FAAC: How They Share N770 Billion in March Before the Election

The Economic Confidential magazine provides here the distribution of a total sum of N770 billion being the statutory and VAT allocations shared to all tiers of government at the monthly meeting of the Federation Account Allocation Committee which was held in Katsina state in March 2011.

From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Rivers receiving N15.6bn, Akwa Ibom N15.8bn, Delta N11.9bn and Bayelsa N9.4bn. The highest recipients from non-oil –producing states are Lagos N11.6bn and Kano N8.6bn.

The lowest recipients as revealed in the table below are Gombe N2.9bn, Nasarawa N3.4bn, Ebonyi N3bn and Ekiti N3.7bn. The Economic Confidential can also confirm other disbursements in March, 2011: Federal N168bn, FCT Councils N3.3billion, Nigerian Customs Service (NCS) N1.9bn, and Federal Inland Revenue Service (FIRS) N3.3bn. Please check Facts and Figures of this magazine to see the second allocation from Excess Crude Account.

This table is provided by the Economic Confidential (www.economiconfidential) Other tables in other pages of the magazine.

 

 

    STATE

GOVERNMENT

    LOCAL GOVERNMENTS

   
7

2

STATES

3

NO OFL/GOV

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

2,458,566,304.36

2,412,368,392.71

476,389,527.31

1,371,502,368.30

1,215,527,359.97

283,740,511.80

4,424,025,728.79

2

ADAMAWA

21

2,295,488,123.20

2,050,706,614.23

503,821,297.96

1,764,990,027.82

1,693,232,072.82

343,641,100.86

4,591,401,085.87

3

AKWA IBOM

31

12,885,240,257.32

12,764,510,777.19

529,520,457.47

2,327,666,795.73

2,109,877,065.86

470,341,318.68

15,874,249,619.19

4

ANAMBRA

21

2,318,620,258.27

2,236,370,414.81

548,621,272.97

1,749637,887.73

1,733,554,094.77

375,892,874.44

4,894,438,656.98

5

BAUCHI

20

2,689,186,765.61

2,492,754,386.11

579,739,194.49

2,023,568,877.21

1,884,628,996.95

385,511,852.89

5,342,634,430.45

6

BAYELSA

8

10,072,572,752.29

8,123,519,319.97

444,899674.67

744,501,181.35

744,501,181.35

161,360,682.49

9,474,280,858.49

7

BENUE

23

2,478,789,563.03

1,920,896,650.06

560,035,736.98

2,057,558,768.69

2,016,767,599.94

403,501,268.93

4,901,201,255.91

8

BORNO

27

2,735,003,525.52

2,715,283,991.11

563,934,148.12

2,364,699,954.09

2,215,008,886.74

442,404,772.62

5,926,631,784.58

9

CROSS RIVER

18

2,564,170,135.51

2,458,041,066.70

492,959,573.70

1,469,496,875.67

1,416,276,693.65

303,519,047.00

4,670,796381.05

10

DELTA

25

9,042,443,854.32

8,738,172,437.75

771,775,080.80

1,942,290,554.12

1,873,667,265.78

533,983,402.69

11,917,608,487.00

11

EBONYI

13

1,903,048,673.03

1,316,215,255.28

460,968,,960.17

1,046,916,673.44

1,046,916,673.44

227,215,649.71

3,051,316,538.59

12

EDO

18

2,830,214,776.37

2,644,230,341.96

553,008,594.00

1,470,804,170.17

1,381,987,624.66

337,675,895.26

4,916,902,455.89

13

EKITI

16

1,919,620,578.06

1,895,157,663.24

462,786,448.22

1,196,428,923.30

1,142,578,204.02

262,027,397.61

3,762,549,713.09

14

ENUGU

17

2,165,792,890.21

2,130,030,296.81

514,994,244.57

1,417,540,872.81

1,273,519,091.11

307,563,544.79

4,226,107,177.28

15

GOMBE

11

2,768,356,682.83

1,355,305,018.09

470,333,529.27

1,034,378,570.94

951,425,132.69

212,339,704.57

2,989,403,384.62

16

IMO

27

2,539,776,,941.61

2,136,408,790.03

539,575,747.10

2,052,495,295.09

1,822,418,189.38

433,025,547.81

4,931,428,274.31

17

JIGAWA

27

2,539,776,941.61

2,510,865,348.92

598,665,484.92

2,153,382,055.84

2,061,406,645.95

467,426,628.24

5,638,364,108.03

18

KADUNA

23

2,894,612,526.70

2,596,160,584.01

677,004,059.52

2,309,644,522.47

2,276,040,860.62

480,658,883.43

6,029,864,387.58

19

KANO

44

3,627,848,816.65

3,114,742,762.57

878,481,673.84

3,790,449,215.56

3,790,449,215.56

838,817,266.80

8,622,490,918.77

20

KATSINA

34

2,758,968,173.95

2,079,546,469.87

628,482,143.37

2,771,223,534.43

2,506,052,937.24

570,356,600.24

5,784,438,150.72

21

KEBBI

21

2,307,715,494.51

2,263,049.453.41

604,730,200.07

1,721,411,759.61

1,561,716,673.74

344,735,601.62

4,674,231,928.83

22

KOGI

21

2,301,955.634.39

2,047,555,885.25

521,639,115.21

1,784,186,881.59

1,784,186,881.59

353,887,677.74

4,707,269,559.80

23

KWARA

16

2,097,699,800.05

2,083,844,113.97

265,885,709.01

1,370,210,248.84

1,365,061,561.28

263,524,892.73

3,978,316,276.99

24

LAGOS

20

3,277,115,566.90

2,680,373,339.84

4,375,603,793.56

2,302,432,715.86

2,150,329,935.98

2,399,689,044.87

11,605,996,114.25

25

NASSARAWA

13

1,965,439,210.07

1,646,380,160.52

450,301,101.72

1,096,462,108.30

1,096,462,108.30

218,929,698.41

3,412,073.068.94

26

NIGER

25

2,684,371,899.25

2,325,340,734.18

540,847,463.34

2,221,935,618.25

2,221,935,618.25

412,483,280.01

5,500,607,095.78

27

OGUN

20

2,243,494,744.90

2,165,665,259.22

543,559,000.83

1,644,188,549.25

1,597,790,243.15

358,588,598.64

4,665,603,101.84

28

ONDO

18

3,374,690,109.20

3,214,623,157.67

521,931,176.58

1,517,671,942.87

1,457,535,568.40

323,426,693.85

5,517,561,596.50

29

OSUN

30

2,127,836,712.02

2,081,944,584.11

517,573,596.76

2,068,313,980.12

1,990,047,633.69

449,077,121.56

5,038,642,936.11

30

OYO

33

2,680,817,290.00

2,476,885,802.68

671,574,161.12

2,644,828,929.61

2,471,262,211.67

580,344,758.37

6,200,066,933.85

31

PLATEAU

17

2,251,350,116.00

2,140,287,099.16

499,801,125.35

1,513,934,944.52

1,513,934,944.52

298,963,285.84

4,452,986,454.87

32

RIVERS

23

12,629,498,775.97

12,331,174,163.10

776,792,209.84

1,982,426,501.51

1,982,426,501.51

524,833,198.96

15,615,226,073.41

33

SOKOTO

23

2,393,367,336.32

2,370,325,497.41

544,772,721.64

1,900,354,595.20

1,882,211,325.86

390,955,451.92

5,188,264,996.82

34

TARABA

16

2,266,986,699.87

2,248,865,215.40

445,886,766.22

1,512,716,301.08

1,470,949,401.19

252,495,808.13

4,418,197,190.93

35

YOBE

17

2,249,911,649.90

2,226,470,438.27

463,580,949.04

1,466,966,041.30

1,456,546,155.11

272,558,873.25

4,419,156,415.68

36

ZAMFARA

14

2,256,752,119.04

1,958,689,601.78

504,838,612.83

1,377,219,727.33

1,310,391,935.72

270,290,974.37

4,044,211,124.70

37

FCT-ABUJA

6

  0.00

0.00

586,088,245.01

586,088,245.01

960,895,325.68

1,546,983,570.69

38

STATE’S-TOTAL

774

124,093,255211.86

113,952,770,024.39

23,395,314,552.56

65,770,526,215.01

63,090,722,737.43

16,516,720,186.79

216,955,527,501.17

39

FGN

  165,068,405,321.73

161,517,991,110.27

6,606,688,074.72

0.00

0.00

0.00

168,124,679184.99

40

FCT-ABUJA

3,125,348,125.20

2,903,160,826.20

471,906,291.05

0.00

0.00

0.00

3,375,066,916.25

41

Cost of Collection-NCS

1,942,025,770.51

1,942,025,770.51

0.00

0.00

0.00

0.00

1,942,025,770.51

42

Transfer to Excess Crude

325,271,396,682.26

325,271,396,682.26

0.00

0.00

0.00

0.00

325,271,396,682.26

43

4% Cost of Collection-FIRS VAT

1,413,521,738.42

1,413,521,738.42

1,966,276,212.71

0.00

0.00

0.00

3,379,797,951.13

44

TOTAL DEDUCTION

0.00

13,913,086,898.93

200,000,000.00

0.00

2,679,803,477.58

0.00

16,792,890,376.51

45

Transfer to Oil Excess Revenue

0.00

0.00

0.00

0.00

0.00

0.00

0.00

46

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

47

Transfer to Non Oil Excess Revenue

0.00

0.00

0.00

0.00

0.00

0.00

0.00

48

Local Government

65,770,526,215.01

65,770,526,215.01

16,516,720,186.79

0.00

0.00

0.00

0.00

 

GRAND TOTAL

721,684,479,064.99

721,684,479,064.99

49,156,905,317.83

65,770,526,215.01

65,770,526,215.01

16,516,720,186.79

770,841,384,382.82

Table exclusively provided by the Economic Confidential


 

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