Federation Account: How They Share N727bn in February, 2012

cbnThe Economic Confidential magazine provides here the distribution of a total sum of N727billion being the statutory and VAT allocations shared to all tiers of government at the February 2012 meeting of the monthly Federation Account Allocation Committee (FAAC). 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 N15.4, Akwa Ibom N14.5bn, Delta N12.8bn and Bayelsa N8.6bn. The highest recipients from non-oil –producing states are Lagos N12.7bn and Kano N9bn.

The lowest recipients as revealed in the table below are Gombe N2.9bn, Nasarawa N3.4bn, Ebonyi N3.1bn and Ekiti N3.4bn. The Economic Confidential can also confirm other disbursements in February 2012: Federal Government N173.4n, FCT Councils N3.5 billion, Nigerian Customs Service (NCS) N2.1bn, and Federal Inland Revenue Service (FIRS) N3.7bn. Please check Facts and Figures of this magazine to see the second allocation from Excess Crude Account. 

S/NO

STATES

NO

OF

LGs

GROSS

STATUTORY

REVENUE

NET

STATUTORY

REVENUE

VAT

SHARED

GROSS

STATUTORY

REVENUE

NET

STATUTORY

REVENUE

NET VAT

TO L/GOVT

TOTAL PAID

(5+6+8+9)

      =N=
=N=
=N=
=N=
=N=
=N=
=N=
1

ABIA

17

2,186,464,685.23

2,155,536,662.03

525,337,183.84

1,414,334,940.52

1,414,334,940.52

313,023,779.36

4,408,232,565.75

2

ADAMAWA

21

2,367,177,143.28

1,876,783,286.65

545,377,510.57

1,820,111,378.38

1,820,111,378.38

372,962,676.31

4,615,234,851.91

3

AKWA IBOM

31

11,943,529,657.42

10,983,201,850.13

595,886,346.61

2,400,360,768.74

2,400,360,768.74

522,535,786.67

14,501,984,752.14

4

ANAMBRA

21

2,391,031,704.26

2,376,449,539.40

604,775,462.46

1,804,279,784.77

1,804,279,784.77

413,756,954.53

5,198,261,741.16

5

BAUCHI

20

2,773,171,153.12

2,285,760,104.00

617,791,928.29

2,086,765,749.55

2,086,765,749.55

412,630,721.30

5,373,694,204.19

6

BAYELSA

8

9,699,369,054.06

7,238,195,448.94

482,808,765.53

767,752,253.58

767,752,253.58

177,320,982.83

8,666,077,450.88

7

BENUE

23

2,556,203,161.03

2,171,048,562.86

627,466,338.92

2,121,817,159.09

2,121,817,159.09

450,299,272.92

5,370,631,333.75

8

BORNO

27

2,820,418,788.92

2,483,008,465.99

608,213,018.26

2,438,550,487.57

2,438,550,487.57

484,903,793.58

6,014,675,765.38

9

CROSS RIVER

18

2,513,461,902.28

2,303,518,208.32

531,342,285.12

1,515,389,855.89

1,515,389,855.89

328,411,703.30

4,678,662,052.62

10

DELTA

25

11,154,175,368.99

9,380,677,051.95

874,136,620.38

2,002,949,071.64

2,002,949,071.64

616,176,786.75

12,873,939,530.73

11

EBONYI

13

1,962,481,650.78

1,342,597,905.45

498,941,045.93

1,079,612,303.47

1,079,612,303.47

247,379,247.45

3,168,530,502.31

12

EDO

18

3,000,824,163.30

2,338,914,891.42

563,981,475.04

1,516,737,977.72

1,516,737,977.72

349,426,852.23

4,769,061,196.41

13

EKITI

16

1,979,571,103.08

1,453,646,636.64

506,363,399.23

1,233,793,881.21

1,233,793,881.21

237,662,027.14

3,481,465,944.23

14

ENUGU

17

2,233,431,475.85

2,133,613,917.80

550,375,237.94

1,461,811,246.10

1,461,811,246.10

330,194,569.13

4,475,994,970.97

15

GOMBE

11

2,099,513,386.07

1,131,591,842.23

486,478,950.40

1,066,682,630.98

1,066,682,630.98

218,126,440.78

2,902,879,864.38

16

IMO

27

2,814,725,634.92

2,346,842,989.95

588,131,926.31

2,116,595,551.13

2,116,595,551.13

471,890,340.00

5,504,163,640.48

17

JIGAWA

27

2,619,095,200.04

2,370,218,206.18

601,160,824.93

2,220,633,046.11

2,220,633,046.11

482,015,654.41

5,674,027,731.63

18

KADUNA

23

2,982,012,443.59

2,677,953,299.56

736,645,050.97

2,381,775,652.61

2,381,775,652.61

525,182,030.37

6,321,555,963.51

19

KANO

44

3,741,147,998.66

3,287,579,590.67

952,500,254.22

3,908,826,473.62

3,908,826,473.62

913,847,628.22

9,062,753,946.73

20

KATSINA

34

2,845,131,862.99

2,809,510,578.53

693,784,013.27

2,857,769,963.32

2,857,769,963.32

625,677,850.60

6,986,742,406.02

21

KEBBI

21

2,379,786,380.33

1,890,893,244.07

551,179,273.05

1,775,172,143.27

1,775,172,143.27

376,771,916.46

4,594,016,576.85

22

KOGI

21

2,373,846,637.46

2,079,689,818.28

561,565,033.41

1,839,907,757.64

1,839,907,757.64

383,059,388.36

4,864,221,997.69

23

KWARA

16

2,163,211,811.01

2,146,824,651.89

310,569,464.60

1,413,022,467.65

1,413,022,467.65

290,028,317.45

4,160,424,901.59

24

LAGOS

20

3,379,461,208.03

2,735,791,720.75

4,761,990,494.69

2,374,338,618.37

2,374,338,618.37

2,850,523,563.63

12,722,644,397.44

25

NASSARAWA

13

2,026,820,669.45

1,675,076,812.79

466,868,559.54

1,130,705,062.25

1,130,705,062.25

226,811,543.14

3,499,461,977.72

26

NIGER

25

2,768,205,916.54

2,192,259,643.57

583,628,724.97

2,291,327,563.93

2,291,327,563.93

446,252,667.34

5,513,468,599.81

27

OGUN

20

2,313,559,990.80

2,288,142,265.66

590,870,715.46

1,695,537,220.91

1,695,537,220.91

391,318,774.52

4,965,868,976.55

28

ONDO

18

3,671,456,615.90

2,605,328,575.61

612,403,362.00

1,565,069,449.87

1,565,069,449.87

378,967,879.56

5,161,769,267.04

29

OSUN

30

2,194,289,910.90

2,147,784,057.68

568,235,645.54

2,132,908,260.07

2,132,908,260.07

491,837,511.39

5,340,765,474.69

30

OYO

33

2,764,540,295.40

2,671,363,547.93

683,258,941.54

2,727,428,004.00

2,727,428,004.00

606,761,981.24

6,688,835,474.81

31

PLATEAU

17

2,321,660,688.32

2,277,627,241.71

562,155,724.48

1,561,215,743.56

1,561,215,743.56

336,564,818.57

4,737,563,528.32

32

RIVERS

23

12,418,658,299.86

12,099,118,422.14

788,857,112.57

2,044,338,480.86

2,044,338,480.86

550,137,416.23

15,482,451,431.81

33

SOKOTO

23

2,468,113,163.71

2,220,766,177.28

590,725,599.18

1,959,703,435.81

1,959,703,435.81

425,711,330.05

5,196,906,502.32

34

TARABA

16

2,337,785,609.00

2,333,058,570.11

496,965,260.13

1,559,959,041.39

1,559,959,041.39

281,680,813.62

4,671,663,685.26

35

YOBE

17

2,320,177,296.28

2,198,308,386.72

498,021,287.99

1,512,779,982.54

1,512,779,982.54

293,979,596.33

4,503,089,253.58

36

ZAMFARA

14

2,327,231,398.09

1,380,796,619.67

536,711,902.65

1,420,230,854.99

1,420,230,854.99

287,592,816.96

3,625,332,194.27

37

FCT-ABUJA

6

0.00

0.00

0.00

604,392,017.33

604,392,017.33

727,427,857.35

1,331,819,874.67

38

STATE’S-TOTAL

774

126,914,743,428.94

110,088,501,724.84

25,355,504,700.12

67,824,566,280.40

67,776,014,814.55

17,888,853,290.09

221,108,874,529.60

39

FGN

 

170,228,041,326.96

166,330,575,550.98

7,155,541,316.03

0.00

0.00

0.00

173,486,116,867.01

40

FCT-ABUJA   3,218,470,889.14
3,072,502,139.14
511,110,094.00
0.00
0.00

0.00
3,583,612,233.15
41

Less:Cost of Collection-NCS
 

2,162,338,981.65

2,162,338,981.65

0.00

0.00

0.00

0.00

2,162,338,981.65

42

Transfer to Excess Crude Acct
 

224,313,010,757.06

224,313,101,757.06

0.00

0.00

0.00

0.00

224,313,101,757.06

43

Less: 4%Cost of Collection – FIRS VAT

1,663,183,967.50

1,663,183,967.50

2,129,625,391

0.00

0.00

0.00

3,792,809,359.17

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

45

TOTAL DEDUCTION   0.00

20,869,676,230.08

200,000,000.00

0.00

48,551,465.85

0.00

21,118,227,695.93

46

Local Government   67,824,566,280.40
67,824,566,280.40
17,888,853,290.09 0.00 0.00
0.00
 
49

Transfer from Excess Domestic to Sub
  70,000,000,000.00
70,000,000,000.00

0.00

0.00

0.00

0.00

70,000,000,000.00

 

GRAND TOTAL   673,941,877,881.65

673,941,877,881.65

53,240,634,791.92

67,824,566,280.40

67,824,566,280.40

17,888,853,290.09
727,182,512,673.57

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

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