• About
  • Advertise
  • Contact
Saturday, August 2, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

FG , States, LGs Share N1.208 trillion April Revenue

Vital News by Vital News
May 16, 2024
in Economy, News
0
FG , States, LGs Share N1.208 trillion April Revenue
Share on FacebookShare on Twitter

The Federation Accounts Allocation Committee (FAAC) has shared  N1,208.081 billion April 2024 Revenue among the Federal Government, States and Local Government Councils.

The revenue was shared at the May 2024 meeting of the Federation Accounts Allocation Committee (FAAC), held in Abuja on Thursday.

A communiqué issued by the Federation Allocation Account Committee (FAAC) revealed that the N 1,208.081 billion total distributable revenue comprised distributable statutory revenue of N284.716 billion, distributable Value Added Tax (VAT) revenue of N466.457 billion, Electronic Money Transfer Levy (EMTL) revenue of N18.024 billion and Exchange Difference revenue of N438.884 billion.

Total revenue of N2,192.077 billion was available in the month of April 2024, the communique said.

Total deduction for cost of collection was N80.517 billion; total transfers, interventions and refunds was N903.479 billion.

RelatedStories

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Gross statutory revenue of N1,233.498 billion was received for the month of April 2024.

This was higher than the sum of N1,017.216 billion received in the month of March 2024 by N216.282 billion.

The gross revenue available from the Value Added Tax (VAT) in April 2024 was N500.920 billion. This was lower than the N549.698 billion available in the month of March 2024 by N48.778 billion.

The communiqué confirmed that from the N1,208.081 billion total distributable revenue, the Federal Government received a total sum of N390.412 billion, the State Governments received N403.403 billion and the Local Government Councils received N293.816 billion.

A total amount of N120.450 billion (13% of mineral revenue) was shared to the benefiting states as derivation revenue.

On the N284.716 billion distributable statutory revenue, the communiqué stated that the Federal Government received N112.148 billion, the State Governments received N56.883 billion and the Local Government Councils received N43.855 billion.

The sum of N71.830 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

The Federal Government received N69.969 billion, the State Governments received N233.229 billion and the Local Government Councils received N163.260 billion from the N466.457 billion distributable Value Added Tax (VAT) revenue.

A total sum of N2.704 billion was received by the Federal Government from the N18.024 billion Electronic Money Transfer Levy (EMTL).

The State Governments received N9.012 billion and the Local Government Councils received N6.308 billion.

The Federal Government received N205.591 billion from the N438.884 billion Exchange Difference revenue.

The State Governments received N104.279 billion and the Local Government Councils received N80.394 billion.

The sum of N48.620 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

According to the communiqué, in the month of April 2024, Oil and Gas Royalties, Companies Income Tax (CIT), Excise Duty, Petroleum Profit Tax (PPT), Electronic Money Transfer Levy (EMTL) and CET Levies increased significantly while Import Duty and Value Added Tax (VAT) recorded considerable decreases.

The balance in the ECA was $473,754.57.        (vitalnewsngr.com)

Tags: Aprilfederationrevenueshare
Previous Post

Ex-Oyo PMS Chairman, Auxiliary, Paraded Before Newsmen By Police

Next Post

Ibadan Court Sends Auxiliary To Agodi Prison, Faces Four -count Charge

Vital News

Vital News

RelatedStories

Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway
Environment

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap
Environment

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff
News

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

July 30, 2025
Ododo, Minister, Other Stakeholders Laud Kogi’s Groundbreaking Annual Media Repor
Health

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

July 30, 2025
Your Exit Will Not In Anyway Affects Fortune Of PDP – Makinde To Atiku
National

US Embassy Circulates Report On How Gov. Makinde, Gombe Gov Lavish Billions On Buildings Amid Ravaging Poverty

July 30, 2025
Next Post
Wanted Oyo Motorpark Chairman, Auxiliary Now In DSS Net

Ibadan Court Sends Auxiliary To Agodi Prison, Faces Four -count Charge

Ogun Govt. Expresses Concern As Civil Servants Embark On Resale Of Subsidized Bags Of Rice

Ogun Govt. Expresses Concern As Civil Servants Embark On Resale Of Subsidized Bags Of Rice

Tinubu, Top African Leaders In Attendance As Faye Is Sworn In As Senegal President

Tinubu Hosts President Faye Of Senegal, Says West Africa Must Collaborate To Defeat Terrorism, Human Trafficking

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Adeleke Rejects Tribunal Verdict, Heads to Appeal Court

Osun Governorship Tussle : Oyetola Appeals For Calm, Heads For Supreme Court

2 years ago
Red Cross To Train Amotekun Operatives On First Aid, Safety

Red Cross To Train Amotekun Operatives On First Aid, Safety

2 years ago
Calabar Female Medical Doctor Jailed Seven Years For N127mln Fraud

Calabar Female Medical Doctor Jailed Seven Years For N127mln Fraud

6 months ago
Ododo Donates N26mln To 1,326 Corps Members Deployed To Kogi

Ododo Donates N26mln To 1,326 Corps Members Deployed To Kogi

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

Canada Announces Plan To Recognise Palestinian State By September

Governor Alia Dissolves Benue Executive Council, Appoints New Chief of Staff

Dangote Cement Set To Commission 3Mta Grinding Plant In Côte d’Ivoire

Abdulrahim Thanks Governor Ododo Over Appointment as Governing Council Chairman Of Kogi College Of Nursing

Trending

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute
Education

NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute

by Vital News
August 1, 2025
0

A delegation from the National Universities Commission (NUC) has paid a revalidation visit to the Distance Learning...

Work Ongoing To Re-Erect Three Towers Along Kainji-Birnin Kebbi Transmission Line – TCN

FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals

July 31, 2025
Ododo Applauds President  Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway

July 31, 2025
Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

Hafsoh Killer, Abdulrhaman Bello To Die By Hanging, Court Discharges, Acquits 4 Others

July 31, 2025
FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

FG Seeks Partnership With Dangote Cement To Bridge Housing Gap

July 31, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • NUC Team Pays Revalidation Visit To FUOYE, Lauds Visible Transformation Of Distance Learning Institute August 1, 2025
  • FG Awards Contracts Worth N68.7bln For Power Projects In Universities, Teaching Hospitals July 31, 2025
  • Ododo Applauds President Tinubu, Minister Of Works Over Ongoing Reconstruction, Expansion Of Abuja–Lokoja Highway July 31, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In