Accountant-General of Federation, AGF, Alhaji Ahmed Idris
Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies.
According to a statement from the Office of Accountant General of the Federation (OAGF), the N601.110 billion comprised statutory revenue of N436.457 billion; Value Added Tax (VAT) revenue of N156.786 billion and augmentation of N7.867 billion from the Forex Equalisation revenue.
Gross statutory revenue of N436.457 billion available for the month of November 2020 was higher than the N378.148 billion received in the previous month by N58.309 billion.
The promoters of the Edo Dry Port, Atlantique Marine Engineering Services disclosed that it is working with various stakeholders including the Manufacturers Association of Nigeria and various Chambers of Commerce to begin the exportation of non-oil products from the dry port.
This was disclosed by Dr Charles Akhigbe, MD/CEO AMES-Edo Inland Container in an interview with NAN on Thursday.
What Mr. Akhigbe is saying
“We are entering into contracts with Chambers of Commerce, Manufacturers Associations as well as individuals to start exportation of non-oil products from Edo via the inland dry port.
“Exporters of Agricultural products within the Edo region do not need to go to Lagos anymore because everything about exportation can be done at the dry port.
By Brangyet Kabien
The Federation Accounts Allocation Committee (FAAC) Wednesday, shared a total of N601.110 billion as November 2020 federation revenue to the Federal, States, Local Government Councils and agencies.
This was disclosed after the FAAC meeting chaired by the Permanent Secretary, Federal Ministry of Finance, Alhaji Aliyu Ahmed in Abuja.
The total distributable revenue of N601.110 billion comprised statutory revenue of N436.457 billion; Value Added Tax (VAT) revenue of N156.786 billion and augmentation of N7.867 billion from the Forex Equalisation revenue.
The gross statutory revenue of N436.457 billion available for the month of November 2020 was higher than the N378.148 billion received in the previous month by N58.309 billion.
Channels Television
The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies.
According to a statement issued on Wednesday, the figure was announced after the Federation Account Allocation Committee (FAAC) meeting for the month of December 2020 held at the Federal Ministry of Finance headquarters, Abuja.
The meeting was chaired by the Permanent Secretary, Federal Ministry of Finance, Alhaji Aliyu Ahmed.
The total distributable revenue of N601.110 billion comprised statutory revenue of N436.457 billion; Value Added Tax (VAT) revenue of N156.786 billion and augmentation of N7.867 billion from the Forex Equalisation revenue.
Federal, states, local governments share N601 11 billion for November today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.