Gross summary of Statutory Revenue and VAT Allocation
As part of the two allocations at the meeting of the Federation Account Allocation Committee (FAAC) in April, 2010 the Economic Confidential magazine provides here the distribution of a total sum of N523 billion being the Statutory and VAT allocations shared to all tiers of government. Other allocations are in Fact and Figures pages. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom receiving N17.6bn, Rivers N17.1bn, Delta N15.7bn, Bayelsa 6.4b The highest recipients from non-oil –producing states are Lagos N11.8n and Kano N9.1bn.
The lowest recipients as revealed in the table below are Gombe N3.4bn, Nasarawa N3.5bn, Ebonyi N3.7bn and Ekiti N3.7bn. The Economic Confidential can also confirm other disbursements in March 2010: Federal N167.9bn, FCT Councils N1.2b, Nigerian Customs Service (NCS) N1.5bn, and Federal Inland Revenue Service (FIRS) N3.8bn.
Please check Facts and Figures of this magazine to see the other distribution of N339.6bn from the excess crude proceeds to the State governments and Local Government councils.
| STATES | NO OF L/GOV | GROSS STATUTORY REVENUE | NET STATUTORY REVENUE | VAT SHARED | GROSS STATUTORY REVENUE | NET STATUTORY REVENUE | NET VAT TO L/GOV | TOTAL PAID (5+6+8+9) | |
| =N= | =N= | =N= | =N= | =N= | =N= | =N= | |||
| 1 | ABIA | 17 | 2,742,881,112.94 | 2,534,565,705.07 | 489,356,585.14 | 1,367,695,799.56 | 1,367,695,799.56 | 291,733,821.03 | 4,683,351,910.79 |
| 2 | ADAMAWA | 21 | 2,289,117,056.29 | 1,805,143,918.31 | 510,272,731.97 | 1,760,091,344.42 | 1,760,091,344.42 | 349,062,611.14 | 4,424,570,605.84 |
| 3 | AKWA IBOM | 31 | 14,688,557,526.51 | 14,311,470,107.49 | 544,983,613.32 | 2,321,206,417.76 | 2,321,206,417.76 | 481,527,637.05 | 17,659,187,775.63 |
| 52 | ANAMBRA | 21 | 2,312,184,988.73 | 2,207,279,139.90 | 556,972,937.95 | 1,744,781,813.80 | 1,744,781,813.80 | 381,996,840.10 | 4,891,029,731.75 |
| 5 | BAUCHI | 20 | 2,681,722,998.48 | 2,533,670,876.66 | 585,241,880.20 | 2,017,952,515.02 | 2,017,952,515.02 | 390,361,364.39 | 5,527,226,636.28 |
| 6 | BAYELSA | 8 | 6,944,880,768.55 | 6,078,507,619.47 | 445,824,336.20 | 742,434,837.91 | 742,434,837.91 | 162,882,544.01 | 6,429,649,337.59 |
| 7 | BENUE | 23 | 2,471,909,747.80 | 2,118,168,119.42 | 555,094,959.05 | 2,051,848,068.45 | 2,051,848,068.45 | 402,672,742.77 | 5,127,783,889.69 |
| 8 | BORNO | 27 | 2,727,412,595.18 | 2,707,534,440.40 | 575,013,773.75 | 2,358,136,791.56 | 2,358,136,791.56 | 457,335,103.42 | 6,098,020,109.13 |
| 9 | CROSS RIVER | 18 | 2,148,901,785.49 | 1,994,722,066.74 | 506,447,896.22 | 1,465,418,325.74 | 1,465,418,325.74 | 312,955,262.78 | 4,279,543,541.48 |
| 10 | DELTA | 25 | 13,086,214,639.13 | 12,672,321,892.68 | 633,130,374.68 | 1,936,899,777.78 | 1,936,899,777.78 | 469,937,923.29 | 15,712,289,968.43 |
| 11 | EBONYI | 13 | 1,897,766,811.50 | 1,814,188,593.73 | 457,041,160.96 | 1,044,010,983.75 | 1,044,010,983.75 | 225,959,129.62 | 3,541,199,868.05 |
| 12 | EDO | 18 | 2,955,062,524.41 | 2,740,313,973.81 | 589,970,132.02 | 1,466,721,991.88 | 1,466,721,991.88 | 364,199,053.34 | 5,161,205,151.05 |
| 13 | EKITI | 16 | 1,914,292,721.64 | 1,874,272,942.38 | 456,682,133.51 | 1,193,108,266.30 | 1,193,108,266.30 | 259,231,645.56 | 3,783,294,987.74 |
| 14 | ENUGU | 17 | 2,159,781,789.01 | 1,967,536,463.52 | 517,976,297.29 | 1,413,606,525.40 | 1,413,606,525.40 | 310,894,652.47 | 4,210,013,938.68 |
| 15 | GOMBE | 11 | 2,030,279,785.19 | 1,757,982,304.56 | 456,964,218.70 | 1,031,605,690.43 | 1,031,605,690.43 | 204,652,008.15 | 3,450,108,211.84 |
| 16 | IMO | 27 | 2,983,838,614.75 | 2,373,498,335.68 | 551,049,499.10 | 2,048,798,648.39 | 2,048,798,648.39 | 442,003,826.39 | 5,413,350,309.56 |
| 17 | JIGAWA | 27 | 2,532,727,857.52 | 2,195,144,101.27 | 602,588,859.28 | 2,147,405,400.59 | 2,147,405,400.59 | 474,711,084.63 | 5,419,894,445.77 |
| 18 | KADUNA | 23 | 2,886,678,605.77 | 2,704,233,468.33 | 673,310,496.37 | 2,303,234,164.85 | 2,303,234,164.85 | 482,327,792.36 | 6,163,105,921.91 |
| 19 | KANO | 44 | 3,617,778,817.69 | 3,529,084,956.95 | 964,060,422.88 | 3,779,928,923.46 | 3,779,928,923.46 | 898,700,128.19 | 9,171,774,431.49 |
| 7 | KATSINA | 34 | 2,751,310,730.36 | 2,488,157,817.34 | 641,459,603.79 | 2,763,632,076.41 | 2,763,632,076.41 | 580,814,636.59 | 6,473,964,134.12 |
| 21 | KEBBI | 21 | 2,301,310,490.85 | 1,587,350,071.99 | 505,933,925.58 | 1,716,634,026.55 | 1,716,634,026.55 | 346,852,746.09 | 4,156,770,770.21 |
| 22 | KOGI | 21 | 2,295,566,617.08 | 1,958,112,638.21 | 521,574,211.93 | 1,779,234,917.83 | 1,779,234,917.83 | 356,334,042.55 | 4,615,257,810.52 |
| 23 | KWARA | 16 | 2,091,877,689.43 | 2,066,664,415.30 | 262,330,075.86 | 1,368,407,266.34 | 1,368,407,266.34 | 262,514,239.91 | 3,957,915,997.41 |
| . | LAGOS | 20 | 3,268,020,018.84 | 2,625,955,288.71 | 4,313,015,973.10 | 2,296,042,374.42 | 2,296,042,374.42 | 2,624,168,493.03 | 11,859,132,129.26 |
| 25 | NASSARAWA | 13 | 1,959,984,185.24 | 1,769,841,271.53 | 438,552,910.88 | 1,093,418,906.56 | 1,093,418,906.56 | 213,391,550.35 | 3,505,264,639.32 |
| 26 | NIGER | 25 |
2,676,921,495.66 | 2,233,474,474.27 | 552,524,507.22 | 2,215,768,694.39 | 2,215,768,694.39 | 421,359,068.14 | 5,423,126,744.01 |
| 27 | OGUN | 20 |
2,237,267,984.25 | 2,182,022,672.76 | 546,394,421.69 | 1,639,626,147.18 | 1,639,626,147.18 | 361,986,154.77 | 4,729,028,398.30 |
| 28 | ONDO | 18 |
4,622,616,619.39 | 4,487,300,105.57 | 529,279,262.51 | 1,513,459,684.31 | 1,513,459,684.31 | 329,346,803.26 | 5,859,385,855.66 |
| 29 | OSUN | 30 |
2,121,930,957.19 | 2,062,385,568.77 | 525,366,721.49 | 2,062,573,429.07 | 2,062,573,429.07 | 456,523,237.76 | 5,106,838,957.09 |
| 30 | OYO | 33 |
2,673,376,752.13 | 2,328,444,607.54 | 685,372,763.10 | 2,637,488,276.48 | 2,637,488,276.48 | 595,027,042.16 | 6,246,332,689.28 |
| 31 | PLATEAU | 17 |
2,245,101,552.98 | 1,933,861,233.19 | 512,094,249.09 | 1,609,733,057,91 | 1,609,733,057,91 | 307,000,035.99 | 4,262,688,636.18 |
| 32 | RIVERS | 23 |
13,717,526,390.29 | 13,478,798,104.34 | 1,018,928,120,93 | 1,976,924,328.90 | 1,976,924,328.90 | 682,798,344.75 | 17,157,448,898.92 |
| 33 | SOKOTO | 23 |
2,386,724,608.23 | 2,359,279,908.95 | 528,722,672.57 | 1,895,080,211.01 | 1,895,080,211.01 | 384,334,569.69 | 5,167,417,362.22 |
| 34 | TARABA | 16 |
2,260,694,737.91 | 2,249,295,979.93 | 464,793,780.71 | 1,508,517,796.78 | 1,508,517,796.78 | 263,612,712.28 | 4,486,220,269.69 |
| 35 | YOBE | 17 |
2,243,667,077.31 | 2,194,331,972.59 | 461,252,811.40 | 1,462,894,515.64 | 1,462,894,515.64 | 272,419,299.92 | 4,390,898,599.55 |
| 36 | ZAMFARA | 14 |
2,250,488,562.90 | 1,916,191,311.46 | 504,657,307.70 | 1,373,397,290.21 | 1,373,397,290.21 | 270,609,042.38 | 4,064,355,451.75 |
| 37 | FCT-ABUJA | 6 | 0.00 | 0.00 | 0.00 | 584,461,572.50 | 584,461,572.50 | 625,320,109.32 | 1,209,781,681.83 |
| 38 | STATE’S-TOTAL | 774 | 129,176,278,116.63 | 118,831,106,528.82 | 23,682,226,128.03 | 65,587,981,849.53 | 65,587,981,849.53 | 16,717,558,289.62 | 224,818,872,795.99 |
| 39 | FGN | 164,607,156,953.17 | 161,230,186,742.57 | 6,687,023,315.85 | 0.00 | 0.00 | 0.00 | 167,917,210,058.42 | |
| 0 | FCT-ABUJA | 3,119,779,156.24 | 2,945,365,436.49 | 477,644,622.56 | 0.00 | 0.00 | 0.00 | 3,423,009,959.05 | |
| 41 | Less:Cost of Collection-NCS | 1,534,140,541.83 | 1,534,140,541.83 | 0.00 | 0.00 | 0.00 | 0.00 | 1,534,140,541.83 | |
| 42 | Transfer to Excess Crude Acct | |
40,586,752,208.13 | 40,587,752,208.13 | 0.00 | 0.00 | 0.00 | 0.00 | 40,587,752,208.13 |
| 43 | Less: 4%Cost of Collection – FIRS VAT
|
1,862,663,383.61 | 1,862,663,383.61 | 1,990,200,106.74 | 0.00 | 0.00 | 0.00 | 3,852,863,490.35 | |
| 44 | Transfer from Excess Domestic to Sub | 25,000,000,000.00 | 25,000,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 25,000,000,000.00 | |
| 45 | TOTAL DEDUCTION | |
0.00 | 0.00 | 200,000,000.00 | 0.00 | 0.00 | 0.00 | 14,096,555,517.16 |
| 46
47 |
Local
Government
Duplicated VAT Remittance |
0.00 |
65,587,981,849.53
0.00
|
65,587,981,849.53
350,305.61 |
16,717,558,289.62
0.00 |
0.00
0.00 |
0.00
0.00 |
0.00
0.00 |
0.00
350,305.61 |
| 49 | Excess Revenue | 41,848,221,653.30 | 41,848,221,653.30 | 0.00 | 0.00 | 0.00 | 0.00 | 41,848,221,653.30 | |
| |
GRAND TOTAL | 473,323,973,861.43 | 473,323,973,861.43 | 49,765,002,668.40 | 65,587,981,849.53 | 65,587,981,849.53 | 16,717,558,289.62 | 523,078,976,529.83 |
This table is provided by the Economic Confidential (www.economiconfidential) Other tables in other pages of the magazine.
