FAAC: How They Share N834bn in March 2012

At the meeting of the Federation Account Allocation Committee (FAAC) in March 2012, four different revenue allocations were made to the tiers of government including dollar payment. In the table below for instance, the Economic Confidential magazine provides here the distribution of a total sum of N834billion being the statutory and VAT allocations shared to all tiers of government at the meeting. 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 Rivers receiving N17.4bn, Akwa Ibom N16.9bn, Delta N13.6bn and Bayelsa N9.5bn. The highest recipients from non-oil –producing states are Lagos N13.5bn and Kano N10bn. 

The lowest recipients as revealed in the table below are Gombe N3.7bn, Nasarawa N3.8bn, Ebonyi N3.5bn and Ekiti N3.8bn. The Economic Confidential can also confirm other disbursements in March 2012: Federal Government N189bn, FCT Councils N3.9bn, Nigerian Customs Service (NCS) N2.7bn, and Federal Inland Revenue Service (FIRS) N3.8bn. Please check Facts and Figures of this magazine to see the second allocation from Excess Crude Account.

 

1

S/NO

2

STATES

3 NO OF
L/Gs

4

STATES GROSS
STATUTORY
REVENUE

5

STATES NET
STATUTORY
REVENUE

6

STATES VAT SHARED

7

L/GOVT GROSS
STATUTORY
REVENUE

8

L/GOVT NET
STATUTORY
REVENUE

9

L/GOVT

NET VAT

TOTAL PAID
(5+6+8+9)

S/NO

 

 

 

=N=

=N=

=N=

=N=

=N=

=N=

=N=

 

1

ABIA

17

2,576,458,736.16

2,545,530,712.96

595,584,460.87

1,542,547,566.14

1,542,547,566.14

354,574,365.50

5,038,237,105.46

1

2

A/MAWA

21

2,581,767,045.68

2,091,373,189.05

618,442,732.96

1,985,108,545.64

1,985,108,545.64

422,786,109.75

5,117,710,577.40

2

3

A/IBOM

31

13,893,010,942.79

12,932,682,135.50

765,676,355.25

2,617,958,840.99

2,617,958,840.99

642,651,823.69

16,958,970,155.44

3

4

A/MBRA

21

2,607,784,075.96

2,592,201,911.10

697,547,679.52

1,967,841,782.66

1,967,841,782.66

475,510,061.98

5,733,101,435.25

4

5

BAUCHI

20

3,024,565,320.54

2,537,154,271.42

715,729,156.52

2,275,935,731.95

2,275,935,731.95

476,474,515.26

5,995,642,147.57

5

6

BAYELSA

8

10,384,662,972.21

7,923,489,367.10

594,006,694.89

837,350,712.50

837,350,712.50

225,520,275.32

9,580,367,049.81

6

7

BENUE

23

2,787,928,694.70

2,402,774,096.53

699,582,330.93

2,314,164,630.12

2,314,164,630.12

503,272,922.56

5,919,793,980.14

7

8

BORNO

27

3,076,096,060.20

2,738,685,737.27

682,571,327.43

2,659,610,543.23

2,659,610,543.23

545,853,327.51

6,626,720,935.46

8

9

CROSS RIVER

18

2,729,488,934.50

2,519,545,240.54

601,323,177.76

1,652,763,335.60

1,652,763,335.60

371,393,679.20

5,145,025,433.10

9

10

DELTA

25

11,594,891,984.45

10,131,637,939.15

786,036,998.88

2,184,520,884.72

2,184,520,884.72

576,574,807.89

13,678,770,630.64

10

11

EBONYI

13

2,140,385,001.65

1,520,501,256.32

584,894,673.51

1,177,481,573.41

1,177,481,573.41

290,300,372.34

3,573,177,875.57

11

12

EDO

18

3,336,576,697.72

2,674,667,425.83

717,966,046.85

1,654,233,667.70

1,654,233,667.70

439,053,139.36

5,485,920,279.74

12

13

EKITI

16

2,159,023,651.03

1,633,099,184.59

570,299,914.87

1,345,640,056.01

1,345,640,056.01

323,479,472.51

3,872,518,627.98

13

14

ENUGU

17

2,435,897,034.36

2,336,079,476.31

655,352,056.81

1,594,327,705.00

1,594,327,705.00

391,444,738.63

4,977,203,976.74

14

15

GOMBE

11

2,289,838,970.22

1,703,067,221.38

599,820,936.30

1,163,379,797.19

1,163,379,797.19

273,843,736.90

3,740,111,691.77

15

16

IMO

27

3,096,399,896.19

2,628,517,251.22

663,037,497.85

2,308,469,671.75

2,308,469,671.75

533,128,722.88

6,113,855,976.80

16

17

JIGAWA

27

2,856,522,037.71

2,607,645,043.85

721,647,660.40

2,421,938,398.34

2,421,938,398.34

569,273,388.75

6,320,504,491.35

17

18

KADUNA

23

3,255,610,497.79

2,948,551,283.76

873,990,827.83

2,597,688,942.53

2,597,688,942.53

616,159,501.99

7.036,390,556.11

18

19

KANO

44

4,080,291,432.08

3,626,723,024.09

1,121,983,998.70

4,263,170,335.81

4,263,170,335.81

1,058,905,961.58

10,070,783,320.18

19

20

KATSINA

34

3,103,049,429.70

3,067,428,145.54

810,724,220.36

3,116,833,202.09

3,116,833,202.09

723,344,071.17

7,718,329,639.17

20

21

KEBBI

21

2,595,519,338.26

2,106,626,202.00

655,525,996.14

1,936,095,468.36

1,936,095,468.36

444,000,783.88

5,142,248.450.38

21

22

KOGI

21

2,589,041,144.42

2,294,884,325.24

697,023,559.95

2,006,699,510.95

2,006,699,510.95

467,402,890.11

5,466,010,286.25

22

23

KWARA

16

2,359,311,799.85

2,342,924,640.73

374,514,016.87

1,541,094,301.62

1,541,094,301.62

325,707,438.03

4,584,240,397.26

23

24

LAGOS

20

3,685,816,924.94

3,042,147,437.66

5,032,413,415.80

2,589,577,724.50

2,589,577,724.50

2,912,732,596.58

13,576,871,174.54

24

25

NASS/A

13

2,210,556,496.27

1,858,812,639.61

525,266,258.55

1,233,206,005.04

1,233,206,005.04

254,485,450.26

3,871,770,353.46

25

26

NIGER

25

3,019,149,974.16

2,443,203,701.19

675,708,654.91

2,499,041,532.32

2,499,041,532.32

513,991,536.55

6,131,945,424.97

26

27

OGUN

20

2,532,289,378.41

2,497,871,653.27

677,376,533.02

1,849,241,462.17

1,849,241,462.17

447,220,456.93

5,471,710,105.39

27

28

ONDO

18

3,872,255,047.43

3,121,127,007.14

642,169,259.55

1,706,946,495.89

1,706,946,495.89

398,854,488.32

5,869,107,250.89

28

29

OSUN

30

2,393,207,199.00

2,322,288,423.44

641,236,200.87

2,326,261,164.25

2,326,261,164.25

556,057,489.25

5,845,843,257.81

29

30

OYO

33

3,015,152,056.27

2,921,998,308.80

787,746,818.31

2,974,675,452.64

2,974,675,452.64

695,683,280.54

7,380,103,860.29

30

31

PLATEAU

17

2,532,124,422.27

2,488,090,975.66

641,524,939.48

1,702,743,422.48

1,702,743,422.48

383,082,176.01

5,215,441,533.63

31

32

RIVERS

23

13,934,012,654.58

13,614,472,776.87

951,688,288.39

2,229,662,336.45

2,229,662,336.45

651,708,246.57

17,447,531,646.29

32

33

SOKOTO

23

2,691,853,142.11

2,444,506,155.68

669,645,324.84

2,137,354,935.28

2,137,354,935.28

482,121,420.91

5,733,627,836.71

33

34

TARABA

16

2,549,711,103.08

13,614,472,776.87

567,462,813.43

1,701,372,817.45

1,701,372,817.45

321,180,998.09

5,135,000,693
.16

34

35

YOBE

17

2,530,506,557.42

2,444,506,155.68

607,811,426.79

1,649,916,871.40

1,649,916,871.40

356,935,546.85

5,023,301,492

35

36

ZAMFARA

14

2,538,200,129.34

2,544,984,064.19

668,508,597.29

1,548,977,958.44

1,548,977,958.44

359,311,279.53

4,509,782,177
.75

36

37

FCT-ABJ

6

0.00

0.00

0.00

659,181,505.47

659,181,505.47

980,257,542.27

1,639,439,047
.74

37

38

STATE’S
TOTAL

774

139,049,956,783.44

123,546,915,215.32

28,891,840,850.67

73,973,014,908.09

73,973,014,908.09

20,364,288,595.47

246,747,110,
875.08

38

39

FGN

 

185,652,887,204.56

181,755,421,428.58

8,145,715,438.19

0.00

0.00

0.00

189,901,136,
866.77

39

40

FCT-ABUJA

 

3,516,939,269.13

3,370,970,519.13

581,836,817.01

0.00

0.00

0.00

3,952,807,336
.14

40

41

Less:Cost of
Collection-NCS

2,731,141,205.39

2,731,141,205.39

0.00

0.00

0.00

0.00

2,731,141,205
.39

41

42

Transfer to
Excess Crude Acct

300,417,238,235.79

300,417,238,235.79

0.00

0.00

0.00

0.00

300,417,238,
235.9

42

43

Less: 4%Cost
of Collection
FIRS VAT

1,431,891,009.80

1,431,891,009.80

2,424,320,070.89

0.00

0.00

0.00

3,856,211,
080.69

43

44

5th Inst. Pyt
of o/standing
crude debt

7,617,431,250.00

7,617,431,250.00

0.00

0.00

0.00

0.00

7,617,431,
250.00

44

45

TOTAL
DEDUCTION

0.00

19,546,476,094.10

200,000,000.00

0.00

0.00

0.00

19,775,424,
88.57

45

46

Local Govt.

73,973,014,908.09

73,973,014,908.09

0.00

0.00

0.00

0.00

 

46

49

Transfer from
Excess Domestic
to Sub

60,000,000,000.00

60,000,000,000.00

0.00

0.00

0.00

0.00

60,000,000,
000.00

49

GRAND TOTAL

774,390,499,
866.20

774,390,499,
866.20

60,608,001,
772.23

73,973,014,
908.09

73,973,014,
908.09

20,364,288,
595.47

834,998,501,
638.43

 

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

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