36 states take N143.6bn from federation account in September – Report
Abuja – The 36 states got N143.6 billion from the federation account in
September as their share of distributable revenue generated for the
month.
The breakdown shows in a report from a source at the office of the Accountant-General of the Federation in Abuja on Sunday.
The funds are usually shared the following month; for example, revenue
generated in January is shared in February; thus, the revenue shared was
actually generated in August and shared in September 2016.
The key agencies that remit funds into the federation account are the
Nigerian National Petroleum Corporation (NNPC), the Federal Inland
Revenue Service and the Nigerian Custom Service.
At the Federation Account Allocation Committee (FAAC) meeting in
September, federal, states and local governments shared N516 billion as
against the N530 billion that was shared in August.
The report showed that the amount distributed included the Gross
Statutory revenue, Value Added Tax, exchange gain, N35 billion excess
Petroleum Profit Tax and 13 per cent derivation to oil producing states.
The oil producing states are Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers.
The report showed that before distribution, state liabilities were deducted.
The liabilities include an external debt of N2.9 billion, contractual obligations of N10.48 billion and other
deductions amounting to N16.9 billion.
The report showed that other deductions coverred National Water
Rehabilitation Projects, National Agricultural Technology Support,
Payment for Fertilizer, State Water Supply Project, State Agriculture
Project and National Fadama Project.
To sum it up, here is what the 36 states got after all deductions were made.
Abia N3.01 billlion, Adamawa N3.14 billion, Cross River N2.04 billion,
Ekiti N2.16 billion, Edo N2.54 billion, Kaduna State N4.23 billion, Kano
State N5.2 billion, Lagos state N7.92 billion, Rivers N9.05 billion,
and Zamfara, N2.58 billion.
Delta N7.39 billion, Anambra N3.43 billion, Benue N3.37 billion, Borno
N3.9 billion, Ebonyi N2.99 billion, Enugu State N3.34 billion, Gombe
State N2.61 billion, Nassarawa State N2.92 billion, Imo N2.97 billion
and Kogi N3.39 billion.
Yobe got N3.29 billion, Taraba N2.89 billion, Sokoto state N3.62
billion, Plateau N2.31 billion, Oyo State N3.53 billion, Osun N868.9
million, OndoState N4.18 billion, Ogun N2.16 billion, Niger N3.49
billion and Kebbi N3.36 billion.
Also, Katsina state got N4 billion, Bayelsa N7.6 billion, Bauchi State
N3.52 billion, Jigawa N3.82 billion, Kebbi N3.36 billion and Kwara N2.77
billion.
The report also showed that the Federal Capital Territory got N4.7
billion from the Federal Government’s share of the distributable revenue
in September.
The FAAC committee is made up of commissioners of finance and
Accountants-General from the 36 states of the federation; the Accountant
General of the Federation, and representatives from the NNPC.
Others are representatives from the Federal Inland Revenue Service; the
Nigerian Custom Service; Revenue Mobilisation, Allocation and Fiscal
Commission as well as the Central Bank of Nigeria.
The federation account is currently being managed on a legal framework
that allows funds to be shared to the three tiers of government under
three major components.
These components are the statutory allocation, Value Added Tax distribution and allocation made under the derivation principle
News, Events, Entertainment, Gossips, Lifestyle, Fashion, Beauty, Inspiration and Sport
Tuesday, 25 October 2016
Friday, 7 October 2016
Police cuff and arrest 102 year old woman...find out why.
Edie Simms is a 102-year-old woman with an unusual item on her to-do
list. And, thanks to some officers in St. Louis, she was able to cross
that off, CNN reports. Simms wanted to be arrested -- handcuffed, and
placed in the back of a police cruiser.
"A St. Louis County car pulled up next to the police and Edie holds up her hands with the handcuffs on. She's just a riot."
Edie has produced over 400 handmade items -- scarves, eye glass cases, pot holders -- for the seniors at the center. Last Friday, she made her usual delivery, but this time she was ferried to the center in the back of a St. Louis PD car.
"We're more than happy to do these type of things," said Sgt. John McLaughlin. "We love it and we get more out of it than the seniors do." Simms couldn't be happier. "It`s a great world if you just open your eyes and look at it," she said.
"She was so excited that she can ride in a police car and she said, 'Do you think you could put those handcuffs on me?'" Michael Howard of the Five Star Senior Center told CNN affiliate KPLR.
"A St. Louis County car pulled up next to the police and Edie holds up her hands with the handcuffs on. She's just a riot."
Edie has produced over 400 handmade items -- scarves, eye glass cases, pot holders -- for the seniors at the center. Last Friday, she made her usual delivery, but this time she was ferried to the center in the back of a St. Louis PD car.
"We're more than happy to do these type of things," said Sgt. John McLaughlin. "We love it and we get more out of it than the seniors do." Simms couldn't be happier. "It`s a great world if you just open your eyes and look at it," she said.
Photos: Hundreds left dead in Haiti as Hurricane Mathew sweeps towards Florida (PHOTOS)
The number of people known to have been killed by Hurricane Matthew in
Haiti is increasing by the day as coastal villages and towns began
making contact with the outside world two days after being hit by the
most dangerous Caribbean storm in nearly a decade.
By the end of Thursday the authorities in Haiti had put the figure at 339. Bodies started to appear late on Thursday
as water receded in some places after the hurricane smashed concrete
walls, flattened palm trees and tore roofs off homes, forcing thousands
of Haitians to flee.
The Category 4 hurricane carried winds reaching 140 mph/220 kph flattened whole neighbourhoods. In the main city of Jeremie some 80 percent of buildings have been destroyed. Most of the casualties came in towns and fishing villages in Haiti’s southwest, with many killed by falling debris and swollen rivers
The Category 4 hurricane carried winds reaching 140 mph/220 kph flattened whole neighbourhoods. In the main city of Jeremie some 80 percent of buildings have been destroyed. Most of the casualties came in towns and fishing villages in Haiti’s southwest, with many killed by falling debris and swollen rivers
"All the money we had has been lost. Everything is lost. We’re lost, we don’t know (what to do). We could see the destruction and we asked for help. But no," said Julio Desire, a resident of La Savane, as he surveyed his destroyed house. hose killed included a woman and her 6-year-old daughter who frantically abandoned their flimsy home and headed to a nearby church to seek shelter, says Ernst Ais, mayor of the town of Cavaillon.
"On the way to the church, the wind took them," Ais told The Associated Press. At least 12 people died in his town, and death toll expected to increase.
The hurricane blasted the Bahamas on Thursday
with winds of 220 kilometres an hour as it headed towards Florida,
threatening the first direct hit on the United States in more than 10
years.
The US National Weather Service said the storm could be the most
powerful to strike the northeast of the state in well over 100 years –
although it is predicted to lose strength over the next two days. As
Matthew approached and winds got stronger, more than two million people
were urged to leave the coastal area.
Florida’s governor warned people that if they ventured onto the
beaches, the storm would kill them. Daytona Beach was put under curfew
from late on Thursday local time.
Airlines cancelled nearly 3,000 flights over two days, many of them in
or out of Miami and Fort Lauderdale. People have been stocking up on
food. Petrol stations announced they were out of supplies after cars
waited in long queues to fill up.
An extremely rare event, Disney closed its Florida theme parks, at least until Friday.
The hurricane warning also extended up the coast through Georgia –
where President Obama authorised the release of emergency federal aid –
and into South Carolina.
More photos...
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