OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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THE FG, STATES AND LGCs SHARE N802.407 BILLION FOR THE MONTH OF JUNE, 2022.(PHOTO).#PRESS RELEASE.

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FEDERAL MINISTRY OF FINANCE, BUDGET AND NATIONAL PLANNING. 

Press and Public Relations Unit

PRESS RELEASE 


THE FG, STATES AND LGCs SHARE N802.407 BILLION FOR THE MONTH OF JUNE, 2022.


The Federation Account Allocation Committee (FAAC), at its Meeting shared a total sum of N802.407 billion to the three tiers of government, as federation allocation for the month of June, 2022.

From this stated amount, inclusive of Gross Statutory Revenue and Value Added Tax (VAT), the Federal Government received N321.859 billion, the States received N245.418 billion, the Local Government Councils got N182.330 billion, while the Oil producing states received N52.799 billion as derivation, (13% of Mineral Revenue).

The communiqué issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for June 2022 was N193.827 billion. The distribution is as follows; Federal Government got N29.074 billion, the States received N96.914 billion, Local Government Councils got N67.839 billion.

Accordingly,  the Gross Statutory Revenue of N608.580 billion was distributed, from which the Federal Government was allocated the sum of N292.785 billion, States got N148.505 billion, LGCs got N114.491 billion, and Oil Derivation (13% Mineral Revenue) got N52.799 billion.

The communiqué further revealed that Companies Income Tax (CIT) and Petroleum Profit Tax (PPT) recorded tremendous increases, while Import Duty, Oil and Gas Royalties increased marginally. However, Excise Duties decreased  significantly, while Value Added Tax (VAT) decreased marginally.

It was further disclosed that total revenue distributable for the current month of June was drawn from Statutory Revenue of N608.580 billion and Value Added Tax (VAT) of N193. 827 billion bringing the total distributable for the month to N802.407 billion.

The balance in the Excess Crude Account (ECA), as at 26th July, 2022 stands at $376,655.09.

Signed:
Phil Abiamuwe-Mowete
D (Information/Press)
Tuesday, July 26th, 2022


 

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