Breakdown of N516bn Allocations shared by the 36 States, Osun got N868.9m in September, 2016

The breakdown in a report obtained from a source at the office of the Accountant-General of the Federation in Abuja on Sunday.

The Federation Account Allocation Committee (FAAC) meeting in September, federal, states and local governments shared N516 billion as against the N530 billion that was shared in August. The breakdown after some deductions l which included bailout funds were made is as follow:

Abia : N3.01 billion
Adamawa : N3.14 billion
Anambra : N3.43 billion,
Bayelsa: N7.6 billion,
Bauchi: N3.52 billion,
Benue : N3.37 billion,
Borno : N3.9 billion,
Cross River: N2.04 billion,
Delta: N7.39 billion,
Ekiti: N2.16 billion,
Edo: N2.54 billion,
Ebonyi: N2.99 billion,
Enugu : N3.34 billion,
Gombe : N2.61 billion,
Imo : N2.97 billion
Jigawa: N3.82 billion,
Kaduna: N4.23 billion,
Kano: N5.2 billion,
Katsina: N4 billion,
Kebbi : N3.36 billion
Kogi : N3.39 billion.
Kwara : N2.77 billion.
Lagos N7.92 billion,
Nassarawa : N2.92 billion,
Niger : N3.49 billion
Ogun : N2.16 billion,
Ondo : N4.18 billion,
Osun : N868.9 million,
Oyo : N3.53 billion,
Plateau : N2.31 billion,
Rivers: N9.05 billion
Sokoto: N3.62 billion,
Taraba: N2.89 billion
Yobe : N3.29 billion,
Zamfara: N2.58 billion.

The amount distributed included the Gross Statutory revenue, Value Added Tax, exchange gain, N35 billion excess Petroleum Profit Tax and 13 percent derivation to oil producing states.

The oil producing states are Abia, Akwa Ibom, Bayelsa, Delta, Edo, Imo, Ondo and Rivers.

The report also revealed that the Federal Capital Territory got N4.7 billion from the Federal Government’s share of the distributable revenue in September.