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FG, States, LGAs N13billion richer in January
Nigeria’s three tiers of government got a slightly fatter pay packet in the month of January, 2017. Every month, the Federal Government, States and Local Government Areas gather to share the income that has accrued to the country.
With N400bn shared in January, the figure represents an increase of N13.121bn over what was allocated to all federating units in December, 2016. The December figures were N386.879bn.
Nigeria’s Minister of Finance, Mrs Kemi Adeosun, while speaking at the end of the Federation Accounts Allocation Committee (FAAC) meeting, noted that the sum of N248.715bn gross statutory revenue received was higher by N8.595 billion when compared with the N240.120 billion received in the month of December, 2016.
The amount that was shared, she said, comprised January’s statutory distributable revenue of N224.883 billion, Value Added Tax of N79.273 billion, Exchange gain of N52. 842 billion and Excess PPT Account of N42.998 billion. This was in addition to the sum of N6.330 billion refund to the Federal Government by Nigerian National Petroleum Corporation (NNPC).
“From the Net Statutory revenue, Federal Government received N105.762 billion (52.68%); States received N53.644 billion (26.72%); Local Government Councils received N41.357 billion (20.60%); while the Oil Producing States received N15.504 billion as 13% derivation revenue.
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“Furthermore, from the Revenue available from the Value Added Tax (VAT), Federal Government received N11.415 (15%); States received N38.051 billion (50%) while the Local Government Councils received N26.636 (35%)” Adeosun said.
However, she noted that there was a revenue decline of $65.40 million in Federation export sales due to a drop in the volume of Crude oil export of 1.390 million barrels while crude oil sales increased from $47.08 to $47.30 per barrel during the period under review.
Nigeria continues to rely heavily on oil revenue to drive its development plans. The Buhari-led administration has spared no effort to ensure that insurgency by militants is curbed in the Niger Delta region with hope of keeping the oil tap flowing.
Only recently, Vice President Professor Yemi Osinbajo, undertook a working visit to the region to seek peace among stakeholders.
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JOHNSON PETER
January 21, 2017 at 7:58 am
To me , why is it that with all these allocation to the local government which happens to be the grassroot government, why is it that local government is the worst tier of government? They do owe their staff up to 1 year salary, local governments in Niger state happens to be worst, no good roads , poor electricity and lots more. Is it not better to scrap local government in Nigeria?
seyi jelili
January 21, 2017 at 8:24 am
Noooo. State government is the cause of the poor performances in the local government. State government does not allow the local government to perform independently. You see a situation where an elected governor is unseating an elected chairman of a local government. Most states don’t even have local government chairperson as they had sole administrators or Executive secretary.
Until we call for local government autonomy, the country won’t develop.
We have forgotten that when the whole 774 local governments are developed , then the whole states and country are developed. Local government is the most paramount tier of government but we don’t know that. Ordinarily, local government allocation ought to be larger than the state allocation.
Balarabe musa
January 21, 2017 at 8:28 am
I think they have scrapped the law that gives a sitting governor to remove a local government chairman.
You are correct, when local governments get developed , the country will be developed.
chichi emerue
January 21, 2017 at 9:59 am
State governors still contravene the law. Most of them don’t even allow any local government elections in their states. The fact is that , the state governors deduct huge amount of local government allocations thereby giving them peanuts to survive on.
Balarabe musa
January 21, 2017 at 8:54 am
But why is recession still biting so hard on us in spite of progress in revenue generation. In spite of high exchange rate dollar to naira, yet we still make good national income. Sincerely , our political leaders are the one inflicting hardship on us with their reckless and unmeaningful spending of our money. They are so shameless and yet they pride their ego.
Animashaun Ayodeji
January 21, 2017 at 9:48 am
Since the federal, state and local government have more money to share, our leaders will pocket some of the money before passing the remnants down to the public. We are celebrating gain while we await development that the gain should be converted into
Roland Uchendu Pele
January 21, 2017 at 9:29 am
If no one noticed, I did!
This is the very first time Madam Adeosun is bringing us good news.
Since she assumed office, we never hear anything positive.
This is a first, yet got some comma!
Margret Dickson
January 21, 2017 at 9:45 am
Yes, you are very right. She’s always about plans, or how Nigeria is about to borrow billions of dollars or how they intend to approach world bank for loan. She’s a finance minister with master plans without executing any of the plans. I hope this will change about her before Buhari finds someone else to replace her
Johnson Amadi
January 21, 2017 at 9:56 am
Each time I read anything about the local government and their revenue share, i just laugh and laugh. Most of these local government chairmen are as useless as anything one can think of. The Local government chairman of where i reside, i’m sure he doesn’t know his constitutional duties and he’s not aware of what he’s supposed to be doing with his position in the community. Anytime you see him, he appears with ‘dog chains’ like hip hop artistes, with girls around him. He’s just spending our money without doing anything. The federal government should check local government chairmen properly, most of them know nothing.
chichi emerue
January 21, 2017 at 10:05 am
We are happy that allocations increased but yet workers’ salary do not increase, yet nysc corper allowee does not increase, yet so many states are still oweing their workers,yet so many governors are complaining no money , just like Mr. Constituted authority (Gov.Ajimobi of oyo state) claimed money in the state to pay their higher institutions salaries and allowances.
Joy Madu
January 21, 2017 at 11:32 am
That allocation increases does not warrant increased salary. What the government on salaries is too big a money. What should be our concern is improved infrastructural facilities especially stable electricity and not salary increment.