A new report
reveals that the 36 states and the 774 local government councils in
Nigeria shared a total sum of N2.8 trillion federal allocation from June
2015 to May 2016. The period represents the first year of President
Muhammadu Buhari’s administration.
An exclusive report by the Economic Confidential,
an intelligence economic magazine, disclosed that the total figure was
payment made to the two tiers of government between June 2015 and May
2016 at the monthly meeting of the Federation Account Allocation
Committee (FAAC)..
In the report, Lagos state is ranked
first as the highest recipient of gross allocation with a total sum of
N178 billion in the twelve months. It is followed by Akwa State N173
billion, Delta State N144 billion, Rivers State N130 billion, and Kano
State N117 billion. The five states cornered a quarter (25%) of the
total allocation for the States and local government councils in Nigeria
within the one year period.
Among the 10 highest recipients from the
federation account are Bayelsa State which got N95 billion; followed by
Katsina State N88 billion, Oyo State N84 billion, Kaduna State N83
billion, and Borno State N78 billion.
The lowest recipients are Gombe and
Ebonyi States that got N49 billion each followed by Ekiti and Nasarawa
States N50 billion each and Kwara N52 billion.
The report further disclosed that Edo
and Ondo which are oil-producing states got N66 billion and N71 billion
respectively while another state in the South-South, Cross River State
merely received N59 billion.
The Economic Confidential
gathered that factors that influence allocation to states and local
government councils from the federation account include: population,
derivation, landmass, terrain, revenue effort, school enrollments,
health facilities, water supply, and equality of the beneficiaries.
The Economic Confidential which
has been publishing the monthly federation account allocation figures
in the print edition of the magazine since January 2007, has commenced
the publication of the monthly allocation in its online version.
The magazine is a sister publication of PRNigeria, a news release syndication platform.
Please see the breakdown of the allocations to states and their local government councils from the table at the Economic Confidential below:.
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