• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Wednesday, October 1, 2025
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Economy

FG, States, LGAs share N902.053bn for November FAAC

by NewsNet Nigeria
3 years ago
in Economy
FG, States, LGAs share N902.053bn for November FAAC
Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

The Federation Account Allocation Committee (FAAC) has shared a total sum of 902.053 billion Naira as November 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils.

This was contained in a communiqué issued at the end of the Committee’s meeting for December 2022.

A statement by Henshaw Ogubike, Director (Information, Press and Public Relations) office of the accountant general of the federation shows that of the total distributable revenue comprised distributable statutory revenue of N681.079 billion, distributable Value Added Tax revenue of N202.839 billion, Exchange Gain revenue of N7.164 billion and N10.971 billion Electronic Money Transfer Levy (EMTL) revenue.

The balance in the Excess Crude Account (ECA) was $473,754.57.

According to the Communiqué, in the month of November 2022, Oil and Gas Royalties and Petroleum Profit Tax (PPT) recorded significant increases while Import and Excise Duties increased marginally. However, Value Added Tax (VAT) and Companies’ Income Tax (CIT) decreased considerably. (NTA)

Previous Post

Delta North monarchs pass vote of confidence on Asagba of Asaba

Next Post

Okowa assents to last budget of N571.6bn

MORE NEWS

FG Declares Friday, September 5, Public Holiday for Eid-ul-Mawlid
Celebration

The Worst Is Over, Nigeria on Path to Recovery, Says Tinubu at 65th Independence Anniversary

October 1, 2025
Delta Speaker Guwor Urges Collective Action for a Greater Nigeria at 65th Independence Anniversary
Celebration

Delta Speaker Guwor Urges Collective Action for a Greater Nigeria at 65th Independence Anniversary

October 1, 2025
Senator Nwoko Urges Ohaneze’s Sustained Backing for Creation of Anioma State
Celebration

Senator Nwoko Urges Ohaneze’s Sustained Backing for Creation of Anioma State

September 30, 2025
Delta North Monarch Affirms Anioma Are Igbos, Backs Nwoko’s Push for Statehood
Economy

Delta North Monarch Affirms Anioma Are Igbos, Backs Nwoko’s Push for Statehood

September 24, 2025
Next Post
Okowa assents to last budget of N571.6bn

Okowa assents to last budget of N571.6bn

Leave Comment

RECENT STORIES

FG Declares Friday, September 5, Public Holiday for Eid-ul-Mawlid

The Worst Is Over, Nigeria on Path to Recovery, Says Tinubu at 65th Independence Anniversary

October 1, 2025
Nigeria at 65: Senator Dafinone Urges Renewed Hope, Commitment to National Unity

Nigeria at 65: Senator Dafinone Urges Renewed Hope, Commitment to National Unity

October 1, 2025
Delta Speaker Guwor Urges Collective Action for a Greater Nigeria at 65th Independence Anniversary

Delta Speaker Guwor Urges Collective Action for a Greater Nigeria at 65th Independence Anniversary

October 1, 2025
I am not senator for only APC members – Joel-Onowakpo

Constituents Express Concern Over Senator Joel-Onowakpo’s Perceived Silence in Senate

September 30, 2025
Warri Rebirth Initiative Postpones October 1st Celebration over Security Concerns

Warri Rebirth Initiative Postpones October 1st Celebration over Security Concerns

September 30, 2025

TRENDING STORIES

  • Ibru Organisation Chairman, Olorogun Oscar Ibru, Dies at 67

    Ibru Organisation Chairman, Olorogun Oscar Ibru, Dies at 67

    0 shares
    Share 0 Tweet 0
  • FIFA Strips South Africa of Win Over Lesotho for Fielding Ineligible Player

    0 shares
    Share 0 Tweet 0
  • Uroye Calls for Calm, Dialogue as Tension Heightens Over Killing of Jerry, Consoles Family

    0 shares
    Share 0 Tweet 0
  • Delta Police Begin Enforcement on Tinted Glass, Siren, Number Plate Regulations October 2

    0 shares
    Share 0 Tweet 0
  • At 70, I Owe All Life Has Given Me to God – Chief Ejovi

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.