The amount, when compared to the N420bn distributed in October, represents a decline of N33.1bn.
Addressing journalists shortly after the meeting, the Minister of Finance, Mrs. Kemi Adeosun, represented by the Accountant General of the Federation, Idris Ahmed,attributed the decline to a drop in crude oil export by 0.34 million barrels per day during the period under review.
The breakdown as follows:
- The Federal Government received N97.9bn, representing 52.68 per cent of the total available for sharing;
- The states got N49.6bn, representing 26.72 per cent; while
- Local governments received N38.2bn or 20.60 per cent of the amount distributed. Click to signup for FREE news updates, latest information and hottest gists everyday
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Since onception of our local governments in Nigerian history, it has been disappointing that nothing good can be recollected to its credibility. Progress in terms of adequate care and development has remained stagnant and what do we see, demand for levies of all canes without good road, clean water, foundermental etc, etc, has degenerated. Needless say more but to advance every arms of government to jointly monitor every project investments and take careful records of records of improvement under all major projects to be sure of accountability.
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