By Adepoju Adeyemi
The Executive Governor of the State of Osun, Ogbeni Aregbesola Rauf at the Humuani Adigun memorial central mosque Ogo Oluwa area Osogbo yesterday where he observed Jumat prayer.
In a report gathered by a member of Progressives e-Group, Comrade Adabanija Qomarudeen says Ogbeni admonished the youths to embrace farming as a fall back option now
that the price of crude oil is no longer appreciable in the world market.
In October, The Organisation of Petroleum Exporting Countries, OPEC, secretariat calculation showed that daily basket price of 12 crudes dropped to $40.47 per barre.
The disclosure came just as the Federal and the 36 states of the federation as well as the 774 Local Governments and the authorities of the Federal Capital Territory, Abuja shared N511.799 billion allocation for the month.
The amount included a value added tax, VAT, of N74.945 billion.
Apart from the deduction for cost of collection by the Federal Inland Revenue Service, FIRS, of N6.621 billion, or 4%, similar deductions of N3.199billion, or 7%, went to the Nigerian Customs Service, NCS, and N2.389 billion or 4% for the Department of Petroleum Resources, DPR.
Another N240 million was for the refund to the NCS.
Details of the distributable revenue available showed that statutory allocation was about N424.115billion, while gross revenue of N433.584 billion received was lower by N52.368 billion than the N485.952 billion earned in the previous month.
Aregbesola said, "since 1956 that Nigeria discovered oil we never look at other alternative to crude oil but instead relied on it and based all our demands on the oil money.
In a report gathered by a member of Progressives e-Group, Comrade Adabanija Qomarudeen says Ogbeni admonished the youths to embrace farming as a fall back option now
that the price of crude oil is no longer appreciable in the world market.
In October, The Organisation of Petroleum Exporting Countries, OPEC, secretariat calculation showed that daily basket price of 12 crudes dropped to $40.47 per barre.
The disclosure came just as the Federal and the 36 states of the federation as well as the 774 Local Governments and the authorities of the Federal Capital Territory, Abuja shared N511.799 billion allocation for the month.
The amount included a value added tax, VAT, of N74.945 billion.
Apart from the deduction for cost of collection by the Federal Inland Revenue Service, FIRS, of N6.621 billion, or 4%, similar deductions of N3.199billion, or 7%, went to the Nigerian Customs Service, NCS, and N2.389 billion or 4% for the Department of Petroleum Resources, DPR.
Another N240 million was for the refund to the NCS.
Details of the distributable revenue available showed that statutory allocation was about N424.115billion, while gross revenue of N433.584 billion received was lower by N52.368 billion than the N485.952 billion earned in the previous month.
Aregbesola said, "since 1956 that Nigeria discovered oil we never look at other alternative to crude oil but instead relied on it and based all our demands on the oil money.
Conclusively, He encouraged the youth to shun violence and try as much as possible
to live in peace with everybody irrespective of which religion someone
belong....
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