Sunday, 23 October 2016

Breakdown of N516 bn Allocations shared by the 36 States, Osun got N868.9 m in September, 2016

Sunday, October 23, 2016 0 De News

The breakdown in a report obtained from
a source at the office
of the Accountant-General of the Federation in
Abuja on
Sunday.

The Federation Account Allocation Committee
(FAAC) meeting in September, federal, states and
local governments shared N516 billion as against
the N530 billion that was shared in August. The breakdown after some deductions which included bailout funds were made is as follow:

Abia : N3.01 billion

Adamawa : N3.14 billion

Anambra : N3.43 billion,

Bayelsa: N7.6 billion,

Bauchi: N3.52 billion,

Benue : N3.37 billion,

Borno : N3.9 billion,

Cross River: N2.04 billion,

Delta: N7.39 billion,

Ekiti: N2.16 billion,

Edo: N2.54 billion,

Ebonyi: N2.99 billion,

Enugu : N3.34 billion,

Gombe : N2.61 billion,

Imo : N2.97 billion

Jigawa: N3.82 billion,

Kaduna: N4.23 billion,

Kano: N5.2 billion,

Katsina: N4 billion,

Kebbi : N3.36 billion

Kogi : N3.39 billion.

Kwara : N2.77 billion.

Lagos N7.92 billion,

Nassarawa : N2.92 billion,

Niger : N3.49 billion

Ogun : N2.16 billion,

Ondo : N4.18 billion,

Osun : N868.9 million,

Oyo : N3.53 billion,

Plateau : N2.31 billion,

Rivers: N9.05 billion

Sokoto: N3.62 billion,

Taraba: N2.89 billion

Yobe : N3.29 billion,

Zamfara: N2.58 billion.

The amount distributed included the
Gross Statutory revenue, Value
Added Tax, exchange gain, N35
billion excess Petroleum Profit
Tax and 13 percent derivation to
oil producing states.

The oil producing states are Abia,
Akwa Ibom, Bayelsa, Delta, Edo,
Imo, Ondo and Rivers.

The report also revealed that the Federal Capital
Territory
got N4.7 billion from the Federal Government’s
share of
the distributable revenue in September.