A new report by the Economic Confidential has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.
The allocations were made after the monthly meetings of the Federation Account Allocation Committee (FAAC) in 2018.
The current sources of revenue flow into the Federation Account are revenue collected by agencies of the federal government with little or no contributions from states and local government councils.
While the federal government and its agencies under the administration of President Muhammadu Buhari received a total sum of N3.48 trillion, the other tiers, states and local government councils, shared a total sum of N4.5 trillion in 2018. Meanwhile, in 2017 the federal government and its agencies had received N2.5 trillion while the other tiers of government shared N3.3 trillion.
In its annual detailed investigative report with a table of figures, the Economic Confidential disclosed that among the state recipients, Delta is ranked first as the highest recipient of gross allocation with a total sum of N285 billion in the twelve months of 2018.


It is followed by Akwa State N272bn, Lagos N260bn, Rivers N237bn and Bayelsa N192bn. The five states cornered over a quarter (25 per cent) of the total allocation for the states and local government councils in Nigeria in 2018.
Among the 10 highest recipients from the Federation Account in 2018 included Kano State which got N183bn, Katsina N138bn, Oyo N131bn And Kaduna N131bn


The report further disclosed that Edo and Ondo, which are oil-producing states, got N112bn and N108bn respectively while another state in the South-South, Cross River State, merely received N91bn


The Economic Confidential, Nigeria’s intelligence economic magazine, gathered that factors that influence allocations to states and local government councils from the Federation Account include: Population, Derivation, Landmass, Terrain, Revenue Effort, School Enrolments, Health Facilities, Water Supply and Equality of the beneficiaries.
The revenue generating agencies to the Federation Account are the Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS) and Department of Petroleum Resources (DPR).
The revenues come from Export Crude Sales, Domestic Crude Sales, LPG, NLNG, Petroleum Profit Tax (PPT), Company Income Tax (CIT), Withholding Tax (WHT), Import Duty, Excise Duty, Royalties, Gas Flared and miscellaneous oil revenue such as Oil Prospecting License and oil Mining Licence.
The Economic Confidential which is circulated at the monthly meeting of the Federation Account Allocation Committee (FAAC) has been publishing the monthly FAAC figures since January 2007.
It also publishes the Annual States Viability Index (ASVI) which measures the likely survival of states on their Internally Generated Revenue (IGR) without relying on federally collected revenues, especially from the Federation Account.
https://www.premiumtimesng.com/news/headlines/326446-delta-akwa-ibom-received-highest-as-fg-states-lgs-shared-n8-trillion-in-2018.html

Lagos is 3rd on the list, and the money was driven into a private compound with bullion van at bourdilion road. Such A Waste.

This begs the question. Which state is the largest oil producing state in Nigeria at the moment? Prior to 2007 it was Delta, then it was Rivers before Akwa Ibom overtook. Seems Delta is now the largest oil producing state in the country. Any data to that effect?

Good

LordVarys:
This begs the question. Which state is the largest oil producing state in Nigeria at the moment? Prior to 2007 it was Delta, then it was Rivers before Akwa Ibom overtook. Seems Delta is now the largest oil producing state in the country. Any data to that effect?

The data is hidden, only the north knows.

SLAP44:
Lagos is 3rd on the list, and the money was driven into a private compound with bullion van at bourdilion road. Such A Waste.

Make Your obsession about tinubu nor kill you one day.

The Delta that is consistently first what have they achieved with the money.

zlantanfan:
Make Your obsession about tinubu nor kill you one day

It must have pained you?

SLAP44:


It must have pained you?

No its becoming stale and irritating.

You are bayelsan but tinubu (a private citizen) in Lagos is causing fluid to leak from your brain in far away yenegoa.


Why not get concerned about the dunce you elected that cant pay salaries in 8 LGA


(Since 1999 to date if bayelsa been top four earnerns can concentrate two years on a LGA, its enough to turn just 8 LGA to Johannesburg at leat).

zlantanfan:
No its becoming stale and irritating.

If you are a lagosian (which is highly impossible) why not vote against APC and shut up, is tinubu (a private citizen) the cause of the fluid that is leaking from your brain?

Sifia pains

SLAP44:
Lagos is 3rd on the list, and the money was driven into a private compound with bullion van at bourdilion road. Such A Waste.

just let this sink in bayelsa is 5 highest earner with 8 LGA but can't pay salaries.

zlantanfan:
just let this sink in bayelsa is 5 highest earner with 8 LGA but can't pay salaries.

My Bayelsa is still better than your Lagos.

SLAP44:


My Bayelsa is still better than your Lagos.

lol.

Yenegoa can't even compete with port Harcourt, Benin, calabar, asaba.

It is the most backward state in south south.


You only hear it on states and capital till date if not for gej that made people aware its a state

zlantanfan:
fayose and his brain paralysed minors like you have always been the ones associated with such ailment

Then why have you bn wailing all over the thread like a rat on menses?

SLAP44:


Then why have you bn wailing all over the thread like a rat on menses?

Again wailing is a syndrome associated with a specific unfortunate group of people.

Rivers, Delta and Bayelsa;

What are your governors doing with your money?

Nice One

Well deserved
Lagos is third...useless State and its capital
One mister Tinubu wanted apc to win Delta, Akwa Ibom and Rivers
God forbid
Useless APC politician
Now he wants Gbajabiamala to be speaker to pass Lagos as special status city

Delta?

Delta and Bayelsa are the most dussapointing states in the SS.

Those 2 states should each have at least a state-owned fishing company with dozens of trawlers going out to fish in the High seas.

They should have school for water sports where their indigenes can learn and compete internationally.

Instead, they elect idiots like Udu, Okowa, Seriake and Timipre to lead them. Small Akwa Ibom of yesterday has left those idiots behind.

Okowa should be pounded with Banga to make soup

So much money yet little to no improvement in Delta State. Our leaders are cursed

SLAP44:


My Bayelsa is still better than your Lagos.

Bayelsa that is not as developed as Ikorodu.

Guy, borrow your neighbour's brain if yours is on holidays.

E pain themmmmm

tesppidd:
Rivers, Delta and Bayelsa;

What are your governors doing with your money?

It's a shame

...and higher percentage of Akwa Ibom indigenes still wallow in extreme poverty while few are extremely rich.

The resources of Nigeria is been shared according to LGA, meaning Kano state with 44Lga will get 4times of what Bayelsa with 8LGA gets, During OBJ's era Alamieyeseigha created 24 additional Lga, Tinunu did same in Lagos, the most populated state in the country having just 20Lga but Obj a southerner refused to recognize any



Oya let's talk

Ok



I build websites and I am based in Abuja, see my signature
I build websites and I am based in Abuja, see my signature

And so what

E concern me??
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NO

Imagine.... Delta, Akwa Ibom, Rivers and bayelsa all in top 5.... Very soon, their pikins go begin blame Buhari. Some1 should pls tell me what their governors did with the money dey received.

Still on my point. Development of d country depends on d state governors and not d president.