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 petrolPlease subscribe to our newsletter