LASG HOSTS Y2024 WOMEN'S ASSEMBLY TO EMPOWER, CELEBRATE WOMEN. (PHOTO). #PRESS RELEASE.

-
Image
 LASG HOSTS Y2024 WOMEN'S ASSEMBLY TO EMPOWER, CELEBRATE WOMEN Lagos State Governor, Mr. Babajide Sanwo-Olu, has reaffirmed his administration's commitment to advancing and empowering women, describing them as the pillars of communities, contributing in numerous ways as mothers, entrepreneurs, educators and leaders.  Governor Sanwo-Olu stated this in his keynote address at the 2024 Women's Assembly for Local Government and Local Council Development Areas organised by the Ministry of Women's Affairs and Poverty Alleviation (WAPA) at the De Blue Roof, LTV 8 complex, Agindigbi Ikeja.  The Governor, represented by the Secretary to the State Governor, Bimbola Salu-Hundeyin, described the Assembly as a critical platform for celebrating women’s contributions and tackling challenges affecting their well-being. He restated his administration’s commitment to prioritising women through policies and programmes aimed at economic empowerment, political inclusion, and grassroots engag...
Post a Comment

FAAC MEETING: THE FG, STATES AND LGCs SHARE N736.782 BILLION FOR THE MONTH OF OCTOBER 2022.(PHOTO).#PRESS RELEASE.

-




FAAC MEETING

FEDERAL MINISTRY OF FINANCE, BUDGET AND NATIONAL PLANNING.

PRESS RELEASE 


THE FG, STATES AND LGCs SHARE N736.782 BILLION FOR THE MONTH OF October 2022.



The Federation Account Allocation Committee (FAAC), at its Meeting shared a total sum of N736.782 billion to the three tiers of government, as Federation Allocation for the month of October, 2022.

From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Exchange Gain and augmentation from Non Oil Revenue, the Federal Government received N293.955 billion, the States received N239.512 billion, the Local Government Councils got N177.086 billion, while the Oil producing states received N26.228 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 October 2022 was N213.283 billion which was an increase distributed in the preceding month. The distribution is as follows; Federal Government got N31.992 billion, the States received N106.642 billion, Local Government Councils got N74.649 billion.

Accordingly,  the Gross Statutory Revenue of N417.724 billion distributed was lower than the sum received in the previous month, from which the Federal Government was allocated the sum of N206.576 billion, States got N104.778 billion, LGCs got N80.779 billion, and Oil Derivation (13% Mineral Revenue) got N25.591 billion.

Also, N70 billion Augmentation was distributed to the three (3) tiers of government as follows; the Federal Government received N36.876 billion, States got N18.704 billion, Local Government Councils received N14.420 billion.

In addition, another extra N30 billion Augmentation from Non Oil Revenue was distributed as follows; Federal Government received N15.804 billion, the States got N8.016 billion, while the Local Government Councils received N6.180 billion.

The Communiqué further disclosed that, the sum of N5.775 billion from Exchange Gain was shared thus: Federal Government received N2.707 billion, States got N1.373 billion,  Local Government Councils received N1.058 billion and Derivation (13% of Mineral Revenue)  got N0.637 billion.

It also revealed that Oil and Gas Royalties, Petroleum Profit Tax (PPT) and Import Duty recorded considerable decreases, while Value Added Tax (VAT), and Companies Income Tax (CIT) increased significantly, and Excise Duty increased marginally.

According to the Communiqué, the total revenue distributable for the current month of October was drawn from Statutory Revenue of N417.724 billion, Value Added Tax (VAT) of N213.283 billion, Exchange Gain of N5.775 billion, and N100 billion Augmentation from Non Oil Revenue, bringing the total distributable for the month to N736.782 billion.

However, the balance in the Excess Crude Account (ECA) as at 23rd November, 2022 stands at $472,513.64

Signed:
Phil Abiamuwe-Mowete
D (Information/Press)
Wednesday,  November 23rd, 2022


 

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

SSANU, NASU THREATEN STRIKE OVER WITHHELD SALARIES. (PHOTO).

-
Image
  SSANU, NASU threaten strike over withheld salaries The Joint Action Committee of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union of Educational and Associated Institutions have threatened to disrupt industrial peace in universities should the government fail to release the withheld salaries of members. The salaries were seized by the administration of former President Muhammadu Buhari during their strike in 2022. The unions, in a joint letter signed on Friday by the President of SSANU, Muhammed Ibrahim and General Secretary of NASU, Peters Adeyemi, questioned the rationale with which the government released four months withheld salaries to members of the Academic Staff Union of Universities but failed to release the withheld salaries of non-academic staff. The unions noted that they would no longer be able to assure the government of industrial peace in universities should the amounts owed by the government are not released. Earlier, the uni...
Read more