Wednesday 14 March 2012

Federation Account: How They Share N727bn in February, 2012

The Economic Confidential magazine provides here the distribution of a total sum of N727billion being the statutory and VAT allocations shared to all tiers of government at the February 2012 meeting of the monthly Federation Account Allocation Committee (FAAC). Other allocations are in Fact and Figures pages. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Rivers receiving N15.4, Akwa Ibom N14.5bn, Delta N12.8bn and Bayelsa N8.6bn. The highest recipients from non-oil –producing states are Lagos N12.7bn and Kano N9bn.

The lowest recipients as revealed in the table below are Gombe N2.9bn, Nasarawa N3.4bn, Ebonyi N3.1bn and Ekiti N3.4bn. The Economic Confidential can also confirm other disbursements in February 2012: Federal Government N173.4n, FCT Councils N3.5 billion, Nigerian Customs Service (NCS) N2.1bn, and Federal Inland Revenue Service (FIRS) N3.7bn. Please check Facts and Figures of this magazine to see the second allocation from Excess Crude Account. 

SUMMARY TABLE
FES - Federal Excess Savings   NNPC - NNPC Refund

53
GRAND TOTAL (3)
 STAT + VAT
727,182,512,673.57
FES ACCT
129,237,791,967.53
24,321,655,166.30
33,530,207,991.58
187,089,655,125,41


NNPC
3,742,443,973.13
990,266,062.50
2,884,721,214.38
7,617,431,250.00
54
GRAND TOTAL (4)
STAT + VAT
727,182,512,673.57
FES+NNPC
132,980,235,940.66
25,311,921,228.8
36,414,929,205.96
194,707,086,416



STATUTORY
+
VAT ALLOCATION TO STATE

FED. & STATE ALLOCATION
TOTAL STATE DERIVATION OIL & GAS
LG NET ALLOCATION
TOTAL NET (STATE + LG)


TABLE 1:  How the States & Federal Government Shared N921 billion in February 2012 (Combined Table, Compiled from Economic Confidential)

FES - Federal Excess Savings   NNPC - NNPC Refund
1

s/no
2

state
NO. OF LGs
STATUTORY
+
VAT ALLOCATION TO STATE

FED. & STATE ALLOCATION
TOTAL STATE DERIVATION OIL & GAS
LG NET ALLOCATION
TOTAL NET (STATE + LG)
1
Abia
17
4,408,232,565.75
FES ACCT
1,048,266,730.12
41,273,848.82
699,200,117.69
1,788,740,696.63


NNPC
91,928,612.27
12,972,485.42
59,314,383.09
164,215,480.78
2
Adamawa
21
4,615,234,851.91
FES ACCT
1,170,253,586.86
-
899,802,482.08
2,070,056,068.94


NNPC
102,547,335.89
-
79,291,647.74
181,838,983.63
3
Akwa Ibom
31
14,501,984,752.14
FES ACCT
1,183,896,103.36
6,019,463,723.73
1,186,658,466.75
8,390,018,293.85


NNPC
101,283,927.66
167,658,976.24
96,795,109.64
365,738,013.55
4
Anambra
21
5,198,261,741.16
FES ACCT
1,182,046,487.80
-
891,975,869.16
2,074,022,356.96


NNPC
102,679,511.16
-
83,510,552,51
186,190,063.67
5
Bauchi
20
5,373,694,204.19
FES ACCT
1,370,963,511.60
-
1,031,627,527.45
2,402,591,039.04


NNPC
115,704,842.54
-
81,859,411.88
197,564,254.43
6
Bayelsa
8
8,666,077,450.88
FES ACCT
938,837,039.23
4,820,260,194.10
379,551,159.12
6,138,648,392.45


NNPC
79,672,734.07
231,996,562.32
32,071,451.63
343,740,748.02
7
Benue
23
5,370,631,333.75
FES ACCT
1,263,701,758.20
-
1,048,955,777.60
2,312,657,535.81


NNPC
110,647,767.73
-
92,292,073.24
202,939,840.97
8
Borno
27
6,014,675,765.38
FES ACCT
1,394,321,170.07
-
1,205,538,192.68
2,599,859,362.65


NNPC
117,456,432.49
-
100,889,689.64
218,346,122.13
9
Cross River
18
4,678,662,052.62
FES ACCT
1,098,572,052.21
181,269,295.95
749,158,304.18
2,028,999,652.35


NNPC
 96,045,615.34
15,201,574.33
67,116,903.24
178,364,092.90
10
Delta
25
12,873,939,530.73
FES ACCT
1,183,194,116.06
5,494,942,908.41
990,191,351.78
7,668,328,376.25


NNPC
102,583,708.70
199,277,181.35
88,852,761.02
390,713,651.08
11
Ebonyi
13
3,168,530,502.31
FES ACCT
970,185,605.88
-
533,724,387.36
1,503,909,993.23


NNPC
86,764,433.43
-
45,894,666.71
132,659,100.14
12
Edo
18
4,769,061,196.41
FES ACCT
1,104,307,129.83
475,609,966.78
749,824,770.74
2,329,741,867.34


NNPC
102,062,420.44
8,293,478.27
71,646,492.49
182,002,391.20
13
Ekiti
16
3,481,465,944.23
FES ACCT
978,634,062.27
-
609,946,627.37
1,588,580,689.64


NNPC
86,282,742.06
-
53,363,277.02
139,646,019.08
14
Enugu
17
4,475,994,970.97
FES ACCT
1,104,134,180.68
-
722,670,822.89
1,826,805,003.57


NNPC
95,469,060.52
-
60,974,540.15
156,443,600.67
15
Gombe
11
2,902,879,864.38
FES ACCT
1,037,929,534.63
-
527,332,387.65
1,565,261,922.28


NNPC
87,831,585.10
-
43,684,252.43
131,515,837.54
16
Imo
27
5,504,163,640.48
FES ACCT
1,178,788,769.22
260,752,465.04
1,046,374,388.45
2,485,915,622.70


NNPC
101,194,140.29
14,357,867.64
86,575,991.45
202,127,999.38
17
Jigawa
27
5,674,027,731.63
FES ACCT
1,294,793,488.90
-
1,097,807,063.02
2,392,600,551.92


NNPC
112,360,247.42
-
92,892,665.49
205,252,912.91
18
Kaduna
23
6,321,555,963.51
FES ACCT
1,475,690,794.35
-
1,177,470,603.96
2,653,161,398.31


NNPC
125,705,227.98
-
101,996,275.41
227,701,503.39
19
Kano
44
9,062,753,946.73
FES ACCT
1,849,499,044.40
-
1,932,393,701.15
3,781,892,745.55


NNPC
152,911,132.99
-
161,144,203.38
314,055,336.37
20
Katsina
34
6,986,742,406.02
FES ACCT
1,406,538,491.30
-
1,412,786,347.44
2,819,324,838.75


NNPC
119,897,920.90
-
121,069,528.80
240,967,449.71
21
Kebbi
21
4,594,016,576.85
FES ACCT
1,176,487,173.95
-
877,586,020.07
2,054,073,194.02


NNPC
99,707,752.30
-
74,960,238.83
174,667,991.14
22
Kogi
21
4,864,221,997.69
FES ACCT
1,173,550,762.79
-
909,589,153.05
2,083,139,915.84


NNPC
100,006,468.32
-
74,196,941.60
174,203,409.92
23
Kwara
16
4,160,424,901.59
FES ACCT
1,069,419,915.69
-
698,541,387.45
1,767,961,303.14


NNPC
91,047,964.78
-
61,563,097.07
152,611,061.85
24
Lagos
20
12,722,644,397.44
FES ACCT
1,670,693,134.05
-
1,173,793,981.77
2,844,487,115.83


NNPC
144,499,323.83
-
107,996,716.92
252,496,040.75
25
Nassarawa
13
3,499,461,977.72
FES ACCT
1,001,992,675.15
-
558,982,946.65
1,560,975,621.80


NNPC
86,141,551.89
-
47,651,750.40
133,793,302.30
26
Niger
25
5,513,468,599.81
FES ACCT
1,368,508,863.90
-
1,132,756,079.53
2,501,264,943.43


NNPC
115,840,352.22
-
96,871,709.05
212,712,061.28
27
Ogun
20
4,965,868,976.55
FES ACCT
1,143,747,051.36
-
838,217,165.14
1,981,964,216.50


NNPC
97,575,055.07
-
73,832,963.58
171,408,018.65
28
Ondo
18
5,161,769,267.04
FES ACCT
1,096,867,587.59
917,923,587.63
773,718,241.83
2,788,509,417.05


NNPC
95,898,653.54
39,344,260.93
66,613,230.91
201,856,145.38
29
Osun
30
5,340,765,474.69
FES ACCT
1,084,783,893.82
-
1,054,438,848.77
2,139,222,742.59


NNPC
93,777,457.38
-
97,415,398.50
191,192,855.88
30
Oyo
33
6,688,835,474.81
FES ACCT
1,366,696,702.82
-
1,348,349,621.26
2,716,046,324.08


NNPC
117,037,985.24
-
116,184,038.75
233,222,023.99
31
Plateau
17
4,737,563,528.32
FES ACCT
1,147,751,766.57
-
771,813,097.70
1,919,564,864.27


NNPC
99,808,920.19
-
65,726,829.88
165,535,750.07
32
Rivers
23
15,482,451,431.81
FES ACCT
1,283,155,851.14
6,110,159,175.84
1,010,652,898.02
8,403,967,926.00


NNPC
110,405,103.63
289,981,591.61
85,640,771.54
486,027,466.78
33
Sokoto
23
5,196,906,502.32
FES ACCT
1,220,152,995.65
-
968,812,148.87
2,188,965,144.53


NNPC
105,618,353.72
-
83,821,377.87
189,439,731.59
34
Taraba
16
4,671,663,685.26
FES ACCT
1,155,723,390.63
-
771,191,825.98
1,926,915,216.61


NNPC
98,710,829.80
-
65,521,223.05
164,232,052.86
35
Yobe
17
4,503,089,253.58
FES ACCT
1,147,018,426.92
-
747,868,069.67
1,894,886,496.59


NNPC
95,923,526.71
-
65,334,796.27
161,258,322.98
36
Zamfara
14
3,625,332,194.27
FES ACCT
1,150,505,740.06
-
702,114,861.55
1,852,620,601.61


NNPC
99,415,275.50
-
57,052,694.57
156,467,970.07
37
FCT-Abuja
6
1,331,819,874.67
FES ACCT
-
0.00
298,791,295.85
298,791,295.86


NNPC
-
-
23,101,558.60
23,101,558.60
38
SUB TOTAL
774
221,108,874,529.60
FES ACCT
43,491,609,589.07
24,321,655,166.30
33,530,207,991.58
101,343,472,746.95


NNPC
3,742,443,973.1
979,083,978.11
2,884,721,264.84
7,606,249,165.64
39
FGN
-
173,486,116,867.01
FES ACCT
-
-
-
-


NNPC
40
FCT
-
3,583,612,233.15
FES ACCT
-
-
-
-


NNPC
41
FGN and FCT
-
177,069,729,100.16
FES ACCT
85,746,182,378.46
0.00
0.00
85,746,182,378.46


NNPC



42
GRAND TOTAL (1)

398,178,603,629.76
FES ACCT
129,237,791,967.53
24,321,655,166.30
33,530,207,991.58
187,089,655,125,41


NNPC
3,742,443,973.1
979,083,978.11
2,884,721,264.84
7,606,249,165.64
43
Sokoto Derivation

-
FES ACCT
0.00
0.00
0.00
0.00

-
NNPC
 0.00
9,083,710.59
0.00
9,083,710.59
44
ONA/ASABORO DERIVATION

-
FES ACCT
0.00
0.00
0.00
0.00

-
NNPC
0.00
2,098,373.79
0.00
2,098,373.79
45
GRAND TOTAL (2)

398,178,603,629.76
FES ACCT
129,237,791,967.53
24,321,655,166.30
33,530,207,991.58
187,089,655,125,41


NNPC
3,742,443,973.13
990,266,062.50
2,884,721,214.38
7,617,431,250.00
46
Less:Cost of Collection-NCS

2,162,338,981.65

-
-
-
-
47
Transfer to Excess Crude Acct

224,313,101,757.06

-
-
-
-
48
Less: 4%Cost of Collection – FIRS VAT

3,792,809,359.17

-
-
-
-
49
5th Inst. Pyt of o/standing crude debt

7,617,431,250.00

-
-
-
-
50
TOTAL DEDUCTION

21,118,227,695.93

-
-
-
-
51
Local Government



-
-
-
-
52
Transfer from Excess Domestic to Sub

70,000,000,000.00

-
-
-
-
 53
GRAND TOTAL (3)
 STAT + VAT
727,182,512,673.57
FES ACCT
129,237,791,967.53
24,321,655,166.30
33,530,207,991.58
187,089,655,125,41


NNPC
3,742,443,973.13
990,266,062.50
2,884,721,214.38
7,617,431,250.00
54
GRAND TOTAL (4)
STAT + VAT
727,182,512,673.57
FES+NNPC
132,980,235,940.66
25,311,921,228.8
36,414,929,205.96
194,707,086,416



STATUTORY
+
VAT ALLOCATION TO STATE

FED. & STATE ALLOCATION
TOTAL STATE DERIVATION OIL & GAS
LG NET ALLOCATION
TOTAL NET (STATE + LG)


No comments:

Post a Comment