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See How Much Each State Got From Federation Account In July2016 - Politics - Nairaland

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See How Much Each State Got From Federation Account In July2016 by investnow2013: 10:42am On Oct 19, 2016
How much each State got as Allocation from FG In July 2016
Posted By: Breaking Timeson: August 05, 2016In: Abuja, Nation, News, Nigeria3 Comments Print Email
The 36 states in July shared N145 billion from the Federation Account as their share of what the country generated as revenue from June and shared in July.
The breakdown is contained in a report obtained by the News Agency of Nigeria on Thursday from a source at the office of the Accountant-General of the Federation.

NAN recalls that at the last Federation Account Allocation Committee meeting held in July, federal, states and local governments shared N559 billion as against the N305 billion that was shared before that.
The Minister of Finance, Kemi Adeosun, attributed the increase, which is the highest for the administration, to efficiency in collection by revenue generating agencies, especially the Federal Inland Revenue Service.

However, a source at the office of the Accountant-General’s Office said the increase was simply companies paying their Company Income Tax.
The person said CIT was usually paid between June and August every year.

He said: “If you follow revenue trend, you will notice that the federation’s revenue goes up around these period, so it’s nothing new.”

The report showed that the revenue distributed included the Gross Statutory revenue, Value Added Tax, exchange gain, solid minerals revenue from 2007 to 2014 and 13 per cent derivation to oil producing states.

The report showed that before distribution, state liabilities were deducted.

The liabilities included external debt of N1.67 billion, contractual obligations of N10.62 billion and other deductions amounting to N17.1 billion.

The report showed that other deductions cover National Water Rehabilitation Projects, National Agricultural Technology Support, Payment for Fertilizer, State Water Supply Project, State Agriculture Project and National Fadama Project.
To sum it up, here is what the 36 states got after all deductions were made:

Abia N3.55 billlion,
Adamawa N3.53 billion,
Cross River N2.65 billion,
Ekiti N2.42 billion,
Edo N2.9 billion,
Kaduna N4.79 billion,
Kano N5.95 billion,
Lagos N8.30 billion,
Rivers N6.82 billion
and Zamfara, N2.95 billion.
Delta N5.1 billion,
Anambra N3.82 billion,
Benue N3.89 billion,
Borno N4.2 billion,
Ebonyi N3.40 billion,
Enugu N3.72 billion,
Gombe N2.89 billion,
Nassarawa N3.31 billion,
Imo N3.7 billion
and Kano N3.89 billion.
Yobe got N3.67 billion,
Taraba N3.36 billion,
Sokoto N4.08 billion,
Plateau N2.81 billion,
Oyo N4.13 billion,
Osun N1.2 billion,
Ondo N3.7 billion,
Ogun N2.83 billion,
Niger N3.82 billion
and Kebbi N3.78 billion.
Also, Katsina got N4.49 billion,
Bayelsa N4.98 billion,
Bauchi N4 billion,
Jigawa N4.25 billion,
Kebbi N3.78 billion
and Kwara N3.07 billion.

The report also showed that the Federal Capital Territory got N5.2 billion from the Federal Government’s share of the distributable revenue for the month of June, shared in July,
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Re: See How Much Each State Got From Federation Account In July2016 by investnow2013: 10:46am On Oct 19, 2016
NDI ANAMBRA, Do You Know That The State's Share From The Federation Account For The Month Of June Is Cumulatively N3.82 Billion? And that our total netting for same month is in excess of N8 Billion?

Here's the summary: When N3.82 Billion is added to the N1.4 billion (as we are told) netted monthly as IGR and ANOTHER N2,990,362.72 that accrued to the 21 LGAs in the state for the same month of June, it would mean that the state's netting for the month came to over N 8.12 billion.

How sincere are they when they bandy the barefaced LIE that His Excellency is doing more with less? Or when they tell us that there's no fund for capital projects? Or that Allocation has dropped by more than 50%?

Ndi Anambra, nakwanu echeki o!. Cc:Lalasticlala!!!
Re: See How Much Each State Got From Federation Account In July2016 by Africonji: 10:48am On Oct 19, 2016
OP, what is the point of this news? This news is from August, we are in October. Where are August and September figures?
Re: See How Much Each State Got From Federation Account In July2016 by investnow2013: 10:50am On Oct 19, 2016
Africonji:
OP, what is the point of this news? This news is from August, we are in October. Where are August and September figures?
The August & September figures are much more highier than July!!!
Re: See How Much Each State Got From Federation Account In July2016 by WowSweetGuy(m): 10:50am On Oct 19, 2016
That 4bn+ entering into Kastina is going into d Duara farm... Y should they get high undecided
Re: See How Much Each State Got From Federation Account In July2016 by sarrki(m): 10:52am On Oct 19, 2016
Yet we blame the central

What are all these emperor called governor doing ?
Re: See How Much Each State Got From Federation Account In July2016 by investnow2013: 10:55am On Oct 19, 2016
Our IGR in Anambra State is also increasing and lower debt profile, I do believe that we are much better!!!. Our govt must also hit the ground running immediately on abandoned projects especially roads, Hospitals, Stadium etc!!!..... Anambra kachanuoooo!!!
Re: See How Much Each State Got From Federation Account In July2016 by investnow2013: 10:57am On Oct 19, 2016
Where is Lalasticlala
Re: See How Much Each State Got From Federation Account In July2016 by saintkel(m): 11:12am On Oct 19, 2016
Nasarawa got 3billion?, almost d same with Anambra n yet d Governor won't pay his staffs?
Re: See How Much Each State Got From Federation Account In July2016 by TippyTop(m): 11:30am On Oct 19, 2016
Buhari state got N4.49 billion, almost twice the amount my oil producing state got.

All hail the Tribalist in charge.
Re: See How Much Each State Got From Federation Account In July2016 by overall90: 11:59am On Oct 19, 2016
TippyTop:
Buhari state got N4.49 billion, almost twice the amount my oil producing state got.

All hail the Tribalist in charge.

It's not Buhari making.
It was done by the military constitution called the 1999 constitution where in land mass is one of the criteria used for fund sharing.
Just look at the the number of northern states earning more than the oil producing states ,add that to the number going to their many local governments and you have an idea of how this people have been siphoning all the oil wealth and yet some people keep talking about 13% derivation.
Re: See How Much Each State Got From Federation Account In July2016 by investnow2013: 1:09pm On Oct 19, 2016
overall90:


It's not Buhari making.
It was done by the military constitution called the 1999 constitution where in land mass is one of the criteria used for fund sharing.
Just look at the the number of northern states earning more than the oil producing states ,add that to the number going to their many local governments and you have an idea of how this people have been siphoning all the oil wealth and yet some people keep talking about 13% derivation.
You either have a Country that is fair & Competitive or You don't!
Re: See How Much Each State Got From Federation Account In July2016 by mikolo80: 2:49pm On Oct 19, 2016
overall90:


It's not Buhari making.
It was done by the military constitution called the 1999 constitution where in land mass is one of the criteria used for fund sharing.
Just look at the the number of northern states earning more than the oil producing states ,add that to the number going to their many local governments and you have an idea of how this people have been siphoning all the oil wealth and yet some people keep talking about 13% derivation.
wait Abeg is local govt allocation different from state
Re: See How Much Each State Got From Federation Account In July2016 by mikolo80: 2:51pm On Oct 19, 2016
investnow2013:
You either have a Country that is fair & Competitive or You don't!
is it fair that the Lion eats the antelope and the antelope can't fight back. Pump complaining and work with what you've got
Re: See How Much Each State Got From Federation Account In July2016 by DaudaAbu(m): 3:06pm On Oct 19, 2016
This here is the revenue sharing formula

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