FG, States, and Local Governments Share N888.40 Billion as February Allocation

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Otunla
Otunla

It has been revealed that the federal government, state governments and the 774 local government areas in the country, on Thursday, shared N888.40 billion, being allocations for February. The allocation was an increase of N310.94 billion or 54.03 per cent over the N575.46 billion shared by the three tiers of government for January.

Also, the Federal Government released the sum of N400 billion as first capital budget for the execution of projects captured in 2013 budget. The Federation Account Allocation Committee (FAAC) meeting, where the allocations were made, was presided over by the Minister of State for Finance, Dr Yerima Ngama and attended by the Accountant-General of the Federation, Mr Jonah Otunla, commissioners of finance from the 36 states of the federation and the representatives of the revenue collection agencies and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

Meanwhile, Mr Otunla, while fielding questions from the media shortly after the meeting, stated that members of the committee also agreed to transfer the sum of N121.41 billion into the Excess Crude Account (ECA), making the account to stand at $8.061 billion.

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2 COMMENTS

  1. Haba fed. Govt. February Allocation allocated on thursday 14 march, so u are the one causing all the delay in payment of salary leaving us to be accusing state 4 the deley of salary. When will the move go smoothly? Democracy or Democrazy? Junior Workers that solemly depend on salary will die of debt and hungry.

  2. lets be frank about dis,so more than dis amount of money is being allocated to various local areas n ppl are still suffering like job in Nigeria.especially in anambra state.Leaders take note cos all iron must go through fire of d blacksmith.ppl are suffering tremendeously in east here,cos in north wether u are working or not ur minimum wage is certained but in east here nobody have dat knowledge.unless when u talk of peter obi sticker,driving licence,particulars etc u will knw dat anambra guys have moral.NDI IGBO MEERENU ONWE UNU EBERE MAKA NDI UGWU NA ACHI UNU OCHI NA UNU AMAGHI EME NWANNE ATALL.NDI OCHICHI ALA IGBO MEERENU NDI UNU NA ACHI EBERE BY IWOPUSI NDI UWE OJII AHU NA UZO KA OBODO ANYI DIKA ALA UGWU KA ONYE OBULA NWEE ONU OKWU.EKELEM UNU.

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