March salary delay likely as revenue sharing meeting deadlocked in Abuja

FG, states, LGs share N635.55bn as allocation drops by N20bn

The payment of March salaries to civil servants, nationwide, may be delayed as the three tiers of government failed on Tuesday to share revenue from the federation account for the month of March

The monthly meeting of the Federation Account Allocation Committee ended, abruptly, over the rejection of revenue figure presented by the Nigerian National Petroleum Corporation (NNPC) for sharing.

Accordingly, finance commissioners and accountant generals of the 36 states left the meeting empty handed

Following the deadlock, Finance Minister, Kemi Adeosun said the meeting will continue today to resolve the dispute over the low revenue figure.

The Accountant General of the Federation, Ahmed Idris, addressing newsmen after the meeting ended abruptly, says the disputed revenue figure presented by NNPC to the meeting must be reconciled before they could meet again to share the revenue

Chairman of the Federation Account Allocation Committee commissioners, Mahmood Yunusa, said the less than 100 billion naira revenue figure presented by NNPC was far lower than 111.8 billion naira in January 2018

Last December, the meeting for sharing revenue from the federation account was also deadlocked, after NNPC claimed it deducted 774 million naira daily from the revenue to subside the imported petrol

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1 Comment
  1. Abigail Akinwale 2 months ago

    Disbursement of salaries for March 2018 started since last week Thursday. All Banks except Guarantee Trust Bank(GTB) has refused to follow suit without any explanation or apologies to civil servants who have salary accounts with them.This is really provoking.

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