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Economic Confidential,
June 8, 2008
FACTS AND FIGURES
FEDERATION ACCOUNT
How They Share N892bn in May 2008
From documents obtained by the Economic Confidential a total
sum of N892bn was allocated to the tiers of government in May 2008.
The amount released at the monthly meeting of the Federation Account
Allocation Committee (FAAC) in Abuja was the highest disbursement
ever made in the history of federal allocation for any given month.
The Economic Confidential in a computed table (below)
shows that huge disbursement came from accounts of Statutory and
VAT, Excess Crude Proceeds and differential in the Excess Foreign
Crude Proceeds (for 3month Jan-March2008) paid to federal, states
(with their Local Government Councils) and two revenue generating
agencies (Nigerian Customs Service and Federal Inland Revenue
Service) . The reason for increase in the release from the excess
crude may not be unconnected with agitations and pressure from
governors who continue to declare that the Excess Crude Account is
illegal.
From the jumbo package in May 2008, the highest recipients are
mostly oil producing states of Rivers which received N42bn, Akwa
Ibom N29bn, Delta N21bn,d Bayelsa N19bn and Ondo N12bn. The highest
recipients from non-oil –producing states are Kano N15bn, Lagos
N13bn, Oyo N11bn and Katsina N11bn.
The lowest recipients with less thanN7bn as is authoritatively
revealed in this table by the Economic Confidential are Ekiti
N6.5bn, Nasarawa N6.4bn, Gombe N6.3bn and Ebonyi N5.6bn. Economic
Confidential can also confirm other disbursements in April 2008:
Federal N331bn, FCT Councils N1.5bn. Though the revenue generating
agencies could not benefit from the bonuses from the excess crude
disbursement they nevertheless received the monthly statutory and
VAT Allocation. Nigerian Customs Service (NCS) received N1.5bn and
Federal Inland Revenue Service (FIRS) N2.16bn.
Please see the details:
|
S/N |
Governments |
Statutory/VAT
N513bn |
Excess Crude Proceeds
N67.bn |
Excess Crude Proceeds Differential Jan-March
N311 |
Total |
|
1 |
Abia |
4,080,925,298.31 |
731,774,531.26 |
3,359,136,662.27 |
8,171,836,491.84 |
|
2 |
Adamawa |
4,277,024,176.78 |
750,627,048.04 |
3,445,677,225.74 |
8,473,328,450.56 |
|
3 |
Akwa Ibom |
13,618,773,028.05 |
2,893,599,465.39 |
13,282,774,454.24 |
29,795,146,947.68 |
|
4 |
Anambra |
4,278,193,805.86 |
752,065,271.43 |
3,452,279,244.16 |
8,482,538,321.45 |
|
5 |
Bauchi |
4,864,247,116.87 |
871,208,198.82 |
3,999,192,751.45 |
9,734,648,067.14 |
|
6 |
Bayelsa |
8,659,926,926.69 |
1,841,291,179.57 |
8,845,260,147.05 |
19,346,478,253.31 |
|
7 |
Benue |
4,762,358,438.42 |
838,597,236.70 |
3,849,495,442.00 |
9,450,451,117.12 |
|
8 |
Borno |
5,381,595,748.56 |
942,740,048.43 |
4,327,552,441.90 |
10,651,888,238.89 |
|
9 |
Cross River |
4,257,036,808.80 |
848,171,238.90 |
3,893,443,926.71 |
8,998,651,974.41 |
|
10 |
Delta |
9,853,012,504.85 |
2,011,844,721.96 |
9,235,168,860.91 |
21,100,026,087.72 |
|
11 |
Ebonyi |
3,114,547,395.35 |
545.335,720.94 |
2,503,308,239.33 |
5,617,855,634.68 |
|
12 |
Edo |
3,907,947,447.56 |
693,084,672.67 |
3,181,534,796.00 |
7,782,566,916.23 |
|
13 |
Ekiti |
3,299,092,989.45 |
576,038,326.46 |
2,644,245,431.65 |
6,519,376,747.56 |
|
14 |
Enugu |
3,880,220,047.47 |
662,421,307.20 |
3,040,777,731.16 |
7,583,419,085.83 |
|
15 |
Gombe |
3,155,673,626.09 |
567,582,662.98 |
2,605,430,567.24 |
6,328,686,856.31 |
|
16 |
Imo |
5,212,775,136.88 |
946,213,550.68 |
4,343,497,201.18 |
10,502,485,888.74 |
|
17 |
Jigawa |
4,937,345,078.82 |
867,585,528.90 |
3,982,563,253.11 |
9,787,493,860.83 |
|
18 |
Kaduna |
5,485,303,192.45 |
962,068,003.02 |
4,416275,454.34 |
10,863,646,649.81 |
|
19 |
Kano |
7,879,567,875.76 |
1,371,359,467.11 |
6,295,086,350.10 |
15,546,013,692.97 |
|
20 |
Katsina |
5,803,190,722.35 |
1022,320,850.59 |
4,692,860,031.47 |
11,518,371,604.41 |
|
21 |
Kebbi |
4,120,706,446.68 |
744,831,466.75 |
3,419,073,198.47 |
8,284,611,111.90 |
|
22 |
Kogi |
4,265,685,507.90 |
755,371,407.15 |
3,467,455,724.38 |
8,488,512,639.43 |
|
23 |
Kwara |
3,631,934,898.61 |
641,083,878.80 |
2,942,830,433.26 |
7,215,849,210.67 |
|
24 |
Lagos |
7,907,240,184.27 |
1,031,444,992.71 |
4,734,743,479.16 |
13,673,428,656.14
|
|
25 |
Nassarawa |
3,289,104,732.96 |
566,028,399.24 |
2,598,295,877.43 |
6,453,429,009.63 |
|
26 |
Niger |
5,027,962,762.82 |
906,988,534.76 |
4,163,438,749.53 |
10,098,390,047.11 |
|
27 |
Ogun |
4,163,858,019.73 |
718,683,890.48 |
3,299,045,405.33 |
8,181,587,315.54 |
|
28 |
Ondo |
6,086,088,012.62 |
1,189,141,952.53 |
5,458,635,356.58 |
12,733,865,321.73 |
|
29 |
Osun |
4,314,901,043.88 |
775,707,709.78 |
3,560,807,456.15 |
8,651,416,209.81 |
|
30 |
Oyo |
5,506,434,554.95 |
984,508,216.04 |
4,519,284,973.04 |
11,010,227,744.03 |
|
31 |
Plateau |
3,902,413,675.85 |
696,057,140.29 |
3,195,179,606.68 |
7,793,650,422.82 |
|
32 |
Rivers |
19,297,055,653.47 |
4,082,873,210.10 |
18,742,014,789.43 |
42,121,943,653.00 |
|
33 |
Sokoto |
4,531,056,939.12 |
793,744,898.67 |
3,643,605,339.78 |
8,968,407,177.57 |
|
34 |
Taraba |
4,040,573,102.30 |
698,722,465.81 |
3,207,414,512.79 |
7,946,710,080.90 |
|
35 |
Yobe |
3,979,455,925.06 |
687,108,469.49 |
3,154,101,642.28 |
7,820,666,036.83 |
|
36 |
Zamfara |
3,787,198,931.46 |
671,782,351.30 |
3,083,748,653.32 |
7,542,729,936.08 |
|
37 |
FCT-Abuja |
953,119,654.54 |
108,345,291.58 |
497,348,056.81 |
1,558,813,002.93 |
|
|
State’s total |
199,513,547,411.58 |
36,748,353,306.53 |
168,689,583,466.38 |
404,951,484,184.49 |
|
38 |
FGN |
157,855,152,274.81 |
31,092,589,579.97 |
142,727,374,513.52 |
331,675,116,368.30 |
|
39 |
Customs |
1,504,454,707.41 |
0.00 |
0.00 |
1,504,454,707.41 |
|
40 |
Transfer to Excess Crude |
145,515,839,320.34 |
0.00 |
0.00 |
145,515,839,320.34 |
|
41 |
FIRS |
2,166,235,577.82 |
0.00 |
0.00 |
2,166,235,577.82 |
|
42 |
Total deduction |
6,448,422,261.12 |
0.00 |
0.00 |
6,448,422,261.12 |
|
43 |
GRAND TOTAL |
513,003,651,553.08 |
67,840,942,886.50 |
311,416,957,979.90 |
892,261,552,419.48 |
This table was created and computed by the monthly Economic
Confidential Magazine
The Breakdown of the Disbursements from the
following links:
FAAC: Disbursement of N513bn from
Statutory and VAT Accounts inMay
2008
Disbursement of N67.8bn from Excess Crude
Proceeds in May 2008
Disbursement of N311bn in May as
Differential from Jan. to Mar. 2008 |
