Government to share N575 billion for October’s allocation Reviewed by Momizat on . The three tiers of government are to share a total of N574.940 billion for the month of October, 2012. Briefing journalists after the Federation Account Allocat The three tiers of government are to share a total of N574.940 billion for the month of October, 2012. Briefing journalists after the Federation Account Allocat Rating:
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Government to share N575 billion for October’s allocation

The three tiers of government are to share a total of N574.940 billion for the month of October, 2012.

Briefing journalists after the Federation Account Allocation Committee (FAAC) meeting in Abuja, the Minister of State for Finance, Dr Yerima Ngama said the amount shows an increase of over N8 billion over the funds shared in September.

He pointed out that N172.505 billion would be transferred to the excess crude account, a significant increase from the N140.703 billion transferred to the account last month.

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  • Ola_wale

    What are the effects of this huge amount of money on the masses?

    • SholaJohn

      Nothing my brother. We just pay salaries and launder the rest.

    • SholaJohn

      Nothing my brother. We just pay salaries and launder the rest.

    • SholaJohn

      Nothing my brother. We just pay salaries and launder the rest.

    • SholaJohn

      Nothing my brother. We just pay salaries and launder the rest.

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