Federation Account: How they share N627bn in May 2011
The Economic Confidential magazine provides here the distribution of a total sum of N627.3 billion being the statutory and VAT allocations shared to all tiers of government at the May 2011 meeting of the Federation Account Allocation Committee (FAAC). From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Rivers receiving N11.7bn, Delta N11.1bn, Akwa Ibom N9.6bn and Bayelsa N6.4bn. The highest recipients from non-oil –producing states are Lagos N10.3bn and Kano N7.8bn.
The lowest recipients as revealed in the table below are Gombe N3.1bn, Nasarawa N2.7bn, Ebonyi N2.5bn and Ekiti N3.2bn. The Economic Confidential can also confirm other disbursements in May 2011: Federal N147.3bn, FCT Councils N2.9billion, Nigerian Customs Service (NCS) N2.1bn, and Federal Inland Revenue Service (FIRS) N3.9bn. This table is provided by the Economic Confidential (www.economiconfidential.net)
| STATE | GOVERNMENT | LOCAL GOVERNMENTS |
|||||||
| 2 STATES |
3 NO OF L/GOVTS |
4 GROSS STATUTORY + MIN REVENUE |
5 NET STATUTORY + MINERAL REVENUE |
6 NET VAT SHARED |
7 GROSS STATUTORY REVENUE |
8 NET STATUTORY REVENUE |
9 NET VAT TO L/GOVT |
10 TOTAL PAID (5+6+8+9) |
|
| =N= | =N= | =N= | =N= | =N= | =N= | =N= | |||
| 1 | ABIA | 17 | 2,119,671,769.53 | 2,094,778,805.50 | 435,291,516.11 | 1,204,237,782.30 | 1,077,790,033.68 | 259,226,831.74 | 3,867,087,187.03 |
| 2 | ADAMAWA | 21 | 2,015,536,823.46 | 1,790,644,657.39 | 453,795,770.73 | 1,549,736,789.38 | 1,420,168,340.02 | 310,139,569.78 | 3,974,748,337.93 |
| 3 | AKWA IBOM | 31 | 6,540,677,244.07 | 6,840,350,853.22 | 482,033,504.46 | 2,043,791,075.25 | 1,887,233,277.66 | 426,780,425.21 | 9,636,398,060.55 |
| 4 | ANAMBRA | 21 | 2,035,847,828.15 | 1,958,394,734.08 | 505,897,518.89 | 1,536,256,953.29 | 1,435,329,222.68 | 345,543,421.03 | 4,245,164,896.68 |
| 5 | BAUCHI | 20 | 2,361,221,082.56 | 2,110,460,636.63 | 525,418,541.30 | 1,776,780,086.82 | 1,595,124,258.78 | 349,691,847.52 | 4,580,695,284.23 |
| 6 | BAYELSA | 8 | 7,583,077,849.45 | 5,242,190,322.29 | 407,800,844.72 | 658,703,903.31 | 615,225,224.03 | 150,358,477.64 | 6,415,604,888.68 |
| 7 | BENUE | 23 | 2,176,483,333.29 | 2,000,875,770.87 | 491,978,060.42 | 1,806,642,666.38 | 1,696,084,770.95 | 357,181,290.22 | 4,546,119,892.46 |
| 8 | BORNO | 27 | 2,401,450,158.80 | 2,392,665,583.57 | 495,587,111.82 | 2,076,307,773.38 | 1,875,625,232.96 | 397,298,711.47 | 5,161,176,693.82 |
| 9 | CROSS RIVER | 18 | 2,179,071,617.43 | 2,183,848,525.07 | 439,439,744.94 | 1,290,281,154.12 | 1,203,771,670.74 | 271,514,742.83 | 4,098,574,683.59 |
| 10 | DELTA | 25 | 8,579,396,681.39 | 8,557,155,457.84 | 578,216,467.21 | 1,705,414,240.28 | 1,556,912,278.86 | 424,232,343.62 | 11,116,516,547.54 |
| 11 | EBONYI | 13 | 1,670,958,189.06 | 1,087,892,286.56 | 420,402,512.59 | 919,237,649.32 | 856,758.577.99 | 208,389,772.01 | 2,573,380,149.14 |
| 12 | EDO | 18 | 2,593,784,881.23 | 2,501,892,020.71 | 469,728,034.10 | 1,291,429,014.65 | 1,133,367,498.87 | 290,535,396.31 | 4,395,522,949.98 |
| 13 | EKITI | 16 | 1,685,509,030.98 | 1,664,452,161.17 | 407,112,406.01 | 1,050,515,804.11 | 965,336,176.74 | 231,046,697.93 | 3,267,947,441.84 |
| 14 | ENUGU | 17 | 1,901,658,857.69 | 1,876,553,563.98 | 470,801,200.77 | 1,244,661,559.79 | 1,162,958,158.82 | 281,749,415.89 | 3,792,062,339.47 |
| 15 | GOMBE | 11 | 1,787,634,082.64 | 1,709,268,844.20 | 410,345,285.61 | 908,228,658.68 | 817,691,076.25 | 184,565,299.39 | 3,121,870,505.44 |
| 16 | IMO | 27 | 2,309,156,716.92 | 1,666,099,941.22 | 487,781,963.65 | 1,802,178,719.82 | 1,545,436,824.96 | 391,608,529.78 | 4,090,927,259.61 |
| 17 | JIGAWA | 27 | 2,230,032,862.06 | 2,210,165,253.40 | 534,290,852.24 | 1,890,761,613.91 | 1,752,924,205.80 | 420,263,381.70 | 4,917,643,693.15 |
| 18 | KADUNA | 23 | 2,541,593,693.41 | 2,243,885,501.99 | 594,989,792.60 | 2,027,966,747.94 | 1,908,890,897.69 | 426,234,893.27 | 5,174,001,085.55 |
| 19 | KANO | 44 | 3,185,406,539.91 | 3,117,665,472.48 | 822,509,158.17 | 3,328,176,649.76 | 3,116,709,023.72 | 776,271,097.89 | 7,833,154,752.25 |
| 20 | KATSINA | 34 | 2,422,492,145.86 | 2,251,305,067.87 | 595,107,418.76 | 2,433,252,876.91 | 2,149,151,638.62 | 530,517,811.89 | 5,526,081,937.14 |
| 21 | KEBBI | 21 | 2,026,272,978.83 | 1,992,777,007.85 | 454,444,944.98 | 1,511,473,204.66 | 1,337,779,191.23 | 310,928,117.22 | 4,095,929,261.28 |
| 22 | KOGI | 21 | 2,021,215,575.11 | 1,775,045,523.36 | 469,387,954.60 | 1,566,592,448.66 | 1,465,664,718.05 | 319,576,180.59 | 4,029,674,376.60 |
| 23 | KWARA | 16 | 1,841,870,210.02 | 1,828,014,523.94 | 221,270,786.60 | 1,203,103,246.11 | 1,126,205,927.55 | 238,935,278.47 | 3,414,426,516.55 |
| 24 | LAGOS | 20 | 2,877,447,734.57 | 2,280,705,507.51 | 3,933,151,773.23 | 2,021,634,473.06 | 1,815,963,846.19 | 2,293,529,622.11 | 10,323,350,749.05 |
| 25 | NASSARAWA | 13 | 1,725,739,751.01 | 1,287,908,626.76 | 382,596,286.87 | 962,740,661.77 | 900,261,590.44 | 185,253,417.56 | 2,756,019,921.63 |
| 26 | NIGER | 25 | 2,356,993,423.81 | 2,130,366,303.18 | 490,379,236.01 | 1,950,954,575.93 | 1,830,802,515.68 | 373,914,765.82 | 4,825,462,820.69 |
| 27 | OGUN | 20 | 1,969,884,411.90 | 1,905,320,711.10 | 489,758,048.43 | 1,443,667,920.67 | 1,329,453,476.09 | 324,116,456.27 | 4,048,645,691.89 |
| 28 | ONDO | 18 | 2,943,316,061.82 | 2,749,318,178.82 | 465,259,595.03 | 1,332,580,925.11 | 1,219,113,138.10 | 289,357,268.26 | 4,723,048,180.21 |
| 29 | OSUN | 30 | 1,868,331,708.64 | 1,829,808,109.05 | 458,080,638.18 | 1,816,068,202.35 | 1,671,885,730.05 | 400,697,155.11 | 4,360,471,632.40 |
| 30 | OYO | 33 | 2,353,872,324.74 | 2,164,559,987.07 | 599,437,038.43 | 2,322,273,003.95 | 2,129,517,133.25 | 522,124,343.04 | 5,415,638,501.80 |
| 31 | PLATEAU | 17 | 1,976,781,763.95 | 1,882,490,859.98 | 457,448,846.09 | 1,392,299,680.61 | 1,247,596,279.64 | 273,764,056.49 | 3,861,300,042.20 |
| 32 | RIVERS | 23 | 9,457,260,108.83 | 8,713,596,332.04 | 857,413,995.57 | 1,740,655,319.98 | 1,630,115,424.55 | 568,620,703.71 | 11,769,746,455.87 |
| 33 | SOKOTO | 23 | 2,101,478,962.00 | 2,080,307,675.90 | 481,334.888.46 | 1,668,592,673.41 | 1,558,052,777.98 | 348,058,033.38 | 4,467,753,375.71 |
| 34 | TARABA | 16 | 1,990,511,353.86 | 1,984,850,726.35 | 412,951,542.24 | 1,328,229,659.51 | 1,241,550,413.22 | 233,831,603.59 | 3,873,184,285.40 |
| 35 | YOBE | 17 | 1,975,518,727.39 | 1,960,201,094.51 | 433,033,005.62 | 1,288,058,973.22 | 1,206,355,572.25 | 254,880,900.50 | 3,854,470,572.89 |
| 36 | ZAMFARA | 14 | 1,981,524,953.84 | 1,690,117,438.41 | 447,694,494.88 | 1,209,257,868.25 | 1,117,008,489.20 | 239,890,729.01 | 3,494,711,151.49 |
| 37 | FCT-ABUJA | 6 | 0.00 | 0.00 | 0.00 | 514,610,564.82 | 485,774,070.36 | 686,893,957.98 | 1,172,668,028.35 |
| 38 | Escrow A/C (Rivers & Akwa-Ibom) | 2,725,077,315.89 | 2,725,077,315.89 | 0.00 | 0.00 | 0.00 | 0.00 | 2,725,077,315.89 | |
| 39 | STATE’S-TOTAL | 774 | 104,513,722,754.13 | 96,480,948,381.80 | 21,082,170,780.32 | 57,749,337,121.46 | 53,085,618,703.64 | 14,897,519,546.23 | 185,546,257,411.98 |
| 40 | FGN | 144,945,344,527.82 | 141,394,930,316.36 | 5,959,007,818.49 | 0.00 | 0.00 | 0.00 | 147,353,938,134.85 | |
| 41 | FCT-ABUJA | 2,735,970,013.86 | 2,513,782,513.86 | 425,643,415.61 | 0.00 | 0.00 | 0.00 | 2,939,425,929.47 | |
| 42 | Cost of Collection-NCS | 2,174,611,819.95 | 2,174,611,819.95 | 0.00 | 0.00 | 0.00 | 0.00 | 2,174,611,819.95 | |
| 43 | Transfer to Excess Crude | 216,198,222,053.45 | 216,198,222,053.45 | 0.00 | 0.00 | 0.00 | 0.00 | 216,198,222,053.45 | |
| 44 | 4% Cost of Collection-FIRS VAT | 2,220,870,818.38 | 2,220,870,818.38 | 1,773,514,231.69 | 0.00 | 0.00 | 0.00 | 3,994,385,050.07 | |
| 45 | TOTAL DEDUCTION | 0.00 | 11,805,376,083.80 | 200,000,000.00 | 0.00 | 4,663,718,417.82 | 0.00 | 16,669,094,501.62 | |
| 46 | Transfer to Oil Excess Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 47 | Transfer from Excess Domestic to Sub | 52,435,315,095.69 | 52,435,315,095.69 | 0.00 | 0.00 | 0.00 | 0.00 | 52,435,315,095.69 | |
| 48 | Cost of NACOFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 49 | Local Government | 57,789,337,121.46 | 57,749,337,121.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| GRAND TOTAL | 582,973,394,204.74 | 582,973,394,204.74 | 44,337,855,792.34 | 57,749,337,121.46 | 57,749,337,121.46 | 14,897,519,546.23 | 627,311,249,997.08 | ||
This table is exclusively provided by the Economic Confidential magazine. www.economicconfidential.com
