See How Much Allocation Each State Got From The Federation Account In July

adeosun

The 36 states in July shared N145 billion from the Federation Account as their share of what the country generated as revenue from June and shared in July.

The breakdown is contained in a report obtained by the News Agency of Nigeria on Thursday from a source at the office of the Accountant-General of the Federation.

NAN recalls that at the last Federation Account Allocation Committee meeting held in July, federal, states and local governments shared N559 billion as against the N305 billion that was shared before that.

The Minister of Finance, Kemi Adeosun, attributed the increase, which is the highest for the administration, to efficiency in collection by revenue generating agencies, especially the Federal Inland Revenue Service.

However, a source at the office of the Accountant-General’s Office said the increase was simply companies paying their Company Income Tax.

The person said CIT was usually paid between June and August every year.

He said: “If you follow revenue trend, you will notice that the federation’s revenue goes up around these period, so it’s nothing new.”

The report showed that the revenue distributed included the Gross Statutory revenue, Value Added Tax, exchange gain, solid minerals revenue from 2007 to 2014 and 13 per cent derivation to oil producing states.

The report showed that before distribution, state liabilities were deducted.

The liabilities included external debt of N1.67 billion, contractual obligations of N10.62 billion and other deductions amounting to N17.1 billion.

The report showed that other deductions cover 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 N3.55 billlion,
Adamawa N3.53 billion,
Cross River N2.65 billion,
Ekiti N2.42 billion,
Edo N2.9 billion,
Kaduna N4.79 billion,
Kano N5.95 billion,
Lagos N8.30 billion,
Rivers N6.82 billion
and Zamfara, N2.95 billion.
Delta N5.1 billion,
Anambra N3.82 billion,
Benue N3.89 billion,
Borno N4.2 billion,
Ebonyi N3.40 billion,
Enugu N3.72 billion,
Gombe N2.89 billion,
Nassarawa N3.31 billion,
Imo N3.7 billion
and Kano N3.89 billion.
Yobe got N3.67 billion,
Taraba N3.36 billion,
Sokoto N4.08 billion,
Plateau N2.81 billion,
Oyo N4.13 billion,
Osun N1.2 billion,
Ondo N3.7 billion,
Ogun N2.83 billion,
Niger N3.82 billion
and Kebbi N3.78 billion.
Also, Katsina got N4.49 billion,
Bayelsa N4.98 billion,
Bauchi N4 billion,
Jigawa N4.25 billion,
Kebbi N3.78 billion
and Kwara N3.07 billion.

The report also showed that the Federal Capital Territory got N5.2 billion from the Federal Government’s share of the distributable revenue for the month of June, shared in July, 2016.

NAN.

See How Much Allocation Each State Got From The Federation Account In July on Naijaloaded |/a>.

Source

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *