Federation Account: How They Share N647 bn in June 2012


The Economic Confidential magazine provides here the distribution of a total sum of N647 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in June, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom N20.9bn, Rivers receiving N17.6bn Delta N15.4bn and Bayelsa N10.5bn. The highest recipients from non-oil –producing states are Lagos N14.4bn and Kano N11.6bn.

The lowest recipients as revealed in the table below are Gombe N4.4bn, Nasarawa N4.4bn, Ebonyi N4bn and Ekiti N4.5bn. The Economic Confidential can also confirm other disbursements in June, 2012: Federal N218.3bn, FCT Councils N4.6bn, Nigerian Customs Service (NCS) N2.8bn, and Federal Inland Revenue Service (FIRS) N4.8bn.

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