Revenue: Nigeria Earned N28.6trn From Oil, Non-Oil Sources In 5 Years - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
September 23, 2019
TheNigeria Extractive Industries Transparency Initiative, NEITI has said thattwenty eight point six trillion naira was remitted to the Federation Account between2012 and 2016, from mineral revenues, non-mineral revenues and Value Added Tax,VAT.
NEITIannounced this in a statement by its Director of Communications and Advocacy,Orji Ogbonnaya Orji on its latest Fiscal Allocation and Statutory Disbursement,FASD Audit reports for the period 2012-2016 in Abuja.
Itnoted that apart from remittances to the Federation Account, the audit trackedstatutory allocations and their applications with specific focus on ninestates, four interventionist agencies, and five special funds.
Thenine states covered were Rivers, Bayelsa, Akwa Ibom, Nasarawa, Delta, Ondo,Imo, Kano and Gombe.
Italso listed the Federal agencies as Niger Delta Development Commission, NDDC,Petroleum Technology Development Fund, PTDF, Tertiary Education Trust Fund,TETFUND; and Petroleum Products Pricing Regulatory Agency, PPPRA.