metro (570)
  • Arts (11)
  • Broken Tongues (123)
  • Business (8,114)
  • Business Week (61)
  • Columns (5,538)
  • Cover (18,837)
  • Culture (25)
  • Duro Onabule (110)
  • Editorial (1,121)
  • Education Review (648)
  • Effect (159)
  • Elections (1,091)
  • Entertainment (1,528)
  • Events (30)
  • Features (2,310)
  • Femi Adesina (4)
  • Food & Drinks (82)
  • Frank Talk (99)
  • Funke Egbemode (106)
  • Gallery (5)
  • Health (877)
  • Insights (119)
  • Kalu Leadership Series (47)
  • Kunle Solaja (3)
  • Kunle Solaja (23)
  • Letters (80)
  • Lifeline (1,288)
  • Lifestyle (80)
  • Literary Review (418)
  • Marketing Matters (45)
  • National (38,693)
  • News (715)
  • Offside Musings (46)
  • Opinion (3,175)
  • oriental news (568)
  • Politics (6,172)
  • PressClips (144)
  • Public Sphere (104)
  • Ralph Egbu (129)
  • Shola Oshunkeye (18)
  • Sideview (1)
  • South-west Magazine (593)
  • Sporting Sun (2,564)
  • Sports (7,289)
  • Sun Girl (893)
  • Tea Time (27)
  • The Flipside – Eric Osagie (69)
  • The Sun Awards Live (67)
  • The Sun TV (71)
  • Thoughts & Talks (30)
  • Time Out (101)
  • Today's cover (14)
  • Tola Adeniyi (63)
  • Travel (15)
  • Travel & Tourism (75)
  • Trending (79)
  • TSWeekend (921)
  • Turf Game (110)
  • Uncategorized (9)
  • Updates (106)
  • Views from Abroad (56)
  • Voices (116)
  • World (14)
  • World News (4,033)
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2018 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2018 The Sun Nigeria - Managed by Netsera.