₦airaland Forum

Ekiti State Allocation from the Federation Account (May 2016)

1. Statutory Allocation - N1,210,511,781.512. VAT - N626,846,172.583.
Recovered Excess Bank Charges - N9,989,368.694.
Exchange Rate Gains - N13,572,036.54
TOTAL ALLOCATION - N1, 860,919,359.32

DEDUCTIONS
1. Foreign Loan N30,217,966,492.
Contractual Obligation (ISPO) N397,196,808.003.
Commercial Agric Credit Scheme N23,120,001.444.
Bond Issuance - N102,458,000.015.
NUWSR (Water Project) - N41,112,500.006.
FG Salary Bailout - N86,405,567.03 (Not deducted)
7. Excess Crude Loan - N179,945,191.18(Not deducted)
8. Commercial Bank Loan - N248,153,651.78(Not deducted)
TOTAL DEDUCTION - N594, 105,275.94
NET ALLOCATION - N1, 266,814,083.38
Note:1. Total sum of N514, 504,409.99 (FG Salary Bailout, Excess Crude Loan and Commercial Bank Loan) was not deducted from the May allocation as part of FG assistance for the States. Total deduction ought to have been N1, 108,609,685.93 and this would have left the State with N752, 309,673.39.2. The Bailout Fund was taken to pay August and September, 2014 salary of workers (including political appointees) and May, June and July 2014 Cooperative and Unions Deductions that the APC govt of Dr Kayode Fayemi did not pay.3. If Ekiti State was not plunged into debt by the APC govt of Dr Kayode Fayemi and no deduction was made from theallocation, the State would have received N1, 860,919,359.32 for the month of May, 2016!4. Anyone or group with contrary information should supplyit to the public



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This is what accountability is, there's no money to pay the workers. Fayemi was spending N50mil doing up his bedroom.

TippyTop:
This is what accountability is, there's no money to pay the workers. Fayemi was spending N50mil doing up his bedroom.

Fayose is the most transparent governor I have ever soon. How many Governor in Nigeria as at today can dare publish their federal allocation? he left 10billion naira in his first tenure while Fayemi left huge debt and this APC psychopath cant see that...is pathetic. Even Ambode cant dare do it

Liars

spako4:
Liars

You don't need to come here and claim who is right or wrong. Let the FG and Fayemi counter the claim

See for yourself

Interesting

Fayose failed to publish the internally generated revenue so as far as am concerned no sincerity on his part.!what happens to the state generated revenues is it that it goes to his pocket or non generated.

atule185:
Fayose failed to publish the internally generated revenue so as far as am concerned no sincerity on his part.!what happens to the state generated revenues is it that it goes to his pocket or non generated.

People like you said he lied against Fayemi, he gave you a prove, now you talking about internal revenue. Anyway if you have ever visited Ado-Ekiti before, on the road to Fajuyi there is a wide screen board where Fayose usually announce the state revenue for the months. No Nigeria Governor as ever done that

Scammers everywhere you go

He should give us the same break down he gave for the state allocations people are not foolish as it were.

kinibigdeal:
People like you said he lied against Fayemi, he gave you a prove, now you talking about internal revenue. Anyway if you have ever visited Ado-Ekiti before, on the road to Fajuyi there is a wide screen board where Fayose usually announce the state revenue for the months. No Nigeria Governor as ever done that

Is his man insane?? Elections are far over but Fayose seems not to get it

it is still the same Fayose that keeps saying Buhari should stop blaming jonathan, yet since day 1 fayose has been calling fayemi's name relentlessly. Didi anybody force ekiti to collect bailout?? So why the nagging

All together I think this is the worst Government in the country right now, surpassed only by bayelsa. Fayose's case is worse cos of his extreme stupidity! the osun state he was laffing at has now been able to clear its debt, yet fayose keep buying bole and groundnut to deceive the silly wailers..awon oshi!

kinibigdeal:
You don't need to come here and claim who is right or wrong. Let the FG and Fayemi counter the claim

FG does not have his time
There are more serious issues at stake

blackpanda:
FG does not have his time
There are more serious issues at stake

Issues like receiving ear treatment abroad abi?

kinibigdeal:
Issues like receiving ear treatment abroad abi?

YES

kinibigdeal:
You don't need to come here and claim who is right or wrong. Let the FG and Fayemi counter the claim

Can we also have details of internally generated revenue so we can have a complete view of the State's income.

[size=18pt]Accountability at
it's peak[/size]. . . . Go Fayose!!

Pavore9:
Can we also have details of internally generated revenue so we can have a complete view of the State's income.

Waiting for Aregbesola, Ajimobi and Okorocha to follow suit. First, declare your state allocation from the federation account, then your IGR and how you disburse the funds. This is what we call transparency.


Good start Fayose, waiting for the remaining info on your IGR.

Thank you.

Firefire:
Waiting for Aregbesola, Ajimobi and Okorocha to follow suit. First, declare your state allocation from the federation account, then your IGR and how you disburse the funds. This is what we call transparency.


Good start Fayose, waiting for the remaining info on your IGR.

Thank you.

Yes, waiting for the remaining info on the IGR

Where did he get the #5bn+ he is currently wasting on an unneccesary airport in ado ekiti?

[size=18pt]And why has mod not deem it necessary to move this to front page. Is it because it concerns Fayose?[/size]

Validated:
[size=18pt]And why has mod not deem it necessary to move this to front page. Is it because it concerns Fayose?[/size]

maybe.

Hmmmm...EKITI

all na publicity stunts

Exchange rate gain on what? Is it on forex or crude oil

kinibigdeal:
People like you said he lied against Fayemi, he gave you a prove, now you talking about internal revenue. Anyway if you have ever visited Ado-Ekiti before, on the road to Fajuyi there is a wide screen board where Fayose usually announce the state revenue for the months. No Nigeria Governor as ever done that

The guy asked a valid question, where is the IGR, corporate taxes, parks, pits, market, stickers, interstate Agriculture revenue, state government investments remitance etc.
Think smart!
If there is no revenue to pay the workers, what are the workers there for?

TippyTop:
This is what accountability is, there's no money to pay the workers. Fayemi was spending N50mil doing up his bedroom.

See them. Super clowns. So the state genetes no kobo? Why is that one nor published? Besides why release only May allocations? Let him release all the allocations from when he became governor and all so complete info on IGR.

Offco is out there to deceive gullible folks like u. We know your type

koboko69:
See them. Super clowns. So the state genetes no kobo? Why is that one nor published? Besides why release only May allocations? Let him release all the allocations from when he became governor and all so complete info on IGR.

Offco is out there to deceive gullible folks like u. We know your type

Name the governors that have done this or forever shut up.
How many times did Aregbese open up his books when his workers were all on strike?

TippyTop:
Name the governors that have done this or forever shut up.
How many times did Aregbese open up his books when his workers were all on strike?

So all governors should come play the deceit tactics for people with low IQ to applaud? My friend get sense!

Hmm.

Federal and state governments really need to work together to solve this bankruptcy problem.

If close to 60% of states cannot pay salaries, then there's a problem.

Not time for blame game, but an actually solution.

[size=14pt]Why did he not include Internally generated Revenue (IGR)?

Is the state suppose to rely on federal allocation alone?
He is being smart by half. Because he game plan is to embezzle all the IGR.
He is only flashing May allocation for all to see.

He should publish the allocations and all the IGR in the last 6 months let us see[/size]

Lolz....fayose does not seem to amaze me