Ask Your Governor: How They Shared N713bn in October 2012

Posted: November 15, 2012 in Uncategorized

By Elombah Perspective

1. Ask your Governor: How They Share N658bn as Statutory Revenue and VAT Revenue in October 2012

A total sum of N658billion being the statutory and VAT allocations was shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in October, 2012.

From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom N17.6bn, Rivers receiving N14.4bn, Delta N14.4bn and Bayelsa N9.8bn.

The highest recipients from non-oil –producing states are Lagos N13.8bn and Kano N10.6bn.

The lowest recipients are Gombe N4bn, Nasarawa N4bn, Ebonyi N3.7bn and Ekiti N6.3bn.

The Economic Confidential also confirm other disbursements in October, 2012: Federal N198.5bn, FCT Councils N4.2bn, Nigerian Customs Service (NCS) N2.7bn, and Federal Inland Revenue Service (FIRS) N4.2bn.

2. Excess Crude Account: How They Share N35.54bn in October 2012

The Economic Confidential magazinE gave a detailed table of the distribution of N35, 549,235,691.43 from Excess Crude Saving Account being Sure-P for October, 2012 (September, 2012 Account)

3. NNPC Refund: How They Share N7.6bn in October 2012
The Economic Confidential also provided the table of distribution of N7,617,431,250.00 to States & Local Government Councils in October, 2012 being 14th refund made by the Nigeria National Petroleum Corporation (NNPC).

4. Budget Differential: How They Share N13bn in October 2012

The Economic Confidential provides the table of the distribution of N13,007,902,267.90 to States and Local Government Councils in Nigeria from excess oil revenue account being difference between budget & actual in October, 2012.

SOURCE: Economic Confidential

TRANSFORM NIGERIA CITIZENS INITIATIVE: Our vision is to develop that critical mass of citizens who are not only aware of their civic rights but also understand the need to fight for such rights and demand accountability from the leadership


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