The total sum of N1,042,815,394,011.48 was receipted into the Federation Account for the months of March and April 2018, a report that was signed by the Sub-Treasury of the federation, Danladi Shuiabu has shown. N459,134,998,689.18 of the figure represents the monthly statutory share from the Federal Account Allocation Committee.
The report also put revenue realised from the Ministry of Finance Incorporated Investment (MoFI) for the three month of April to May at N7, 144,093,243.29 billion. Operating Surplus stands at N6,283,773,267.85, while internally generated revenue (IGR) amounts to N860,319,975.44 million. MoFI is a special division in the Office of the Accountant-General. It was established for the sole purpose of taking charge of all State Investment in accordance with the State Policies. MOFI is in charge of special and trust funds that usually appear in assets and liabilities statements i.e. statement No.2.It keeps records and investments the credit balances of…
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