Nigeria Exchange
News
About Us Advertise NgEX.com News Business Addresses Nigeria Events Newspapers Newsletter More
Search Nigeria Sites & Businesses Search Tips


 
News General Sports Business Odd / Funny Tech Entertainment Articles Author Login Comments More Categories Author List
 
 
x
The three tiers of government in Nigeria shared N620.65 billion ($3.9 billion) in May
x | June 22, 2013
At the recently concluded Federation Account Allocation Committee (FAAC) meeting, N620.65 billion ($3.9billion) was shared amongst the three tiers of... (3) Comment


 
   

Comments

"The views and opinions expressed in these comment(s) or article(s) do not necessarily reflect the views or opinions of NGEX, its partners or its affiliates."
Admin    ., .    June 23, 2013
Admin Note: Bugsy, you assume that all the allocation that was shared only came from proceeds from oll, what about the proceeds from Value Added Tax (VAT), SURE-P, NNPC refunds, etc?
OMOTAYO, J. A.    Lagos, NIGERIA    June 23, 2013
Mathematics or no Mathematics, let us visit history for a better understanding. In 1998, the total annual national budget was about N230 billion. That amount included provisions for NITEL, PTF, Debt Repayment, etc. In 1999, the national budget including cost of political transition, completion of NASS quarters and remunerations, etc was N300.4 billion.

What joy is there now that about twice the national budget is shared monthly when the federal government has become less responsible? No NITEL, PTF, Debt repayment but more borrowing, etc. The truth is that tomorrow's food is being shared today in pursuit of fantasies. No savings for tomorrow. The future of the young and yet to be born is being compromised by a greedy political elite irrespective of political parties. Hum...um...um!

God save Nigeria.
Bugsy Demola    Abuja, Nigeria    June 22, 2013
These numbers don't add up. I think the writer did us some disservice. If you shared 620+ and subtract 156 and still end up with 500+. Confusing math you would say.
Results » 1-3 of 3
Result Page »  <   1  >
 
Submit a Comment. Comments will be approved before they are displayed (HTML tags are allowed)
Name* :
Comment* :
City :
Country :
   
*Note: Please enter the text shown in the box below. (Text is case sensitive)
 
  NGEX welcomes and encourages reader comments. Permission to post reader comments is assumed, and we reserve the right to excerpt or edit comments for clarity. We may not be able to publish all comments and cannot vouch for the accuracy of posts from readers. Nickname or name will be used to identify your post.
 
 
follow NgEX on Facebook
 
Submit An Article
 
"Press Releases"    More »
IS THIS TRULY MUTINY?????????
Abiodun Idris | December 22, 2014
Greatest Nigeria students and masses of our dear country. I want to start this write up by saluting...
Submit A Press Release »
 
News / Comments   More »
Debts: What you should know as a Nigerian entrepreneur
February 25, 2016 | Gary Crenshaw | 1 posts
It is normal for businesses to owe money at the beginning of a business. That's what separates entrepreneur...  Post comment »
10 Lucrative Business Opportunities in Nigeria
December 03, 2015 | OJOMA THOMAS | 3 posts
How can I start a snails business,fairly used clothes and a poultry7071  Post comment »
 
 
Article / Comments   More »
Yoruba Origin Of Bini & Da Lagosians
July 29, 2017 |  N/A | 1 posts
This article is full of nonsense  Post comment »
Abani, Emeagwali, Oyibo: Trouble in Nigerian Paradise
April 29, 2013 |  Ojonimi Adegbe | 1 posts
Great article. I think this should be placed more out there for people to read and if possible for the...  Post comment »
Ribadu Remains The Only Saint That Led Anti-Corruption EFCC
December 19, 2016 |  Lawrence | 1 posts
Interesting piece. Let's continue to speak out.  Post comment »
 
Poll
 
Submit An Article
 
 
   
     
 
Copyright © 2005 -2013 NgEX. All rights reserved.