Sunday, 24 November 2024

FAAC: FG gives breakdown of amount 36 states received in May

The Federation Account Allocation Committee (FAAC) allocation to state governments in June, obtained by the News Agency of Nigeria (NAN) showed that Lagos State topped the states with N6,082,690,933.64 as total net amount received from the Federal Government.

NAN reported that the allocations were shared in June as revenue collections accrued to the account in May.

The state was closely followed by Rivers which collected N4,354,473,497.62, including the 13 per cent share of derivation and Value Added Tax allocations.

 

The total net allocations were made after deductions from contractual and other obligations by some of the states including Bayelsa, Bauchi and Benue.

Abia got N1,923,982,456.53 while Adamawa had N1,828,758,173.61 with Akwa-Ibom collecting N6,847,573,681.87, as Anambra got N2,116,807,667.14 during the period;

The figures further showed that Bauchi State made N1,965,255,213.47;Bayelsa, N2,816,868,014.70; Benue, N1,534,960,334.09; Borno, N2,147,600,578.02 and Cross River, N804,060,982.38 in June.

NAN further reports that Delta received N2,890913,486.26 after deductions from some contractual obligations while Ebonyi collected N1.843,573,739.61 from the federation account.

 

Edo, which also collected allocations from the derivation account, had a total net amount of 1,162,645,899.11 as Ekiti State got N903,602,952.88 from the account.

Enugu State, made N2,003,137,942.20 as its Gombe counterpart had N1,237,565,490.87 with Imo getting 1,872,879,765.17 from the revenues realised by the Federal Government.

Jigawa also had its own share of N2,339,773,705.98, Kaduna got N2,537,735,912.75; Kano hauled N3,233,171496.48.
while Katsina State made N2,397,831,082.43

Kebbi recorded N1,978,817185.53; Kogi, N1,800,713,440.93; Kwara, N1,554,650,906.93; Nasarawa, N1,738,115545.39 and Niger, N1,795,229,811.70 as allocations for May.

Ogun realised N935,421,032.61; Ondo, N1,765,753,396.69; Osun, N2,105,441,605.75; Plateau received N1,033,584,304.35 with Sokoto making N2,165,593,899.10 just as Taraba got N1,712,426,074.23.

Yobe, without record of contractual obligation, made N1,999,612,020.31 while Zamfara which had deductions from some obligations, got N1,242,750,215.67.

Oyo State had 2,105,441,605.75.

NAN reported that a total net amount shared among the 36 states by FAAC in the period stood at 76,349,365,060.79

The Federation Accounts Allocation Committee is responsible for the distribution of revenue accruing to the Federation Account among the Federal, States and the Local Governments

The Office of the Accountant–General of the Federation, established under Civil Services re- organisation Act of 1988, is responsible for the overall management of all receipt and payments of the Federal Government (NAN)

News Letter

Subscribe our Email News Letter to get Instant Update at anytime

About Oases News

OASES News is a News Agency with the central idea of diseminating credible, evidence-based, impeccable news and activities without stripping all technicalities involved in news reporting.