Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • NPA Under Dantsoho What Does The Charts Indicate?

      Jun 17, 2025
      0
    • IMO ELECTION: Nigeria Assures On Quality Representation

      Jun 17, 2025
      0
    • Maritime Development: Nigeria, Korea Deepen Collaboration

      Jun 16, 2025
      0
    • Shipping and Plastic Pollution-The Dangers To Humanity

      Jun 16, 2025
      0
    • Ocean Conference: Nigeria Canvases Increased Funding For Developing Nations

      Jun 12, 2025
      0
    • NIMASA: Beyond BPSR-Proactivism, Broader Vision Crucial

      Jun 11, 2025
      0
    • Blue Economy: Oyetola Engage World Leaders In France

      Jun 10, 2025
      0
    • War Against Illicit Drugs: NSA Commends Customs, NAFDAC, NDLEA

      Jun 5, 2025
      0
    • FG Commits To Enhance NSC Regulatory Capacity

      May 28, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • NPA Under Dantsoho What Does The Charts Indicate?

  • IMO ELECTION: Nigeria Assures On Quality Representation

  • Maritime Development: Nigeria, Korea Deepen Collaboration

  • Shipping and Plastic Pollution-The Dangers To Humanity

  • Ocean Conference: Nigeria Canvases Increased Funding For Developing Nations

News
Home›News›FG, States Get More Funds for National Development

FG, States Get More Funds for National Development

By Editor
Apr 25, 2017
1834
0
Share:

Kemi-Adeo finance

The Federation Account Allocation Committee (FAAC) has shared N467.8 billion, N38.7 billion more than what the three tiers of government shared in March. The cheering news also came with a sobering report: oil pipeline sabotage continued during the period  and it affected the proceeds from export.

The Accountant-General, Mr Ahmed Idris, who represented the Minister of Finance, Mrs Kemi Adeosun, stated in Abuja that the N467.8 billion was distributed under four sub-heads.

“The distributable revenue for the month is N299.93 billion. The sum of N6.33 billion was refunded by NNPC.

“There is also a proposed distribution of N66.96 billion from the excess Petroleum Profit Tax.

“Also, exchange gains of N22.25 billion is proposed for distribution, therefore the total revenue distributable for the current month, including VAT of N78.65 billion is N467.8 billion,” she said.

Adeosun also said that the government generated N228.54 billion as mineral revenue, an increase of N16.94 billion from what was generated in February.

Similarly in March, the non-mineral revenue also increased by N24.47 billion, from the N78 billion the country generated in February.

The minister said after deducting cost of collections to the revenue generating agencies, the Federal Government got N136.5 billion, states N69.23 billion and local government councils N73.26 billion.

In addition, she said the sum of N18 billion was given to the oil producing states based on the 13 per cent derivation principle.

On the balance of the excess crude account, the minister said the account currently stood at 2.45 billion dollars.

Despite the increase in revenue generated for the month, the Federal Government drew attention to the decrease in crude oil export volume.

She said that crude oil export sales dropped by 6.4 million dollars.

She also said that the oil revenue for the month also suffered from continued leakages of oil pipelines arising from sabotage of oil pipelines.

The Chairman of Forum of Finance Commissioners in Nigeria, Mr Mahmoud Yunusa, spoke on the increase in the allocation and what it meant to states.

“Oil prices is looking very promising and the Federal Government will do everything to ensure continued peace in the Niger-Delta,” he said.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Piracy in Somalia is Tied to Poverty ...

Next Article

Norway, Singapore Adopt E-Shipping Certificates

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Maritime InfoNews

    IMO STRIVES TO FURTHER REDUCE GHG EMISSIONS

    Oct 26, 2020
    By Editor
  • ANLCA
    News

    ANLCA Crisis: NECOM Regains Dikko House

    Mar 23, 2022
    By Editor
  • News

    “Our Server, Network Up and Running Always”-Webb Fontaine

    Jan 3, 2023
    By Editor
  • News

    Nigeria To Support IMO On GHG, MEPC And Climate Change Issues

    Jul 13, 2023
    By Editor
  • FeaturedNews

    FG Committed On Technology, Industrialization-Mamora

    Nov 30, 2022
    By Editor
  • News

    Released Kaduna Train Victims Collaborative Efforts-Minister

    Oct 5, 2022
    By Editor

Leave a Reply Cancel reply

  • News

    Port Operations: NPA Firemen Extinguish Fire In Lagos Port

  • News

    Nigeria, USCG Partner On ISPS Code Implementation

  • FactFeaturedNews

    Nigeria Task Korea On Shipping Development

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

NPA Under Dantsoho What Does The Charts Indicate?

Apart from the commencement of actual works on the $1billion ports reconstruction, the Managing Director of the Nigeria Ports Authority, Dr. Abubakar Dantsoho (with unalloyed support of the performance-driven Minister ...
  • IMO ELECTION: Nigeria Assures On Quality Representation

    By Editor
    Jun 17, 2025
  • Maritime Development: Nigeria, Korea Deepen Collaboration

    By Editor
    Jun 16, 2025
  • Shipping and Plastic Pollution-The Dangers To Humanity

    By Editor
    Jun 16, 2025
  • Ocean Conference: Nigeria Canvases Increased Funding For Developing Nations

    By Editor
    Jun 12, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved