Federation Account: How they share N627bn in May 2011

coaFederation Account: How they share N627bn in May 2011
 
The Economic Confidential magazine provides here the distribution of a total sum of N627.3 billion being the statutory and VAT allocations shared to all tiers of government at the May 2011 meeting of the 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 N11.7bn, Delta N11.1bn, Akwa Ibom N9.6bn and Bayelsa N6.4bn. The highest recipients from non-oil –producing states are Lagos N10.3bn and Kano N7.8bn.

The lowest recipients as revealed in the table below are Gombe N3.1bn, Nasarawa N2.7bn, Ebonyi N2.5bn and Ekiti N3.2bn. The Economic Confidential can also confirm other disbursements in May 2011: Federal N147.3bn, FCT Councils N2.9billion, Nigerian Customs Service (NCS) N2.1bn, and Federal Inland Revenue Service (FIRS) N3.9bn. This table is provided by the Economic Confidential (www.economiconfidential.net)

 

 

    STATE

GOVERNMENT

    LOCAL GOVERNMENTS
   
 

2
STATES

3
NO OF L/GOVTS

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

2,119,671,769.53

2,094,778,805.50

435,291,516.11

1,204,237,782.30

1,077,790,033.68

259,226,831.74

3,867,087,187.03

2

ADAMAWA

21

2,015,536,823.46

1,790,644,657.39

453,795,770.73

1,549,736,789.38

1,420,168,340.02

310,139,569.78

3,974,748,337.93

3

AKWA IBOM

31

6,540,677,244.07

6,840,350,853.22

482,033,504.46

2,043,791,075.25

1,887,233,277.66

426,780,425.21

9,636,398,060.55

4

ANAMBRA

21

2,035,847,828.15

1,958,394,734.08

505,897,518.89

1,536,256,953.29

1,435,329,222.68

345,543,421.03

4,245,164,896.68

5

BAUCHI

20

2,361,221,082.56

2,110,460,636.63

525,418,541.30

1,776,780,086.82

1,595,124,258.78

349,691,847.52

4,580,695,284.23

6

BAYELSA

8

7,583,077,849.45

5,242,190,322.29

407,800,844.72

658,703,903.31

615,225,224.03

150,358,477.64

6,415,604,888.68

7

BENUE

23

2,176,483,333.29

2,000,875,770.87

491,978,060.42

1,806,642,666.38

1,696,084,770.95

357,181,290.22

4,546,119,892.46

8

BORNO

27

2,401,450,158.80

2,392,665,583.57

495,587,111.82

2,076,307,773.38

1,875,625,232.96

397,298,711.47

5,161,176,693.82

9

CROSS RIVER

18

2,179,071,617.43

2,183,848,525.07

439,439,744.94

1,290,281,154.12

1,203,771,670.74

271,514,742.83

4,098,574,683.59

10

DELTA

25

8,579,396,681.39

8,557,155,457.84

578,216,467.21

1,705,414,240.28

1,556,912,278.86

424,232,343.62

11,116,516,547.54

11

EBONYI

13

1,670,958,189.06

1,087,892,286.56

420,402,512.59

919,237,649.32

856,758.577.99

208,389,772.01

2,573,380,149.14

12

EDO

18

2,593,784,881.23

2,501,892,020.71

469,728,034.10

1,291,429,014.65

1,133,367,498.87

290,535,396.31

4,395,522,949.98

13

EKITI

16

1,685,509,030.98

1,664,452,161.17

407,112,406.01

1,050,515,804.11

965,336,176.74

231,046,697.93

3,267,947,441.84

14

ENUGU

17

1,901,658,857.69

1,876,553,563.98

470,801,200.77

1,244,661,559.79

1,162,958,158.82

281,749,415.89

3,792,062,339.47

15

GOMBE

11

1,787,634,082.64

1,709,268,844.20

410,345,285.61

908,228,658.68

817,691,076.25

184,565,299.39

3,121,870,505.44

16

IMO

27

2,309,156,716.92

1,666,099,941.22

487,781,963.65

1,802,178,719.82

1,545,436,824.96

391,608,529.78

4,090,927,259.61

17

JIGAWA

27

2,230,032,862.06

2,210,165,253.40

534,290,852.24

1,890,761,613.91

1,752,924,205.80

420,263,381.70

4,917,643,693.15

18

KADUNA

23

2,541,593,693.41

2,243,885,501.99

594,989,792.60

2,027,966,747.94

1,908,890,897.69

426,234,893.27

5,174,001,085.55

19

KANO

44

3,185,406,539.91

3,117,665,472.48

822,509,158.17

3,328,176,649.76

3,116,709,023.72

776,271,097.89

7,833,154,752.25

20

KATSINA

34

2,422,492,145.86

2,251,305,067.87

595,107,418.76

2,433,252,876.91

2,149,151,638.62

530,517,811.89

5,526,081,937.14

21

KEBBI

21

2,026,272,978.83

1,992,777,007.85

454,444,944.98

1,511,473,204.66

1,337,779,191.23

310,928,117.22

4,095,929,261.28

22

KOGI

21

2,021,215,575.11

1,775,045,523.36

469,387,954.60

1,566,592,448.66

1,465,664,718.05

319,576,180.59

4,029,674,376.60

23

KWARA

16

1,841,870,210.02

1,828,014,523.94

221,270,786.60

1,203,103,246.11

1,126,205,927.55

238,935,278.47

3,414,426,516.55

24

LAGOS

20

2,877,447,734.57

2,280,705,507.51

3,933,151,773.23

2,021,634,473.06

1,815,963,846.19

2,293,529,622.11

10,323,350,749.05

25

NASSARAWA

13

1,725,739,751.01

1,287,908,626.76

382,596,286.87

962,740,661.77

900,261,590.44

185,253,417.56

2,756,019,921.63

26

NIGER

25

2,356,993,423.81

2,130,366,303.18

490,379,236.01

1,950,954,575.93

1,830,802,515.68

373,914,765.82

4,825,462,820.69

27

OGUN

20

1,969,884,411.90

1,905,320,711.10

489,758,048.43

1,443,667,920.67

1,329,453,476.09

324,116,456.27

4,048,645,691.89

28

ONDO

18

2,943,316,061.82

2,749,318,178.82

465,259,595.03

1,332,580,925.11

1,219,113,138.10

289,357,268.26

4,723,048,180.21

29

OSUN

30

1,868,331,708.64

1,829,808,109.05

458,080,638.18

1,816,068,202.35

1,671,885,730.05

400,697,155.11

4,360,471,632.40

30

OYO

33

2,353,872,324.74

2,164,559,987.07

599,437,038.43

2,322,273,003.95

2,129,517,133.25

522,124,343.04

5,415,638,501.80

31

PLATEAU

17

1,976,781,763.95

1,882,490,859.98

457,448,846.09

1,392,299,680.61

1,247,596,279.64

273,764,056.49

3,861,300,042.20

32

RIVERS

23

9,457,260,108.83

8,713,596,332.04

857,413,995.57

1,740,655,319.98

1,630,115,424.55

568,620,703.71

11,769,746,455.87

33

SOKOTO

23

2,101,478,962.00

2,080,307,675.90

481,334.888.46

1,668,592,673.41

1,558,052,777.98

348,058,033.38

4,467,753,375.71

34

TARABA

16

1,990,511,353.86

1,984,850,726.35

412,951,542.24

1,328,229,659.51

1,241,550,413.22

233,831,603.59

3,873,184,285.40

35

YOBE

17

1,975,518,727.39

1,960,201,094.51

433,033,005.62

1,288,058,973.22

1,206,355,572.25

254,880,900.50

3,854,470,572.89

36

ZAMFARA

14

1,981,524,953.84

1,690,117,438.41

447,694,494.88

1,209,257,868.25

1,117,008,489.20

239,890,729.01

3,494,711,151.49

37

FCT-ABUJA

6

0.00

0.00

0.00

514,610,564.82

485,774,070.36

686,893,957.98

1,172,668,028.35

38

Escrow A/C (Rivers & Akwa-Ibom)

  2,725,077,315.89

2,725,077,315.89

0.00

0.00

0.00

0.00

2,725,077,315.89

39

STATE’S-TOTAL

774

104,513,722,754.13

96,480,948,381.80

21,082,170,780.32

57,749,337,121.46

53,085,618,703.64

14,897,519,546.23

185,546,257,411.98

40

FGN

144,945,344,527.82

141,394,930,316.36

5,959,007,818.49

0.00

0.00

0.00

147,353,938,134.85

41

FCT-ABUJA

2,735,970,013.86

2,513,782,513.86

425,643,415.61

0.00

0.00

0.00

2,939,425,929.47

42

Cost of Collection-NCS

2,174,611,819.95

2,174,611,819.95

0.00

0.00

0.00

0.00

2,174,611,819.95

43

Transfer to Excess Crude

216,198,222,053.45

216,198,222,053.45

0.00

0.00

0.00

0.00

216,198,222,053.45

44

4% Cost of Collection-FIRS VAT

2,220,870,818.38

2,220,870,818.38

1,773,514,231.69

0.00

0.00

0.00

3,994,385,050.07

45

TOTAL DEDUCTION

0.00

11,805,376,083.80

200,000,000.00

0.00

4,663,718,417.82

0.00

16,669,094,501.62

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

52,435,315,095.69

52,435,315,095.69

0.00

0.00

0.00

0.00

52,435,315,095.69

48

Cost of NACOFED

0.00

0.00

0.00

0.00

0.00

0.00

0.00

49

Local Government

57,789,337,121.46

57,749,337,121.46

0.00

0.00

0.00

0.00

0.00

 

GRAND TOTAL

582,973,394,204.74

582,973,394,204.74

44,337,855,792.34

57,749,337,121.46

57,749,337,121.46

14,897,519,546.23

627,311,249,997.08

This table is exclusively provided by the Economic Confidential magazine. www.economicconfidential.com

  

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