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Still a long shot to stable electricity By Chijama Ogbu

Facts and Figures

Again FG, States Share N354bn in November

FAAC: The Sharing of N266bn Statutory and VAT Allocation in Nov 09

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

Corruption Index: The Ranking of Nigeria from 1995 – 2009

Hurray… Nigeria is No More Most Corrupt Nation

Table of Clean and Corrupt Nations 2009

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Update on Banking Reforms

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Daring Scammers Forged Senate President’s Cheque … As EFCC Arraigned Nigerian Ambassador on Corruption Charges

Love Scam: Australian Victim Receives $9,300 from Unilag Graduate

Nigeria Canvases for Investment in Agriculture

Economists Call for Sincerity on Deregulation

NEMA Graduates Search and Rescue Officers

FG Earmarks N1.5bn for Year 2009 Pest Control Exercise

More Agitations over New Auditor General ...As Tenure of Acting Incumbent Expires

Nigerian Macroeconomics Improve- Minister ... As Baroness Chalker Commends Amnesty

Madam Rebranding Akunyili Confesses on Deteriorating Educational Sector

A Nigeria's Graduate in $2.5m Internet Scam ... As Hacker Attacks Police Website

Amnesty: Barrel of Crude Jumps to 1.84 million... As Koreans Opt Out-of-Court Settlement Over Oil Licence

Odey Urges States to Give Attention to Environmental Issues

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Kano has highest Allocation for Agriculture

Osun Presents N113bn budget to Legislators

Kaduna Rail Service Commended

Anambra Releases N100m for Laboratories

Delta to Rehabilitate FG Roads

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Global Economic Crisis an Opportunity to Reposition Nigeria- Minister

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Economic Confidential, November, 2009

FACTS AND FIGURES

The Sharing of N27.8bn on Exchange Rate difference in October 2009

At the meeting of the Federation Account Allocation Committee (FAAC) in October 2009, the sum of N27,879,673.47 was (additionally) distributed to Federal, States and Local governments in Nigeria being exchange difference of N147.25 and Budget Rate of N125 to 1US dollar in September 2009. The oil producing states received additional on Net Mineral Revenue with three of them Akwa Ibom, Delta and Rivers States each receiving over N1bn while other states like Cross River received N275mn, Kwara N263mn, Nasssarawa N232mn and Ebonyi N224mn. No deduction was made from allocation to any of the recipients. The details are indicated below. The main disbursement from Statutory and VAT Allocations is another table click: HERE

			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	156,210,314.63	56,899,520.88	213,109,835.51	0.00	213,109,835.51	104,193,205.06	317,303,040.57	1
2	Adamawa	21	174,388,517.49	0.00	174,388,517.49	0.00	174,388,517.49	134,086,511.37	308,475,028.86	2
3	Akwa Ibom	31	176,421,494.15	1,016,786,893.10	1,193,208,387.25	0.00	1,193,208,387.25	176,833,135.23	1,370,041,522.48	3
4	Anambra	21	176,145,868.66	0.00	176,145,868.66	0.00	176,145,868.66	132,920,207.39	309,066,076.05	4
5	Bauchi	20	204,297,852.20	0.00	204,297,852.20	0.00	204,297,852.20	153,730,778.64	358,028,630.83	5
6	Bayelsa	8	139,903,351.95	419,808,636.04	559,711,987.99	0.00	559,711,987.99	56,559,847.11	616,271,835.10	6
7	Benue	23	188,313,950.61	0.00	188,313,950.61	0.00	188,313,950.61	156,312,994.91	344,626,945.53	7
8	Borno	27	207,778,557.13	0.00	207,778,557.13	0.00	207,778,557.13	179,646,548.87	387,425,106.00	8
9	Cross River	18	163,706,698.87	0.00	163,706,698.87	0.00	163,706,698.87	111,637,859.95	275,344,558.81	9
10	Delta	25	176,316,885.60	885,219,985.87	1,061,536,871.47	0.00	1,061,536,871.47	147,556,054.35	1,209,092,925.82	10
11	Ebonyi	13	144,574,843.78	0.00	144,547,843.78	0.00	144,547,843.78	79,534,389.56	224,109,233.33	11
12	Edo	18	164,561,327.04	65,327,978.79	229,889,305.83	0.00	229,889,305.83	111,737,175.27	341,626,481.10	12
13	Ekiti	16	145,833,813.46	0.00	145,833,813.46	0.00	145,833,813.46	90,892,853.73	236,726,667.19	13
14	Enugu	17	164,561,327.04	0.00	164,535,554.55	0.00	164,535,554.55	107,690,755.96	272,226,310.51	14
15	Gombe	11	154,669,889.36	0.00	154,669,889.36	0.00	154,669,889.36	78,581,868.36	233,251,757.72	15
16	Imo	27	175,660,410.88	55,719,836.00	231,380,246.87	0.00	231,380,246.87	155,928,322.19	387,308,568.07	16
17	Jigawa	27	192,947,169.33	0.00	192,947,169.33	0.00	192,947,169.33	163,592,701.92	356,539,871.25	17
18	Kaduna	23	219,904,072.75	0.00	219,904.072.75	0.00	219,904.072.75	175,463,980.90	395,368,053.65	18
19	Kano	44	275,608,124.66	0.00	275,608,124.66	0.00	275,608,124.66	287,960,897.14	563,569,021.80	19
20	Katsina	34	209,599,154.44	0.00	209,599,154.44	0.00	209,599,154.44	210,530,195.70	420,129,350.14	20
21	Kebbi	21	175,317,432.41	0.00	175,317,432.41	0.00	175,317,432.41	130,775,864.93	306,093,297.34	21
22	Kogi	21	174,879,855.12	0.00	174,879,855.12	0.00	174,879,855.12	135,544,898.73	310,424,753.85	22
23	Kwara	16	159,362,514.04	0.00	159,362,514.04	0.00	159,362,514.04	104,095,042.59	263,457,556.63	23
24	Lagos	20	248,962,876.17	0.00	248,962,876.17	0.00	248,962,876.17	174,916,099.06	423,878,975.22	24
25	Nassarawa	13	149,314,660.61	0.00	149,314,660.61	0.00	149,314,660.61	83,298,362.39	232,613,023.01	25
26	Niger	25	203,932,066.20	0.00	203,932,066.20	0.00	203,932,066.20	168,800,724.56	372,732,790.76	26
27	Ogun	20	170,438,574.09	0.00	170,438,574.09	0.00	170,438,574.09	124,909,208.06	295,347,782.15	27
28	Ondo	18	163,452,703.44	203,562,663.68	367,015,367.12	0.00	367,015,367.12	115,297,725.78	482,313,092.90	28
29	Osun	30	161,652,018.98	0.00	161,652,018.98	0.00	161,652,018.98	157,130,069.66	318,782,088.64	29
30	Oyo	33	203,662,022.09	0.00	203,662,022.09	0.00	203,662,022.09	200,927,981.89	404,590,003.99	30
31	Plateau	17	171,035,347.61	0.00	171,035,347.61	0.00	171,035,347.61	115,013,825.55	286,049,173.16	31
32	Rivers	23	191,212,955.12	0.00	1,112,244,960.35	0.00	1,112,244,960.35	150,605,187.25	1,262,850,147.60	32
33	Sokoto	23	181,824,413.45	921,032,055.22	181,824,413.45	0.00	181,824,413.45	144,370,174.35	326,194,587.80	33
34	Taraba	16	172,223,260.82	0.00	172,223,260.82	0.00	172,223,260.82	111,921,245.06	287,144,505.88	34
35	Yobe	17	170,926,067.01	0.00	170,926,067.01	0.00	170,926,067.01	111,445,592.14	282,371,659.15	35
36	Zamfara	14	171,445,738.45	0.00	171,445,738.45	0.00	171,445,738.45	104,627,553.54	276,073,291.99	36
37	FCT-Abuja	6	0.00	0.00	0.00	0.00	0.00	44,525,196.68	44,525,196.68	37
	SUB TOTAL		6,481,020,357.15	3,624,357,519.57	10,105,377,876.72	0.00	10,105,377,876.72	4,996,595,035.83	15,101,972,912.55
	FGN		12,777,700,314.92	0.00	12,777,700,314.92	0.00	12,777,700,314.92		12,777,700,314.92	38
	GRAND TOTAL		19,258,,720,672.07	3,624,357,519.57	22,883,078,191.64	0.00	22,883,078,191.64	4,996,595,035.83	27,879,673,227.47	41