[size=14pt]Federation Account Allocation: Who is Short-Changing Who? [/size]
By Torunarigha Kenny Cash.



"IT IS MORE THAN OBVIOUS NOW THAT THE WEALTH AND RESOURCES OF THE SOUTH-SOUTH AND THE YORUBA PEOPLE ARE BEING USED TO FUND DEVELOPMENT IN OTHER REGIONS OF NIGERIA. THE REASON WHY WE LACK QUALITATIVE HEALTHCARE FOR IJAW'S CITIZENS AND RESIDENTS, AFFORDABLE HOUSING, JOB OPPORTUNITIES, SOCIAL BENEFITS ETC."

I have read numerous claims from the Igbos in the last two weeks over the Federation Account Allocation for the Month of May 2013. They all claimed South-East received the lowest allocation. To them, this is injustice. But in reality,the Igbo, Hausa/Fulani, Kanuri, earned more allocation than they contributed to the national economy.

The Yoruba and South-South have earned the least, below what they contributed to the Federation Account.

For the month of May 2013, the Federal Government of Nigeria made N1.6 trillion as revenues. These revenues come from all the six geopolitical zones of Nigeria. The Igbos have deliberately concentrated their twisted argument on what was shared to the geopolitical zones as follows:

1] South-South -N285 Billion.
2] North-West -N157 Billion.
3] South-West -N127 Billion.
4] North-East -N109 Billion.
5] North-Central -N105 Billion.
6] South-East -N85 Billion.
7] FCT Abuja -N3.2 Billion.
8] Federal Government -N730 Billion.
9] NCS/FIR -N6 Billion.

10 ] TOTAL ALLOCATION: N1.6 Trillion.

The Igbos have completely ignored the argument of how much each geopolitical zones of Nigeria contributed to the Federation Account. I present you the details of how much was contributed by each geopolitical zones to the Federation Account:

1] South-South -N479 Billion.
2] North-West -N20 Billion.
3] South-West -N339 Billion.
4] North-East -N5 Billion.
5] North-Central -N15 Billion.
6] South-East - N10 Billion.
7] FCT Abuja -N 0 Billion.
8] Federal Government -N 0 Billion.
9] NCS/FIR -N 0 Billion.

10] TOTAL CONTRIBUTION: N1.6 Trillion.

The argument now is not how much was allocated to each geopolitical zones of Nigeria or how much was contributed by each zones, but to know which zone(s) is at the receiving end of our flawed unitary system. This brings us to Contributions Versus Allocations.

1] South-South contributed N479 Billion to the Federation Account. The zone was allocated N285 Billion. It made a loss of N194 Billion.

2] South-West contributed N339 Billion to the Federation Account. The zone was allocated N127 Billion. It made a loss of N212 Billion.

3] South-East contributed N10 Billion to the Federation Account. The zone was allocated N85 Billion. It made a gain of N75 Billion.

4] North-West contributed N20 Billion to the Federation Account. The zone was allocated N157 Billion. It made a gain of N137 Billion.

5] North-East contributed N5 Billion to the Federation Account. The zone was allocated N109 Billion. It made a gain of N104 Billion.

6] North-Central contributed N15 Billion to the Federation Account. The zone was allocated N105 Billion. It made a gain of N90 Billion.

It is more than obvious now that the wealth and resources of the South-South and the Yoruba people are being used to fund development in other regions of Nigeria. The reason why we lack qualitative healthcare for Ijaw's citizens and residents, affordable housing, job opportunities, social benefits etc.

We must demand for fiscal federalism or outright division of Nigeria for the Ijaw's are suffering when our wealth and resources are used to developed other people will we suffer...( A.Grandson )

- See more at: http://nigerdeltastandard.com/Post-federation_account_allocation__who_is_short_changing_who_#sthash.710oaz1z.dpuf

ImHotep-X:
Big ups to "Nepa_light" for the expose!!

It's now obvious that Northerners and Igbo's are the biggest beneficiaries of Nigeria - the leeches.

SS and SW are being shortchanged for these leeches and it has to stop!

For the month of May 2013, the Federal Government of Nigeria made N1.6 trillion as revenues.

THE Federal Government raked into its coffers N826.36 billion as gross earnings for the month of May 2013, which was below the provisional monthly budget estimate by 12.6 per cent, but exceeded the receipt in the preceding month by 2.5 per cent.

4 Play:

It's baffling why Nigerians seem to be mendacious oafs reasoning as if the brain damaged offsprings of syphilitic mothers. Information about Govt revenue is available on the net and to the best of my knowledge, is not grouped by geo-political region.


[url]http://www.ngrguardiannews.com/business-news/127164-govt-earns-n86236-billion-revenue-in-may
[/url]

Since when did Govt revenue reach 1.6 trillion per month? That's $9.9bn per month or $118 bn per year.

1] South-South -N479 Billion.
2] North-West -N20 Billion.
3] South-West -N339 Billion.
4] North-East -N5 Billion.
5] North-Central -N15 Billion.
6] South-East - N10 Billion.
7] FCT Abuja -N 0 Billion.
8] Federal Government -N 0 Billion.
9] NCS/FIR -N 0 Billion.

Nepa Light:

Stop yapping nonsense and do the maths yourself. The 1.6 T has been debunked by the author as typo. I can't locate it from his Facebook page. [/b]but then

Summing the above will give you [b]868 billion naira.

By the way, how much did south east contributed to federation account in May 2013? Why do you people love awoof like this? Giving 10 and collecting 85 is not good. LMAO!!

However, at N648.63 billion, the gross oil receipts, which constituted 78.5 per cent of the total revenue of government, was 0.6 per cent and 4.5 per cent above the provisional monthly budget estimate and the level in the preceding month (April), respectively.

4 Play:

Typo, sure it is. Must be why 1.6 trillion was brainlessly repeated 3 times. Govt revenue is broken down by component, oil and non-oil, not geo-political region. Only 21.5% of Govt revenue was non-oil: So it's interesting that all the other regions outside the "South-South" contributed, according to the article, 45% of revenue. What is the 45% made up of?

http://www.ngrguardiannews.com/business-news/127164-govt-earns-n86236-billion-revenue-in-may

Realdeals: How true?

Ngwakwe: Do you know that if Lagos State is removed from South West to remain five States equivalent to five South East States, the Economy of South East is higher than those of five SW States?.

cKaiser:

[size=14pt]Budgets of the states[/size]

Anambra 111bn
http://www.vanguardngr.com/2013/03/anambra-house-passes-n110-9bn-budget-for-2013/
Imo 197bn
http://www.vanguardngr.com/2012/12/okorocha-presents-2013-budget-to-assembly/
Enugu 83bn
http://dailypost.com.ng/2013/03/06/chime-signs-n83billion-enugu-2013-budget-into-law/
Ebonyi 104bn
http://www.vanguardngr.com/2013/01/gov-elechi-signs-2013-budget/
Abia 137bn
http://www.vanguardngr.com/2012/12/abia-assembly-passes-n137bn-budget-for-2013/
[size=14pt]Total of all SE States 632bn[/size]


OYO 160BN
OGUN 211BN
ONDO 152BN
EKITI 97BN
OSUN 183BN

[size=14pt]TOTAL 803BN[/size]

You would notice I excluded Lagos state so as not to cause confusion, Cos lagos State budget alone is just a little shy of the total budget of the whole Southeast

cKaiser:

[size=14pt]Budgets of the states[/size]

Anambra 111bn
http://www.vanguardngr.com/2013/03/anambra-house-passes-n110-9bn-budget-for-2013/
Imo 197bn
http://www.vanguardngr.com/2012/12/okorocha-presents-2013-budget-to-assembly/
Enugu 83bn
http://dailypost.com.ng/2013/03/06/chime-signs-n83billion-enugu-2013-budget-into-law/
Ebonyi 104bn
http://www.vanguardngr.com/2013/01/gov-elechi-signs-2013-budget/
Abia 137bn
http://www.vanguardngr.com/2012/12/abia-assembly-passes-n137bn-budget-for-2013/
[size=14pt]Total of all SE States 632bn[/size]


OYO 160BN
OGUN 211BN
ONDO 152BN
EKITI 97BN
OSUN 183BN

[size=14pt]TOTAL 803BN[/size]

You would notice I excluded Lagos state so as not to cause confusion, Cos lagos State budget alone is just a little shy of the total budget of the whole Southeast

cjrane: [size=23pt]Please source of the data?

Not the blog site where the mischief makers have posted? It is like using Nairaland as a source website.

Only the Niger Delta are contributes the money used to run Nigeria. The yoruba people have contributed Zero! That is why they have continued to oppose true fiscal federalism in Nigeria.But their wayward children try to confuse the fact by posting their own pathetic blog as source

Shameless deceivers! [/size]

Awake9ja:

I love what u did but pls give us the source of your SW budget the way you give us SE own.

when ibos complain about shearing formula cheating, they never say the yorubas are doing it against ibos instead they say the nation does it. What the ibos complain about is right. if we refuse to go back to true federalism then you must give them their full shear.

We all knew that federal government refuse to invest anything profitable in SE until GEJ.
Divide this nation or give every region equal Abuja handout except ND .

IGBO-SON:
All you've done here is to expose the results of the grand scheme to render Ndigbo economically marginalised by your kind! You should expect those figures you have up there when there's been no international gateway in the South East; no dredging of River Niger all these decades to facilitate the emergence of a thriving river port at Onitsha (and Oguta).....which would have been a money-spinner by now if it had been in operation these past 4 decades; when the oyel bearing communities in the South East are sliced, diced and placed in other zones just to deny Igbo states the 13% revenue they would have gained from these wells; when there's been no plans or intention to build a deep sea port at Ibaka (until the coming of GEJ) which would benefit the whole Eastern Region and would have spurred on economic growth in the area; when commercial and industrial cities like Onitsha, Aba and Nnewi are neglected by the centre as it concentrates all efforts in Lagos (with Ogun benefitting by its proximity); propping it up with the only int'l gateway for decades (by sea and air), hence attracting businesses, industries, int'l investors and visitors to one region while others are left to struggle and get by on 'localised effort' alone; when oyel discoveries in the South East are not allowed to be exploited (until the coming of GEJ) under the guise of them being national reserves (or some silly thing of that nature), while billions are spent trying to find oyel in the north!

Dude i could go on and on! This is just the wickedness out in the open.....the one we know of! You can bet your last naira that a lot more subterfuge and wuruwuru would have been going on behind the scenes to emasculate Ndigbo by hateful bastards such as yourself!


PS- have a lovely sunday!

IGBO-SON:
All you've done here is to expose the results of the grand scheme to render Ndigbo economically marginalised by your kind! You should expect those figures you have up there when there's been no international gateway in the South East; no dredging of River Niger all these decades to facilitate the emergence of a thriving river port at Onitsha (and Oguta).....which would have been a money-spinner by now if it had been in operation these past 4 decades; when the oyel bearing communities in the South East are sliced, diced and placed in other zones just to deny Igbo states the 13% revenue they would have gained from these wells; when there's been no plans or intention to build a deep sea port at Ibaka (until the coming of GEJ) which would benefit the whole Eastern Region and would have spurred on economic growth in the area; when commercial and industrial cities like Onitsha, Aba and Nnewi are neglected by the centre as it concentrates all efforts in Lagos (with Ogun benefitting by its proximity); propping it up with the only int'l gateway for decades (by sea and air), hence attracting businesses, industries, int'l investors and visitors to one region while others are left to struggle and get by on 'localised effort' alone; when oyel discoveries in the South East are not allowed to be exploited (until the coming of GEJ) under the guise of them being national reserves (or some silly thing of that nature), while billions are spent trying to find oyel in the north!

Dude i could go on and on! This is just the wickedness out in the open.....the one we know of! You can bet your last naira that a lot more subterfuge and wuruwuru would have been going on behind the scenes to emasculate Ndigbo by hateful bastards such as yourself!


PS- have a lovely sunday!

kettykin: How come Ogun state is having more industries than Oyo state and Ogun state is becoming heavily industrialized if not that the as a result of the limited land space in Lagos and the growth induced expansion of companies wholly owned by Non Yorubas an encroachment into the land adjoining ogun state has to be there.

By large the Business men who are investing in these industries have lagos on their mind but as a result of Lack of space in Lagos now have to move towards Ogun state

kettykin: How come Ogun state is having more industries than Oyo state and Ogun state is becoming heavily industrialized if not that the as a result of the limited land space in Lagos and the growth induced expansion of companies wholly owned by Non Yorubas an encroachment into the land adjoining ogun state has to be there.


By large the Business men who are investing in these industries have lagos on their mind but as a result of Lack of space in Lagos now have to move towards Ogun state

truefact:
Mind you SS is a formal SE, Just calculate what the North brings to the board and take out of the board, Then calculate again what the Old East brings and takes out, then what the West brings and takes out...Then you would see and understand why the Entire South to fight for their destiny and what belong them.


Why do the Yorubas only interested in what the Igbos brings and takes? Are the Igbos the only problem of the Yurobas? if then I would say the Yorubas has no problem other than from the Hausas, their masters for they take the chunk of the national cake.