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FAAC allocation in 2020 not bad -

May surpass 2019 figure at year end By Elizabeth Adegbesan Federation Accounts Allocation Committee (FAAC) revenue to the Federal Government, 36 states and 774 local governments fell by just five percent to N7.14 trillion in eleven months (January to November) from N7.46 trillion in the same period of 2019. Going by the recent trend in the volume of FAAC allocation, it is likely that the 5.0 percent gap would be wiped out with the year end distribution, surpassing the 2019 full year figure of N8.2 trillion. This is contrary to presumptions earlier in the year that government revenue was under massive pressures from the impact of COVID-19, a sentiment that had lead to average 25 percent cut in the already enacted Appropriation Act of the Federal Government as well as all the 36 states.

Nigeria generalElizabeth adegbesanNational bureau of statisticsFederation accounts allocation committeeKindly share this storyAccounts allocation committeeFederal governmentAppropriation actDeeper lifeNational bureauAkwa ibomInternally generated revenueShare this storyநைஜீரியா ஜநரல்தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள்கூட்டமைப்பு கணக்குகள் ஒதுக்கீடு குழு

How we created opportunities out of Year 2020 challenges — NNPC

How we created opportunities out of Year 2020 challenges NNPC On Kindly Share This Story: The year 2020 is a year like no other. A year that threw up a health challenge which brought the whole world to its knees. The coronavirus pandemic precipitated the lockdown of social and economic activities across the world, displacing the fortunes of many nations and businesses with the Oil and Gas Sector not being an exemption. 2020 is a year that brought West Texas Intermediate crude futures to below zero dollars. A calamity never seen before. However, like the hot fire that produces the finest steel, the challenges that Covid-19 threw at humanity brought the ingenuity and astute management skills of the NNPC Group Managing Director and his team to the fore.

United statesFederal capital territoryAbuja federal capital territoryPort harcourtMuhammadu buhariCorporate servicesNational assemblyPort harcourt refining companyMonitoring committeePetroleum products marketing companyFederation accounts allocation committeeBusiness development directorateNational gas expansionNigerian petroleum development companyExtractive industries transparency initiativeOil company

Nigeria: How We Created Opportunities Out of Year 2020 Challenges - NNPC

Nigeria: How We Created Opportunities Out of Year 2020 Challenges - NNPC
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

United statesFederal capital territoryAbuja federal capital territoryPort harcourtMuhammadu buhariCorporate servicesNational assemblyPort harcourt refining companyMonitoring committeePetroleum products marketing companyFederation accounts allocation committeeBusiness development directorateNational gas expansionNigerian petroleum development companyExtractive industries transparency initiativeOil company

FG, States, LGCs share N601bn for Nov, says Perm Sec

FG, States, LGCs share N601bn for Nov, says Perm Sec
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.

Abuja federal capital territoryAliyu ahmedTemitope ponleRevenue serviceNational planningFederation accounts allocation committeeCompanies income taxDepartment of petroleum resourcesGovernment councilsNigeria customs servicePetroleum profit taxFederal governmentPermanent secretaryHassan dodoPetroleum resourcesFederal inland revenue service

FAAC: FG, States, LGCs Share N601bn Nov Revenue

The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion for the November 2020 revenue to the federal, states and local government councils and agencies. This was announced in a statement after the FAAC meeting held at the Federal Ministry of Finance headquarters, Abuja and chaired by the Permanent Secretary, Federal Ministry of Finance, Alhaji Aliyu Ahmed. The amount of N601.110 billion comprised statutory revenue of N436.457 billion; Value Added Tax (VAT) revenue of N156.786 billion and augmentation of N7.867 billion from the Forex Equalisation revenue. According to the statement, while the gross statutory revenue of N436.457 billion available for the month of November 2020 was higher than the N378.148 billion received in the previous month by N58.309 billion, the gross revenue of N156.786 billion available from the Value Added Tax (VAT) was also higher than the N126.463 billion available in the previous month by N30.323 billion.

Abuja federal capital territoryAlhaji aliyu ahmedCompanies income taxPetroleum profit taxFederation accounts allocation committeeFederal ministryPermanent secretaryAlhaji aliyuValue added taxForex equalisationFederal governmentState governmentsImport dutyExcise dutyGas royaltyExcess crude account