Nigeria’s revenue rises to N844.03 billion

The Accountant General of Nigeria, Jonah Otunla, said on Tuesday that the country’s gross revenues rose by N259.88 billion to N844.03 billion ($5.2 billion) in May.

Nigeria’s received N584.15 billion received the previous month . According to Otunla, the increase was due to payments from Nigerian Liquefied Natural Gas (NLNG).

Otunla said the balance in Nigeria’s excess crude account rose to $3.73 billion as at June 17, up from $3.6 billion last month.
He said N683.89 billion would be distributed to Nigeria’s three tiers of government – federal, state and local – up from N634.72 billion in April.