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Economic Confidential,
September, 2009
FACTS AND FIGURES
FAAC: How They Share N310bn in August 2009
Gross summary of Statutory Revenue and VAT
The Economic Confidential has confirmed that four different
allocations where made at the meeting of the Federation Account
Allocation Committee in August 2009. The allocations are: Gross
Summary of statutory Revenue and VAT, Distribution of the Sum of
N33.bn being exchange difference, distribution of $2billion from
Excess Crude Oil Saving Account and distribution of the sum of N27bn
from excess crude proceeds.
The Economic Confidential magazine provides here the
distribution of a total sum of N310 billion being the Statutory and
VAT allocations shared to all tiers of government at the 2009 August
meeting of the monthly Federation Account Allocation Committee (FAAC).
From the total disbursement of nets after deductions, the highest
recipients are from the oil producing states with Rivers receiving
N10.2bn, Akwa Ibom N10.6bn, Delta N9.1bn and Bayelsa N4.5bn. The
highest recipients from non-oil –producing states are Lagos N10bn
and Kano N6.5bn.
The lowest recipients as revealed in the table below are Gombe
N2.9bn, Nasarawa N2.8bn, Ebonyi N2.8bn and Ekiti N2.9bn. The
Economic Confidential can also confirm other disbursements
in August 2009: Federal Government N128bn, FCT Councils N851
million, Nigerian Customs Service (NCS) N2bn, and Federal Inland
Revenue Service (FIRS) N4.5bn. Please check Facts and Figures of
this magazine to see the other allocation.
|
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) |
S/NO |
|
|
|
|
=N= |
=N= |
=N= |
=N= |
=N= |
=N= |
=N= |
|
|
1 |
ABIA |
17 |
1,873,290,877.64 |
1,848,460,284.81 |
456,277,364.73 |
1,019,295,097.71 |
1,019,295,097.71 |
272,343,975.13 |
3,596,376,722.38 |
1 |
|
2 |
ADAMAWA |
21 |
1,705,997,630.71 |
1,695,438,754.35 |
480,016,371.06 |
1,311,733,559.09 |
1,311,733,559.09 |
328,768,397.00 |
3,815,957,081.50 |
2 |
|
3 |
AKWA IBOM |
31 |
7,893,239,606.65 |
7,809,249,367.49 |
613,420,579.44 |
1,729,912,691.98 |
1,729,912,691.98 |
516,322,447.85 |
10,668,905,086.75 |
3 |
|
4 |
ANAMBRA |
21 |
1,723,189,341.36 |
1,673,491,442.41 |
551,494,205.29 |
1,300,323,909.72 |
1,300,323,909.72 |
376,916,177.26 |
3,902,225,734.68 |
4 |
|
5 |
BAUCHI |
20 |
1,998,592,893.73 |
1,870,863,070.54 |
538,033,841.12 |
1,503,908,330.09 |
1,503,908,330.09 |
359,699,683.07 |
4,272,504,924.83 |
5 |
|
6 |
BAYELSA |
8 |
3,915,001,105.37 |
3,394,806,119.16 |
434,820,041.39 |
553,310,312.79 |
553,310,312.79 |
164,424,384.36 |
4,547,360,857.70 |
6 |
|
7 |
BENUE |
23 |
1,842,226,530.75 |
1,831,322,421.25 |
542,963,210.38 |
1,529,169,482.07 |
1,529,169,482.07 |
391,863,889.24 |
4,295,319,002.93 |
7 |
|
8 |
BORNO |
27 |
2,032,643,727.22 |
2,020,448,151.28 |
521,039,382.93 |
1,757,435,587.77 |
1,757,435,587.77 |
418,264,420.36 |
4,717,187,542.33 |
8 |
|
9 |
CROSS RIVER |
18 |
1,601,500,169.95 |
1,173,158,567.43 |
454,997,900.48 |
1,092,124,225.30 |
1,092,124,225.30 |
281,811,294.16 |
3,002,091,987.37 |
9 |
|
10 |
DELTA |
25 |
7,094,192,903.50 |
6,757,633,903.91 |
558,423,183.00 |
1,443,502,604.09 |
1,443,502,604.09 |
421,480,859.19 |
9,181,040,550.19 |
10 |
|
11 |
EBONYI |
13 |
1,414,338,194.35 |
1,392,872,152,53 |
423,521,739.22 |
778,064,302.05 |
778,064,302.05 |
209,252,028.05 |
2,803,710,221.85 |
11 |
|
12 |
EDO |
18 |
2,006,109,750.78 |
1,886,987,596.87 |
507,968,939.51 |
1,093,095,801.37 |
1,093,095,801.37 |
316,230,068.05 |
3,804,282,405.79 |
12 |
|
13 |
EKITI |
16 |
1,426,654,368.17 |
1,403,841,435.48 |
431,957,933.86 |
889,181,210.67 |
889,181,210.67 |
245,538,302.66 |
2,970,518,882.67 |
13 |
|
14 |
ENUGU |
17 |
1,609,608,650.10 |
1,578,550,695.41 |
480,921,334.44 |
1,053,510,730.90 |
1,053,510,730.90 |
289,164,825.06 |
3,402,147,585.81 |
14 |
|
15 |
GOMBE |
11 |
1,513,095,405.67 |
1,503,463,013.90 |
432,548,501.88 |
768,746,034.21 |
768,746,034.21 |
195,268,255.40 |
2,900,025,805.40 |
15 |
|
16 |
IMO |
27 |
2,056,410,707.00 |
1,677,578.226.74 |
503,608,940.18 |
1,525,406,328.65 |
1,525,406,328.65 |
406,615,834.20 |
4,113,209,329.76 |
16 |
|
17 |
JIGAWA |
27 |
1,887,552,107.61 |
1,862,275,826.53 |
543,278,228.15 |
1,600,384,967.43 |
1,600,384,967.43 |
432,891,524.43 |
4,438,830,546.54 |
17 |
|
18 |
KADUNA |
23 |
2,151,264,501.21 |
2,069,823,877.90 |
626,670,380.23 |
1,716,518,610.27 |
1,716,518,610.27 |
450,223,857.11 |
4,863,236,725.50 |
18 |
|
19 |
KANO |
44 |
2,696,202,791.57 |
2,013,817,707,07 |
877,591,413.27 |
2,817,046,760.44 |
2,817,046,760.44 |
830,839,068.74 |
6,539,294,949.52 |
19 |
|
20 |
KATSINA |
34 |
2,050,454,158.49 |
1,990,655,764.51 |
618,535,002.79 |
2,059,562,293.59 |
2,059,562,293.59 |
555,483,832.08 |
5,224,236,892.96 |
20 |
|
21 |
KEBBI |
21 |
1,715,084,964.37 |
1,684,994,017.74 |
484,651,301.70 |
1,279,346,363.72 |
1,279,346,363.72 |
331,904,806.26 |
3,780,896,489.42 |
21 |
|
22 |
KOGI |
21 |
1,710,804,259.27 |
1,432,266,477.38 |
724,784,367.02 |
1,326,000,584.36 |
1,326,000,584.36 |
483,586,946.08 |
3,966,638,374.85 |
22 |
|
23 |
KWARA |
16 |
1,559,002,136.70 |
1,501,996,661.08 |
233,215,025.99 |
1,018,334,799.68 |
1,018,334,799.68 |
246,292,467.50 |
2,999,838,954.25 |
23 |
|
24 |
LAGOS |
20 |
2,435,539,237.25 |
1,958,743,420.77 |
3,878,248,796.36 |
1,711,158,824.32 |
1,711,158,824.32 |
2,480,982,930.95 |
10,029,133,972..40 |
24 |
|
25 |
NASSARAWA |
13 |
1,460,706,592.99 |
1,413,067,534.46 |
429,103,956.97 |
814,886,271.91 |
814,886,271.91 |
211,847,115.58 |
2,868,904,878.92 |
25 |
|
26 |
NIGER |
25 |
1,995,104,504.23 |
1,789,750,319.73 |
520,661,208.24 |
1,651,333,701.98 |
1,651,333,701.98 |
397,203,692.15 |
4,358,948,922.10 |
26 |
|
27 |
OGUN |
20 |
1,667,356,359.04 |
1,605,216,304.63 |
519,423,201.73 |
1,221,954,381.34 |
1,221,954,381.34 |
345,205,598.33 |
3,691,799,486.04 |
27 |
|
28 |
ONDO |
18 |
2,833,731,340.29 |
2,801,957,797.78 |
482,102,206.02 |
1,127,927,743.37 |
1,127,927,743.37 |
300,570,261.82 |
4,712,558,008.99 |
28 |
|
29 |
OSUN |
30 |
1,581,399,769.64 |
1,545,219,396.91 |
495,129,203.29 |
1,537,162,712.36 |
1,537,162,712.36 |
430,064,965.28 |
4,007,576,277.84 |
29 |
|
30 |
OYO |
33 |
1,992,372,732.79 |
1,815,090,341.71 |
630,382,708.41 |
1,965,626,326.68 |
1,965,626,326.68 |
552,249,888.12 |
4,963,349,264.93 |
30 |
|
31 |
PLATEAU |
17 |
1,673,194,439.56 |
1,508,740,560.72 |
482,596,529.50 |
1,125,150,421.08 |
1,125,150,421.08 |
290,618,177.30 |
3,408,105,688.60 |
31 |
|
32 |
RIVERS |
23 |
7,457,136,253.05 |
7,427,785,153.98 |
810,121,274.83 |
1,473,331,480.33 |
1,473,331,480.33 |
563,374,665.05 |
10,274,612,574.19 |
32 |
|
33 |
SOKOTO |
23 |
1,778,741,072,07 |
1,759,449,089.43 |
535,082,254.40 |
1,412,335,966.44 |
1,412,335,966.44 |
385,327,171.14 |
4,092,194,481.41 |
33 |
|
34 |
TARABA |
16 |
1,684,815,486.41 |
1,492,983,782.23 |
427,202,229.27 |
1,124,244,730.13 |
1,124,244,730.13 |
242,286,922.03 |
3,286,717,663.66 |
34 |
|
35 |
YOBE |
17 |
1,672,125,375.79 |
1,646,032,550.92 |
435,828,134.12 |
1,090,243,319.28 |
1,090,243,319.28 |
257,904,071.15 |
3,430,008,075.48 |
35 |
|
36 |
ZAMFARA |
14 |
1,677,209,186.70 |
1,666,329,125.00 |
470,822,027.27 |
1,023,544,216.18 |
1,023,544,216.18 |
252,466,928.09 |
3,413,162,296.53 |
36 |
|
37 |
FCT-ABUJA |
6 |
0.00 |
0.00 |
0.00 |
435,578,449.43 |
435,578,449.43 |
415,620,312.74 |
851,198,762.17 |
37 |
|
38 |
STATE'S-TOTAL |
774 |
85,385,799,132.99 |
80,504,360,914.05 |
22,158,442,918.49 |
48,880,393,132.74 |
48,880,393,132.74 |
15,650,910,042.95 |
167,194,107,008.23 |
38 |
|
39 |
FGN |
|
125,000,927,681.21 |
122,078,066,846.49 |
6,707,532,875.55 |
0.00 |
0.00 |
0.00 |
128,785,599,722.03 |
39 |
|
40 |
FCT-ABUJA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
40 |
|
41 |
Less:Cost of Collection-NCS |
|
2,011,676,755.38 |
2,011,676,755.38 |
0.00 |
0.00 |
0.00 |
0.00 |
2,011,676,755.38 |
41 |
|
42 |
Transfer to Excess Crude Acct |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
42 |
|
43 |
Less: 4%Cost of Collection – FIRS VAT |
|
2,643,145,614.31 |
2,643,145,614.31 |
1,863,203,576.54 |
0.00 |
0.00 |
0.00 |
4,506,349,190.85 |
43 |
|
44 |
|
|
|
|
|
|
|
|
|
44 |
|
45 |
TOTAL DEDUCTION |
|
0.00 |
7,804,299,053.67 |
0.00 |
0.00 |
0.00 |
0.00 |
7,804,299,053.67 |
45 |
|
46 |
Local Government |
|
48,880,393,132.74 |
48,880,393,132.74 |
15,650,910,042.95 |
0.00 |
0.00 |
0.00 |
0.00 |
46 |
|
49 |
Less: FIRS Stamp Duty Refunds |
|
0.00 |
0.00 |
200,000,000.00 |
0.00 |
0.00 |
0.00 |
200,000,000.00 |
49 |
|
|
GRAND TOTAL |
|
263,921,942,316.64 |
263,921,942,316.64 |
46,580,089,413.53 |
48,880,393,132.74 |
48,880,393,132.74 |
15,650,910,042.95 |
310,502,031,730.17 |
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This table is provided by the Economic Confidential (www.economiconfidential).
See more tables in other pages of the magazine.
Tables of
other Allocation in August 2009
How FG, States Share $2billon
Dollar in August... Imo and Abia Benefit as Oil States
Excess Crude Account:
Distribution of N27bn in August
Exchange Difference: The
Sharing of N33bn in August |
