FG Got N2.2tr from Federation Account in One Year – Thisday

Facts have emerged that the federal government under President Muhammadu Buhari got a total N2,203,573,573,563.25 from the Federation Account as allocation between June 2015 and May 2016.

In a recent search by the Economic Confidential, the economic intelligent magazine and carefully computed, the administration under Buhari’s watch got the highest allocation in July 2015 with N412.60 billion and the lowest allocation within the period under review of N113.80 billion in May 2016.

The report further reveals that in June 2015, the federal government received N173.91 billion made up of N159.72 billion for consolidated Revenue fund, N3.27billion for share of derivation and ecology, N1.63 billion for stabilisation fund, N5.49 billion for development of natural resources,   and N3.78 billion for the Federal Capital Territory Administration (FCTA).

In  August, September and October 2015, it  received N216.99 billion, N180.86 billion and N162.93 billion  respectively.

Read more at http://www.thisdaylive.com/index.php/2016/08/01/fg-got-n2-2tr-from-federation-account-in-one-year/