FG, states, LGs share N619.343bn

Government does not introduce new taxes in 2021 - Minister of Finance

The Federation Account Allocation Committee on Wednesday at its digital assembly shared a sum complete of N619.343bn because the federation’s allocation for December 2020 for the three layers of presidency.

Of this quantity, the Federal Authorities obtained N218.297 billion; states obtained N178.28bn; Native authorities councils obtained N131.792 billion; whereas oil producing states obtained N31.827 billion as a 13 p.c derivation of mineral income.

A press release issued in Abuja by the spokesman for the Federal Ministry of Finance, Finances and Nationwide Planning, Hassan Dodo, additionally acknowledged that the price of assortment / switch and refunds has swallowed N59.147 billion.

Worth added tax out there income for N171.358 billion in opposition to N158.785 billion distributed within the earlier month.

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The statutory distributed income of N437.256 billion obtained within the month was better than the N436.457 billion obtained within the earlier month by N0.799 billion.

Of this, the Federal Authorities obtained N189.451 billion, the states obtained N96.092 billion, the native authorities councils obtained N74.083 billion.

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