The 36 states got N143.6bn from the federation
account in September as their share of
distributable revenue generated for the month.
The breakdown shows in a report obtained by the
News Agency of Nigeria, NAN, from a source at
the office of the Accountant-General of the
Federation in Abuja yesterday.
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, Federal Inland
Revenue Service, FIRS, and Nigerian Custom
Service, NCS.
At the Federation Account Allocation Committee,
FAAC, meeting in September, federal, states and
local governments shared N516bn as against the
N530bn that was shared in August.
The report showed that the amount distributed
included Gross Statutory revenue, Value Added
Tax, exchange gain, N35bn 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 N2.9bn, contractual obligations
of N10.48bn and other deductions amounting to
N16.9bn.
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.
To sum it up, here is what the 36 states got after
all deductions were made. Abia N3.01bn,
Adamawa N3.14bn, Cross River N2.04bn, Ekiti
N2.16bn, Edo N2.54bn, Kaduna N4.23bn, Kano
N5.2bn, Lagos N7.92bn, Rivers N9.05bn, and
Zamfara, N2.58bn.
Also, Delta got N7.39bn, Anambra N3.43bn,
Benue N3.37bn, Borno N3.9bn, Ebonyi N2.99bn,
Enugu N3.34bn, Gombe N2.61bn, Nassarawa
N2.92bn, Imo N2.97bn and Kogi N3.39bn.
Yobe got N3.29bn, TarabaN2.89bn, Sokoto
N3.62bn, Plateau N2.31bn, Oyo N3.53bn, Osun
N868.9m, Ondo N4.18bn, Ogun N2.16bn, Niger
N3.49bn and Kebbi N3.36bn.
The rest are, Katsina N4bn, Bayelsa N7.6bn,
Bauchi N3.52bn, Jigawa N3.82bn and Kwara
N2.77bn.
The report also showed that the Federal Capital
Territory got N4.7bn from the Federal
Government’s share of the distributable revenue.
The FAAC committee is made up of
Commissioners of Finance and Accountants-
General from the 36 states of the federation;
Accountant General of the Federation, and
representatives from NNPC.
Others are representatives from the FIRS; NCS;
Revenue Mobilisation, Allocation and Fiscal
Commission, RMAFC, 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.
