Tuesday, October 18, 2011

FG, states, LGs shared N1trn in Sept •A/Ibom N21.8bn, Kano N13.4bn, Lagos N15.7bn, Oyo N9.4bn, Ogun N7.08bn, Osun N7.6bn

JUST two months after the  federal, state and local government councils shared N1.5 trillion, the monthly allocations of the three tiers of government again
hit the trillion naira mark, with the distribution of N1.02 trillion in September.

The amount, which represents the statutory payment to the three tiers of government, also included income from the Value Added Tax (VAT) as well as a special transfer to the Excess Crude and Non-Oil Excess Revenue Accounts.
According to an online news medium, Economic Confidential, the highest recipients were from the oil-producing states.
After a series of deductions, a breakdown of the distribution saw the Federal Government netting N261 billion, while all the 36 states received N326.36 billion.
The Federal Capital Territory councils got N5.2 billion, the Nigerian Customs Service (NCS) N2.5 billion and the Federal Inland Revenue Service (FIRS) N6.5 billion.
Akwa Ibom State topped the list of the oil-producing states which received handsome allocations in September, collecting N21.8 billion. It was closely followed by Rivers State (N21.4 billion), Delta (N20.1 billion) and Bayelsa, with N13.2 billion.
From the non-oil producing states, Lagos received N15.7 billion, while Kano got N13.4 billion.
The lowest recipients were Gombe N5.5 billion, Nasarawa N5.0 billion, Ebonyi N4.8 billion and Ekiti with N5.6 billion.
Meanwhile, the sum of N323 billion was transferred to Excess Crude Account while N2.8 billion was transferred to Non-Oil Excess Revenue Account. The total deduction made was N13.94 billion.
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