FG, states, LGs share N1.1 trillion from December 2023 allocation

The Federation Account Allocation Committee (FAAC) has shared N1.127 trillion in December 2023 federal revenue among the federal government, states and Local Government Councils (LGCs). This was disclosed in a communique by the FAAC at its January meeting, chaired by the accountant general of the federation, Oluwatoyin Madein. According to the communique, the N1.127 trillion revenue comprised distributable statutory revenue of N363.188 billion, distributable Value Added Tax (VAT) revenue of N458.622 billion, and electronic money transfer levy (EMTL) revenue of N17.855 billion. It also comprised an exchange difference revenue of N287.743 billion. “Total revenue of N1,674 billion was available in

By |January 24th, 2024|Categories: News|Tags: , , |0 Comments

How FG, States, LGs Shared N1.088trn November Allocation

    The Federation Account Allocation Committee has shared the sum of N1.088 trillion to the Federal Government, States and Local Government Councils. A communique issued at the end of the FAAC, in Abuja, on Friday, indicated that the allocation came from November 2023 Federation Account revenue. The N1.088 trillion distributable revenue comprised a distributable statutory revenue of N376.306 billion, distributable Value Added Tax revenue of N335.656 billion, Electronic Money Transfer Levy revenue of N11.952 billion and Exchange Difference revenue of N364.869 billion. According to the communique, a total revenue of N1.620 trillion was earned in November 2023. Out of

By |December 15th, 2023|Categories: News|Tags: , , |0 Comments

ASUP threatens nationwide strike over unresolved issues with FG, states

The Academic Staff Union of Polytechnics (ASUP), yesterday morning in Katsina, said it will embark on a nationwide industrial action beginning April 6,2021, over what the union called ‘’culture of neglect by government on issues affecting the technological education sub-sector.’’ ASUP President, Anderson U Ezeibe, who addressed the press shortly at the end of the 99th meeting of the National Executive Council of the union held at Hassan Usman Polytechnic, Katsina, outlined six key areas affecting the polytechnic education which the federal government have consistently toyed with and have failed to address over the years to include: Non implementation of

Go to Top