FG, States, LGs share N668.8bn for May

Date: 2018-07-21

After weeks of horse-trading over revenue underpayment by the Nigeria National Petroleum Corporation, the three tiers of government have finally received the sum of N668.8bn as allocation for the month of May.

The Director of Information in the Ministry of Finance, Mr Hassan Dodo confirmed the release of the fund in a statement issued on Friday in Abuja.

He said that the fund was released to the three tiers of government while reconciliation of the revenue underpayment was still ongoing.

The statement reads in part, "Owing to disagreement on remittances by the revenue generating agencies, especially the NNPC, the sharing of revenues for May 2018 that was meant to be distributed in June 2018, was put on hold.

"However, the urgent need to cushion the undue hardships being experienced by workers nationwide has made it necessary to distribute the May figures totalling N668.898bn to the three tiers of government, while efforts are being intensified to address the unsatisfactory remittances.

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Makama Of Kaiama     Kwara Volleyball Association     New Model Police Station     Abdulkadir Remi Hawawu     Sabo-Oke     Umar Yakubu Jaja     Michael Nzwekwe     Falokun-Oja     Ola Falade     Mumeen Lah     Obayomi Azeez     Tanke Road     March 28     Okoolowo     Olaoye B. Felix     Habeeb Abdullahi Al-Ilory     Vasolar Consultoria     Toyin Sanusi     Egbejila     Haleeman Salman     Jimoh Olusola Imam     Mufutau Olatinwo     Saidu Isa     Christian Association Of Nigeria     Suraj Tunji Oyewale     Sola Saraki Educational Foundation     Khairat Gwadabe     Iyaloja-General     Afolabi-Oshatimehin     General Tunde Idiagbon International Airport     Kayode Bankole     Abdulrahman Abdulrazak     CT Ayeni     Salman Alada     Aliyu Muhammed     Abdulmajeed Abdullahi     Ebun-Olu Adegboruwa     Gambari     Oba Of Jebba     Abdulganiyu AbdulAzeez     Afeyin-Olukuta     Olupako     Jaigbade Alao     Kwara Teaching Service Commission     Yemi Sanni     Titus Suberu-Ajibola     Raliat AbdulRazaq     Hussein Oloyede     Maigida     Abdulkadir Orire     Shehu Jimoh     Alagbado     International Vocational Centre     Sabi     Geri-Alimi Split Diamond Interchange     AbdulGafar Tosho     IsDB     Sango-UITH Road     Valsolar-Kwara Company Limited     Salihu Alhaji Musa     Hijab     Ibrahim Kayode Adeyemi     NTA Ilorin     Abioye Bello     Shade Omoniyi     Isiaka AbdulRazaq     Ahmed Saidu Rufai     Jebba     Apado     ITP     NITDA     Tinubu     Kayode Zubair     Suleiman Rotimi Iliasu     Kwha.gov.ng     Abubakar Bature Sulu-Gambari     Oladimeji Thompson    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Naira Redesign     Folorunsho Alao     Yusuf A. Usman     Saliu Shola Taofeek     Abdullahi AbdulMajeed     Solomon Edoja     Www.Kwarareports.com     Mansur Alfanla     KWASEIC     Saka Asiat Ayinke     Ibraheem Adeola Katibi     Elesie Of Esie     Balogun Gambari     Bello Abubakar     Paul Olawoore     Kwara Coalition Of Business And Professional Associations     Joseph Yemi Ajayi     Hassan Saliu     College Of Education     Kolawole Akande     Babajide Ajayi     Joseph Bamigboye     LAK Jimoh     Yomi Adeboye     Kwara Primary Health Care Development Agency     Suleiman Abubakar     Oko Erin     Eghe Igbinehi     TIC     Kayode Bankole     Asa LGEA School     Offa Descendants Union     KWSUED     KWATMA     Yusuf Olaolu Ali     Akanbi-Oke     Ayinde Oki     Sam Onile     Suleiman Mora Omar     The Herald     COVID     Yinka Aluko     Issa Baba     Babaloja-General     Abdulmajeed Wahab     Ita-Ore     Rotimi Oyedepo     Muhammadu Buhari     Kayode Ogunlowo     Age AbdulKareem     Olokoba Sulyman     Sa\'adu Salau     Owo Arugbo     Rotimi Samuel Olujide     Abdulrazaq Solihudeen     Kayode Issa     Olosi Of Osi     Bolaji Abdullahi     Olaiya Zuberu     Chief Imam Of Omu-Aran     Bashirat Bola Bello     Ahmed Dankaya     SAPZ Project     Baakini     Babaita     Haliru Yahaya     ITEM 7     CT Ayeni     Justina Oha     Labaeka     Abdullahi Adisa Akodudu     Offa Grammer School     Funke Adedoyin     Ilorin Amusement Park     Idris Garba     Ajidagba     Adesina Simon Sodiya