Today, the National Bureau of Statistics released details showing how the federal, state and local governments shared generated revenue in September last year.
The report also shows the amount disbursed to oil-producing states and revenue-generating agencies like the Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and the Department of Petroleum Resources (DPR).
According to the published document, the distributed funds, about N769.23 billion in total, were generated in August last year from the Statutory Account (N537.52bn), Valued Added Tax (N178.48bn), Non-Oil Excess Account (N50.00bn), Excess Bank Charges (N0.40bn), and Exchange Gain difference (N2.83bn).
A distribution breakdown shows that the Federation Account Allocation Committee disbursed N289.56bn to the federal government from the N769.23 billion. The 36 states got N217.18bn, and the 774 local governments received N161.54bn.
The report said N28.98bn was shared among the oil-producing states from the 13% derivation fund. The NCS received N11.50bn, the FIRS got N12.69bn, while DPR got N5.05bn.
More details of the report are available for download here.
The National Bureau of Statistics has disclosed how the federal, state, and local governments in Nigeria shared revenue for September 2021. The report also details the disbursements to oil-producing states and revenue-generating agencies such as the Nigeria Customs Service (NCS), the Federal Inland Revenue Service (FIRS), and the Department of Petroleum Resources (DPR).
According to the published document, around N769.23 billion was generated in August 2021 from various sources: the Statutory Account (N537.52bn), Value Added Tax (N178.48bn), Non-Oil Excess Account (N50.00bn), Excess Bank Charges (N0.40bn), and Exchange Gain difference (N2.83bn).
The breakdown of the distributed funds includes N289.56bn to the federal government, N217.18bn to 36 states, and N161.54bn to 774 local governments. Additionally, N28.98bn was allocated to oil-producing states from the 13% derivation fund. The NCS received N11.50bn, FIRS got N12.69bn, and DPR was allocated N5.05bn.
More detailed information is available for download from the National Bureau of Statistics website.
