23rd October, 2016
The state got a paltry amount of N868.9m while others receive not less than N2 billion.
A breakdown of the amounts received by each of the 36 states from the federation account in September revealed that Osun State got the least of the N143.6b distributable revenue generated for the month of September and shared by the states.
Here is what each of the 36 states got after all deductions were made.
Abia N3.01 billion, Adamawa N3.14 billion, Cross River
N2.04 billion, Ekiti N2.16 billion, Edo N2.54 billion,
Kaduna State N4.23 billion, Kano State N5.2 billion,
Lagos state N7.92 billion, Rivers N9.05 billion, and
Zamfara, N2.58 billion.
Delta N7.39 billion, Anambra N3.43 billion, Benue N3.37
billion, Borno N3.9 billion, Ebonyi N2.99 billion, Enugu
State N3.34 billion, Gombe State N2.61 billion,
Nassarawa State N2.92 billion, Imo N2.97 billion and
Kogi N3.39 billion.
Yobe got N3.29 billion, Taraba N2.89 billion, Sokoto
state N3.62 billion, Plateau N2.31 billion, Oyo State
N3.53 billion, Osun N868.9 million, Ondo State N4.18
billion, Ogun N2.16 billion, Niger N3.49 billion and Kebbi
N3.36 billion.
Also, Katsina State got N4 billion, Bayelsa N7.6 billion,
Bauchi State N3.52 billion, Jigawa N3.82 billion, Kebbi
N3.36 billion and Kwara N2.77 billion.
The report also showed that the Federal Capital Territory
got N4.7 billion from the Federal Government’s share of
the distributable revenue in September.
The breakdown shows in a report obtained from a source at the office
of the Accountant-General of the Federation in Abuja on
Sunday.
The funds are usually shared the following month; for example, revenue generated in January is shared in February; thus, the revenue shared was actually generated in August and shared in September 2016.
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 Custom Service.
At the Federation Account Allocation Committee (FAAC) meeting in September, federal, states and local governments shared N516 billion as against the N530 billion that was shared in August.
The report showed that the amount distributed included the Gross Statutory revenue, Value Added Tax, exchange gain, N35 billion excess Petroleum Profit Tax and 13 per cent derivation to oil producing states.
The oil producing states are Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers.
The report showed that before distribution, state liabilities were deducted.
The liabilities include an external debt of N2.9 billion, contractual obligations of N10.48 billion and other deductions amounting to N16.9 billion.
The report showed that other deductions covered National
Water Rehabilitation Projects, National Agricultural
Technology Support, Payment for Fertilizer, State Water
Supply Project, State Agriculture Project and National
Fadama Project.
The FAAC committee is made up of commissioners of finance and Accountants-General from the 36 states of the federation; the Accountant General of the Federation, and representatives from the NNPC.
Others are representatives from the Federal Inland Revenue Service; the Nigerian Custom Service; Revenue Mobilisation, Allocation and Fiscal Commission as well as the Central Bank of Nigeria.
The federation account is currently being managed on a legal framework that allows funds to be shared to the three tiers of government under three major components.
These components are the statutory allocation, Value Added Tax distribution and allocation made under the derivation principle.