Nigerian states pledge quick salaries, get highest federal allocation in 2016
For the first time in the 2016 fiscal period, Nigeria’s federal, state and local governments shared over half a trillion naira from sales of oil and gas, tax, Customs and other revenue sources.
The three tiers of government shared N559.03 billion from the Federation Account for June 2016.
The amount is significantly higher than the N305.128 billion shared in May.
The Minister of Finance, Kemi Adeosun, announced this in Abuja on Thursday at the end of the FAAC meeting.
The news electrified representatives of state governments who have been struggling to pay their workers.
The chairman, Commissioners of Finance Forum, John Inegbedion, said with the improved revenue for the month, all 36 states would be able to pay salaries for the month.
The Commissioner of Finance, Cross River, Asuquo Ekpenyong, said the state would start processing May and June salaries for payment.
Mrs. Adeosun attributed the increase in revenue to efficiency in collection by the revenue generating agencies.
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