NewStats: 3,261,966 , 8,175,677 topics. Date: Saturday, 31 May 2025 at 09:42 AM j433g

The Federal Government, States and Local Government Councils, have shared a total of N762.597 billion as Federal Allocation for the month of June 2019, Igbere TV reports.

This was contained in a communiqué sent to Igbere TV by the Federation s Allocation Committee, FAAC, on Thursday.

The document which was signed by the ant General of the Federation, noted that revenue from Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) increased significantly.

This is even as the communiqué indicated that the gross statutory revenue of N652.949 billion received for July was higher than the N571.731 billion received in June by N81.218 billion.

It also noted that the shared amount comprises the month’s statutory distributable revenue of N652.949 billion adding that the gross revenue available from the Value Added Tax (VAT) is N108.631 billion as against N106.826 billion distributed in the previous month, thus resulting in an increase of N1.805 billion.

“Value Added Tax (VAT) increased marginally while royalties, import and excise duties decreased considerably. Thus, the total revenue distributable for the current month (including VAT and Exchange Gain) is N762.597 billion.

“Furthermore, from Net Statutory revenue, Federal Government received N309.433 billion representing (52.68 percent): States Government received N201.157 billion (26.72 percent); Local Government Councils received N151.384 billion representing (20.60 percent}, while the Oil producing States received N 38.705 billion (35 percent) as 13 percent derivation revenue.

“From the Revenue available from the Value Added Tax (VAT), the federal government received N15.643 billion (15 percent), States received N52.143 billion (50 percent) while the Local Government Councils received N36.500 billion (35 percent).

“Consequently the total revenue distributable for the month of June including VAT is N762.597 billion.

“The Excess Crude balance as at today, 25th July, 2019 is $111.204 Million,” the communiqué read in part.

http://igberetvnews.com/846557/faac-see-how-much-fg-states-lg-councils-shared-in-july/

With this huge amount of allocation shared and Bayelsa receiving over 14 billion naira, it's a big shame that governor Dickson find it difficult to pay salaries early.
8yrs of wastage. No road contructed, no street light, zero project and he's busy making a lot of noise in the state.
The forth coming gubernatorial election in the state will be like Indian film to Dickson. It will be filled with betrayal, rejection, deceipt and power play.

Watch this: https://www.instagram.com/tv/Bz0Zuv7gOzt/?igshid=7wsn2gcmiv81

Monies shared to be reshared amongst states and local thieves as the federal thieves are known cabals....

Read the first paragraph and compare with your topic again.

Modified.

Always sharing money every month...I know that one day Nigeria will come to an end.

This was contained in a communiqué sent to Igbere TV by the Federation s Allocation Committee, FAAC, on Thursday.

Who una dey deceive say them send am to una?. Every time una go copy news from other source come claim say them send am for una.

:P8

Abia hmmm! make i talk.

And we have just 774 local government. Why not give each local government 1 billion? Then the local government will give each ward 25 million. So that i will go and collect my 20k from our ward chairman. This country is not serious.

This our bubu is really doing what democratic governments didn't do. So Nigeria get money like this? He's paying npower and still these billions are available for share. God bless bubu biko. I hope Abia my dear state will use the money well.
Since the talk of giving money to LG direct came, they're grumbling on how to share the money.
Abians, arise!!!

Corrupt money. If they mistakenly send it to my I will return it.

Keep sharing dat won't stop them from collecting Loan to add to d Loot.. Keep Looting while stock last

Comminique sent to igbere news by FAAC .

As who now? Why una like to dey lie na? Who una wan impress for now?

Yahaya Bello will collect and will still not pay salary,Niaja is truly a zoo.

dheaven:

Who una dey deceive say them send am to una?. Every time una go copy news from other source come claim say them send am for una.

No mind the yeye bloggers without TV station.

Can You Make Heaven Like This?

dheaven:

Who una dey deceive say them send am to una?. Every time una go copy news from other source come claim say them send am for una.

Thinking of where you can buy foreign used laptop?

Then try us today...

dheaven:

Who una dey deceive say them send am to una?. Every time una go copy news from other source come claim say them send am for una.

.


You are very right.

Just imagine the alarming figures shared.
Yet the commoners barely survive.
Amazing

Hmmm. It's well

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Ajagunsegun1:
Always sharing money every month...I know that one day Nigeria will come to an end.

nigeria will be sold to the highest bidder

e.g usa,russia and china

las las they share those money buhari collect from madueke,okonjo iweala and co
i swear God go punish una if i no receive my own alert

This month's meeting is earlier than previous ones

seunmohmoh:
Corrupt money. If they mistakenly send it to my I will return it.

Hahaha

Is it not possible this people pay us as a citizen of Nigeria?
I've been hearing this since i was a kid, i still don't know if it works in other countries without inflation



Drabeey was Here

Always sharing monies but no team to do proper supervision and follow-up on whether they are put in the right uses.

Still won't stop some from not paying salaries

No bet9ja scam post

No MTN scam post

No sex position scam post..

I ready for una. I go report una till una go tire to create new monikers ( in Success' voice)

Useless pipo!