FG, States, LGs share N740.9 billion for August - Premium Times Nigeria

FG, States, LGs share N740.9 billion for August

on Thursday shared N740.8 billion to the three tiers of government in the country for August this year.

The oil producing states received N43.5 billion as 13 per cent derivation revenue for the month. However, cost of collection/Transfers/ Federal Inland Revenue Service refund was N44 billion. The distributable Statutory Revenue stood at about N631.8 billion, which was lower by N42.6 billion than the N674.4 billion received in the previous month.

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