FAAC: The Sharing of N27bn on Foreign Exchange Difference in Nov 09

   Sharing of N27bn on Foreign Exchange Difference

   Apart from the Federation Account Allocation of Statutory and VAT disbursement at the monthly meeting of the Federation Account Allocation Committee held in November 2009, an additional sum of N27,673,546,102.29 was shared to all tiers of

government being exchange difference of N145.09 and Budget Rate of N125 to 1 US Dollar. The details allocation is provided below by the Economic Confidential, the factual and authoritative magazine Nigeria’s economy.

 

 

 

 

 

State government

 

Local government

 

 

1

s/no

2

state

3

no of lgCs

FED & STATES

ALLOCATION

net MINERAL REVENUE

TOTAL

(3+4)

   TOTAL DEDUCTION

STATE NET

   LG NET ALLOCATION

     total

s/no

 

 

 

=N=

=N=

 

=N=

=N=

=N=

=N=

 

1

Abia

17

155,055,380.61

56,478,836.80

211,534,217.41

0.00

211,534,217.41

103,422,857.23

314,957,074.64

1

2

Adamawa

21

173,099,183.73

0.00

173,099,183.73

0.00

173,099,183.73

133,095,148.71

306,194,332.44

2

3

Akwa Ibom

31

175,117,129.67

1,009,269,324.39

1,184,386,454.06

0.00

1,184,386,454.06

175,525,727.31

1,359,912,181.36

3

4

Anambra

21

174,843,542.01

0.00

174,843,542.01

0.00

174,843,542.01

131,937,467.74

306,781,099.75

4

5

Bauchi

20

202,787,385.10

0.00

202,787,385.10

0.00

202,787,385.10

152,594,176.96

355,381,562.06

5

6

Bayelsa

8

138,868,982.74

416,704,799.54

555,573,782.28

0.00

555,573,782.28

56,141,674.39

611,715,456.67

6

7

Benue

23

186,921,659.79

0.00

186,921,659.79

0.00

186,921,659.79

155,157,301.73

342,078,961.52

7

8

Borno

27

206,242,355.60

0.00

206,242,355.60

0.00

206,242,355.60

178,318,340.09

384,560,695.69

8

9

Cross River

18

162,496,340.66

0.00

162,496,340.66

0.00

162,496,340.66

110,812,470.39

273,308,811.05

9

10

Delta

25

175,013,294.54

878,675,151.24

1,053,688,445.78

0.00

1,053,688,445.78

146,465,105.22

1,200,153,551.00

10

11

Ebonyi

13

143,505,936.09

0.00

 

0.00

 

78,946,355.58

222,452,291.68

11

12

Edo

18

163,344,650.18

64,844,979.29

228,189,629.46

0.00

228,189,629.46

110,911,051.43

339,100,680.89

12

13

Ekiti

16

144,755,597.64

0.00

144,755,597.64

0.00

144,755,597.64

90,220,841.45

234,976,439.09

13

14

Enugu

17

163,319,068.24

0.00

163,319,068.24

0.00

163,319,068.24

106,894,549.14

270,213,617.38

14

15

Gombe

11

153,526,344.41

0.00

153,526,344.41

0.00

153,526,344.41

78,000,876.80

231,527,221.21

15

16

Imo

27

174,361,673.43

55,307,873.86

229,669,547.30

0.00

229,669,547.30

154,775,473.07

384,445,020.37

16

17

Jigawa

27

191,520,623.01

0.00

191,520,623.01

0.00

191,520,623.01

162,383,186.55

353,903,809.56

17

18

Kaduna

23

218,278,221.76

0.00

218,278,221.76

0.00

218,278,221.76

174,166,695.75

392,444,917.51

18

19

Kano

44

273,570,428.24

0.00

273,570,428.24

0.00

273,570,428.24

285,831,871.04

559,402,299.28

19

20

Katsina

34

208,049,492.41

0.00

208,049,492.41

0.00

208,049,492.41

208,973,650.05

417,023,142.46

20

21

Kebbi

21

174,021,230.76

0.00

174,021,230.76

0.00

174,021,230.76

129,808,979.38

303,830,210.14

21

22

Kogi

21

173,596,888.68

0.00

173,596,888.68

0.00

173,596,888.68

134,542,753.55

308,129,642.23

22

23

Kwara

16

158,184,274.38

0.00

158,184,274.38

0.00

158,184,274.38

103,325,420.52

261,509,694.89

23

24

Lagos

20

247,122,180.20

0.00

247,122,180.20

0.00

247,122,180.20

173,622,864.65

420,745,044.85

24

25

Nassarawa

13

148,210,709.31

0.00

148,210,709.31

0.00

148,210,709.31

82,682,499.65

230,893,208.96

25

26

Niger

25

202,424,303.53

0.00

202,424,303.53

0.00

202,424,303.53

167,552,703.91

369,977,007.44

26

27

Ogun

20

169,178,444.07

0.00

169,178,444.07

0.00

169,178,444.07

123,985,697.38

293,164,141.45

27

28

Ondo

18

162,244,223.14

202,057,632.17

364,301,855.31

0.00

364,301,855.31

114,445,227.16

478,747,132.48

28

29

Osun

30

160,456,851.96

0.00

160,456,851.96

0.00

160,456,851.96

155,968,335.47

316,425,187.43

29

30

Oyo

33

202,156,255.98

0.00

202,156,255.98

0.00

202,156,255.98

199,442,429.78

401,598,685.77

30

31

Plateau

17

169,770,805.37

0.00

169,770,805.37

0.00

169,770,805.37

114,163,475.94

283,934,281.31

31

32

Rivers

23

189,799,230.64

914,222,396.02

1,104,021,626.66

0.00

1,104,021,626.66

149,491,694.49

1,253,513,321.15

32

33

Sokoto

23

180,480,102.73

0.00

180,480,102.73

0.00

180,480,102.73

143,302,779.88

323,782,882.61

33

34

Taraba

16

170,949,935.80

0.00

170,949,935.80

0.00

170,949,935.80

114,071,579.94

285,021,515.73

34

35

Yobe

17

169,662,332.73

0.00

169,662,332.73

0.00

169,662,332.73

110,621,624.11

280,283,956.84

35

36

Zamfara

14

170,178,162.00

0.00

170,178,162.00

0.00

170,178,162.00

103,853,994.37

274,032,156.37

36

37

FCT-Abuja

6

0.00

0.00

0.00

0.00

0.00

44,196,001.62

44,196,001.62

37

 

SUB TOTAL

 

6,433,103,221.12

3,597,560,993.30

10,030,664,214.42

0.00

10,030,664,214.42

4,959,652,932.45

14,990,317,146.87

 

       38

FGN

 

12,683,228,955.42

0.00

12,683,228,955.42

0.00

12,683,228,955.42

 

12,683,228,955.42

38

39

FIRS & Custom

 

 

 

 

0.00

 

 

 

39

40

DEDUCTIONS

 

 

 

 

 

 

 

 

40

41

GRAND TOTAL

19,116,332,176.54

3,597,560,933.30

22,713,893,169.84

0.00

22,713,893,169.84

4,959,652,932.45

27,673,546,102.29

41

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

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