REVENUE to IMO STATE GOVERNMENT from Federation Allocation Account Committee (FAAC) between 2011 - 2013. Under Rochas Okorocha administration. Gross Statutory Allocation =94 billion 13% Derivation = 16.34 billion V.A.T. = 20.90 billion Budget Agumentation = 13.26 billion Exchange Gain = 1.6 billion Internally Generated Revenue (IGR) = 21.7 billion. NNPC Refund = 3.13 billion Cash Handed over by Ohakim = 28.01 billion Excess crude & Sure-P = 24.53 billion Total Revenue for the period under review = 224.49 billion If u add from November 2013 till date. U have #355.16 billion. NOTE: This is outside Local government allocation which the Governor collects through JAAC. Also different from Bank loans and credit sales of Imo assets and monuments like ADAPALM, ITC , Concorde Hotels, General Hospitals, Nsu Tiles, Avutu Poultry, etc. Question is where are all these money deployed to. Which factory, Power plant, industries, Estates, flyover, critical infrastructure, etc, they are used for.
Posted on: Tue, 09 Sep 2014 10:20:12 +0000
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