Despite the trillions of naira that was reportedly accrued to the Federal Government account in less than one year, millions of Nigerians still live below poverty line, without any means of survival.
Reports have revealed, that thief Muhammadu Buhari’s administration received a total of N2, 203,573,573,563.25 from the Federation Account, as allocation between June 2015 and May 2016.
In a recent survey conducted by the Economic Confidential, it stated that during the period under review, the administration got the highest allocation in July 2015, with N412.60 billion, and the lowest allocation of N113.80 billion, in May 2016.
The report further revealed, that in June 2015, the Federal Government received N173.91 billion, made up of N159.72 billion, for Consolidated Revenue Fund, N3.27 billion for Share of Derivation and Ecology, N1.63 billion for Stabilisation Fund, N5.49 billion for Development of Natural Resources, and N3.78 billion for the Federal Capital Territory Administration.
In August, September and October 2015, it received N216.99 billion, N180.86 billion and N162.93 billion respectively. Between November and December 2015, the Federal Government, also got N205.15 billion and N151.64 billion, to end the year.
In January 2016, it received N175.04 billion, made up of N160.87 billion for Consolidated Revenue Fund, N3.10 billion for Share of Derivation and Ecology, N1.77 billion representing that of Stabilisation Fund, while Development of Natural Resources and the FCT, stood at N5.46 billion and N3.82 billion, respectively.
However, in the subsequent three months, the Federal Government witnessed a drastic reduction in revenue, in a descending order of, N150.32 billion, N139.36 billion, N120.92 billion, for February, March and April respectively.
Meanwhile, total inflows into the Treasury Single Account, TSA, of the Federal Government under tyrant Buhari, stood at N3 trillion, while the number of Ministries, Departments and Agencies, MDAs, rose to 976.
Eze Afrika
