Bayelsa faults FG’s 13% derivation calculation

Bayelsa faults FG’s 13% derivation calculation

The Bayelsa State Government has taken exception to the fiscal arrangement in which states, particularly oil-producing states, do not know how the Federal Government usually arrives at the figures that constitute 13 per cent derivation that accrues to the states. The Commissioner for Finance, Mr Maxwell Ebibai, stated this at the income and expenditure briefing

 
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Source: Bayelsa faults FG’s 13% derivation calculation

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