Federation Account: How They Share N724bn in June, 2011

Gross summary of Statutory Revenue and VAT

The Economic Confidential magazine provides here the distribution of a total sum of N724.2 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the Federation Account Allocation Committee (FAAC) in June 2011. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Rivers receiving N15.9bn, Delta N15bn, Akwa Ibom N17.2bn and Bayelsa N8.8bn. The highest recipients from non-oil –producing states are Lagos N12.3bn and Kano N9.8bn.

The lowest recipients as revealed in the table below are Gombe N3.9bn, Nasarawa N3.3bn, Ebonyi N3.3bn and Ekiti N4.1bn. The Economic Confidential can also confirm other disbursements in June, 2011: Federal Government N184.8bn, FCT Councils N3.7billion, Nigerian Customs Service (NCS) N2.6bn, and Federal Inland Revenue Service (FIRS) N3.6bn.

STATE

GOVERNMENT

LOCAL GOVERNMENTS

2
STATES

3
NO
OF
LGS

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=

ABIA

2,605,240,127.00

2,580,347,162.97

527,809,125.90

1,505,145,569.20

1,387,059,273.64

314,086,392.41

4,809,301,954.92

ADAMAWA

2,519,167,197.70

2,294,275,031.63

564,554,416.87

1,936,975,816.78

1,807,407,367.42

383,483,893.87

5,049,720,709.80

A/IBOM

13,140,511,643.18

13,440,185,252.34

749,719,180.01

2,554,481,454.17

2,405,492,899.46

606,834,062.40

17,202,231,394.21

ANAMBRA

2,544,553,395.65

2,467,100,301.58

631,291,783.76

1,920,127,719.28

1,819,199,988.67

428,204,607.63

5,345,796,681.64

BAUCHI

2,951,228,,986.97

2,700,468,541.04

642,453,551.42

2,220,751,345.32

2,047,298,915.64

426,505,965.49

5,816,726,973.59

BAYELSA

9,754,453,775.07

7,413,566,247.91

483,151,622.46

817,047,553.31

778,598,894.03

175,345,084.36

8,850,662,848.76

BENUE

2,720,330,065.79

2,544,722,503.37

609,289,009.81

2,258,053,311.21

2,147,513,415.78

439,928,980.24

5,741,453,909.20

BORNO

3,001,510,265.92

2,992,725,690.69

665,690,714.63

2,595,123,231.76

2,429,440,984.24

516,583,885.67

6,604,441,275.24

C/RIVER

2,754,952,787.43

2,759,729,695.08

535,599,908.40

1,612,688,947.90

1,526,179,464.52

330,438,532.55

5,151,947,600.54

DELTA

11,949,581,,464.36

11,927,340,240.81

659,009,430.31

2,131,553,024.78

1,983,051,063.36

489,184,650.06

15,058,585,384.53

EBONYI

2,088,487,300.06

1,505,358,397.56

503,513,030.34

1,148,931,295.17

1,086,452,223.84

248,680,210.11

3,344,003,861.85

EDO

3,278,711,636.39

3,186,854,775.86

609,071,306.71

1,614,123,629.00

1,490,991,102.53

373,030,848.61

5,659,948,033.71

EKITI

2,106,674,019.96

2,085,617,150.15

506,473,687.12

1,313,012,455.83

1,236,115,137.27

287,062,579.23

4,115,268,553.77

ENUGU

2,376,834,081.99

2,351,728,788.28

569,747,605.67

1,555,670,200.20

1,473,966,799.23

340,384,433.83

4,735,827,627.01

GOMBE

2,234,317,473.17

2,155,952,234.73

509,741,920.40

1,135,171,443.32

1,054,337,824.92

230,244,664.42

3,950,276,644.48

IMO

3,028,956,155.50

2,385,899,379.80

624,707,462.74

2,252,496,437.93

2,019,066,578.04

492,550,493.61

5,522,223,914.18

JIGAWA

2,787,260,232.86

2,767,392,624.20

605,550,881.12

2,363,213,899.64

2,233,449,674.57

485,661,811.83

6,092,054,991.72

KADUNA

3,176,672,034.86

2,878,963,843.44

757,352,410.51

2,534,703,037.91

2,415,627,187.65

535,751,988.57

6,587,695,430.17

KANO

3,981,357,012.82

3,913,615,945.39

998,632,626.06

4,159,801,670.02

3,948,334,043.98

939,489,919.94

9,800,072,535.36

KATSINA

3,027,810,099.77

2,856,623,021.78

726,280,162.54

3,041,259,658.41

2,807,743,362.84

644,934,674.05

7,035,581,221.21

KEBBI

2,532,586,039.82

2,499,090,068.84

567,666,328.64

1,889,151,154.70

1,743,689,697.18

385,765,390.60

5,196,211,485.26

KOGI

2,526,264,922.10

2,280,094,870.35

592,243,231.75

1,958,043,268.12

1,857,115,537.51

399,419,491.98

5,128,873,131.58

KWARA

2,302,105,802.03

2,288,250,115.95

313,693,593.91

1,503,727,541.85

1,426,830,223.29

290,864,143.10

4,319,638,076.25

LAGOS

3,596,447,289.70

2,999,705,062.64

4,502,435,595.71

2,526,788.491.77

2,337,414,396.30

2,555,055,515.05

12,394,560,569.69

NASS.

2,156,957,353.45

1,513,622,891.96

466,219,369.02

1,203,304,582.08

1,140,825,510.75

225,853,385.01

3,346,521,156.74

NIGER

2,945,944,945.95

2,308,136,651.32

591,864,116.52

2,438,447,521.61

2,318,295,461.36

451,549,757.73

5,669,845,986.94

OGUN

2,462,107,432.60

2,397,543,731.80

588,447,818.68

1,804,403,088.93

1,698,577,707.02

389,490,775.78

5,074,060,033.28

ONDO

3,787,423,388.72

3,593,425,505.72

576,947,116.97

1,665,558,334.50

1,579,048,851.12

357,502,845.96

6,106,924,319.77

OSUN

2,335,179,342.82

2,296,655,743.23

563,940,820.03

2,269,856,541.89

2,125,674,069.59

490,306,378.03

5,476,577,010.87

OYO

2,942,043,965.18

2,752,731,627.51

721,269,120.16

2,902,548,793.72

2,735,460,983.65

628,856,455.24

6,838,318,186.56

PLATEAU

2,470,728,254.03

2,376,437,350.06

560,471,353.22

1,661,457,192.11

1,579,753,791.14

334,694,595.61

4,851,357,090.04

RIVERS

13,130,866,048.25

12,387,202,271.45

905,953,021.83

2,175,599,936.23

2,065,060,040.80

608,829,172.17

15,967,026,506.26

SOKOTO

2,626,584,047.53

2,605,412,761.43

591,533,913.71

2,085,530,703.41

1,974,990,807.98

425,900,346.96

5,597,837,830.07

TARABA

2,487,888,512.34

2,482,227,884.83

507,355,745.32

1,660,119,800.49

1,583,222,481.93

286,836,047.27

4,859,642,159.35

YOBE

2,469,149,617.39

2,453,831,984.51

523,320,983.92

1,609,911,501.63

1,528,208,100.66

307,329,863.60

4,812,690,932.69

ZAMFARA

2,476,656,644.04

2,185,249,128.61

546,826,474.58

1,511,420,044.42

1,444,134,890.68

292,985,714.25

4,469,196,208.12

FCT-ABUJA

0.00

643,198,397.27

614,361,902.81

940,288,751.30

1,554,650,654.11

STATE’S

-TOTAL

774

135,277,543,362.39

126,628,084,478.81

25,599,810,440.75

72,179,398,595.85

67,849,990,655.38

18,059,867,308.53

238,137,752,883.47

39	FGN	181,146,586,129.59	177,596,171,918.13	7,223,946,923.41	0.00	0.00	0.00	184,820,118,841.55
49	Local Government	72,179,398,595.85	72,179,398,595.85	18,059,867,308.53	0.00	0.00	0.00	0.00
	GRAND TOTAL	670,463,616,091.23	670,463,616,091.23	53,749,605,084.90	72,179,398,595.85	72,179,398,595.85	18,059,867,308.53	724,213,221,176.13
41	FCT-ABUJA	3,436,458,434.95	3,214,270,934.95	515,996,208.82	0.00	0.00	0.00	3,730,267,143.76
42	Cost of Collection-NCS	2,632,884,859.85	2,632,884,859.85	0.00	0.00	0.00	0.00	2,632,884,859.85
43	Transfer to Excess Crude	194,369,327,093.52	194,369,327,093.52	0.00	0.00	0.00	0.00	194,369,327,093.52
44	4% Cost Of Collection-FIRS VAT	1,526,690,231.66	1,526,690,231.66	2,149,984,203.40	0.00	0.00	0.00	3,676,674,435.05
45	TOTAL DEDUCTION	0.00	12,422,060,595.04	200,000,000.00	0.00	4,329,407,940.48	0.00	16,951,468,535.51
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	79,894,727,383.42	79,894,727,383.42	0.00	0.00	0.00	0.00	79,894,727,383.42

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

Federation Account: How They Share N724bn in June, 2011

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