It has been revealed that a total of N8.8 trillion accrued to the three tiers of government from the Federation Account between January and December 2012 from the statutory and VAT allocations. This is according to a report by an authoritative online medium, Economic Confidential magazine. This amount excludes other allocations such as derivation (for oil-producing states), excess crude account, domestic crude account, subsidy reinvestment programme (SURE-P), Nigerian National Petroleum Corporation refund and foreign exchange differentials.
The statistics provided by the medium showed that South-South states received the highest allocations, with Akwa-Ibom receiving N217,776,188,886.07, followed by Rivers State which received N177,488,261,117.17. Bayelsa State got N115,743,144,031.67; Delta State got a total of N156,052,071,645.19, while Edo State got N68,169,040,433.24. Cross River State N63,894,575,941.74
In the Southwest, Lagos State got a total of N168,688,367,207.00 (the highest in the region), followed by Oyo State, which received a total of N93,524,683,879.60. Other states in the region: Ondo, got N78,416,358,272.47 (apart from 13 per cent derivation funds); Osun, N72,200,789,928.64; Ogun, N68,975,959,765.69 and Ekiti, N50,303,046,508.
In the North-Central, Niger State got the highest, with a total allocation of N79,747,942,955.64, followed by Benue State, which got N74,603,841,100.92. Plateau got a total of N59,990,295,696.88; Kogi N70,564,808,263.64; Kwara N52,393,463,610.54 and Nassarawa, N49,262,377,875.93; FCT, N19,130,584,542.15.
Allocations to the five South-East states are as follows: Abia, N63,964,695,387.15; Anambra, N71,968,922,762.11; Enugu, N62,548,484,175.02; Ebonyi, N45,335,956,658.49 and Imo N77,410,109,305.85.
In Northwest, Sokoto State received N74,313,032,890.28; Kebbi, N63,796,638,658.10; Kaduna, N81,046,716,051.44; Kano, N130,005,314,633.13; Katsina, N96,823,335,677.90; Zamfara, N58,718,959,085.4 and Jigawa N81,595,023,492.97.
Borno State in the Northeast received N86,937,123,465.06; Taraba State, N64,934,346,702.87; Yobe, N63,558,436,853.11; Adamawa, N69,270,963,933.11; Bauch, N78,754,834,467.25 and Gombe, N48,750,924,392.47.
The Federal Government got a whopping N2,430,374,155,844.59. Although the figures include allocations to the 774 local governments, they were not separated from those of the states because a common practice in almost all the states is the lack of fiscal freedom for the councils. “The states help the local governments to spend their money” was how a financial analyst put it during the week. The online medium also noted that the disparity in the allocations to the states came as a result of the indices developed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), upon which the monthly disbursements are made by the Federation Accounts Allocation Committee (FAAC) chaired by the Minister of State for Finance. The indices include population, land mass, derivation, equality, internally generated revenue and other social development factors like school enrollment, hospital beds and road networks.
Source: Tribune
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