Facts & Figures

Facts & Figures

Federation Account: How They Share: N796 in April 2012

May 2012 Economic Confidential

The Economic Confidential magazine provides here the distribution of a total sum of N796 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in April 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with AkwaIbom receiving N2...

Budget Differential: How They Share N152bn in March 2012

April 2012 Economic Confidential

The Economic Confidential provides in the table below the distribution of N152, 745,169,619.59 from Foreign Excess Crude Account being the differential between budget & actual revenue generation.
The disbursement was made the beneficiaries at the meeting of the Federation Account in March, 2012 after the meeting of the Federation Account Allocation Committee.

Federation Account: How They Share $1bn and N993.6bn in March 2012

April 2012 Economic Confidential

March 2012 was another month of Jumbo allocations when the tiers of government in Nigeria, Federal States, and LG Councils shared a total sum of $1 billion and N996 billion from four different oil revenue accounts. The allocations were Foreign Excess Crude Account $1 Billion, Statutory and VAT reven...

Foreign Excess Crude Account: How They Share $1 Billion in March 2012

April 2012 Economic Confidential

The Economic Confidential magazine provides below the distribution of $1 billion from foreign excess crude saving account in March, 2012 to all the tiers of government in Nigeria. This table of disbursement is one of the four different allocation made to the beneficiaries in March 2012.

NNPC Refund: How States and Local Councils Shared N7.6bn in March 2012

April 2012 Economic Confidential

The Economic Confidential magazine provides in the table below the disbursement of N7,617,431,250.00 to states & local government councils being 7th refund made by Nigerian National Petroleum Corporation NNPC at the meeting of the Federation Account Allocation Committee in March 2012