BREAKDOWN OF FEDERAL ALLOCATION TO
THE VARIOUS STATES FOR THE MONTH OF JULY 2016 BY FAAC
Thirty-six states of the Federation
and the Federal Capital Territory, Abuja, collectively smiled home in the month
of July when they pocketed a whopping N673.324billion as their share of
statutory allocation and first tranche of the excess crude earnings
distribution for the period.
This was revealed in a document from
the office of the Accountant-General of the Federation titled: Distribution of
Statutory Allocation and Excess Crude Proceeds to the three tiers of Government
in July 2016, a copy of which THISDAY got yesterday.
The report showed that five of the
states: Rivers, Bayelsa, Delta, Akwa Ibom and Kano, catapulted themselves to
the two-digits wrung with each carting home between N10 billion and N25
billion.
Similarly, Nasarawa and Ekiti States
received N4.508 billion and N4.732 billion respectively. Other states which
also got huge amounts from the distribution include: Ondo with
N9,060,035,806.15 Lagos state got N8,299,806,965.06 Kaduna state got
N7,654,995,396.83 Imo state got N7,366,417,410.84 Borno state got
N7,276,602,098.96 Niger state got N7,151,791,231.47 Jigawa state got
N7,048,660,361.35
Leading the pack, Rivers state got a
grand total of N25,883 billion which is made up of N10.138 billion from 13 per
cent derivation, N12.803 billion from excess crude, N1.39 billion from
statutory allocation and another N1.5 billion excess crude for local
governments in the state.
Similarly, Bayelsa state received
N7.97 billion from the 13 per cent derivation account as well as N10 billion
from excess crude account. The state also had its accounts credited to the tune
of N538 million for its councils and another N597.7 million excess crude for
the same councils in the state.
In total, the state smiled home with
a whooping grand total of N19,197,410,863.92. In the same vein, Delta State
which garnered a total of N18.622billion, had its share broken down thus: 13
per cent derivation N6.977 billion; excess crude N8.734 billion; statutory
allocation for local governments N1.379 billion and excess crude distribution
to the councils N1.531 billion.
According to finance ministry
officials, what is being paid as proceeds of the difference between the
budgeted volume short fall from a current Niger Delta situation where Nigeria
is only producing about 2 million barrels of crude oil per day instead of the
OPEC allocation of 2.5 barrels per day matched against excess earnings of over
70 dollars per barrel when the budgeted reference price is 35 dollars.
THISDAY checks reveal that this is
the first of such payments as states will continue to enjoy this windfall over
the next several months. The fourth highest beneficiary and another oil
producing state of the Niger Delta, Akwa Ibom, has its breakdown as follows:
statutory allocation N6.458 billion, excess crude distribution N8.065 billion,
statutory allocations for state councils N1.569 billion while the excess crude
account for councils was credited with a whopping N1.738 billion. In total, the
state got N17,831,804,082.85.
The only non-oil producing state
that garnered over #10 billion was Kano. It got N10.776 billion and was
distributed as follows: statutory allocation N2.44 billion; excess crude N2.7
billion, statutory allocation for its 44 councils, N2.669 billion and excess
crude to same accounted for N2.959 billion.
Conversely, the FCT, Gombe, Ebonyi,
Nasarawa and Ekiti States went with the least allocations of between N73.3
million and N4 billion . While the document further showed that the FCT got its
accounts credited to the tune of N673.324 million, Gombe State became richer
with M4.435 billion lumped into its accounts.
(C) THISDAYNEWS
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