THREE TIERS OF GOVERNMENT SHARE 345 BILLION AS EXCESS CRUDE ACCOUNT WITNESS MARGINAL INCREASE

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The three tiers of Government shared over 345 billion naira as the nation’s revenue declined by 20 billion naira in the month of February. The Federation Account Allocation Commission says this decline is due to the volatility on the international oil market.

While reading out the figures of what is available in the Federation account for sharing by all the tiers of government for the month of March, Chairman of the meeting and Permanent Secretary of the Ministry of Finance says the revenue profile of the nation went down by 20 billion naira due to the volatility of the international oil market.

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