Civil servants to receive April salary next week as FAAC shares #780.926bn for March 2020

The Federation Accounts Allocation Committee (FAAC) has shared a total of ₦780.926 billion as March 2020 Federation Account Revenue.

The Office of the Accountant General of the Federation (OAGF) disclosed in Abuja that the Federal, States, Local Governments and relevant Agencies in the country shared ₦780.926 billion as at the end of the FAAC meeting.

According to the statement: “The N780.926 billion comprised Statutory Revenue, Value Added Tax (VAT), and Exchange Gain.”

It was also disclosed the balance in the Excess Crude Account (ECA) grew a little to $72.221 million.

The gross statutory revenue for the month of March 2020 was put at ₦597.676 billion.

This was higher than the ₦466.058 billion received in February 2020 by ₦131.618 billion.
Expectedly, Civil servants across the country are to receive their April 2020 salary next week.

As the COVID-19 indused hunger continues to bite harder, this blog suggests that government should fashion out a way for farmers to return the farm to cultivate the land and grow good for the nation as the current palliative measures for the vulnerable is not sustainable.
They should be taught how to practice social distancing on the farm by extension workers to reduce their risk of contracting the virus in the course of their farming activities.

We need to to save, government needs to save to cushion the long term effect of Coronavirus. We need to get everybody back to the farm immediately. It is the farming season and farmers are being forced to stay at home. The crisis has begun, the farm is the only hope for us. Get farmers back to the farm and stop sharing food to able-bodied men because when government go broke what will you fall back on?
We need to start growing more cassava, groundnut and grains now.