Federation Account Outlook For December 2014
Statutory & VAT- 643,937,731,304.39
SURE-P 35,549,235,691.42
1st Additional Fund From NNPC 20,001,250,000.00
2nd Additional Fund From NNPC 35,600,000,000.00
Foreign Exchange Gain 6,130,197,386.15
Excess Crude 36,873,306,834.41
____________________
__778,091,721,216.37__
FAAC Distributes N778.0bn For December 2014
…As States, FG Fail To Pay Workers’ Salaries
Despite their failing to pay staff salaries, local governments, states and the Federal Government along with Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS) and the Department of Petroleum Resources (DPR) shared a total of seven hundred and seventy eight billion, ninety one million, seven hundred and twenty one thousand, thirty seven kobo (N778,091,721,216.00) in December 2014.
On December 25, 2014, the Nigeria Labour Congress (NLC) cried out over the failure of at least 22 state governments to pay salaries and allowances of their staff including Plateau, Benue, Cross Rivers, Ekiti, Akwa Ibom, Osun even as 21 states government by the Peoples Democratic Party (PDP) contributed N50m each to fund President Goodluck Jonathan’s campaign for re-election.
Worse of them is Akwa Ibom State, which traditionally collects the highest allocation from the Federation Account is said to be owing about 300 staff of Akwa Ibom State University, in Mkpat Enin council nine months arrears of salaries.
Exclusive documents available to Economic Confidential revealed that the money was shared among federal, states and local governments, Federal Capital Territory (FCT), Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS) and Department of Petroleum Resources (DPR).
While Federal Government got N251, 688,298,783.052, the 36 states and 774 local governments got N311, 437,713, 006.29.
Meanwhile, FIRS was got N10, 049, 282, 628.06, NCS got N3, 536, 132, 175.94 and DPR was allocated N3, 750, 164, 723.89 as their costs of collection.
As usual, Akwa Ibom State got the highest state allocation of N25, 422, 347, 896.40 followed by Delta State-N18, 871, 784, 821.10, Rivers State-N17, 691, 244, 965.11, Lagos State-N14, 389, 735, 731.82, Bayelsa State-13, 269, 240, 895.37 and Kano State-N13, 057, 234, 791.51 in descending order.
Also, the table showed in ascending order that Ebonyi State was allocated N4, 545, 913, 086.79, Gombe State- N4, 772,010, 724.02, Ekiti State- N5, 001, 294,593.12, Nassarawa State- N5, 388, 392, 319.88 and Kwara State- N5, 766, 576, 082.67 making up the five states with least allocation.
