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Economic Confidential,
July 2008
FACTS AND FIGURES
FEDERATION ACCOUNT: The Sharing of N611bn in June 2008
From documents obtained by Nigeria’s economic magazine, the
Economic Confidential a total sum of N611.7bn was disbursed
to the tiers of government in June 2008 at the monthly meeting of
the Federation Account Allocation Committee (FAAC) in Abuja. The
total allocation came from accounts of Statutory Revenue, VAT and
Domestic Excess Crude Proceeds.
The Economic Confidential in a computed table (below)
shows that the disbursements were made to federal government, states
(with their Local Government Councils) and two revenue generating
agencies (Nigerian Customs Service and Federal Inland Revenue
Service).
From the disbursement in June 2008, the highest recipients are
mostly oil producing states of Rivers which received N23bn, Akwa
Ibom N16.5bn, Delta N11.8bn, Bayelsa N10.5bn and Ondo N7.3bn. The
highest recipients from non-oil –producing states are Lagos N10bn,
Kano N9.6bn, Katsina N6.9bn and Oyo N6.6bn.
The lowest recipients with less thanN7bn as is authoritatively
revealed in this table by the Economic Confidential are Ekiti
N3.9bn, Nasarawa N3.8bn, Gombe N3.8bn and Ebonyi N3.7bn. Economic
Confidential can also confirm other disbursements in June 2008:
Federal N189.8bn, FCT Councils N1bn. Though the revenue generating
agencies could not benefit from the bonuses from the excess crude
disbursement they nevertheless received the monthly statutory and
VAT Allocation. Nigerian Customs Service (NCS) received N1.6bn and
Federal Inland Revenue Service (FIRS) N2.4bn.
|
S/NO |
STATES |
NO
OF L/GOVTS |
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) |
EXCESS CRUDE |
GRAND
TOTAL |
S/NO |
|
|
|
|
=N= |
=N= |
=N= |
=N= |
=N= |
=N= |
=N= |
=N= |
=N= |
|
|
1 |
ABIA |
17 |
2,203,502,843.85 |
2,189,267,030.65 |
341,556,650.52 |
1,210,539,710.63 |
1,210,539,710.63 |
203,774,311.84 |
3,945,137,703.65 |
947,868,004.08 |
4,893,005,707.73 |
1 |
|
2 |
ADAMAWA |
21 |
2,026,084,382.10 |
2,009,773,902.33 |
339,698,551.38 |
1,557,846,757.64 |
1,557,846,757.64 |
232,556,515.58 |
4,139,875,726.92 |
972,287,680.75 |
5,112,163,407.67 |
2 |
|
3 |
AKWA IBOM |
31 |
10,105,474,278.15 |
10,024,109,032.50 |
363,368,450.96 |
2,054,486,491.95 |
2,054,486,491.95 |
321,298,145.71 |
12,763,262,121.13 |
3,748,081,181.70 |
16,511,343,302.83 |
3 |
|
4 |
ANAMBRA |
21 |
2,046,501,676.83 |
1,998,605,669.33 |
374,732,113.29 |
1,544,296,379.86 |
1,544,296,379.86 |
256,832,115.02 |
4,174,466,277.51 |
974,150,612.40 |
5,148,616,889.91 |
4 |
|
5 |
BAUCHI |
20 |
2,373,577,650.56 |
2,188,664,306.46 |
413,381,741.06 |
1,786,078,201.31 |
1,786,078,201.31 |
274,346,479.85 |
4,662,470,728.68 |
1,128,476,520.12 |
5,790,947,248.80 |
5 |
|
6 |
BAYELSA |
8 |
7,024,546,627.23 |
7,019,351,978.16 |
320,289,982.72 |
657,124,818.35 |
657,124,818.35 |
122,503,982.09 |
8,119,270,761.33 |
2,385,025,606.59 |
10504296367.92 |
6 |
|
7 |
BENUE |
23 |
2,187,873,145.33 |
2,157,609,070.21 |
388,860,723.98 |
1,816,078,961.32 |
1,816,078,961.32 |
279,881,038.94 |
4,642,429,794.45 |
1,086,235,520.67 |
5728665315.12 |
7 |
|
8 |
BORNO |
27 |
2,414,017,250.64 |
2,405,626,885.80 |
370,016,963.59 |
2,087,173,354.06 |
2,087,173,354.06 |
297,174,298.27 |
5,159,991,501.72 |
1,221,131,769.28 |
6381123271.00 |
8 |
|
9 |
CROSS RIVER |
18 |
2,607,598,966.25 |
2,249,191,211.35 |
338,183,206.09 |
1,297,033,358.28 |
1,297,033,358.28 |
209,128,872.96 |
4,093,536,648.69 |
1,098,636,731.65 |
5192173380.34 |
9 |
|
10 |
DELTA |
25 |
6,895,196,241.01 |
6,806,317,731.54 |
410,732,606.54 |
1,714,338,888.29 |
1,714,338,888.29 |
307,095,517.76 |
9,238,484,744.12 |
2,605,943,715.80 |
11844428459.92 |
10 |
|
11 |
EBONYI |
13 |
1,679,702,524.20 |
1,659,498,616.71 |
314,411,011.14 |
924,048,135.98 |
924,048,135.98 |
156,505,520.33 |
3,054,463,284.16 |
706,373,697.46 |
3760836981.62 |
11 |
|
12 |
EDO |
18 |
1,994,108,169.29 |
1,944,797,940.14 |
355,891,735.48 |
1,298,187,225.71 |
1,298,187,225.71 |
220,824,482.63 |
3,819,701,383.95 |
897,753,006.26 |
4717454390.21 |
12 |
|
13 |
EKITI |
16 |
1,694,329,512.51 |
1,681,777,192.08 |
314,190,372.96 |
1,056,013,285.93 |
1,056,013,285.93 |
178,673,170.75 |
3,230,654,021.71 |
746,142,801.44 |
3976796823.15 |
13 |
|
14 |
ENUGU |
17 |
1,911,610,478.56 |
1,886,955,521.35 |
371,874,444.37 |
1,251,175,030.86 |
1,251,175,030.86 |
223,356,288.42 |
3,733,361,284.99 |
858,034,729.95 |
4591396014.94 |
14 |
|
15 |
GOMBE |
11 |
1,796,988,997.46 |
1,778,825,553.59 |
306,685,465.54 |
912,981,533.90 |
912,981,533.90 |
137,994,770.68 |
3,136,487,323.71 |
735,190,175.29 |
3871677499.00 |
15 |
|
16 |
IMO |
27 |
2,592,734,333.47 |
2,586,538,192.48 |
373,203,514.07 |
1,811,609,748.57 |
1,811,609,748.57 |
298,413,640.60 |
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