Pulse Infographics: How Nigerian government shared N2.53 trillion in 7 months

How Nigerian government shared N2.53 trillion in 7 months

Illustration of how the proceeds from the country's revenue were shared from January to July, 2016

Total revenue generated – N2.73trn

Total revenue shared – N2.53trn

Deductions: Cost of collection to NCS, FIRS, DPR

Sharing formula

Federal government – N1.1trn (52.68%)

States – N727.5bn (26.72%)

Local governments – N544.9bn (20.6%)

Additional revenue shared by oil producing states – N148.1bn (13%)

Revenue sources

Mineral earnings (NNPC, DPR)

Non-mineral earnings (Costums, FIRS)

Exchange gains

Petroleum profit tax

NNPC refunds

Import duty

Breakdown

January

Total shared – N417.1bn

Federal government – 180.3bn

States – 113.5bn

Local govts – 85.4bn

Additional revenue shared by oil producing states – 208.2bn

February

Total shared – N370.3bn

Federal government – 155.4bn

States – 104bn

Local govts – 77.8bn

March

Total shared – N345.1bn

Federal government – 144.5bn

States – 96.4bn

Local govts – 72.1bn

Additional revenue shared by oil producing states – 23.2bn

April

Total shared – N306bn

Federal government – 126bn

States – 86.9bn

Local govts – 64.7bn

Additional revenue shared by oil producing states – 20.1bn

May

Total shared – N289.4bn

Federal government – 118.9bn

States – 83.7bn

Local govts – 62.2bn

Additional revenue shared by oil producing states – 16bn

June

Total shared – N311bn

Federal government – 129.7bn

States – 89.1bn

Local govts – 66.4bn

Additional revenue shared by oil producing states – 17bn

July

Total shared – N691.7bn

Federal government – 255.6bn

States – 153.9bn

Local governments – 116.3bn

Additional revenue shared by oil producing states – 20.9bn

 

*Some states decided not to benefit from it due to buoyancy

 

Data: NAN

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