…By Enitan Thompson for TDPel Media.
This amount was shared among the three tiers of government in Nigeria.
Among the total amount, the Federal Government received N301.889 billion, states were allocated N265.875 billion, Local Government Areas (LGAs) received N195.541 billion, and the oil-producing states received N22.855 billion as derivation, which represents 13% of the mineral revenue.
Higher Gross Statutory Revenue:
Changes in Tax Revenues:
On the other hand, the NNPC claimed that the Federal Government owed them over N4 trillion in subsidy payments, power debt, and other charges.