FG, States & LG Shares N2.8 trillion In One Years

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The 36 states and the 774 local government councils of the federation shared N2.8 trillion from the Federation Account in the first year of President Muhammadu Buhari’s administration, with Lagos, Akwa Ibom, Delta and Kano states emerging the top earners.

This is according a report by the Economic Confidential, an economic intelligence magazine.

The magazine also listed Gombe, Ebonyi, Ekiti and Nasarawa states as the least earning states in the one year of the Buhari administration.

It reported that the two tiers of government – states and local governments – were paid the total sum of N2.8trillion at the monthly meeting of the Federation Account Allocation Committee (FAAC) between June 2015 when Buhari administration took office and May 2016.

In the magazine’s report, Lagos State was the highest recipient with N178billion in the 12 months under review. It is followed by Akwa Ibom State, N173 billion; Delta State, N144 billion, and Kano State, N117 billion. The five states received 25 per cent of the total allocation for the states and local government councils in Nigeria within the year period.

The 10 highest recipients from the Federation Account are Bayelsa State, N95 billion; Katsina State, N88 billion; Oyo State, N84 billion; Kaduna State, N83 billion and Borno State, N78 billion.

The lowest recipients are Gombe and Ebonyi states that got N49 billion each, followed by Ekiti and Nasarawa states with N50 billion each, and Kwara, N52 billion.

The report further disclosed that Edo and Ondo, which are oil-producing states, got N66 billion and N71 billion respectively, while another state in the South-South, Cross River State, received N59 billion.

The Economic Confidential gathered that factors that influence allocation to states and local government councils from the Federation Account include: Population, Derivation, Landmass, Terrain, Revenue Effort, School Enrolments, Health Facilities, Water Supply and Equality of the beneficiaries.

Meanwhile, the Economic Confidential, which has been publishing the monthly Federation Account Allocation figures in the print edition of the magazine since January 2007, has commenced the publication of the monthly allocation in its online version.

 

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