Nigerian Government Shares 610.36 Billion Naira To States, LG’s

The Nigerian Federal Government has shared 610.36 billion Naira generated in the month of January 2019 to the three tiers of government.

The Federal Government received 15.04 billion Naira, The States received 50.14 billion Naira, while the Local Government Areas received 35.10 billion from a gross Value Added Tax revenue of 104.46 billion Naira.

In addition, the Federal Government received 252.41 billion Naira, States received 170.54 billion Naira, while the Local Government Areas received 127.923 billion Naira.

Oil producing states received 41.99 billion Naira as 13 per cent derivation revenue, while revenue generating agencies received 17.50 billion Naira as cost of revenue collection.

Written by BoomRadioNG