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FG, states, LGs share N619.343bn for December 2020

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Okechukwu Nnodim, Abuja
The Federation Accounts Allocation Committee on Wednesday at its virtual meeting shared a total sum of N619.343bn as federation allocation for the month of December 2020 to the three tiers of government.
From this amount, the Federal Government received N218.297bn; states received N178.28bn; Local Government councils got N131.792bn; while the oil-producing states received N31.827bn as 13 per cent derivation of mineral revenue.
A statement issued in Abuja by the spokesperson of the Federal Ministry of Finance, Budget and National Planning, Hassan Dodo, also stated that the cost of collection/transfer and refunds got N59.147bn. ....

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