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LG, States, FG share N20bn in October
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LG, States, FG share N20bn in October

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adeosun2Four hundred and twenty billion naira was shared among the three tiers of government for October.

The amount is same as September’s figure.

The fiscal authorities blame it on oil revenue losses owing to a drop in crude production by about nine hundred and fifty million barrels per day.

The net statutory revenue for October was more than one hundred and ninety seven billion Naira.

Finance minister,  Kemi Adeosun is positive the manufacturing sector will get better with government’s planned stimulus package.

Proposed plans for the sector include tax relief, infrastructure investment and special forex allocation scheduled for next year.

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