MON, JANUARY 21 2019-theG&BJournal-Delta State received a gross total of N18,176,481,254.13 from the Federation Account Allocation Committee (FAAC) in December 2018. The amount is inclusive of N14,361,386,530.04 share from 13% Share of Derivation (Net). Akwa –Ibom-N14,812,072,768.11, Rivers, N13,055,942,741.98, where the other top recipients alongside Delta.
In total, FAAC disbursed the sum of N812.76bn to the three tiers of government in December 2018 from the revenue generated in November 2018.
The amount disbursed comprised of N649.63bn from the Statutory Account, N92.08bn from Valued Added Tax (VAT), N1.05bn exchange gain allocation and the distribution of N70bn from the FOREX equalisation fund.
Federal government received a total of N326.75bn from the N812.76bn. States received a total of N203.21bn and Local governments received N153.53bn. The sum of N57.09bn was shared among the oil producing states as 13% derivation fund.
Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N5.01bn, N9.65bn and N3.53bn respectively as cost of revenue collections.
Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N268.65bn was disbursed to the FGN consolidated revenue account; N5.95bn shared as share of derivation and ecology; N2.98bn as stabilization fund; N9.99bn for the development of natural resources; and N6.79bn to the Federal Capital Territory (FCT) Abuja.
Summary of Gross Revenue Allocation by FAAC for the Month of November, 2018 Shared in December, 2018
FCT Abuja N998,090,343.55 Net Total: N2,284,311,448.18
STATES Gross Statutory Allocation | | Gross Total
Abia N3,518,367,765.22 N4,127,750,790.42
Adamawa N3,742,938,261.22 N3,742,938,261.22
Akwa –Ibom N3,777,721,092.32 N14,812,072,768.11
Anambra N3,735,926,307.04 N3,735,926,307.04
Bauchi N4,494,444,515.58 N4,494,444,515.58
Bayelsa N3,324,611,475.47 N12,241,868,091.20
Benue N4,213,832,272.37 N4,213,832,272.37
Borno N4,668,322,256.56 N4,668,322,256.56
Cross River N3,778,365,350.04 N3,778,365,350.04
Delta N3,815,094,724.09 N18,176,481,254.13
Ebonyi N3,361,524,902.39 N3,361,524,902.39
Edo N3,513,332,272.61 N5,153,649,590.32
Ekiti N3,359,628,013.48 N3,359,628,013.48
Enugu N3,778,691,448.48 N3,778,691,448.48
Gombe N3,539,159,539.61 N3,539,159,539.61
Imo N3,906,610,624.71 N4,574,409,026.82
Jigawa N4,201,922,120.52 N4,201,922,120.52
Kaduna N4,923,040,491.61 N4,923,040,491.61
Kano N5,959,888,596.59 N5,959,888,596.59
Katsina N4,618,744,044.21 N4,618,744,044.21
Kebbi N3,967,524,177.12 N3,967,524,177.12
Kogi N4,152,800,055.96 N4,152,800,055.96
Kwara N3,344,649,493.40 N3,344,649,493.40
Lagos N5,033,512,555.20 N5,033,512,555.20
Nasarawa N3,465,064,061.99 N3,465,064,061.99
Niger N4,450,720,509.06 N4,450,720,509.06
Ogun N3,490,799,098.89 N3,490,799,098.89
Ondo N3,497,714,762.85 N5,145,735,114.37
Osun N3,426,805,812.81 N3,426,805,812.81
Oyo N4,214,297,850.66 N4,214,297,850.66
Plateau N3,923,650,176.46 N3,923,650,176.46
Rivers N4,052,202,204.94 N13,055,942,741.98
Sokoto N4,140,982,783.52 N4,140,982,783.52
Taraba N3,619,391,966.85 N3,619,391,966.85
Yobe N3,731,128,498.32 N3,731,128,498.32
Zamfara N3,739,074,712.55 N3,739,074,712.55
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