TDPel Media News Agency

FG And States Share N699.824 Billion For December 2021

✔ Fact Checked by TDPel News Desk
By Samantha Allen
Published: January 22, 2022 | 2:51 PM GMT

The statement noted that from this amount, inclusive of cost of collection to Nigeria Customs Service (NCS), NUPRC and Federal Inland Revenue Service (FIRS), the Federal Government received N279.457 billion, the States N210.046 billion, while LGCs got N155.456 billion.

The oil-producing states received N49.003 billion as derivation (13 per cent of Mineral Revenue).

The statement added that the gross revenue available from Value Added Tax (VAT) for Dec. 2021 was N201.255 billion as against N196.175 billion distributed in November, an increase of N5.080 billion.

It added that under VAT, Federal Government received N28.111 billion, States N93.705 billion and LGCs N65.593billion, citing that the gross statutory revenue of N560.066 billion received for the month was lower than the N643.481 billion received in the previous month by N83.415 billion.

The statement also revealed that Company Income Tax (CIT) and VAT increased reasonably, Petroleum Profit Tax (PPT) and oil and gas royalties decreased significantly while import and excise duties decreased marginally. The distributable statutory revenue of N507.267 billion, VAT of N187.409 billion, Exchange Gain of N5.148 billion, brings the total distributable revenue for the month to N699.824 billion.

Spread the News. Auto-share on
Facebook Twitter Reddit LinkedIn

10
We are taking you to the next article automatically...You can cancel it below or click Load Now to read it now!
Samantha Allen profile photo on TDPel Media

About Samantha Allen

Samantha Allen is a seasoned journalist and senior correspondent at TDPel Media, specializing in the intersection of maternal health, clinical wellness, and public policy. With a background in investigative reporting and a passion for data-driven storytelling, Samantha has become a trusted voice for expectant mothers and healthcare advocates worldwide. Her work focuses on translating complex medical research into actionable insights, covering everything from prenatal fitness and neonatal care to the socioeconomic impacts of healthcare legislation. At TDPel Media, Samantha leads the agency's health analytics desk, ensuring that every report is grounded in accuracy, empathy, and scientific integrity. When she isn't in the newsroom, she is an advocate for community-led wellness initiatives and an avid explorer of California’s coastal trails.