The Accountant General of the Federation Mr.Ahmed Idris has assured that the federal government is putting measures in place to improve the country’s revenue.
Idris gave the assurance while fielding questions from newsmen during the briefing on the Federal Account Allocation Committee meeting for the distribution of the October 2019 revenue to the three tiers of government.
The AGF who noted that the revenues were improving also disclosed that the federal government will soon commence the implementation of the new minimum wage for civil servants.
The difference between the revenue distributed for September and that of October shows that revenue is improving taking into account measures to improve the revenue.
“Government is not unaware of its responsibility. The relevant agencies are talking about the implementation of the minimum wage and very soon implementation will start,” he said.
The Accountant General of the Federal gave a breakdown of the distribution of revenue for October 2019, saying that FAAC shared to the Federal Government, States and Local Government Councils a sum total of N702.058 billion as federal allocation for the month of October 2019.
According to him, from this amount, inclusive of VAT, Exchange Gain and Solid Minerals Revenue, the Federal Government received N295.737billon, representing 52.68%, the States received N192.697 billion representing 26.72%, Local Government Councils got N144.987 billion, representing 20.60%, while the oil producing states received N49.164 billion as 13 per cent derivation revenue.