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Okechukwu Nnodim, Abuja
The Federation Accounts Allocation Committee at its virtual meeting on Thursday shared N640.31bn as federation allocation for January 2021 to the three tiers of government.
From this amount, the Federal Government received N226.998bn, states received N177.171bn, while the local government councils got N131.399bn.
The oil-producing states received N26.777bn as derivation (13 per cent of mineral revenue) and cost of collection/transfer and refunds got N75.966bn.
The communique issued by FAAC at the end of the meeting indicated that the gross revenue available from the Value Added Tax for January 2021 was N157.351bn.
Federal government, states, local councils share N640 310 billion for January 2021
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ALTERNATIVE By Reno Omokri
How did the Southwest get the Presidency in 1999? It was because they were united as a people after the death of Chief MKO Abiola, in saying that if justice was not done to them, they would leave Nigeria.
There were absolutely no dissenting voices. And the most liberal and nationalistic Yoruba man, Chief Olusegun Obasanjo, was quoted as saying âI believe in unity, but I do not believe in unity at all cost.â
The military regime of General Abdulsalami Abubakar was stunned. The North panicked. The rest of the country looked on helplessly.
Every attempt at breaching the resolve of the Southwest was frustrated. Fringe sycophants who tried to voice out their Northern masters’ opinions were publicly beaten to a pulp by Yoruba youths. Those who were tempted by the crumbs from the powers that be, learnt their lessons from the mistakes of those less fortunate men.
By Etuka Sunday
The Federation Accounts Allocation Committee (FAAC), yesterday at its meeting through Virtual Conference shared to the three tiers of government, a total sum of N619.343 billion as federation allocation for the month of December, 2020. From this amount, inclusive cost of collection to NCS, DPR and FIRS, the Federal Government received N218.297 billion, the States received N178.280 billion, the Local Government councils got N131.792 billion while the oil producing states received N31.827 billion as derivation (13% of Mineral Revenue) and Cost of Collection/Transfer and Refunds got N59.147billion. The communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for December, 2020 was N171.358 billion as against N158.785 billion distributed in the preceding month of November, 2020, resulting in an increase of N14.572 billion.
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