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FG, States, LGA’s Share N741.8bn in September

FG, States, LGA’s Share N741.8bn in September

A total of N741.843 billion has been shared between the federal, states and local governments of the country as Federal Allocation for the month of September, 2018 . The figure is a cumulation of the revenue generated within the previous month of August, 2018.

According to the Federal Account Allocation Committee, the Gross statutory revenue of N627.139 billion received for the month was higher than the N609.975billion received in the previous month. The Federal Government received N274billion representing 52.68 per cent; States received N139.427 billion representing 26.72 per cent; Local Government Councils received N107.493 billion representing 20.60 per cent; while the Oil Producing States received N53.034 billion also representing 13 per cent derivation revenue.

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