By Joshua Olufemi and Richard Akinwumi At least N11.55 trillion or $ 84.52 billion expected revenue into the coffers of the nation’s Excess Crude Account for the eight-year period from 2007 to 2014 are unaccounted for, according to findings by PREMIUM TIMES based on now available data from multiple government agencies not made public until […]
Tag Archives: Excess
Photo: President Muhammadu Buhari in his office. By Bassey Udo A part of the presidential palliative approved on Monday as intervention package to help bankrupt states pay outstanding workers’ salaries came from the $ 2.1 billion dividend paid to the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG). At the end of the […]
By Isiaka Wakili The federal government has raised an alarm that the fall in oil prices is affecting the inflow of money into the excess crude account. Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, said this yesterday at the National Economic Council (NEC) meeting chaired by Vice President Mohammed Namadi Sambo. Okonjo-Iweala, represented by the […]
By Funmi Amodu, With Agency Reports Abuja–For the fourth month running, statutory revenue available for distribution between the three tiers of government dropped as the total revenue for October stood at N593.34 billion. The amount is about N10.192 billion lower than the N603.529 billion shared in September. This is just as governors of the 36 […]
