Tag Archives: 102bn Naira

Okorocha Presents 102bn Naira 2016 Budget

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Governor Rochas Okorocha State has presented a 102-billion-Naira budget proposal for the 2016 fiscal year before the Imo State House for Assembly.

The Governor made the budget presentation on Tuesday at the hallow chamber in Owerri, the capital of Imo State in southeast Nigeria.

Governor Okorocha explained that the budget, which was tagged ‘Budget of Consolidation and Continuity’, showed that 43.1 per cent of the total budget was proposed for capital expenditure while 56.9 per cent was proposed for recurrent expenditure.

He disclosed that the budget targeted 23 billion Naira from the Imo State’s share of the Federal Allocation, 17 billion Naira from Internally Generated Revenue (IGR) and 148 billion Naira from Excess Crude Oil among others.

Credit: Channelstv

Nigeria’s Gross Statutory Revenue Drops By Over 102bn Naira

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Nigeria’s Gross Statutory Revenue for the month of November dropped by 102 billion Naira to 297 billion Naira compered with the month of October, a government official said on Tuesday.

The current revenue position was made known by the Minister of Finance, Miss Kemi Adeosun, during the Federation Accounts Allocation Committee (FAAC) meeting.

The FAAC during the meeting distributed the sum of 369 billion Naira to the Federal, States and Local Governments for the month of November.

Addressing reporters in Abuja after the meeting, the Minister of Finance said that the Gross Statutory Revenue for the month which stood at 297 billion Naira was less than what it was in October.

Credit: ChannelsTv