Three tiers of govt share N416bn
Ndubuisi Francis in Abuja
Allocation to the three tiers of government declined by N52 billion in April as the monthly Federation Account Allocation (FAAC) ended in Abuja on Tuesday, creating apprehension that civil servants across the states might not get their monthly salaries.
As against N467.807 billion shared in March, the sum of N415.73 billon was distributed in the month of April.
A breakdown of allocation to the three tiers showed that the federal government received N164 billion, states N117.5 billion, while the local governments got N88 billion.
For 13 per cent derivation, N30 billion went to oil producing states.
The Nigeria National Petroleum Corporation (NNPC) made a refund of N6.33 billion, the Accountant General of the Federation, Ahmed Idris said, adding the balance in Excess Crude was $2.299 while Petroleum Profit Tax stands at $67 million.
Meanwhile, the Chairman of the Commissioners of Finance Forum Mr. Mahmood Sali Yunusa, has expressed fears of tougher days ahead for workers across the states as a result of dwindling revenues.
Yunusa made this known on Tuesday during a briefing on the outcome of FAAC meeting.
He pointed out that the allocation getting to states might not guarantee payment of salaries for the civil servants.
Yunusa who fielded questions from journalists, said: “We don’t know how the workers are going to get their salaries going by the allocations the states are receiving.”
He, however, noted that the states were doing everything in their power to ensure that they improve on their internally generated revenue.