According to the provisions of the 1999 Constitution, all revenues generated by the Federal Government must be paid into the?

Assessment: JAMB UTME - Principles of Accounts - 2004 Subject: Financial Accounting

Question 1 Report

According to the provisions of the 1999 Constitution, all revenues generated by the Federal Government must be paid into the?
Answer Details
According to the provisions of the 1999 Constitution of Nigeria, all revenues generated by the Federal Government must be paid into the Consolidated Revenue Fund. This fund is a general pool of all revenues generated by the Federal Government, and the funds are managed and disbursed in accordance with the approved budget.
Read lesson note on Public Sector Accounting (JAMB)
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