The Federal Government, the 36 states and their local government
areas shared N1.4 trillion from the federation account in the first
quarter of 2017.
The breakdown is contained in the monthly Federation Account Allocation Committee (FAAC) report obtained by NAN.
The key agencies that remit funds into the federation account are the
Nigerian National Petroleum Corporation (NNPC), the Federal Inland
Revenue Service and the Nigerian Customs Service.
The total revenue shared in January to the federal, states and local government was N430.16 billion.
The federation grossed in N514 billion in February and federal
government’s share was N200.6 billion, states, N128.4 billion and local
government, N96.52 billion.
In March, revenue generation dipped to N466.9 billion. The federal
government got N180.5 billion, state governments, N116.5 billion and
local government, N87.5 billion.
The allocation was made using the revenue sharing formula, Federal
Government, 52.68 per cent; states, 26.72 per cent and local governments
20.60 per cent.
The report showed that before distribution, state liabilities were deducted.
A breakdown of what the state got is as follows:
Abia N8.42 billlion; Adamawa N7.8 billion; Akwa Ibom N34.88 billion;
Anambra N8.7 billion; Bauchi N7.9 billion; Bayelsa N22.97 billion; Benue
N8.16 billion; Borno N9.74 billion; and, Cross River N4.28 billion.
Also, Delta got N21.54 billion; Ebonyi N7.56 billion; Edo N6.5
billion; Ekiti N4.97 billion; Enugu N7.86 billion; Gombe N6.35 billion;
Imo N7.92 billion; Jigawa N9.66 billion; Kaduna N10.56 billion; and,
Kano N14.02 billion.
Similarly, Katsina’s share from the federation account in 3 months
was N10.05 billion; Kebbi N8.37 billion; Kogi N8.28 billion; Kwara N6.9
billion; Lagos 19.03 billion; Nassarawa N7.41 billion; and, Niger N9
billion.
Finally, Ogun state got N4.98 as allocation for first quarter, 2017;
Ondo N10.22 billion; Osun N1.76 billion; Oyo N8.9 billion; Plateau N5.7
billion; Rivers N26.8 billion; Sokoto N9.07 billion; Taraba N6.9
billion; Yobe N8.33 billion; and, Zamfara N5.91 billion.
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