Wednesday, March 22, 2023

Petroleum Profit Tax (PPT)

September 24, 2022

FG, states, LGs shared N673 billion from federation account in August

Revenues from Companies Income Tax (CIT), Petroleum Profit Tax (PPT), Oil and Gas Royalties decreased considerably in August.

August 24, 2022

Monthly Allocation: FG, states, LGs share N954 billion for July

However, the balance in the Excess Crude Account (ECA), as at August 24 stands at 470,599.54 million dollars.

Ministry of Finance HQ
October 29, 2021

VAT allocation shrinks as FG, States, LGs share N739 billion in September

“The Federal Government received N301.311 billion, the states received N220.272 billion, the LGs got N164.176 billion.”

August 21, 2021

July Allocation: FG, states, LGs share N760.7 billion

The federal government received N325.988 billion, the states received N224.929 billion while the local government councils got N168.424 billion.

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