Another Small Rise in the Diminished FAAC Payout in February 2021


303097



The
gross monthly distribution by the Federation Account Allocation Committee
(FAAC) to the three government tiers and eligible agencies totalled NGN640bn
(USD1.56bn) in February (from January revenue), This was NGN21bn above the
previous month’s payout. From thin coverage in the local media, we learnt that
the take from petroleum profit tax (PPT) was substantially higher than the
previous month, that the collection of import duty was a little higher, and
that receipts from VAT, oil and gas royalties, and excise duty were lower than
in December. State governments received a total of NGN204bn including NGN27bn
representing the 13% derivation for the few oil-producing states.



Click here to read the full news from ProShare.ng


Like it? Share with your friends!

303097

What's Your Reaction?

hate hate
6088
hate
confused confused
15220
confused
fail fail
10654
fail
fun fun
9132
fun
geeky geeky
7610
geeky
love love
3044
love
lol lol
4566
lol
omg omg
15220
omg
win win
10654
win
9jaheadies

0 Comments

Your email address will not be published.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

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format