Minister of Finance, Kemi Adeosun, who spoke at the monthly Federation Account Allocation Committee (FAAC) meeting, said salaries were already being paid in response to the Presidential directive.
She said salaries were being paid, and that people have already started getting alerts. “We are very conscious of the need that people are paid in time for the festive season.”
Mrs. Adeosun said the balance in the Excess Crude Account (ECA), was $2.258 billion as at December 22, adding that the amount remained unchanged from what it was in November. She said $150 million dividend from the Nigeria Liquefied Natural Gas (NLNG) was also shared at the meeting.
While giving the breakdown of what was shared for November among the three tiers of government, Mrs Adeosun lamented that there was revenue decline of N103.95 billion, indicating the difference of the N473.83billion for October and the N369.88 billion shared in November.
“We don’t have to rely on oil with its price going down and very unstable. We are focusing on revenue from non-oil and you can see impressive N369.882 billion compliance with tax.”Earn N50,000 Monthly click for more info
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