Edo net allocation from January to June 2014 is said to be at - TopicsExpress

Edo net allocation from January to June 2014 is said to be at 30.27 billion naira. according to the report from FAAC below. By estimation, Edo monthly average net revenue will be 30.27 billion divided by 6 months, which amounts to 5.045 billion naira monthly. If we are to bench our monthly net allocation on 5 billion naira, all things been equal, Edo will be earning about 60 Billion naira from the Federation account for the year 2014, plus a yet to be predicted internally generated revenue, to fund and implement a N159.213 billion Naira Edo state 2014 budget which is is made up of N85,595 billion representing 53.76% Capital Expenditure and N73.617 billion representing 46.24% Recurrent Expenditure. I think with these figures and estimated calculations, we can be in better position to ask credible questions. Enjoy your day folks

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