Monday, April 22, 2024

Petroleum Profit Tax (PPT)

March 21, 2024

FG, states, LGs shared N1.152 trillion in February: FAAC

“Total revenue of N2.326 trillion was available in the month of February.”

Federation Account Allocation Committee
January 23, 2024

FG, states, LGs share N1.1 trillion from December 2023 allocation

FAAc said that from the N1.127 trillion, the federal government received N383.872 billion, States got N396.693 billion and the LGCs N288.928 billion.

New Naira notes
September 29, 2023

FG, states, LGs shared N1.1 trillion in August: FAAC

The communiqué said total revenue of N1.48 trillion billion was available in August 2023.

President Bola Ahmed Tinubu and Vice President Kashim Shettima with Nigeria governors
May 19, 2023

Buhari, governors, LG chairpersons shared N655.932 billion in April: FAAC

The Federation Account Allocation Committee has given N655.932 billion in revenue for April to the federal, state and local governments.

President Muhammadu Buhari and Nigerian Governors
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.