General

FG receives share of N606.196bn April 2020 federal allocation

The Federation Accounts Allocation Committee revealed this at its meeting held through virtual Conferencing.

 

Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Mahmoud Isa-Dutse who chaired the meeting said the amount is inclusive of VAT, Exchange Gain, Solid Mineral Revenue, Excess Bank Charges and Excess Oil Revenue.

 

Isa-Dutse said the Federal Government received N169.8bn, the States received N86bn, Local Government councils got N66.4bn, while the oil producing states received N32.8bn as derivation from 13% Mineral Revenue.

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