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States FAAC From January To August - Politics (2) - Nairaland

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Re: States FAAC From January To August by Burob: 6:55am On Nov 22, 2023
Watinhapen:
So Delta receives the highest allocation and theirs no single development in Delta state. Nobody even talks about Delta state in terms of the Governor’s performance and development.
Useless State, Mumu people, nothing to show, you are 100% correct.

Emmanuel Uduaghan should just be leaving prison, after spending 5 years, with suspended 8 years for good behavior, Ifeanyi Okowa should be bargaining his own plea deal of for a reduced prison sentence.

1 Like 1 Share

Re: States FAAC From January To August by Lanre1st(m): 6:59am On Nov 22, 2023
SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

sharing is base on what federal government is generating from their state, couple with their population

3 Likes

Re: States FAAC From January To August by delkuf(m): 7:03am On Nov 22, 2023
What is states like iike jigawa and kastina bring to Nigeria that they are enjoying billions of naira like that. States with zero percent input engulfing billions of naira. The buhari effects
Re: States FAAC From January To August by Nobody: 7:05am On Nov 22, 2023
Lanre1st:


Governors are big problem of the country. They need to be held accountable for their spending

They are crooks and a large reason why the country is a shithole.

1 Like

Re: States FAAC From January To August by Sirchiboy: 7:07am On Nov 22, 2023
Delta state highest yet refuse to pay gratuities to retired workers for years..
Re: States FAAC From January To August by SoNature(m): 7:07am On Nov 22, 2023
Lanre1st:


sharing is base on what federal government is generating from their state, couple with their population

That's not entirely true. They consider even the landmass...that's why many people are calling for true federalism. What each state contributes only applies to the 13% derivatives.

2 Likes

Re: States FAAC From January To August by Sirchiboy: 7:11am On Nov 22, 2023
10 Oil producing states shared N4.28 Trillion during Buhari's tenure.

Jun 2015 - May 2023

1 Delta: ₦1.26tn
2 Akwa Ibom: ₦1.03tn
3 Bayelsa: ₦813.7bn
4 Rivers: ₦787.5bn
5 Edo: ₦141.6bn
6 Ondo: ₦131.7bn
7 Imo: ₦67.1bn
8 Abia: ₦42bn
9 Anambra: ₦9.61bn
10 Lagos: ₦4.11bn
Re: States FAAC From January To August by Kenmatt(m): 7:12am On Nov 22, 2023
The issue is, why is it that the States getting this chunk of fund from FAAC thirteen percent derivation inclusive, her peollple are living in abject penury?

Akwa-Ibomites are known for menial jobs in Portharcourt while Bayelsans are for petty fish farming.

NB: I did not intent to cajole any part please.

2 Likes 1 Share

Re: States FAAC From January To August by Menclothing: 7:14am On Nov 22, 2023
Delta is the worst state in Nigeria voting same party without any development
Re: States FAAC From January To August by donproject2(m): 7:17am On Nov 22, 2023
Penguin2:
Two Southwest States in Top 10.

Only one Southeastern state in the Top 15.

Then remember that the entire Southeast region was ravaged by war and just rebuilding since after the war.

But yet buffoonss will be comparing their region with Southeast while their region is receiving the highest money from FAAC and never faced intentional destruction.

Make shame dey catch una small na.

SW will last last kill you people one day, you can't breathe without mentioning that region. While the stat shows 4 SS states in the list, you could only pick on SW region comparing it to that your forbidden land Yeast. Can you get a life by leaving SW out of your smelling mouth for once?

SW is not the cause of your doom, Ojukwu, Nnamdi Kanu, Samuel Ekpa, and all your politicians that would all run away after plunging you into serious wahala should be hold responsible for your plight. Get a life bro...

5 Likes

Re: States FAAC From January To August by Sunmolar(m): 7:46am On Nov 22, 2023
Skyview01:
The big question is, what have the governors been doing with the share of allocations.?

Can someone help me with an answer?

There's need for a forum to checkmate the financial activities of these governors by concerned citizens. When there's no transparency in governonce thief's in power will continue to use the bad wagon effect to improverish the populace
Re: States FAAC From January To August by Apel147(m): 7:56am On Nov 22, 2023
I knew one disgruntled element with zero contribution to national development would sneak in this old narrative, go and find out dude, Nigeria is generating more revenue from taxes more than from oil presently! Beside apart from a lil exploration from imo and Edo accounting for less than 2% of it, Anambra and Abia are yet to contribute a single drop of crude to national coffers! Go and find out!!!



SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Imo, Abia, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

5 Likes 1 Share

Re: States FAAC From January To August by COMPAQ(m): 8:04am On Nov 22, 2023
SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Imo, Abia, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

Check the production in those states first before you come and start whipping up sentiment here. None of those states produce any meaningful volume. 95%of our crude comes from Delta, Rivers, Akwa Ibom and Bayelsa.

https://www.thevaluechainng.com/list-of-states-in-nigeria-with-the-highest-production-of-crude-oil/

None of those states are even in the Niger Delta.

3 Likes

Re: States FAAC From January To August by ObidenceNeckpre: 8:10am On Nov 22, 2023
senseless excuse, with una claims that u igbos are developers of other people's land u still giving foollish excuse of civil war grin grin grin grin grin eleribu shameless pig ,what happen to all the household in Anambra state are billionaires ?? shocked shocked shocked shocked
Penguin2:
Two Southwest States in Top 10.

Only one Southeastern state in the Top 15.

Then remember that the entire Southeast region was ravaged by war and just rebuilding since after the war.

But yet buffoonss will be comparing their region with Southeast while their region is receiving the highest money from FAAC and never faced intentional destruction.

Make shame dey catch una small na.

3 Likes

Re: States FAAC From January To August by obonujoker(m): 8:26am On Nov 22, 2023
SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Imo, Abia, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

What has Niger Delta been doing with the ones they received?

1 Like

Re: States FAAC From January To August by Housing(m): 8:36am On Nov 22, 2023
SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Imo, Abia, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

Stop spreading misinformation, in the last two years tax revenue had been more than crude oil earnings. Moreover, the FAAC is calculated based on revenue generated, population and equity.

Some of those States actually have higher FAAC allocation but lesser FAAC allocation received due to external debts. Federal Government always deduct external debts commitment by each States before remittance of it's FAAC allocation due. E.g Ogun State and Lagos State

2 Likes

Re: States FAAC From January To August by Bestmanfornow: 8:49am On Nov 22, 2023
[i][/i]
Sirchiboy:
10 Oil producing states shared N4.28 Trillion during Buhari's tenure.

Jun 2015 - May 2023

1 Delta: ₦1.26tn
2 Akwa Ibom: ₦1.03tn
3 Bayelsa: ₦813.7bn
4 Rivers: ₦787.5bn
5 Edo: ₦141.6bn
6 Ondo: ₦131.7bn
7 Imo: ₦67.1bn
8 Abia: ₦42bn
9 Anambra: ₦9.61bn
10 Lagos: ₦4.11bn
Lagos isn't producing oil
Re: States FAAC From January To August by Timmi: 8:54am On Nov 22, 2023
SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Imo, Abia, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

The top five(5) on the list except Lagos are oil producing States from the South South. Read to understand and learn to comprehend what you read before complaining and your zombie followers clicking “like” can’t read and just brainless follow follow

2 Likes

Re: States FAAC From January To August by DECLAN2015(m): 9:09am On Nov 22, 2023
Penguin2:
Two Southwest States in Top 10.

Only one Southeastern state in the Top 15.

Then remember that the entire Southeast region was ravaged by war and just rebuilding since after the war.

But yet buffoonss will be comparing their region with Southeast while their region is receiving the highest money from FAAC and never faced intentional destruction.

Make shame dey catch una small na.


Excuses and gnashing of teeth
You brougt the war on youself

2 Likes

Re: States FAAC From January To August by happney65: 9:42am On Nov 22, 2023
SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Imo, Abia, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

It's not about being scammed or not. It's about the local government in each state. Most of these states you mentioned have more LG's than the other ones and are more populated than others.

A state that has 33 LG won't receive the same with a state that has 20LG's.
Re: States FAAC From January To August by codemaniacs: 10:20am On Nov 22, 2023
Apel147:
I knew one disgruntled element with zero contribution to national development would sneak in this old narrative, go and find out dude, Nigeria is generating more revenue from taxes more than from oil presently! Beside apart from a lil exploration from imo and Edo accounting for less than 2% of it, Anambra and Abia are yet to contribute a single drop of crude to national coffers! Go and find out!!!





Housing:


Stop spreading misinformation, in the last two years tax revenue had been more than crude oil earnings. Moreover, the FAAC is calculated based on revenue generated, population and equity.

Some of those States actually have higher FAAC allocation but lesser FAAC allocation received due to external debts. Federal Government always deduct external debts commitment by each States before remittance of it's FAAC allocation due. E.g Ogun State and Lagos State

you guys have been deceived..

Tax revenue can never ever be more than crude oil revenue and even the tax is gotten from taxation of crude oil extracting and petroleum companies...

you are the ones spreading fake news

1 Like

Re: States FAAC From January To August by Creditalerts: 10:25am On Nov 22, 2023
Wetin delta state dey do with their money after them go blame tinubu 🤦🏾🤦🏾🤦🏾

2 Likes

Re: States FAAC From January To August by casualobserver: 10:41am On Nov 22, 2023
SoNature:
Interesting to see states with no single drop of oil and bring nothing to the centre like Katsina, Borno, Kano, Oyo and Jigawa getting more from the centre than states with crude oil like Edo, Imo, Abia, Anambra and Ondo. Meanwhile, crude oil sales account for over 85% of federal government earnings. Niger Delta states have been scammed!

Crude does not account for 85% of govt earnings. It constitutes the major source of forex not overall revenue.

The majority of govt revenue comes from customs duty, company tax and Vat.

VAT alone was 1/3rd of FAAC allocation in September for example.

If oil production is low, and the cost of production goes up then revenue from oil will go down and oil producing states will not get as much as they previously did.

It will surprise you that because oil production has fallen so much some of the states you mention bring more non oil revenue to the Centre than some of the states you mentioned bring from oil.

2 Likes 1 Share

Re: States FAAC From January To August by Sucre7: 10:45am On Nov 22, 2023
Penguin2:
Two Southwest States in Top 10.

Only one Southeastern state in the Top 15.

Then remember that the entire Southeast region was ravaged by war and just rebuilding since after the war.

But yet buffoonss will be comparing their region with Southeast while their region is receiving the highest money from FAAC and never faced intentional destruction.

Make shame dey catch una small na.


War since how many years ago ? Stop making excuses for mediocrity. The leaders in South east have failed their people. They are only there for themselves and the people donth hold them accountable.

2 Likes 1 Share

Re: States FAAC From January To August by Danmisra(m): 10:49am On Nov 22, 2023
oluwaseyi0:
In as much as Buhari and Tinubu are terrible, this governors are actually the real terrorist, mass looters and enemy of the people
Oga you are right. How can governors be receiving money every month and money like Paris cub, Corona ,etc money in billions but they just siphoning the money but they will continue to blend FG. Citizen need to hold their governors accountable sincerely speaking. One will be wondering the likes of Zulum, are they not human beings ? May God save us

1 Like 1 Share

Re: States FAAC From January To August by Burob: 10:59am On Nov 22, 2023
Penguin2:
Two Southwest States in Top 10.

Only one Southeastern state in the Top 15.

Then remember that the entire Southeast region was ravaged by war and just rebuilding since after the war.

But yet buffoonss will be comparing their region with Southeast while their region is receiving the highest money from FAAC and never faced intentional destruction.

Make shame dey catch una small na.
Nonsense excuse, Dubai was still a desert, 3 years after the Nigerian civil war had ended.

1 Like

Re: States FAAC From January To August by Burob: 11:02am On Nov 22, 2023
codemaniacs:






you guys have been deceived..

Tax revenue can never ever be more than crude oil revenue and even the tax is gotten from taxation of crude oil extracting and petroleum companies...

you are the ones spreading fake news
Nonsense, 1.3 million barrels of crude @ best a day, compared to the daily activities of over 70 million working class people?

Data is the new crude oil, even for the ignorant nonsense you posted, you have made a telecom company richer.
Re: States FAAC From January To August by tachia406: 11:34am On Nov 22, 2023
Benue is 15th on the list of highest earners but in the development index, it will be last or among the last. With Alia, hope has come

1 Like

Re: States FAAC From January To August by codemaniacs: 12:08pm On Nov 22, 2023
casualobserver:


Crude does not account for 85% of govt earnings. It constitutes the major source of forex not overall revenue.

The majority of govt revenue comes from customs duty, company tax and Vat.

VAT alone was 1/3rd of FAAC allocation in September for example.

If oil production is low, and the cost of production goes up then revenue from oil will go down and oil producing states will not get as much as they previously did.

It will surprise you that because oil production has fallen so much some of the states you mention bring more non oil revenue to the Centre than some of the states you mentioned bring from oil.

Burob:
Nonsense, 1.3 million barrels of crude @ best a day, compared to the daily activities of over 70 million working class people?

Data is the new crude oil, even for the ignorant nonsense you posted, you have made a telecom company richer.

Crude Oil creates other industries like aviation fuel industry, petroleum industry, diesel industry, kerosine, Liquified petroleum gases, petrochemical feedstock, plastics, clothing, gum e.t.c..

without crude oil the transport industry is dead and most businesses and companies in Nigeria rely on fuel or diesel for their generators to power their businesses.

the daily activities of over 70 million working class people in Nigeria requires crude oil and its by-products to be operational..

you have a mental problem if you believe crude oil does not contribute over 85% of Nigeria's revenue..
Re: States FAAC From January To August by SoNature(m): 12:22pm On Nov 22, 2023
Apel147:
I knew one disgruntled element with zero contribution to national development would sneak in this old narrative, go and find out dude, Nigeria is generating more revenue from taxes more than from oil presently! Beside apart from a lil exploration from imo and Edo accounting for less than 2% of it, Anambra and Abia are yet to contribute a single drop of crude to national coffers! Go and find out!!!


Ogbeni, go and rest. Abia and Anambra got their shares of the 13% derivations the last time.

There's no way you will have a cut of that money if you don't bring something to the table.
Re: States FAAC From January To August by casualobserver: 12:27pm On Nov 22, 2023
codemaniacs:





Crude Oil creates other industries like aviation fuel industry, petroleum industry, diesel industry, kerosine, Liquified petroleum gases, petrochemical feedstock, plastics, clothing, gum e.t.c..

without crude oil the transport industry is dead and most businesses and companies in Nigeria rely on fuel or diesel for their generators to power their businesses.

the daily activities of over 70 million working class people in Nigeria requires crude oil and its by-products to be operational..

you have a mental problem if you believe crude oil does not contribute over 85% of Nigeria's revenue..

If that is the angle you are coming from, You have an education deficiency if you don’t know that the oil industry is less than 15% of Nigeria’s GDP.

We are talking about revenue. The oil industry is becoming less and less a source of government revenue. Crude and gas are the biggest source of official forex but I am sure you will also argue ignorantly when I tell you Nigeria gets more forex from diaspora remittances than it gets from oil. Your cousin abroad who sends money to his parents bring in more forex for the country than Oil…..Shocking I know…but true!!!

Our economy has never been an oil economy. Our government revenue had been dependent on oil due to laziness. Don’t confuse the 2! The only major significance of the oil industry to Nigeria is as an official source of forex.

The largest companies in Nigeria are not oil companies. Of the top 10 listed companies in Nigeria only 1 is oil related and it is no 10 on the list and it is almost 1/5th the size of the company in no 5 slot which is a food company!
Nigerias richest men are not oil related. Food, telecoms, banking is where our economy is. Oil is really only important for forex. The money we are sharing every month, most of it is company tax, vat and customs duty. Please go and verify.

3 Likes

Re: States FAAC From January To August by Penguin2: 12:28pm On Nov 22, 2023
Burob:
Nonsense excuse, Dubai was still a desert, 3 years after the Nigerian civil war had ended.
So why is Southwest not better than Dubai?🤔

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