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Economic Confidential,
April, 2009
FACTS AND FIGURES
Excess Crude Account: The
Sharing of $1.5bn in March 2009 from Foreign Excess Crude
The sharing of $1.5billion from the Foreign Excess Crude Savings
Account was directed by the National Economic Council due to
pressures from governors of states in the federation. The Economic
Confidential gathered that while the table of the allocation was
provided in dollars the actual releases were converted to Naira at
the prevailing official foreign exchange by Central bank of Nigeria.
The detail of the jumbo allocation of the year to the states was
announced at the meeting of the Federation Account Allocation
Committee in March 2009 in Makurdi, Benue State. The highest
recipients are from the oil producing states with Rivers receiving
$90mn, Akwa Ibom $63mn, Delta $44mn and Bayelsa $40mn. The highest
recipients from non-oil –producing states are Lagos $22mn and Kano
$30mn.
The lowest recipients as revealed by the Economic confidential in
the table are Gombe $12mn, Nasarawa $12mn, Ebonyi $12mn and Ekiti
$12mn. The magazine also confirms other disbursements from the
Foreign Excess Crude Saving in March 2009: Federal $687mn, and FCT
Councils $2mn. The revenue agencies, Nigerian Customs Service (NCS)
and Federal Inland Revenue Service (FIRS) did not receive any amount
from this special allocation.
The net disbursement of N254bn from Statutory and VAT allocations in
March 2009 is in another table in the Fact and Figures pages of the
Economic Confidential.
|
1
s/no |
2
state |
3
no of lgCs |
4
STATES gross statutory + min revenue |
5
STATES net statutory + mineral revenue |
7
Local GOVT gross statutory revenue |
8
LOCAL GOVT net statutory revenue |
10
total paid
(5+8) |
s/no |
|
|
|
|
=$= |
=$= |
=$= |
=$= |
=$= |
|
|
1 |
Abia |
17 |
10,574,061.90 |
10,574,061.90 |
5.605,869.42 |
5.605,869.42 |
16,179,93132 |
1 |
|
2 |
Adamawa |
21 |
9,382,562.49 |
9,382,562.49 |
7,214,208.19 |
7,214,208.19 |
16,596,770.68 |
2 |
|
3 |
Akwa Ibom |
31 |
54,464,962.41 |
54,464,962.41 |
9,514,089.38 |
9,514,089.38 |
63,979,051.79 |
3 |
|
4 |
Anambra |
21 |
9,477,112.62 |
9,477,112.62 |
7,151,457.96 |
7,151,457.96 |
16,628,570.58 |
4 |
|
5 |
Bauchi |
20 |
10,991,763.63 |
10,991,763.63 |
8,721,121.62 |
8,721,121.62 |
19,262,885.25 |
5 |
|
6 |
Bayelsa |
8 |
37,668,876.45 |
37,668,876.45 |
3,043,069.05 |
3,043,069.05 |
40,711,945.50 |
6 |
|
7 |
Benue |
23 |
10,131,787.54 |
10,131,787.54 |
8,410,051.67 |
8,410,051.67 |
18,541,839.21 |
7 |
|
8 |
Borno |
27 |
11,179,034.75 |
11,179,034.75 |
9665,458.45 |
9665,458.45 |
20,844,493.20 |
8 |
|
9 |
Cross River |
18 |
12,747,114.09 |
12,747,114.09 |
6,006,411.50 |
6,006,411.50 |
18,753,525.59 |
9 |
|
10 |
Delta |
25 |
36,544,071.56 |
36,544,071.56 |
7,938,905.16 |
7,938,905.16 |
44,482,976.72 |
10 |
|
11 |
Ebonyi |
13 |
7,778,508.16 |
7,778,508.16 |
4,279,160.07 |
4,279,160.07 |
12,057,668.23 |
11 |
|
12 |
Edo |
18 |
9,312,722.66 |
9,312,722.66 |
6,011, 754.93 |
6,011, 754.93 |
15,324,477.59 |
12 |
|
13 |
Ekiti |
16 |
7,846,244.05 |
7,846,244.05 |
4,890,275.42 |
4,890,275.42 |
12,736,519.47 |
13 |
|
14 |
Enugu |
17 |
8,852,447.08 |
8,852,447.08 |
5,794,046.89 |
5,794,046.89 |
14,646,493.97 |
14 |
|
15 |
Gombe |
11 |
8,321,648.25 |
8,321,648.25 |
4,227,911.91 |
4,227,911.91 |
12,549,560.17 |
15 |
|
16 |
Imo |
27 |
12,531,938.95 |
12,531,938.95 |
8,389,355.26 |
8,389,355.26 |
20,921,294.22 |
16 |
|
17 |
Jigawa |
27 |
10,381,066.94 |
10,381,066.94 |
8,801,719.12 |
8,801,719.12 |
19,182,786.06
|
17 |
|
18 |
Kaduna |
23 |
11,831,419.49 |
11,831,419.49 |
9,440,425.26 |
9,440,425.26 |
21,271,844.75 |
18 |
|
19 |
Kano |
44 |
14,828,444.49 |
14,828,444.49 |
15,493,056.26 |
15,493,056.26 |
30,321,500.75 |
19 |
|
20 |
Katsina |
34 |
11,276,987.69 |
11,276,987.69 |
11,327,080.1 6 |
11,327,080.1 6 |
22,064,067.85 |
20 |
|
21 |
Kebbi |
21 |
9,432,504.56 |
9,432,504.56 |
7,036,086.68 |
7,036,086.68 |
16,468,627.24 |
21 |
|
22 |
Kogi |
21 |
9,408,997.75 |
9,408,997.75 |
7,292,673.28 |
7,292,673.28 |
16,701,671.03 |
22 |
|
23 |
Kwara |
16 |
8,574,123.85 |
8,574,123.85 |
5,600,588.02 |
5,600,588.02 |
14,174,711.87 |
23 |
|
24 |
Lagos |
20 |
13,394,859.80 |
13,394,859.80 |
9,410,947.77 |
9,410,947.77 |
22,805,807.57 |
24 |
|
25 |
Nassarawa |
13 |
8,033,522.81 |
8,033,522.81 |
4,481,671.74 |
4,481,671.74 |
12,515,194.55 |
25 |
|
26 |
Niger |
25 |
10,972,082.38 |
10,972,082.38 |
9,081,924.48 |
9,081,924.48 |
20,054,007.86 |
26 |
|
27 |
Ogun |
20 |
9,170,045.11 |
9,170,045.11 |
6,720,445.06 |
6,720,445.06 |
15,890,490.16 |
27 |
|
28 |
Ondo |
18 |
20,089,250.85 |
20,089,250.85 |
6,203,321.94 |
6,203,321.94 |
26,292,572.79 |
28 |
|
29 |
Osun |
30 |
8,697,305.26 |
8,697,305.26 |
8,454,012.45
|
8,454,012.45
|
17,161,317 .70 |
29 |
|
30 |
Oyo |
33 |
10,957,554.30 |
10,957,554.30 |
10,810,455,72 |
10,810,455,72 |
21,768,010.01 |
30 |
|
31 |
Plateau |
17 |
9,202,153.10 |
9,202,153.10 |
6,188,047.36 |
6,188,047.36 |
15,390,200.46 |
31 |
|
32 |
Rivers |
23 |
82,171,582.02 |
82,171,582.02 |
8,102,956.55 |
8,102,956.55 |
90,274,538.57 |
32 |
|
33 |
Sokoto |
23 |
9,782,633.32 |
9,782,633.32 |
7,767,496.40 |
7,767,496.40 |
17,550,129.72 |
33 |
|
34 |
Taraba |
16 |
9,266,065.97 |
9,266,065.97 |
6,183,066.29 |
6,183,066.29 |
15,449,132.25 |
34 |
|
35 |
Yobe |
17 |
9,196,273.52 |
9,196,273.52 |
5,996.066.99 |
5,996.066.99 |
15,192,340.50 |
35 |
|
36 |
Zamfara |
14 |
9,224,233.31 |
9,224,233.31 |
5,629,238.51 |
5,629,238.51 |
14,853,471.72 |
36 |
|
37 |
FCT-Abuja |
6 |
0.00 |
0.00 |
2,395,573.09 |
2,395,573.09 |
2,395,573.09 |
37 |
|
|
State’s total |
774 |
543,696,000.00 |
543,696,000.00 |
268,830,000.00 |
268,830,000.00 |
812,526 000.00 |
|
|
38 |
FGN |
|
687,474,000.00 |
687,474,000.00 |
0.00 |
0.00 |
687,474,000.00
|
38 |
|
39 |
Local Government |
|
268,880,000.00 |
268,880,000.00 |
0.00 |
0.00 |
0.00 |
|
|
|
TOTAL |
|
1,500,000,000.00 |
1,500,000,000.00 |
268,830,000.00 |
268,830,000.00 |
1,500,000,000.00 |
|
|
|
|
|
|
|
|
|
|
|
This table is brought to you courtesy of the monthly Economic
Confidential magazine. |
