{"id":70914,"date":"2022-08-25T10:19:39","date_gmt":"2022-08-25T09:19:39","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july"},"modified":"2022-08-25T11:39:51","modified_gmt":"2022-08-25T10:39:51","slug":"breakdown-of-n955bn-fg-states-lgcs-shared-for-july","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july","title":{"rendered":"Breakdown of N955bn FG, States, LGCs shared for July"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Federation Account Allocation Committee (FAAC) has shared N954.085billion to the three tiers of government for the month of July.<\/p>\n

Phil Abiamuwe-Mowete, the Director of Information, issued a statement containing the breakdown.<\/p>\n

The Federal Government received N406.610billion, States received N281.342billion, Local Government Councils got N210.617billion.<\/p>\n

Oil producing states received N55.515billion as derivation (13 per cent of Mineral Revenue).<\/p>\n

The Gross Revenue available from the VAT for July was N177.167billion was a decrease distributed in the preceding month.<\/p>\n

FG received N26.575billion, States got N88.584billion, while LGCs got N62.008billion.<\/p>\n

However, the Gross Statutory Revenue of N776.918billion distributed was higher than the sum for June.<\/p>\n

FG got N380.035billion, States N192.759 billion, LGCs N148.609billion, and Oil Derivation (13 per cent Mineral Revenue) N55.515billion.<\/p>\n

The statement noted that Import Duty and Value Added Tax (VAT) decreased considerably.<\/p>\n

The balance in the Excess Crude Account (ECA) as at August 24 stands at $470.599million.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Federation Account Allocation Committee (FAAC) has shared N954.085billion to the three tiers of government for the month of July. Phil Abiamuwe-Mowete, the Director of Information, issued a statement containing the breakdown. The Federal Government received N406.610billion, States received N281.342billion, Local Government Councils got N210.617billion. Oil producing states received N55.515billion as derivation […]<\/p>\n","protected":false},"author":84,"featured_media":70913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,28,14,26],"tags":[1570,2140,1006,254],"class_list":["post-70914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-faac","tag-nigeria"],"yoast_head":"\nBreakdown of N955bn FG, States, LGCs shared for July - Nigeria<\/title>\n<meta name=\"description\" content=\"The Federation Account Allocation Committee (FAAC) has shared N954.085billion to the three tiers of government for the m ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breakdown of N955bn FG, States, LGCs shared for July\" \/>\n<meta property=\"og:description\" content=\"The Federation Account Allocation Committee (FAAC) has shared N954.085billion to the three tiers of government for the m ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-25T09:19:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-25T10:39:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/08\/postQueueImg_5-63075162eef6c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Breakdown of N955bn FG, States, LGCs shared for July\",\"datePublished\":\"2022-08-25T09:19:39+00:00\",\"dateModified\":\"2022-08-25T10:39:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july\"},\"wordCount\":179,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/08\/postQueueImg_5-63075162eef6c.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"FAAC\",\"Nigeria\"],\"articleSection\":[\"all news\",\"homepage-english\",\"Policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/breakdown-of-n955bn-fg-states-lgcs-shared-for-july\",\"name\":\"Breakdown of N955bn FG, States, LGCs shared for July - 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