According to a report released by the Economic
Confidential, an intelligence economic magazine,
the 36 states and 774 local government councils
in Nigeria shared a total of N2.8 trillion from the
Federation Account in the first year of President
Muhammadu Buhari-led administration.
The report disclosed that the total figure was the
payment made to the two tiers of government
between June 2015 and May 2016 at the
monthly meeting of the Federation Account
Allocation Committee (FAAC).
It further revealed that Lagos State is ranked first
as the highest recipient of gross allocation with a
total of N178 billion during the 12-month period.
"It is followed by Akwa State (N173 billion), Delta
State (N144 billion) and Kano State (N117 billion)
.
"The five states cornered a quarter (25 percent)
of the total allocation for the states and local
government councils in Nigeria within the one-
year period.
"Among the 10 highest recipients from the
Federation Account are Bayelsa State (N95 billion)
followed by Katsina State (N88 billion), Oyo State
(N84 billion), Kaduna State (N83 billion) and
Borno State (N78 billion).
"The lowest recipients are Gombe and Ebonyi
states that got N49 billion each followed by Ekiti
and Nasarawa states (N50 billion each) and Kwara
(N52 billion)."
The report added that Edo and Ondo states with
oil-producing status got N66 billion and N71
billion respectively, while Cross River State merely
received N59 billion.
The Economic Confidential gathered that factors
that influence allocation to states and local
government councils from the Federation
Account included population, derivation, land
mass, terrain, revenue effort, school enrollments,
health facilities, water supply and equality of the
beneficiaries.
Meanwhile, the Economic Confidential, which has
been publishing the monthly Federation Account
Allocation figures in the print edition of the
magazine since January 2007, has commenced
the publication of the monthly allocation in its
online version.
The magazine is a sister publication of PRNigeria,
a news release syndication platform.

mamabomboy:
Thank God, they are been exposed. So most of the free cash that Ambode has been throwing around is actually from the FG. And they will be lying that the money is from their fictitious IGR. At least they are getting rewards for their slavery and lack of character. Bigups Lagos, flex wella.

baby124:

Why don't you stay in your home town and let Lagos Indegenes enjoy their allocation. Afterall Lagos contributes enough to the national purse to even get more allocation. With the burden of you and your family that it has to carry. Nonsense

OjukwuWarBird:
Can someone tell me what the North generate to warrant so much allocation.

Buhari has Northernized FAAC

mamabomboy:
Thank God, they are been exposed. So most of the free cash that Ambode has been throwing around is actually from the FG. And they will be lying that the money is from their fictitious IGR. At least they are getting rewards for their slavery and lack of character. Bigups Lagos, flex wella.

OjukwuWarBird:
Can someone tell me what the North generate to warrant so much allocation.

Buhari has Northernized FAAC