Gov. Wike Receives 25,883 Billion Naria From Federal Allocation For The Month Of July 2016

Thirty-six states of the Federation and the Federal Capital Territory, Abuja, collectively smiled home in the month of July when they pocketed a whopping N673.324billion as their share of statutory allocation and first tranche of the excess crude earnings distribution for the period.

This was revealed in a document from the office of the Accountant-General of the Federation titled: Distribution of Statutory Allocation and Excess Crude Proceeds to the three tiers of Government in July 2016.
Leading the pack in the amount received, Rivers state got a grand total of N25,883 billion which is made up of N10.138 billion from 13 per cent derivation, N12.803 billion from excess crude, N1.39 billion from statutory allocation and another N1.5 billion excess crude for local governments in the state.

From all indication, the state allocation is increasing, and this is good for the state.