FAAC: How They Shared N502bn in December 2010

The Economic Confidential magazine provides here the distribution of a total sum of N502 billion being the Statutory and VAT allocations shared to all tiers of government in December 2010 at the traditional monthly meeting of the Federation Account Allocation Committee (FAAC). From the table of net disbursements, the highest recipients are from the oil producing states with Akwa Ibom receiving N14.8bn, Rivers N14.1bn, Bayelsa N12.3b, and Delta N10.6bn. The highest recipients from non-oil –producing states are Lagos N11.0bn and Kano N9.1bn.

The lowest recipients as revealed in the table below are Gombe N3.6bn, Nasarawa N3.6bn, Ebonyi N3.0bn and Ekiti N3.8bn. The Economic Confidential can also confirm other disbursements in November 2010: Federal N172bn, FCT Councils N1.0bn, Nigerian Customs Service (NCS) N2.0bn, and Federal Inland Revenue Service (FIRS) N4.5bn.

 

Beneficiary

 

State Governments

Local Governments

Total Paid

                   

1

S/
NO

2

STATES

3

NO OF L/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

2,464,780,338.78

2,416,745,508.32

437,448,747.76

1,409,657,291..50

1,409,657,291..50

260,930,606.60

4,524,782,154.19

2

ADAMAWA

21

2,359,348,146.40

2,349,736,352.17

462,358,872.45

1,814,091,699.48

1,814,091,699.48

316,231,380.38

4,942,418,304.47

3

AKWA IBOM

31

10,308,527,394.62

11,090,556,300.39

749,521,156.85

2,392,422,023.20

2,392,422,023.20

591,484,527.24

14,823,984,007.67

4

ANAMBRA

21

2,383,123,812.86

2,363,512,182.78

519,796,245.53

1,798,312,465.91

1,798,312,465.91

355,182,760.22

5,036,803,654.44

5

BAUCHI

20

2,763,999,406.76

2,590,628,184.87

520,918,993.17

2,079,864,161.05

2,079,864,161.05

347,942,226.59

5,539,353,565.69

6

BAYELSA

8

12,988,578,751.83

11,034,858,570.49

398,782,205.02

765,213,056.20

765,213,056.20

145,567,405.98

12,344,521,237.68

7

BENUE

23

2,547,748,995.84

2,161,358,887.68

511,836,068.66

2,114,799,644.55

2,114,799,644.55

369,870,538.61

5,157,865,139.50

8

BORNO

27

2,811,090,779.82

2,791,212,625.04

499,621,198.85

2,430,485,436.66

2,430,485,436.66

400,963,614.64

6,122,282,875.18

9

CROSS RIVER

18

2,524,779,549.74

2,424,779,549.74

440,979,088.98

1,510,377,986.58

1,510,377,986.58

272,999,591.87

4,649,136,217.17

10

DELTA

25

8,415,657,266.71

7,690,864,302.84

579,820,616.47

1,996,324,691.47

1,996,324,691.47

430,326,546.40

10,697,336,155.88

11

EBONYI

13

1,955,991,108.75

1,378,012,291.98

423,133,522.22

1,076,041,687.14

1,076,041,687.14

210,850,456.26

3,088,037,957.60

12

EDO

18

2,596,378,843.57

2,324,416,756.59

490,505,165.17

1,511,721,649.76

1,511,721,649.76

308,164,783.64

4,640,808,355.06

13

EKITI

16

1,973,024,040.88

1,938,902,824.12

430,563,770.75

1,229,713,338.07

1,229,713,338.07

245,302,663.19

3,844,482,596.13

14

ENUGU

17

2,226,044,817.81

2,206,627,617.32

463,400,463.46

1,456,976,578.05

1,456,976,578.05

278,396,637.81

4,405,401,296.64

15

GOMBE

11

2,092,569,637.14

1,991,328,406.51

426,015,109.24

1,063,154,777.13

1,063,154,777.13

194,443,660.46

3,676,841,953.33

16

IMO

27

2,788,834,471.02

2,380,535,416.01

437,978,287.71

2,109,595,306.12

2,109,595,306.12

299,132,901.44

5,387,241,921.28

17

JIGAWA

27

2,510,433,031.17

2,570,046,149.92

523,767,814.66

2,213,288,716.50

2,213,288,716.50

416,463,367.54

5,723,566,036.61

18

KADUNA

23

2,975,140,071.68

2,657,275,420.44

510,776,100.71

2,373,898,373.88

2,373,898,373.88

437,352,569.56

5,075,302,464.59

19

KANO

44

3,728,774,849.44

3,640,079,988.70

310,378,676.52

3,895,898,758.11

3,895,898,758.11

775,687,155.02

9,122,044,579.35

20

KATSINA

34

2,835,722,120.01

2,775,006,706.90

569,997,928.85

2,848,316,422.18

2,848,316,422.18

518,137,606.15

8,712,480,662.18

21

KEBBI

21

2,371,915,680.74

2,314,508,480.63

476,295,360.91

1,759,301,092.51

1,759,301,092.51

325,011,053.78

4,885,117,007.83

22

KOGI

21

2,365,995,582.47

2,278,597,853.60

484,490,430.72

1,833,822,605.90

1,833,822,605.90

330,167,572.35

4,327,073,482.58

23

KWARA

16

2,156,057,391.42

2,130,844,117.29

223,029,308.66

1,408,329,225.54

1,408,329,225.54

244,315,489.65

4,013,518,141.42

24

LAGOS

20

3,368,284,270.41

2,726,219,540.28

3,869,885,845.72

2,365,485,936.24

2,365,485,936.24

2,287,455,524.20

11,050,047,846.44

25

NASSARAWA

13

2,020,117,338.12

1,958,911,924.41

389,358,385.37

1,126,966,466.15

1,126,966,466.15

189,039,928.75

3,664,275,634.89

26

NIGER

25

2,759,050,591.78

2,137,487,546.82

493,198,088.55

2,283,749,425.38

2,283,749,425.38

376,866,754.04

5,291,301,314.79

27

OGUN

20

2,305,903,322.65

2,284,413,011.16

496,524,801.21

1,689,329,547.79

1,689,329,547.79

329,533,129.63

4,300,400,489.79

28

ONDO

18

3,339,874,548.88

3,244,564,303.70

479,865,879.43

1,559,893,274.57

1,559,893,274.57

298,856,599.77

5,583,180,057.47

29

OSUN

30

2,187,032,705.29

2,127,487,317.87

488,874,514.63

2,125,854,063.82

2,125,854,063.82

420,726,548.72

5,162,942,445.04

30

OYO

33

2,755,397,034.00

2,522,701,933.78

310,127,918.73

2,718,407,544.68

2,718,407,544.68

532,169,595.27

8,383,406,992.41

31

PLATEAU

17

2,313,982,228.61

2,187,479,468.82

468,305,476.27

1,556,052,313.68

1,556,052,313.68

281,107,379.33

4,502,928,303.13

32

RIVERS

23

10,850,068,833.24

10,713,230,779.83

787,363,513.84

2,037,577,212.63

2,037,577,212.63

367,237,712.65

14,080,768,885.63

33

SOKOTO

23

2,459,950,339.78

2,432,505,640.48

510,786,567.67

1,953,222,082.21

1,953,222,082.21

238,860,332.75

6,263,762,003.00

34

TARABA

16

2,330,053,819.13

2,318,655,061.15

420,536,248.84

1,554,799,767.82

1,554,799,767.82

250,182,856.68

4,532,851,410.56

35

YOBE

17

2,312,503,742.62

2,165,349,887.90

423,025,098.87

1,507,776,744.51

1,507,776,744.51

244,066,554.42

4,346,314,588.36

36

ZAMFARA

14

2,319,534,514.30

2,232,799,762.35

454,833,986.57

1,415,533,706.33

1,415,533,706.33

487,050,982.06

4,407,234,010.13

37

FCT-ABUJA

6

0.00

0.00

0.00

602,393,103.46

602,393,103.46

15,020,251,025.92

1,089,444,065.52

38

STATE’S-TOTAL

774

124,166,274,439.26

116,623,241,673.48

21,257,501,467.02

57,600,249,177.74

57,600,249,177.74

0.00

220,501,243,345.16

39

FGN

 

163,655,408,192.08

166,278,437,981.49

6,008,100,410.77

0.00

0.00

0.00

172,286,538,392.25

40

FCT-ABUJA

3,217,452,035.25

2,872,705,785.25

429,150,029.34

0.00

 

0.00

3,301,855,814.69

41

Cost of Collection-NCS

2,001,971,877.26

2,001,971,877.26

0.00

0.00

0.00

0.00

2,001,971,877.26

42

Transfer to Excess Crude

143,042,750,085.58

143,042,750,085.58

0.00

0.00

0.00

0.00

143,042,750,086.59

43

4% Cost of Collection-FIRS VAT

2,780,634,278.40

2,780,634,278.40

1,788,125,122.25

0.00

0.00

0.00

4,568,759,400.66

44

TOTAL DEDUCTION

0.00

11,264,759,226.38

200,000,000.00

0.00

0.00

0.00

11,464,759,226.38

45

Transfer to Oil Excess Revenue

8,421,130,079.89

8,421,130,079.89

0.00

0.00

0.00

0.00

8,421,130,078,89

46

Transfer from Excess Domestic to Sub

27,623,285,191.34

27,623,285,191.34

0.00

0.00

0.00

0.00

27,623,285,191.34

47

Transfer to Non Oil Excess Revenue

9,330,720,113.25

9,330,720,113.25

0.00

0.00

0.00

0.00

9,330,720,113.26

48

Local Government

67,600,243,177.74

67,600,243,177.74

15,020,251,026.92

0.00

0.00

0.00

                       0.00

 

GRAND TOTAL

557,839,885,470.08

557,839,885,470.08

44,703,128,056.30

67,600,249,177.74

67,600,249,177.74

15,020,251,026.92

502,543,013,526.38

 

 

 

 

 

 

 

 

 

Source: Economic Confidential

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