FG, States, LGs, Share N1.25trn for August, September

The Federal, States and Local Governments have shared N1.25 trillion from the Federation Account for August and September, the Minister of State for Finance, Dr Yerima Ngama, said in Abuja on Friday.

Ngama made this known to newsmen at the end of the Federation Accounts Allocation Committee (FACC) meeting for September.

A breakdown of the amount showed that the Federal Government received N236.15 billion, State Governments N119.78 billion while Local Governments got N92.34 billion for September.


For August, the Federal Government received N248.27 billion, State Governments N125.92 billion and Local Governments N97.08 billion.

The minister said the country received N431,07 billion revenue from mineral resources in September, compared with N424.61 billion in the previous month, representing an increase of N6.4 billion.

Similarly non-mineral revenue in September amounted to N94.53 billion compared with N123.78 billion in August, representing a decline of N29.2 billion.

According to the minister, no fund was proposed as augmentation during the months under  review because of moratorium placed by FAAC members.

The minister recalled that FAAC members reached a decision only to distribute actual and not budgeted revenue.