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FAAC: How They Share N658bn as Statutory Revenue and VAT Revenue in October 2012

November 2012 Economic Confidential
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cbnThe Economic Confidential magazine provides here the distribution of a total sum of N658billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in October, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom N17.6bn, Rivers receiving N14.4bn, Delta N14.4bn and Bayelsa N9.8bn. The highest recipients from non-oil –producing states are Lagos N13.8bn and Kano N10.6bn.

The lowest recipients as revealed in the table below are Gombe N4bn, Nasarawa N4bn, Ebonyi N3.7bn and Ekiti N6.3bn. The Economic Confidential can also confirm other disbursements in October, 2012: Federal N198.5bn, FCT Councils N4.2bn, Nigerian Customs Service (NCS) N2.7bn, and Federal Inland Revenue Service (FIRS) N4.2bn.

1
S/NO

2
STATES

3
NO OF
LGCs

4
GROSS
STATUT. + MINERAL REV

5
NET STATUT. + MINERAL REVENUE

6
NET VAT SHARED

7
LGCs GROSS
STATUT.
REVENUE

8
LGCs NET STATUT.
REVENUE

9
NET VAT TO LG’s

10
TOTAL PAID
(5+6+8+9)

1

ABIA

17

3,077,349,590.80

2,841,802,764.12

578,692,845.03

1,726,611,394.50

1,620,950,099.04

342,221,066.38

5,383,666,774.58

2

ADAMAWA

21

2,889,835,293.81

2,706,836,422.45

573,529,741.28

2,221,980,773.53

2,086,004,972.75

391,824,045.88

5,758,195,182.35

3

A/ IBOM

31

15,815,094,029.12

13,702,929,544.04

615,886,177.68

2,930,345,659.62

2,751,020,931.71

543,759,269.38

17,613,595,922.82

4

ANAMBRA

21

2,918,956,795.10

2,654,443,821.53

653,002,844.92

2,202,653,661.44

2,067,860,597.96

443,429,730.71

5,818,736,995.11

5

BAUCHI

20

3,385,470,283.37

3,033,082,719.69

650,623,463.81

2,547,510,789.42

2,391,613,932.10

434,650,753.59

6,509,970,869.19

6

BAYELSA

8

11,456,075,307.77

8,164,621,341.90

564,026,401.27

937,267,228.01

879,910,448.24

213,107,257.60

9,821,665,449.01

7

BENUE

23

3,120,597,093.40

2,531,781,346.72

626,912,068.17

2,590,301,334.51

2,431,785,877.29

454,682,855.55

6,045,162,147.73

8

BORNO

27

3,443,149,906.49

3,224,950,595.87

620,070,029.41

2,976,967,433.43

2,794,789,650.66

499,351,712.97

7,139,161,988.91

9

C/RIVER

18

2,712,824,233.07

2,340,153,115.86

560,760,436.77

1,849,978,613.50

1,736,767,767.39

345,670,841.33

4,983,352,161.34

10

DELTA

25

13,546,147,599.83

10,958,005,451.28

672,158,975.90

2,445,187,904.66

2,295,552,773.98

501,474,286.52

14,427,191,487.69

11

EBONYI

13

2,395,785,526.22

1,664,509,308.55

537,699,780.04

1,317,984,058.38

1,237,329,023.06

265,296,618.89

3,704,834,730.54

12

EDO

18

3,700,176,472.23

2,810,229,003.99

603,991,846.39

1,851,624,392.34

1,738,312,831.55

371,499,839.56

5,524,033,521.48

13

EKITI

16

2,416,648,224.46

1,851,472,276.98

535,920,268.48

1,506,207,979.97

1,414,034,438.84

303,185,763.55

4,104,612,747.86

14

ENUGU

17

2,726,559,405.80

2,461,530,173.62

588,329,176.32

1,784,570,176.28

1,675,362,049.15

351,510,825.96

5,076,732,225.05

15

GOMBE

11

2,563,073,025.65

2,018,466,695.79

567,682,059.18

1,302,199,593.74

1,222,510,500.73

258,265,983.99

4,066,925,239.68

16

IMO

27

3,418,827,738.93

2,765,698,361.69

626,595,375.85

2,583,926,827.67

2,425,801,463.24

500,564,697.65

6,318,659,898.43

17

JIGAWA

27

3,197,375,307.72

2,990,897,100.99

635,061,134.47

2,710,935,161.52

2,545,037,425.65

509,148,719.46

6,680,144,380.57

18

KADUNA

23

3,644,084,827.55

3,103,721,789.44

760,170,081.62

2,907,657,064.19

2,729,720,782.10

542,699,697.32

7,136,312,350.48

19

KANO

44

4,567,170,461.49

4,203,731,126.76

1,023,314,849.55

4,771,871,312.17

4,479,853,023.51

969,983,753.54

10,676,882,753.35

20

KATSINA

34

3,473,319,475.28

3,206,044,866.87

735,978,614.38

3,488,747,990.42

3,275,251,407.83

661,863,921.49

7,879,138,810.56

21

KEBBI

21

2,905,228,572.83

2,710,636,531.74

614,999,574.59

2,167,119,231.77

2,034,500,724.70

414,122,813.45

5,774,259,644.48

22

KOGI

21

2,897,977,371.28

2,705,675,584.65

586,232,756.96

2,246,148,071.55

2,108,693,334.61

399,550,943.89

5,800,152,620.10

23

KWARA

16

2,640,835,670.96

2,464,466,905.27

327,849,014.55

1,724,984,719.82

1,619,422,969.95

298,851,859.39

4,710,590,749.16

24

LAGOS

20

4,125,625,452.56

3,247,014,942.93

5,061,963,065.35

2,898,577,978.54

2,721,197,297.99

2,775,021,270.50

13,805,196,576.78

25

NASS.

13

2,474,330,204.41

1,985,264,392.11

502,772,939.66

1,380,357,783.98

1,295,885,741.16

243,983,722.97

4,027,906,795.90

26

NIGER

25

3,379,408,753.10

2,819,638,583.36

640,660,702.25

2,797,238,593.96

2,626,059,454.01

483,582,510.86

6,569,941,250.47

27

OGUN

20

2,824,379,803.92

2, 632,553,278.91

624,045,608.11

2,069,901,408.46

1,943,232,219.90

411,544,001.16

5,611,375,108.08

28

ONDO

18

4,452,700,944.06

3,686,637,383.97

606,274,859.48

1,910,627,156.20

1,793,704,876.47

374,936,556.11

6,461,553,676.03

29

OSUN

30

2,678,775,624.11

1,712,397,265.18

590,559,524.21

2,603,841,282.40

2,444,497,237.79

513,331,908.60

5,260,785,935.78

30

OYO

33

3,374,933,785.37

3,127,838,746.15

739,071,906.71

3,329,627,328.33

3,125,868,255.49

649,215,538.28

7,641,994,446.64

31

PLATEAU

17

2,834,269,085.60

2,629,079,315.73

594,917,263.53

1,905,922,575.25

1,789,288,195.92

354,146,780.65

5,367,431,555.82

32

RIVERS

23

14,058,571,060.46

10,413,329,018.01

997,613,035.83

2,495,715,840.81

2,342,988,614.71

657,402,053.18

14,411,332,721.74.

33

SOKOTO

23

3,013,057,366.60

2,812,752,704.20

603,111,868.62

2,392,393,898.48

2,245,989,537.10

437,021,264.41

6,098,875,374.33

34

TARABA

16

2,853,954,289.58

2,673,523,945.42

528,203,220.11

1,904,388,400.97

1,787,847,906.60

298,325,948.19

5,287,901,020.33

35

YOBE

17

2,832,458,169.73

2,646,485,971.98

514,503,319.90

1,846,792,496.17

1,733,776,626.93

303,634,516.88

5,198,400,435.69

36

ZAMFARA

14

2,841,069,773.82

2,597,855,337.21

581,183,975.33

1,733,809,090.61

1,627,707,326.67

311,129,088.16

5,117,875,727.37

37

FCT-ABUJA

6

0.00

0.00

0.00

737,838,056.58

692,685,496.40

1,101,065,746.01

1,793,751,242.41

39

STATES TOTAL

774

154,656,096,526.50

130,100,057,734.96

26,844,368,805.70

82,799,813,263.19

77,732,815,813.19

18,931,058,163.99

253,608,300,517.83

40

FGN

 

208,047,378,024.12

190,960,548,790.12

7,572,423,265.60

0.00

0.00

0.00

198,532,972,055.71

41

FCT-ABUJA

3,695,057,058.63

3,695,057,058.63

540,887,376.11

0.00

0.00

0.00

4,235,944,434.75

42

Cost of Collection-NCS

2,756,443,860.85

2,756,443,860.85

0.00

0.00

0.00

0.00

2,756,443,860.85

43

Transfer to Excess Crude

140,703,015,465.38

140,703,015,465.38

0.00

0.00

0.00

0.00

140,703,015,465.38

44

4% Cost of Collection-FIRS VAT

2,044,073,307.38

2,044,073,307.38

2,253,697,400.47

0.00

0.00

0.00

4,297,770,707.85

45

TOTAL DEDUCTION

0.00

41,642,868,025.54

200,000,000.00

0.00

5,066,997,450.00

0.00

46,909,865,475.54

48

14th Inst.Pyt of o/standing crude debt

7.617,431,250.00

7,617,431,250.00

0.00

0.00

0.00

0.00

7,617,431,250.00

49

Local Government

82,799,813,263.19

82,799,813,263.19

18,931,058,163.99

0.00

0.00

0.00

0.00

 

GRAND TOTAL

602,319,308,756.05

602,319,308,756.05

56,342,435,011.87

82,799,813,263.19

82,799,813,263.19

18,931,058,163.99

658,661,743,767.92


This table is provided by the Economic Confidential magazine

Our valuable member Economic Confidential has been with us since Monday, 21 December 2009.

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