Buhari gave directive on December salary

President Muhammadu Buhari has directed
the ministry of finance to pay the salaries
to workers in all ministries, agencies and
parastatals of government, the minister of
finance, Kemi Adeosun has said.
Adeosun who stated this at the monthly
federation account allocation committee
(FACC) meeting in Abuja on Tuesday,
December 22, reiterated that the
government was conscious of the festive
period.
She said: “People have already started
getting alerts. We are very conscious of the
need that people are paid in time for the
festive season.”
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The minister said the balance from the
excess crude account (ECA), was $2.258
billion at December 22, and added that the
amount remained unchanged from what it
was in November. She said a $150 million
dividend from the Nigeria Liquefied Natural
Gas (NLNG) was also shared at the meeting.
While giving the breakdown of what was
shared for November among the three tiers
of government, Mrs Adeosun lamented that
there was a revenue decline of N103.95
billion, indicating the difference between
the N473.83billion for October and the
N369.88 billion shared in November.
She said: “Yesterday, the three tiers shared a
statutory revenue of N297.45 billion, Value
Added Tax (VAT) was N61.18 billion,
exchange gain of N4.92 billion and refund
made by the Nigeria National Petroleum
Corporation (NNPC) for debt owed the
Federation Account -N6.33 billion.”
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“From the statutory revenue of
N297.45billion, the Federal Government after
deducting the cost of collection to the
Nigerian Customs Service (NCS) and the
Federal Inland Revenue Service (FIRS)
received N139.5 billion; states N70.76
billion; and local government areas- N54.55
billion.
“Also, N25.6 billion was allocated to the oil
producing states as the 13 per cent
derivation fund. For VAT revenue of N61.18
billion, the Federal Government, after
deducting cost of collection of FIRS got N8.8
billion, while states pocketed N29.36 billion
and local governments got N20.55 billion.”
Adeosun blammed the reduction on the
downward turn of crude oil prices in the
commodity, and maintained that the
government would focus on other non-oil
sectors to boast Nigeria’s economy.
She said: “Even though the revenues were
currently down, non oil revenue is
beginning to make up for the shortfall in oil
revenue. Ongoing maintenance and the
shutdown and shut-in of production for
repairs at different terminals during the
month continued to impact crude oil and
gas revenue negatively.
“We don’t have to rely on oil with its price
going down and very unstable. We are
focusing on revenue from non-oil and you
can see impressive N369.882 billion
compliance with tax,” she added.
Meanwhile, the federal government has
declared Thursday, 24th December, 2015 as
public holiday to mark the Eid-El-Maulud
celebration. Friday, 25th and Monday 28th
December, 2015 have also been declared as
public holidays to mark Christmas and
Boxing Day celebrations.
This was contained statement issued by the
minster of interior, Retired Lt.-Gen.
Abdulrahman Dambazau, on Tuesday, 22
December.

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