Home Financial Facts & Figures Federation Account: How They Share N474bn in February 2010

Federation Account: How They Share N474bn in February 2010

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Gross summary of Statutory Revenue and VAT Allocation

From the Federation Account Allocation Committee (FAAC) in February 2010, the Economic Confidential magazine provides here the distribution of a total sum of N474 billion being the Statutory and VAT allocations shared to all tiers of government. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom receiving N12.4bn, Rivers N12.2bn, Delta N11bn, Bayelsa 5.3b The highest recipients from non-oil –producing states are Lagos N10.2bn and Kano N7.5bn.

The lowest recipients as revealed in the table below are Gombe N3bn, Nasarawa N3bn, Ebonyi N3bn and Ekiti N3,1bn. The Economic Confidential can also confirm other disbursements in February 2010: Federal N135.7bn, FCT Councils N1b, Nigerian Customs Service (NCS) N1.5bn, and Federal Inland Revenue Service (FIRS) N3.9b.

 

 

STATES

NO OF L/GOVTS

GROSS STATUTORY REVENUE

NET STATUTORY REVENUE

 VAT SHARED

GROSS STATUTORY REVENUE

NET STATUTORY REVENUE

NET VAT TO L/GOVT

TOTAL PAID (5+6+8+9)

S/NO

 

 

 

=N=

 =N=

 =N=

 =N=

=N=

=N=

=N=

 

1

ABIA

17

2,084,661,626.82

2,054,349,343.94

477,490,171.79

1,097,969,648.03

1,097,969,648.03

284,570,715.39

3,914,379,879.15

1

2

ADAMAWA

21

1,837,675,489.99

1,828,063,695.76

499,938,268.54

1,412,980,046.12

1,412,980,046.12

341,283,771.02

4,082,265,781.44

2

3

AKWA IBOM

31

9,695,836,737.26

9,555,843,063.24

520,946,331.47

1,863,436,441.31

1,863,436,441.31

461,977,865.12

12,402,203,706.13

3

52

ANAMBRA

21

1,856,194,147.18

1,836,528,517.10

550,305,149.14

1,400,689,740.08

1,400,689,740.08

376,219,402.61

4,163,796,808.92

4

5

BAUCHI

20

2,152,854,792.50

2,004,802,670.68

570,956,212.34

1,619,987,875.51

1,619,987,875.51

380,358,674.36

4,576,105,432.89

5

6

BAYELSA

8

4,709,891,306.10

4,183,906,835.59

431,024,676.13

596,017,709.44

596,017,709.44

157,360,048.79

5,368,309,269.96

6

7

BENUE

23

1,984,419,252.18

1,966,420,608.17

533,323,426.13

1,647,198,815.89

1,647,198,815.89

387,305,256.68

4,543,248,106.86

7

8

BORNO

27

2,189,533,848.19

2,169,655,693.41

550,501,602.91

1,893,083,689.79

1,893,083,689.79

438,812,578.93

5,052,053,574.05

8

9

CROSS RIVER

18

1,725,112,366.24

1,221,342,340.69

483,863,355.83

1,176,420,110.27

1,176,420,110.27

299,047,144.98

3,180,672,931.77

9

10

DELTA

25

8,680,701,459.00

8,323,368,087.56

685,314,847.28

1,554,919,718.24

1,554,919,718.24

496,954,063.00

11,060,556,716.07

10

11

EBONYI

13

1,523,504,246.15

1,512,281,528.38

456,713,404.76

838,119,392.29

838,119,392.29

227,131,512.45

3,034,245,837.88

11

12

EDO

18

2,237,624,246.93

2,101,091,321.33

511,426,170.69

1,177,466,677.69

1,177,466,677.69

316,984,487.42

4,106,968,657.13

12

13

EKITI

16

1,536,771,046.96

1,510,363,767.70

448,899,107.41

957,812,887.66

957,812,887.66

254,958,094.07

3,172,033,856.84

13

14

ENUGU

17

1,733,846,701.49

1,714,429,501.00

506,628,156,16

1,134,826,223.53

1,134,826,223.53

303,926,475.63

3,659,810,356.32

14

15

GOMBE

11

1,629,884,058.92

1,562,227,353.29

464,276,787.34

828,081,891.59

828,081,891.59

211,645,200.82

3,066,231,233.04

15

16

IMO

27

2,280,531,065.37

1,893,337,917.55

533,181,718.63

1,643,145,202.53

1,643,145,202.53

427,492,291.20

4,497,157,129.91

16

17

JIGAWA

27

2,033,243,295.17

1,992,856,413.92

544,957,184.29

1,723,911,086.53

1,723,911,086.53

436,585,342.63

4,698,310,027.37

 

17

18

KADUNA

23

2,317,310,396.67

2,214,625,759.23

657,181,737.24

1,849,008,534.01

1,849,008,534.01

469,833,023.24

5,190,676,053.73

18

19

KANO

44

2,904,309,887.02

2,815,615,026.28

884,153,562.69

3,034,481,228.23

3,034,481,228.23

839,946,357.31

7,574,196,174.50

19

7

KATSINA

34

2,208,718,982.11

2,149,003,569.09

629,068,339.77

2,218,530,130.92

2,218,530,130.92

566,700,221.52

5,563,302,261.31

20

21

KEBBI

21

1,847,464,231.79

1,805,217,406.68

512,560,329.69

1,378,093,036.87

1,378,093,036.87

349,077,445.57

4,044,948,218.81

21

22

KOGI

21

1,842,853,119.39

1,811,986,640.52

584,915,964.82

1,428,348,275.35

1,428,348,275.35

391,846,051.77

4,217,096,932.46

22

23

KWARA

16

1,679,334,111.53

1,654,120,837.40

266,158,118.88

1,096,935,229.15

1,096,935,229.15

265,041,193.58

3,282,255,379.00

23

.

LAGOS

20

2,623,536,950.23

1,981,462,220.10

4,002,296,389.86

1,843,235,051.62

1,843,235,051.62

2,421,555,786.03

10,248,549,447.62

24

25

NASSARAWA

13

1,573,451,601.38

1,512,246,187.67

426,635,027.91

877,783,475.22

877,783,475.22

207,814,736.25

3,024,479,427.06

25

26

NIGER

25

2,149,000,204.10

1,990,928,182.71

545,022,872.04

1,778,792,312.06

1,778,792,312.06

413,657,983.46

4,728,401,350.27

26

27

OGUN

20

1,796,051,681.97

1,740,806,370.48

525,250,574.88

1,316,271,239.80

1,316,271,239.80

348,665,242.60

3,930,993,427.76

27

28

ONDO

18

3,291,365,631.54

3,251,125,117.72

501,855,488.16

1,214,987,131.96

1,214,987,131.96

312,521,139.14

5,280,488,876.99

28

29

OSUN

30

1,703,460,511.45

1,643,915,123.03

523,396,239.23

1,655,809,005.70

1,655,809,005.70

450,378,142.47

4,273,498,510.42

29

30

OYO

33

2,146,154,526.86

1,922,646,866.64

653,092,559.76

2,117,343,692.62

2,117,343,692.62

569,338,998.08

5,262,422,117.10

30

31

PLATEAU

17

1,802,340,376.21

1,685,837,616.42

505,207,562.56

1,211,995,441.35

1,211,995,441.35

302,679,347.28

3,705,719,967.60

31

32

RIVERS

23

9,113,689,582.54

9,072,117,546.59

952,805,411.21

1,587,050,943.85

1,587,050,943.85

639,105,704.92

12,251,079,606.58

32

33

SOKOTO

23

1,916,033,652.29

1,888,588,953.01

533,863,153.01

1,521,347,475.77

1,521,347,475.77

384,887,898.17

4,328,687,479.95

33

34

TARABA

16

1,814,858,396.51

1,803,459,638.53

454,357,306.17

1,211,019,844.41

1,211,019,844.41

257,731,491.87

3,726,568,280.97

34

35

YOBE

17

1,801,188,796.49

1,768,953,691.77

457,666,910.72

1,174,394,026.04

1,174,394,026.04

270,227,278.10

3,671,241,906.64

35

36

ZAMFARA

14

1,806,665,002.63

1,790,617,751.19

501,754,085.61

1,102,546,735.78

1,102,546,735.78

269,753,313.01

3,664,671,885.58

36

37

FCT-ABUJA

6

0.00

0.00

0.00

469,198,682.38

469,198,682.38

627,517,464.09

1,096,716,146.47

37

38

 STATE’S-TOTAL

774

96,230,063,329.16

91,934,224,149.36

22,886,988,205.07

52,653,238,658.59

52,653,238,658.59

16,160,891,743.55

183,635,342,756.57

38

39

FGN

 

132,156,056,486.32

128,843,380,193.64

6,926,096,461.52

0.00

0.00

0.00

135,769,467,655.16

39

0

FCT-ABUJA

 

2,493,099,461.95

2,493,099,461.95

0.00

0.00

0.00

0.00

2,493,099,461.95

40

41

Less:Cost of Collection-NCS

 

1,574,622,309.03

1,574,622,309.03

0.00

0.00

0.00

0.00

1,574,622,309.03

41

42

Transfer to Excess Crude Acct

 

116,153,683,047.64

116,153,683,047.64

0.00

0.00

0.00

0.00

116,153,683,047.64

42

43

Less: 4%Cost of Collection – FIRS VAT

 

1,988,913,409.42

1,988,913,409.42

1,923,915,683.76

0.00

0.00

0.00

3,912,829,093.18

43

44

Transfer from Excess Domestic to Sub

 

23,229,018,563.12

23,229,018,563.12

0.00

0.00

0.00

0.00

23,229,018,563.12

44

45

TOTAL DEDUCTION

 

0.00

7,608,515,472.48

200,000,000.00

0.00

0.00

0.00

7,808,515,472.48

45

46

Local Government 

 

52,653,238,658.59

52,653,238,658.59

16,160,891,743.55

0.00

0.00

0.00

0.00

46

49

Excess Revenue

               

49

 

GRAND TOTAL

 

426,478,695,265.23

426,478,695,265.23

48,097,892,093.90

52,653,238,658.59

52,653,238,658.59

16,160,891,743.55

474,576,587,359.13

 

This table is provided by the Economic Confidential (www.economicconfidential).