How They Share N7.6bn from NNPC Refund in February 2012

cbnThe Nigerian National Petroleum Corporation (NNPC) has continued to refund some funds it withheld from the Federation Account. From a table provided by the Economic Confidential a total sum of N7,617,431,250 was shared to states and local government councils being 6th refund made by the NNPC at the meeting of the Federation Account Allocation Committee (FAAC) in February 2012. In some instance a total allocation to local governments in a particular state could be higher than the allocation made to the state. The refund also featured the application of derivation principle on Oil and Gas.

 

1
s/no
2
state
FED. & STATE ALLOCATION
TOTAL DERIVATION OIL & GAS
TOTAL (3+4)
LG NET ALLOCATION
TOTAL
S/NO
1
Abia 
91,928,612.27
12,972,485.42
104,901,097.69
59,314,383.09
164,215,480.78
1
2
Adamawa 
102,547,335.89

102,547,335.89
79,291,647.74
181,838,983.63
2
3

Akwa Ibom

101,283,927.66

167,658,976.24

268,942,903.90

96,795,109.64

365,738,013.55

3

4

Anambra

102,679,511.16

102,679,511.16

83,510,552,51

186,190,063.67

4

5

Bauchi

115,704,842.54

115,704,842.54

81,859,411.88

197,564,254.43

5

6

Bayelsa

79,672,734.07

231,996,562.32

311,669,296.40

32,071,451.63

343,740,748.02

6

7

Benue

110,647,767.73

110,647,767.73

92,292,073.24

202,939,840.97

7

8

Borno

117,456,432.49

117,456,432.49

100,889,689.64

218,346,122.13

8

9

Cross River

96,045,615.34

15,201,574.33

111,247,189.67

67,116,903.24

178,364,092.90

9

10

Delta

102,583,708.70

199,277,181.35

301,860,890.05

88,852,761.02

390,713,651.08

10

11

Ebonyi

86,764,433.43

45,894,666.71

132,659,100.14

11

12

Edo

102,062,420.44

8,293,478.27

110,355,898.72

71,646,492.49

182,002,391.20

12

13

Ekiti

86,282,742.06

86,282,742.06

53,363,277.02

139,646,019.08

13

14

Enugu

95,469,060.52

95,469,060.52

60,974,540.15

156,443,600.67

14

15

Gombe

87,831,585.10

87,831,585.10

43,684,252.43

131,515,837.54

15

16

Imo

101,194,140.29

14,357,867.64

115,552,007.93

86,575,991.45

202,127,999.38

16

17

Jigawa

112,360,247.42

112,360,247.42

92,892,665.49

205,252,912.91

17

18

Kaduna

125,705,227.98

125,705,227.98

101,996,275.41

227,701,503.39

18

19

Kano

152,911,132.99

152,911,132.99

161,144,203.38

314,055,336.37

19

20

Katsina

119,897,920.90

119,897,920.90

121,069,528.80

240,967,449.71

20

21

Kebbi

99,707,752.30

99,707,752.30

74,960,238.83

174,667,991.14

21

22

Kogi

100,006,468.32

100,006,468.32

74,196,941.60

174,203,409.92

22

23

Kwara

91,047,964.78

91,047,964.78

61,563,097.07

152,611,061.85

23

24

Lagos

144,499,323.83

144,499,323.83

107,996,716.92

252,496,040.75

24

25

Nassarawa

86,141,551.89

86,141,551.89

47,651,750.40

133,793,302.30

25

26

Niger

115,840,352.22

115,840,352.22

96,871,709.05

212,712,061.28

26

27

Ogun

97,575,055.07

97,575,055.07

73,832,963.58

171,408,018.65

27

28

Ondo

95,898,653.54

39,344,260.93

135,242,914.47

66,613,230.91

201,856,145.38

28

29

Osun

93,777,457.38

93,777,457.38

97,415,398.50

191,192,855.88

29

30

Oyo

117,037,985.24

117,037,985.24

116,184,038.75

233,222,023.99

30

31

Plateau

99,808,920.19

99,808,920.19

65,726,829.88

165,535,750.07

31

32

Rivers

110,405,103.63

289,981,591.61

400,386,695.24

85,640,771.54

486,027,466.78

32

33

Sokoto

105,618,353.72

105,618,353.72

83,821,377.87

189,439,731.59

33

34

Taraba

98,710,829.80

98,710,829.80

65,521,223.05

164,232,052.86

35

Yobe

95,923,526.71

95,923,526.71

65,334,796.27

161,258,322.98

36

Zamfara

99,415,275.50

99,415,275.50

57,052,694.57

156,467,970.07

37
FCT-Abuja

23,101,558.60

23,101,558.60

 
  Sokoto Derivation   9,083,710.59
9,083,710.59
0.00
9,083,710.59  
38
ONA/ASABORO DERIVATION   2,098,373.79 2,098,373.79 0.00 2,098,373.79  
39
SUB TOTAL
3,742,443,973.13
990,266,062.50
4,732,710,035.63
2,884,721,214.38
7,617,431,250.00  
  GRAND TOTAL
3,742,443,973.13
990,266,062.50
4,732,710,035.63
2,884,721,214.38
7617431250
 

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