FAAC Distribution for December
FAAC SHARED N559.101 BILLION FOR THE MONTH OF DECEMBER
The Federation Account Allocation Committee (FAAC) has met and shared the sum of N559.101billion for the month of December .The meeting was chaired by the Hon. Minister of State for Finance, Dr. Yerima Lawn Ngama
Using 52.68% as the formula, the Federal Government got N 256,244,933,916billion, State Governments - 26.72% got N129, 970,854,864billion while Local Governments - 20.60% got N100, 202,081,220billion.
VAT distribution- the Federal Government got N8,226,442,938.60billion using 15%, State Governments 50% got N27,421,476,462.01billion while Local Governments using 35% got N19.195,033,523.41billion. The total VAT collected for the month of December 2011 is N57, 128,075,962.53.
The meeting was attended by the Accountant Generals and Commissioners of Finance from the 36 states.
The YouWIN Project
YouWIN! stands for Youth Enterprise with Innovation in Nigeria. It is an innovative business plan competition aimed at job creation by encouraging and supporting 
aspiring entrepreneurial youth in Nigeria to develop and execute business ideas.
QUICK STEPS TO GET YOU STARTED
1. Register on the Site by Clicking REGISTER HERE.
2. Choose your preferred choice, a. I want to start a Business or b. I want to Expand My Business
3. Fill the form carefully and submit. You are allowed one entry so fill the form Properly
Apply Now | Closes Friday 25th November, 2011
Press Release
-
We Must SUCCEED Because Nigerians Must Not Suffer in VainOKONJO-IWEALA: Rail Projects, Social Programmes, Refineries, Dams, Key Roads will be Completed from SUBSIDY PROCEEDS Nigerians will derive clear and measurable benefits from the ongoing deregulation...
-
Okonjo-Iweala: Thrills About the Economic ReformerGovernance in any part of the world has never been an easy task but the determination of a group within any system with the mindset to create the enabling environment and stand for transformation and...
- 1
- 2