Federation Account Allocation Committee (May 2018 Disbursement – Download Full Report)



Distribution of Revenue Allocation to State Governments by FAAC for the month of April, 2018 Shared in May, 2018 – Scroll down to download Full Report in PDF

The Federation Account Allocation Committee (FAAC) disbursed the sum of N701.02bn to the three tiers of government in May 2018 from the revenue generated in April 2018. The amount disbursed comprised of N612.64bn from the Statutory Account, N87.97bn from Valued Added Tax (VAT) and N418.88m being excess bank charges recovered.

Get the latest BREAKING NEWS inside your e-mail address inbox; fill the form below and click the subscribe button

Federal government received a total of N289.04bn from the N701.02bn. States received a total of N181.96bn and Local governments received N137.33bn. The sum of N49.76bn was shared among the oil producing states as 13% derivation fund.

Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N4.61bn, N8.67bn and N4.06bn respectively as cost of revenue collections.

Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N247.12bn was disbursed to the FGN consolidated revenue account; N5.25bn shared as share of derivation and ecology; N2.62bn as stabilization fund; N8.82bn for the development of natural resources; and N6.05bn to the Federal Capital Territory (FCT) Abuja.

Read Also  9Mobile New Latest List Of Data Plans Subscription Codes & Prices
Summary of Distribution of Revenue Allocation to Local Government Councils by Federation Account Allocation Committee for the month of April, 2018 Shared in May, 2018

 

Download e-books for education and research for FREE - Click Here
S/n Beneficiaries No. of LGCs Gross Statutory Allocation Deduction Distribution of 0.419 Billion Being  ExcessBank Charges Recovered Value Added Tax Total Net Amount
1 ABIA 17           2,242,702,449.20                         –             1,791,023.86          522,382,116.89         2,766,875,589.95
2 ADAMAWA 21           2,828,847,259.42                         –             2,259,119.55          612,004,547.59         3,443,110,926.55
3 AKWA IBOM 31           3,767,858,318.69                         –             3,009,014.48          851,278,632.54         4,622,145,965.71
4 ANAMBRA 21           2,844,134,649.92                         –             2,271,328.07          685,447,204.80         3,531,853,182.79
5 BAUCHI 20           3,228,655,646.44                         –             2,578,406.82          677,799,482.28         3,909,033,535.54
6 BAYELSA 8           1,314,181,027.66                         –             1,049,505.96          316,198,450.69         1,631,428,984.30
7 BENUE 23           3,513,277,038.28    (139,538,498.52)             2,805,705.68          698,667,599.01         4,075,211,844.45
8 BORNO 27           3,814,366,018.41                         –             3,046,155.57          770,269,707.76         4,587,681,881.74
9 CROSS RIVER 18           2,459,001,635.16      (38,551,266.10)             1,963,760.55          530,520,332.01         2,952,934,461.62
10 DELTA 25           3,150,857,920.60                         –             2,516,277.50          792,788,513.63         3,946,162,711.74
11 EBONYI 13           1,819,010,933.51      (48,951,739.85)             1,452,663.50          394,297,766.06         2,165,809,623.23
12 EDO 18           2,410,832,780.41                         –             1,925,292.87          561,788,877.55         2,974,546,950.82
13 EKITI 16           1,914,288,654.92                         –             1,528,752.36          458,673,677.95         2,374,491,085.23
14 ENUGU 17           2,449,441,946.75                         –             1,956,126.18          543,440,450.39         2,994,838,523.32
Read Also  Airtel List Of Data Plan, Bundles, Subscription Codes And Prices

 

15 GOMBE 11           1,678,359,332.67      (53,983,557.43)             1,340,339.02          377,470,635.34         2,003,186,749.60
16 IMO 27           3,282,797,082.45                         –             2,621,644.22          771,814,357.76         4,057,233,084.43
17 JIGAWA 27           3,448,887,420.91                         –             2,754,284.08          817,444,597.92         4,269,086,302.92
18 KADUNA 23           3,878,600,480.09                         –             3,097,453.26          868,875,684.54         4,750,573,617.89
19 KANO 44           6,175,064,382.59                         –             4,931,411.05        1,497,994,861.88         7,677,990,655.53
20 KATSINA 34           4,701,181,622.90                         –             3,754,367.17        1,011,496,734.01         5,716,432,724.09
21 KEBBI 21           2,966,950,224.83                         –             2,369,408.68          605,094,611.96         3,574,414,245.46
22 KOGI 21           3,066,560,382.05      (89,972,595.51)             2,448,957.42          624,377,494.71         3,603,414,238.67
23 KWARA 16           2,169,912,676.93                         –             1,732,893.89          473,961,740.11         2,645,607,310.93
24 LAGOS 20           3,696,437,973.69                         –             2,951,978.14        4,558,399,744.05         8,257,789,695.88
25 NASSARAWA 13           1,935,936,101.76      (39,238,127.24)             1,546,040.02          376,137,049.82         2,274,381,064.37
26 NIGER 25           3,583,268,391.79                         –             2,861,600.83          725,098,675.26         4,311,228,667.88
27 OGUN 20           2,556,290,714.91    (115,776,950.40)             2,041,455.68          663,310,031.09         3,105,865,251.29
28 ONDO 18           2,441,419,329.47      (47,177,126.82)             1,949,719.31          562,939,388.65         2,959,131,310.61
29 OSUN 30           3,306,964,208.71      (82,028,645.40)             2,640,944.10          787,068,002.21         4,014,644,509.62
30 OYO 33           4,171,477,325.61      (83,688,581.46)             3,331,344.92        1,126,399,981.39         5,217,520,070.46

 

Read Also  Bitconnect (a Bitcoin lending and exchange platform) Shut Down! (A Must Read)
31 PLATEAU 17           2,614,957,363.81                         –             2,088,306.91          523,482,548.77         3,140,528,219.50
32 RIVERS 23           3,241,384,617.57                         –             2,588,572.19          971,870,066.67         4,215,843,256.44
33 SOKOTO 23           3,264,575,998.23      (35,989,038.17)             2,607,092.84          668,086,752.23         3,899,280,805.13
34 TARABA 16           2,446,810,632.51                         –             1,954,024.81          446,598,441.55         2,895,363,098.86
35 YOBE 17           2,460,053,658.91                         –             1,964,600.70          476,496,815.27         2,938,515,074.88
36 ZAMFARA 14           2,222,822,930.83                         –             1,775,148.06          469,789,723.23         2,694,387,802.12
37 FCT, ABUJA 6             981,752,607.98                         –                784,028.37        1,370,715,912.21         2,353,252,548.56
Total LGCs    108,049,921,740.56  (774,896,126.90)          86,288,748.64   29,190,481,209.80   136,551,795,572.11

Download Full Report Below:

Follow Us on FACEBOOK, TWITTER

Do You Know Nigeria? Attempt 10 simple questions on Nigeria for FREE and Win FREE N500 Airtime – Click Here to Participate!

For your news articles, press release, Breaking News, send e-mail to [email protected]

Click Here to Join Newsnow Nigeria WhatsApp Group for Breaking News Alerts