Federation Account: How States Shared N490bn in November 2010

FAAC: How States Shared N490bn in November 2010
The Economic Confidential magazine provides here the distribution of a total sum of N490 billion being the Statutory and VAT allocations shared to all tiers of government in Nigeria at the monthly meeting of the Federation Account Allocation Committee (FAAC) held in November 2010.

From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom receiving N14.3bn, Rivers receiving N14.2bn, Delta N11.7bn and Bayelsa N11.5bn. The highest recipients from non-oil –producing states are Lagos N10.3bn and Kano N8.8bn.

The lowest recipients as revealed in the table below are Gombe N3.5bn, Nasarawa N3.5bn, Ebonyi N2.9bn and Ekiti N3.7bn. The Economic Confidential can also confirm other disbursements in November 2010: Federal government N171bn, Ministry of FCT N3.2 billion, FCT Area Councils, Nigerian Customs Service (NCS) N2.1bn, and Federal Inland Revenue Service (FIRS) N3.6bn. Please check Facts and Figures of this magazine to see the second allocation on the disbursement of derivations which forms parts of the gross allocation to oil producing states and deductions.

1

S/
NO

2

STATES

3

NO OF L/GOV

4

GROSS STATUTORY REVENUE

5

STATE NET STATUTORY REVENUE

6

STATE VAT SHARED

7

LG GROSS STATUTORY REVENUE

8

LG NET STATUTORY REVENUE

9

LG NET VAT TO L/GOVT

10

TOTAL PAID (5+6+8+9)

 

 

 

=N=

=N=

=N=

=N=

=N=

=N=

=N=

1

ABIA

17

2,555,022,643.45

2,506,987,812.99

390,575,204.20

1,408,450,429.08

1,353,365,157.76

232,971,349.16

4,483,899,524.11

2

ADAMAWA

21

2,357,328,216.70

2,347,716,422.47

412,816,157.20

1,812,538,585.03

1,744,492,073.40

282,346,529.96

4,787,371,183.02

3

AKWA IBOM

31

10,685,296,320.90

10,867,325,226.67

669,208,406.30

2,390,373,777.67

2,289,924,165.26

528,105,729.39

14,354,565,526.62

4

ANAMBRA

21

2,381,083,527.89

2,361,471,891.81

464,098,996.23

1,796,772,860.67

1,728,726,349.04

317,124,188.40

4,871,421,431.49

5

BAUCHI

20

2,761,633,039.39

2,588,261,817.50

465,101,439.13

2,078,083,508.46

2,013,277,306.91

310,659,493.02

5,377,300,056.56

6

BAYELSA

8

12,266,505,395.49

10,312,785,214.15

356,051,861.97

764,557,927.54

738,635,446.92

130,058,840.33

11,537,531,36.37

7

BENUE

23

2,545,567,768.85

2,159,177,660.69

456,991,768.88

2,112,989,082.34

2,038,461,950.55

330,238,140.77

4,984,869,520.90

8

BORNO

27

2,808,684,095.69

2,788,805,940.91

446,085,747.78

2,428,404,603.56

2,340,916,231.46

357,999,529.01

5,933,807,449.17

9

CROSS RIVER

18

2,500,231,151.91

2,400,231,151.91

393,727,262.01

1,509,084,893.25

1,450,759,311.86

243,747,117.55

4,488,464,843.32

10

DELTA

25

9,624,370,613.19

8,899,577,649.32

517,691,630.93

1,994,615,559.97

1,913,607,808.03

384,216,160.64

11,715,093,248.92

11

EBONYI

13

1,954,316,508.70

1,376,337,691.93

377,793,884.86

1,075,120,446.01

1,032,996,415.00

188,257,391.13

2,975,385,382.92

12

EDO

18

2,524,615,587.53

2,252,653,500.56

443,303,603.60

1,510,427,406.07

1,452,101,824.67

276,144,285.76

4,423,203,214.58

13

EKITI

16

1,971,334,858.27

1,937,213,641.51

384,427,966.80

1,228,660,532.66

1,176,815,571.42

219,017,972.41

3,717,475,152.14

14

ENUGU

17

2,224,139,014.28

2,204,721,813.79

413,746,139.56

1,455,729,203.74

1,400,643,932.43

248,565,858.79

4,267,677,744.56

15

GOMBE

11

2,090,778,106.89

1,989,536,876.26

381,170,266.96

1,062,244,568.98

1,026,601,158.13

173,608,617.64

3,570,916,919.00

16

IMO

27

2,786,636,054.44

2,378,336,999.43

444,618,886.93

2,107,789,199.54

2,020,300,827.45

356,364,980.54

5,199,621,694.34

17

JIGAWA

27

2,608,198,137.94

2,567,811,256.69

467,645,003.47

2,211,393,833.96

2,123,905,461.86

371,838,442.20

5,531,200,164.22

18

KADUNA

23

2,972,592,938.57

2,654,728,287.33

545,330,170.62

2,371,865,987.16

2,297,338,855.38

390,489,331.69

5,887,886,645.03

19

KANO

44

3,725,582,500.29

3,636,887,639.55

723,544,915.10

3,892,563,328.68

3,749,989,685.27

692,570,662.32

8,802,992,902.24

20

KATSINA

34

2,833,294,348.03

2,773,578,935.01

508,921,426.94

2,845,879,866.02

2,735,709,323.38

462,618,083.53

6,480,827,804.85

21

KEBBI

21

2,369,884,991.49

2,312,478,791.38

426,259,339.77

1,767,786,325.04

1,699,739,813.41

290,185,443.09

4,727,663,387.65

22

KOGI

21

2,363,969,961.64

2,276,572,232.77

432,576,272.95

1,832,525,599.06

1,764,206,087.43

294,789,429.97

4,768,144,023.12

23

KWARA

16

2,154,211,506.84

2,128,998,232.71

183,057,925.51

1,407,123,500.12

1,355,278,538.88

218,136,576.57

3,885,471,273.67

24

LAGOS

20

3,365,400,561.26

2,723,335,821.13

3,276,649,941.10

2,364,459,895.60

2,299,653,694.05

2,042,350,797.92

10,341,990,254.19

25

NASSARAWA

13

2,018,387,837.11

1,957,182,423.40

347,637,806.35

1,126,000,627.19

1,083,876,596.18

168,783,907.04

3,557,480,732.97

26

NIGER

25

2,756,688,461.28

2,135,125,416.32

440,350,887.12

2,281,794,218.69

2,200,786,466.75

336,484,697.16

5,112,747,467.35

27

OGUN

20

2,303,934,144.86

2,282,438,833.37

443,321,135.60

1,688,482,733.39

1,623,676,531.84

294,222,969.11

4,643,659,469.91

28

ONDO

18

3,539,055,810.49

3,443,745,565.31

428,447,251.95

1,558,557,789.28

1,500,232,207.88

266,833,493.25

5,639,258,518.39

29

OSUN

30

2,185,160,302.54

2,125,614,914.12

436,490,593.15

2,124,034,037.49

2,026,824,735.16

375,644,823.58

4,964,575,066.01

30

OYO

33

2,753,038,091.40

2,520,324,931.18

544,751,442.74

2,716,080,210.17

2,609,149,977.61

475,146,515.80

6,149,390,867.33

31

PLATEAU

17

2,321,001,138.44

2,195,498,378.65

418,125,570.04

1,554,720,116.76

1,499,634,845.46

250,971,554.07

4,364,230,348.22

32

RIVERS

23

11,223,104,794.00

11,086,266,740.59

703,433,370.47

2,035,832,763.55

1,961,305,631.76

484,019,445.62

14,235,025,348.22

33

SOKOTO

23

2,457,844,280.61

2,430,399,581.33

456,063,652.58

1,951,549,852.83

1,877,022,721.05

327,887,427.59

5,091,373,382.55

34

TARABA

16

2,328,058,969.45

2,316,660,211.47

376,474,914.73

1,553,468,643.27

1,501,623,682.03

213,265,951.08

4,407,024,759.31

35

YOBE

17

2,310,523,918.24

2,163,370,063.52

377,697,079.30

1,506,485,878.60

1,451,400,607.28

223,357,386.05

4,215,825,136.15

36

ZAMFARA

14

2,317,548,670.60

2,290,813,919.16

406,097,578.49

1,414,321,812.88

1,368,957,471.79

217,914,316.26

4,283,783,284.71

37

FCT-ABUJA

6

0.00

0.00

0.00

601,877,371.30

582,432,510.83

434,862,48.02

1,017,297,948.86

38

STATE’S-TOTAL

774

124,936,024,258.65

117,392,991,492.88

18,958,285,536.31

67,542,373,975.60

65,034,373,975.60

13,410,799,875.42

214,769,450,880.22

39

FGN

 

169,510,214,481.11

166,133,244,270.51

5,364,319,950.17

0.00

0.00

0.00

171,497,564,220.68

40

FCT-ABUJA

 

3,214,652,559.41

2,869,896,309.41

383,165,710.73

0.00

0.00

0.00

3,253,062,020.14

41

Less:Cost of Collection-NCS

 

2,163,675,811.177

2,163,675,811.17

0.00

0.00

0.00

0.00

2,163,675,811.17

42

Transfer to Excess Crude Acct

 

29,572,997.810.72

29,572,997,810.72

0.00

0.00

0.00

0.00

29,572,997.810.72

43

Transfer to Oil Excess Revenue

 

17,079,069,414.98

2,055,058,914.05

 

0.00

0.00

0.00

17,079,069,414.98

44

Less: 4%Cost of Collection – FIRS VAT

 

2,055,058,914.05

2,055,058,914.05

1,596,523,794.69

0.00

0.00

0.00

3,651,582,708.74

45

TOTAL DEDUCTION

 

0.00

11,264,759,226.38

200,000,000.00

0.00

2,508,000,000.00

0.00

13,972,759,226.38

46

Local Government

 

67,542,373,975.60

     

0.00

0.00

0.00

49

Transfer from Excess Domestic to Sub

 

35,000,000,000.00

35,000,000,000.00

0.00

0.00

0.00

0.00

35,000,000,000.00

 

GRAND TOTAL

 

451,074,067,225.70

451,074,067,225.70

39,913,094,867.2

67,542,373,975.60

67,542,373,975.60

13,410,799,875.42

490,987,162,093.02

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

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