Posted by News Express | 5 February 2018 | 1,670 times
A new report by the Economic Confidential has disclosed that the Federal Government, the 36 states and the 774 local government councils in the country shared N5.9 trillion from the Federation Account in 2017, in spite of the economic recession witnessed during the period.
While the Federal Government and its agencies received NN2.5 trillion, the other tiers of government shared N3.3 trillion.
In its annual detailed investigative report with a table of figures, the Economic Confidential, Lagos State led its counterparts as the highest recipient of gross allocation with N201 billion in 2017. It is followed by Akwa Ibom State with N197 billion, Rivers N178 billion, Delta State N175 billion and Kano State N143 billion. The five states cornered over a quarter of the total allocation for the states and local government councils.
Among the 10 highest recipients are Bayelsa State, which got N138 billion followed by Katsina State N103 billion, Oyo State N101 billion, Kaduna State N98 billion and Borno State N92 billion.
The lowest recipients are Gombe and Ebonyi States that got N57 billion each, followed by Ekiti and Nasarawa State N59 billion each and Kwara State N61 billion.
The report further disclosed that Edo and Ondo States, which are oil-producing, got N75 billion and N85 billion respectively, while another state in the South-South, Cross River State merely received N68 billion.
The Economic Confidential, Nigeria’s intelligence economic magazine, gathered that factors that influenced allocations to states and local government councils from the Federation Account included: Population, Derivation, Landmass, Terrain, Revenue Effort, School Enrolments, Health Facilities, Water Supply and Equality of the beneficiaries.
The respected publication, which is circulated at the monthly meeting of the Federation Account Allocation Committee, has been publishing the monthly Federation Account Allocation figures since January 2007. It also publishes the Annual States Viability Index, which measures the survival of states on Internally Generated Revenue without relying on Federally Collected Revenues, especially from the Federation Account.
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