The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018. The breakdown is contained in the monthly Federation Account Allocation Committee (FAAC) report obtained by newsmen on Sunday in Abuja.

The key agencies that remit funds into the federation account are the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service and the Nigerian Custom Service. In January, the 36 states of the federation shared N196.99 billion, in February, N195.25 billion and N200.86 billion in March.


The allocation was made using the revenue sharing formular, Federal Government, 52.68 per cent; states, 26.72 per cent and local governments 20.60 per cent. The report showed that before distribution, state liabilities were deducted. The liabilities paid by the states in the first quarter, included external debt, contractual obligations and other deductions.

The other deductions covers 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 each of the 36 states got in the first quarter of 2018, after all deductions were made. Abia N13.09 billlion, Adamawa N11.82 billion, Akwa Ibom N50.88 billion, Anambra, N13.01 billion, Bauchi, N13.04 billion, Bayelsa, N38.89 billion, Benue, N12.98 billion, Borno, N14.82 billion and Cross River, N8.41 billion. Delta got N49.43 billion, Ebonyi, N10.73 billion, Edo, N15.86 billion, Ekiti, N8.75 billion, Enugu, N12.27 billion, Gombe, N10.17 billion, Imo, N12.72 billion, Jigawa, N14.2 billion, Kaduna, N16.15 billion and Kano, N19.65 billion.

Similarly, Katsina’s share from the federation account in three months was N13.99 billion, Kebbi, N12.78 billion, Kogi, N12.39 billion, Kwara, N10.62 billion, Lagos, 29.99 billion, Nassarawa, N11.18 billion and Niger, N13.44 billion.

Finally, Ogun state got N9.4 billion, Ondo, N15.27 billion, Osun, N4.98 billion, Oyo, N13.83 billion, Plateau, N10.15 billion, Rivers, N42.74 billion, Sokoto, N12.43 billion, Taraba, N11.1 billion, Yobe, N12.42 billion, and Zamfara, N9.16 billion.

Newsmen report that the FAAC comprises commissioners of finance and Accountants-General from the 36 states of the federation. The Minister of Finance, is the chairman of the committee, while the Accountant General of the Federation, seconds, with representatives from the NNPC. Other members are representatives from the Federal Inland Revenue Service; the Nigerian Custom Service; Revenue Mobilisation, Allocation and Fiscal Commission 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.

NAN

Read more at: https://www.vanguardngr.com/2018/05/states-withdrew-n593-1bn-federation-account-q1-2018/

Our Governors must be accountable...more money to states with poor development everywhere....

It's so horrible for states like Osun

Ogbeni Aregbe I pity you

The only Hausa state in the south west
Continue to clamor for your religion interest

Hijab must be worn by student
Misplaced priority

Na only Yahoo guyz could survive end

gateleo:
Our Governors must be accountable...more money to states with poor development everywhere....

Bayelsa...Akwa Ibom...Delta....Edo....Lagos...Rivers....we need more developmental projects that will have direct impact on the citizenry. ..

With little to show for it!

This Governors are worst than yahoo boys, Akwa ibom 50 billion plus IGR and they are complaining about money.. hmmm

hope fayose didn't collect?

BiggerbossAmani:
The only state I see useful and truthful is Lagos state others are Yahoo Fathers

Lagos state needs to do more.....

What does bayelsa do with all its money. It has just 8 local government areas and a population a bit above 2 million.

What excuse does Delta state really have?

obailala:
What excuse does Delta state really have?

Lol.

We get carried away with Buhari while the first people we should ask for dividends of democracy is our councilors, LG Chairmen and Governors

I need to meet Okezuo Abia... What are the projects?

.

And what have they been doing with the monies

Donald7610:
Ogbeni Aregbe I pity you

The only Hausa state in the south west
Continue to clamor for your religion interest

Hijab must be worn by student
Misplaced priority

Na only Yahoo guyz could survive end

oga shut up

So much money with nothing to show for it. Every body wants to steal from Nigeria.

Every body just shouting fg.... governors are useless

DWJOBScom:
It's so horrible for states like Osun

aragbesola collected a lot loans, which are being deducted

So this is what Udom is using to build only toothpick,pencil and coconut factory ... Abasi mbok

gateleo:


Lagos state needs to do more.....

You No see Akwa Ibom own talk, abi?

....or Delta state.....or Bayelsa.

if this allocated founds are fully utilized, Nigeria would be a save heaven now..

Akwa-Ibom got this much (N50 Billion) yet we're suffering...making a living from toothpicks and pencils on empty stomach ...and the governor's 'Yahoo boys'' (with whom he shares money with cannot settle little debts from the largesse they make) . O Lord come down and let the enemies of Akwa-Ibom state scatter!)

BiggerbossAmani:
The only state I see useful and truthful is Lagos state others are Yahoo Fathers

it's because you live in Lagos.