• FG, States, LGs share N510.270bn in August

    FG, States, LGs share N510.270bn in August

    Finance Minister, Mrs Kemi Adeosun, on Tuesday, revealed that the Federal Government, the 36 states and local governments shared a total of N510.270 billion as revenue allocation for August 2016. The figure was N16.44 billion higher than N493.828 billion shared in July.

    Giving a sectoral breakdown of funds available for distribution after the meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja, Adeosun explained that the improvement in allocation was as a result of higher revenue collection, especially from the […]