Govts share N788b


Accountant-General of the Federation, Mr Ahmed IdrisThe federal, state and local governments shared N788.139 billion from the federation account in October, the Accountant-General of the Federation, Ahmed Idris, disclosed yesterday.
Besides, the gross statutory revenue for the period was N682.161 billion, a N112.880 billion increase over the N569.281 billion figure of the previous month.
In a statement at the end of the Federation Account Allocation Committee (FAAC) meeting in Kaduna, Idris said crude oil sales increased by 0.82 million barrels, resulting in an increased revenue of $54.19 million to the nation.
He pointed out that the reports of revenue-collection agencies and military pensions were read and adopted, adding that the next FAAC meeting had been fixed for mid December in Abuja.
The post Govts share N788b appeared first on The Guardian Nigeria Newspaper – Nigeria and World News.


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