At N322.62 billion, the estimated Federal Government’s retained revenue for the month of November 2019 was below the monthly budget of N705.44 billion by 54.3 percent. This percentage could reduce if, for some reason, the total budget is not fully implemented. At N369.84 billion or 43.1 percent of total revenue, non-oil receipt was below the monthly budget of N447.24 billion by 17.3 per cent. The Federal Government received N276.12 billion, while the state and local governments received N140.05 billion and N107.98 billion, respectively. This was below the monthly budget estimate of N1.091 trillion by 37.4 percent.

Source: The Guardian December 24, 2019 04:41 UTC