Fidelity bank card banner Camano banner
FG, 36 states share N2.56tr — Investigations •Akwa Ibom, Lagos, 8 other states top list

By News Express on 21/08/2017

Views: 1,385

•Finance Minister Kemi Adeosun
•Finance Minister Kemi Adeosun

The Federal Government, the 36 states of the federation and the Federal Capital Territory have so far shared N2.56 trillion in the first half of 2017 from the Federation Account Allocation Committee (FAAC), an investigation by Economic Confidential has revealed.

Diligent search and careful computation by the Economic Intelligence magazine show that apart from the Federal Government that got N1.09 trillion, Akwa Ibom State has the highest allocation among the states when it received N92.72 billion within the period under review with nine other states leading the pack.

These states are Lagos, which is second with N91.45 billion and Rivers with N81.41 billion. The fourth position was grabbed by Delta with N71.98 billion, while Kano had N62.90 billion, throwing a derivation state of Bayelsa to the sixth position with N61.45 billion.

Others among the first 10 states are Katsina in the seventh position garnering N44.80 billion, Oyo with N43.78 billion, Kaduna with N42.60 billion while 10th place surprisingly goes to Borno with N39.63bn despite the calamities that have befallen the Northeastern state.

The Economic Confidential's search further reveals that the states with the lowest allocation from the Federation Account within the period under review are Gombe which placed last with N24.87 billion, followed by Ebonyi with N24.91 billion in the 35th position, Nasarawa in the 34th position with N25.41 billion, while Ekiti and Kwara took the 33rd and 32nd positions respectively with N25.57 billion and N26.48 billion.

A graphic look at the six geopolitical zones in the country showed that the South-south states put together hits the No 1 position with N368 billion, the Northwest was second with N283 billion, sending the Southwest states to the third position with N262 billion.

The North Central geopolitical zone got N190 billion to stand at the fourth position, while the fifth and the sixth positions went to Northeast and Southeast with N189 billion and N154.7 billion respectively.

The Economic Confidential has been at the forefront of dishing out Federation Account allocations figures of all tiers of government in the last decade.

Source News Express

Posted 21/08/2017 12:50:14 AM

 

 

CLASSIFIED ADS

 

You may also like...
Bayelsa deploys $1m World Bank loan

Police begins mass recruitment April 1; PSC unveils...

Kaduna dissolves LG Interim Management Committees

Kabiru Sokoto: Judge lambasts SSS over shoddy prosecution...

Today’s Weather: NiMET predicts moderate dust haze in...

SEC to go ahead with forensic audit of...

Rivers APC declares Justice Omereji Commission illegal •Says...

France to fine Google, Apple

MTN denies illegal transfer of $14bn from Nigeria...

Conduct Tribunal storms Akwa Ibom to try 50...

Jonathan vs. Amaechi: Of abuse of power and...

Hostile neighbours

 

Latest News Police open fire on protesters in Benin, kill 2 Drama as lady slaps man in court, sent to Kirikiri Prisons Millions risk deportation from Nigeria over residence permits Banditry: We may starve to death, Sokoto communities cry out Ex-Governor Dankwambo under investigation, invited for questioning E-Payment: Panic as ATM machines catch fire in Calabar Nigerian Law School: 850 students pass resit exams, 724 fail Gov. El-Rufai creates 3 new ministries in Kaduna Onu not appointed SGF - Group Ekiti varsity queries lecturer over alleged sex-for-mark scandal Anti-Corruption: Agbakoba says Nigerian Government needs N5bn to prosecute cases Igwe is Unveiled as First Alumnus VC of UNN

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (493,903 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,196 views) Shameless Genevieve Nnaji exposes breasts in public (364,946 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (311,511 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (275,926 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (243,822 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (233,708 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (215,629 views) 10 cars more expensive than Jets (212,110 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,174 views) Lagos plane crash: Journalist releases victims’ names (184,345 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (183,655 views)

 

NNPC Financial reports February 2019

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (92) Business & Economy (4,308) Business Verdict (73) Columnists (1,051) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (622) Features (759) Global Business Monitor (377) ICT Monitor (53) International (3,585) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (303) News (47,376) Opinion (1,260) Pidgin (17) Politics (11,017) Religion (1,021) Sports (2,041) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera