The report released in Abuja, on Monday, noted that amount rose by 41.4 per cent compared to N2.788 trillion disbursed in the first half of 2017 and 95.4 per cent higher than the N2.019 trillion disbursed in the first half of 2016.
The figure indicated a decline of N107.1 billion when compared to what was generated in June.
The party said this in a statement by its spokesman, Kola Ologbondiyan, on Friday.
Adeosun gave the indication while briefing state House correspondents on the deliberations at the National Economic Council meeting presided over by Vice President, Yemi Osinbajo.
Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja, said the postponement was unfortunate.
The summon followed the boycott of Tuesday’s Federation Accounts Allocation Committee by the Commissioners of Finance for the 36 states of the Federation.
This is coming after the Federation Account Allocation Committee meeting on Tuesday was inconclusive due to discrepancies of about N37.76 billion in revenue presented by the NNPC.
The Accountant-General of the Federation, Ahmed Idris, while briefing newsmen in Abuja on the outcome of the monthly FAAC meeting, highlighted several factors that impacted negatively on the month’s income.
The state net statutory allocation for the month of September is N2,414,041,323.57 as against N3,338,804,388.52 received for the month of August.
The Federal Accounts Allocation Committee has called for the speedy review of laws, fiscal regime, licenses and price regime of petroleum products in the country. This was contained in a communique made available to the News Agency of…
The implementation of a three-pronged financial intervention of President Muhammadu Buhari to assuage workers plight and support the states is now in progress, Senior Special Assistant to the Vice President, Laolu Akande said on Monday.…