FAAC: The Sharing of N1 Trillion in September 2011

The Economic Confidential magazine provides here the distribution of a total sum of 1.0 trillion being the statutory and VAT allocations shared to all tiers of government as well as special transfer to Excess Crude and Non-Oil Excess Revenue Accounts at the September 2011 meeting of the monthly Federation Account Allocation Committee (FAAC). From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Rivers receiving N21.4bn, Delta 20.1bn, Akwa Ibom N21.8bn and Bayelsa N13.2bn. The highest recipients from non-oil –producing states are Lagos N15.7bn and Kano N13.4bn.

The lowest recipients as revealed in the table below are Gombe N5.5bn, Nasarawa N5.0bn, Ebonyi N4.8bn and Ekiti N5.6bn. The Economic Confidential can also confirm other disbursements in June, 2011: Federal N261.5bn, FCT Councils N5.2billion, Nigerian Customs Service (NCS) N2.5bn, and Federal Inland Revenue Service (FIRS) N6.5bn. Meanwhile the sum of N323bn was transferred to Excess Crude Account while N2.8bn was transferred to Non-Oil Excess Revenue Account.

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

  STATES
NO
OF
LGS
STATE
GROSS STATUTORY
+ MIN REVENUE
GOVERNMENT
NET STATUTORY +
MINERAL REVENUE
NET VAT
SHARED
GROSS STAT. REVENUE
LGS NET
STATUT.
REVENUE
NET VAT TO
L/GOVT
TOTAL PAID
(5+6+8+9)
      =N=
=N=
=N=
=N=
=N=
=N=
=N=
9
ABIA
17
3,656,929,654.75
2,874,893,833.59
557,412,808.21
2,138,563,491.38
2,128,975,514.86
331,706,310.36
5,892,988,467.00
2

A/MAWA

21

3,579,320,902.85

3,487,788,111.78

598,976,420.53

2,752,123,017.35

2,743,211,982.03

406,429,930.17

7,236,406,444.51

3

A/IBOM

31

16,879,496,419.08

16,970,763,778.24

674,458,184.00

3,629,496,643.13

3,629,496,634.13

577,397,954.20

21,852,116,550.51

4

ANAMBRA

21

3,615,390,501.18

3,594,187,407.11

657,124,847.90

2,728,184,650.88

2,782,184,650.88

447,040,330.83

7,426,537,236.72

5

BAUCHI

20

4,193,209,411.35

3,800,697,663.09

665,482,329.61

3,155,321,217.90

3,087,848,278.82

443,603,033.27

7,997,631,304.79

6

BAYELSA

8

13,844,046,395.08

11,372,846,367.92

508,994,781.88

1,160,889,753.11

1,160,889,753.11

183,741,763.63

13,226,472,666.54

7

BENUE

23

3,865,140,144.73

3,479,765,145.10

651,269,731.78

3,208,321,156.27

3,208,321,156.27

469,053,729.76

7,808,409,762.92

8

BORNO

27

4,264,650,811.88

4,255,866,236.65

608,005,576.66

3,687,241,893.82

3,677,618,942.33

533,082,673.00

9,146,573,428.65

9

C/RIVER

18

3,715,535,972.42

3,526,065,326.88

564,801,708.60

2,291,364,886.88

2,291,364,886.88

348,521,996.49

6,730,753,918.85

10

DELTA

25

15,837,848,413.95

15,800,700,940.40

739,867,899.64

3,028,585,122.93

3,028,585,122.93

539,476,627.45

20,108,630,590.42

11

EBONYI

13

2,967,395,834.33

2,384,266,931.83

530,514,624.58

1,632,441,786.52

1,632,441,786.52

261,563,217.88

4,808,786,560.81

12

EDO

18

4,453,180,639.14

3,893,664,403.61

642,791,283.32

2,293,403,331.99

2,284,067,779.97

392,928,198.86

7,213,379,665.76

13

EKITI

16

2,993,236,162.35

2,915,929,292.54

533,128,042.71

1,865,574,040.95

1,865,574,040.95

302,116,060.85

5,616,747,437.05

14

ENUGU

17

3,377,089,031.67

3,351,983,737.96

602,229,150.32

2,210,350,655.01

2,210,350,655.01

359,522,195.38

6,524,085,738.67

15

GOMBE

11

3,174,596,447.04

3,156,793,708.60

526,458,029.98

1,612,891,307.53

1,603,124,054.74

236,424,802.62

5,522,800,595.94

16

IMO

27

4,255,744,901.09

3,833,581,875.40

630,134,242.37

3,200,425,756.28

3,123,949,818.41

504,607,051.63

8,092,272,987.80

17

JIGAWA

27

3,960,236,868.07

3,858,431,759.41

654,259,490.83

3,357,736,999.99

3,357,736,999.99

521,388,623.20

8,391,816,873.43

18

KADUNA

23

4,513,526,782.29

4,215,818,590.87

795,647,944.00

3,601,394,768.23

3,601,394,768.23

563,367,958.24

9,176,229,261.34

19

KANO

44

5,656,851,355.75

5,589,110,288.32

1,017,389,658.55

5,910,391,768.67

5,910,391,768.67

972,737,715.54

13,489,629,431.09

20

KATSINA

34

4,302,018,536.07

4,261,050,208.08

740,545,951.91

4,321,128,139.60

4,312,014,905.42

667,677,377.28

9,981,288,442.68

21

KEBBI

21

3,598,386,863.28

3,473,015,892.30

598,356,106.64

2,684,172,064.02

2,684,172,064.02

406,787,857.59

7,162,331,920.54

22

KOGI

21

3,589,405,598.03

3,573,063,671.28

610,811,409.02

2,782,056,389.38

2,782,056,389.38

413,761,885.52

7,379,693,355.20

23

KWARA

16

3,270,912,476.67

3,257,056,790.59

330,849,390.00

2,186,548,708.49

2,136,548,708.49

300,783,475.56

6,025,238,364.64

24

LAGOS

20

5,109,958,152.74

4,513,215,925.68

4,966,313,148.54

3,590,149,504.14

3,513,442,190.50

2,760,354,430.03

15,753,325,694.75

25

NASS/WA

13

3,064,680,482.03

2,576,151,034.72

492,555,862.72

1,709,697,255.13

1,709,697,255.13

283,473,371.25

5,016,877,523.82

26

NIGER

25

4,185,701,660.98

3,663,483,953.35

653,300,169.00

3,464,631,562.59

3,464,631,562.59

492,258,820.76

8,273,674,505.69

27

OGUN

20

3,498,248,392.01

3,484,028,441.21

626,762,834.86

2,563,759,046.75

2,563,759,046.75

414,196,102.11

7,088,746,424.93

28

ONDO

18

5,381,449,560.60

5,257,004,802.60

626,735,169.32

2,366,483,561.33

2,366,483,561.33

386,641,721.19

8,636,865,254.44

29

OSUN

30

3,317,904,520.70

3,279,380,921.11

595,785,626.67

3,225,091,599.43

3,225,091,599.43

518,591,453.53

7,618,849,600.74

30

OYO

33

4,180,159,011.00

3,981,565,423.33

733,734,358.92

4,124,042,889.41

4,124,042,889.41

649,746,753.81

9,489,089,425.47

31

PLATEAU

17

3,510,497,156.75

3,406,206,252.78

605,593,574.70

2,360,656,514.72

2,360,656,514.72

360,536,969.90

6,732,993,312.10

32

RIVERS

23

17,371,856,999.80

16,523,005,723.01

1,106,320,166.51

3,091,168,515.97

3,091,168,515.97

719,081,040.52

21,439,575,446.02

33

SOKOTO

23

3,731,942,521.72

3,675,146,235.62

610,685,429.50

2,963,194,998.35

2,963,194,998.35

442,513,391.49

7,691,540,054.97

34

TARABA

16

3,534,879,052.22

3,529,218,424.71

526,663,303.94

2,358,756,301.90

2,358,756,301.90

297,885,618.71

6,712,523,649.27

35

YOBE

17

3,508,254,174.58

3,492,936,541.70

530,118,538.25

2,287,418,594.04

2,287,418,594.04

312,289,409.30

6,622,762,083.29

36

Z/FARA

14

3,518,920,420.72

3,357,741,030.29

577,830,435.53

2,147,478,485.32

2,147,478,485.32

309,523,466.58

6,392,573,417.72

37
FCT
ABUJA
6
0.00
0.00
0.00
913,878,789.04
913,878,789.04
1,068,872,043.54
1,982,750,832.58
38
Escrow A/C
(Rivers & Akwa-Ibom)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
39
STATE’S
TOTAL
774

187,478,602,228.91

177,666,426,671.65

27,163,836,231.47

102,555,015,159.45

102,278,020,966.55

19,154,685,362.03

326,262,969,231.71

40
FGN
257,348,707,182.67
253,921,478,024.39
7,661,874,144.81
0.00
0.00
0.00
261,583,352,169.20
41
FCT-ABUJA
4,913,341,293.04
4,685,528,793.04
547,276,724.63
0.00
0.00
0.00
5,232,805,517.67
42
Cost of
Collection-NCS
2,523,361,784.17
2,523,361,784.17
0.00
0.00
0.00
0.00
2,523,361,784.17
43
Transfer to Excess Crude
323,209,035,682.05
323,209,035,682.05
0.00
0.00
0.00
0.00
323,209,035,682.05
44
4% Cost of
Collection-
FIRS VAT
4,281,972,351.77
4,281,972,351.77
2,280,319,685.96
0.00
0.00
0.00
6,562,292,037.73
45
TOTAL DEDUCTION
0.00
13,467,217,215.54
200,000,000.00
0.00
276,994,192.90
0.00
13,944,211,408.43
46

Transfer to Oil
Excess Revenue
2,886,999,276.77

2,886,999,276.77

0.00

0.00

0.00

0.00

2,886,999,276.77

47

Transfer from
Excess Domestic
to Subsidy
84,494,960,702.88

84,494,960,702.88

0.00

0.00

0.00

0.00

84,494,960,702.88

48

Cost of NACOFED
0.00

0.00

0.00

0.00

0.00

0.00

0.00

49

Local Govt.
102,556,015,159.45

102,556,015,159.45

19,154,685,362.03

0.00

0.00

0.00

0.00

  GRAND TOTAL
969,691,995,661.70
969,691,995,661.70
57,007,922,148.90
102,555,015,159.45
102,555,015,159.45
19,154,685,362.03
1,026,699,987
,810.60

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

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