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Allocation Committee (FAAC) NATIONAL BUREAU OF STATISTICS Federation Account Allocation Committee (FAAC) (JANUARY 2018 Disbursement) Report Date: February 2018 Data Source: National Bureau of Statistics / Office of The Accountant General of The Federation Contents E x e c u t iv e S u m m a r y ..................................................................................................................................................................... 1 Federation Account Allocation Com m ittee (FAAC) January 2018 Disbursement Summary of Gross Revenue Allocation by FAAC for the Month of December, 2017 Shared in January, 2018 2 Distribution of Revenue Allocation to FGN by FAAC for the Month of December, 2017 Shared in January, 2018 4 Distribution of Revenue Allocation to State and Local Governm ents by FAAC for the month of Decem ber, 2017 Shared in January, 2018 Abia.......................................................................................................................................................................................................................... 6 Adamawa................................................................................................................................................................................................................... 8 Akwa -ibom ........................................................................................................................................ 11 Anambra............................................................................................................................................ 14 Bauchi.............................................................................................................................................. 17 Bayelsa 20 Benue 22 Borno 25 Cross River 28 De|ta 30 Ebonyi...................................................................................................................................................................................................................... 33 Edo ■ 35 Ekiti......................................................................................................................................................................................................................... 37 Enugu ............................................................................................................................................ 39 Gombe 41 'm° .......................................................................................................................................................................................................................... 43 Jigawa 46 Kaduna ............................................................................................................................................ 49 Kano ....................................................................................................................................................................................................................... 52 Katsina 56 Kebbi ....................................................................................................................................................................................................................... 59 Kogi ......................................................................................................................................................................................................................... 62 Kwara .............................................................................................................................................. 65 Lagos ....................................................................................................................................................................................................................... 67 Nasarawa 70 Niger ....................................................................................................................................................................................................................... 72 Ogun ....................................................................................................................................................................................................................... 75 Ondo ....................................................................................................................................................................................................................... 78 Osun ....................................................................................................................................................................................................................... 80 Oyo......................................................................................................................................................................................................................... 83 Plateau............................................................................................................................................. 86 Rivers ...................................................................................................................................................................................................................... 88 Sokoto ..................................................................................................................................................................................................................... 91 Taraba ...................................................................................................................................................................................................................... 94 Yobe ........................................................................................................................................................................................................................ 96 Zamfara ............................................................................................................................................ 98 A p p e n d i x .........................................................................................................................................................................................................100 M e t h o d o l o g y ............................................................................................................................................................................................ 118 A c k n o w le d g e m e n t s a n d C o n t a c t s ................................................................................................................................119 Executive Summary The Federation Account Allocation Committee (FAAC) disbursed the sum of N655.18bn to the three tiers of government in January 2018 from the revenue generated in December 2017. The amount disbursed comprised of N538.51bn from the Statutory Account and N83.96bn from Valued Added Tax (VAT). Also N14.713bn and N16.055bn were distributed as FOREX Equalisation while an excess bank charges of N1.938bn recovered was also distributed. Federal government received a total of N278.73bn from the N655.18bn shared. States received a total of N175.55bn and Local governments received N132.48bn. The sum of N51.74bn was shared among the oil producing states as 13% derivation fund. Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N4.12bn, N7.44bn and N3.10bn respectively as cost of revenue collections. Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that the sum of N240.98bn was disbursed to the FGN consolidated revenue account; N5.06bn shared as share of derivation and ecology; N2.53bn as stabilization fund; N8.50bn for the development of natural resources; and N5.83bn to the Federal Capital Territory (FCT) Abuja. Federation Account Allocation Committee (FAAC) January 2018 Disbursement Federation Account Allocation Committee (FAAC) January 2018 Disbursement Summary of Gross Revenue Allocation by FAAC for the month of December, 2017 Shared in January, 2018 BENEFICIARIES Statutory N251,520,782,110.14 Statu to ry N127,574,701,935.90 ? 14.713Bn FOREX ? 14.713Bn FOREX N6,743,168,790.78 N3,420,225,324.41 Distribution Distribution ? 16.055Bn FOREX ? 16.055Bn FOREX N7,358,342,569.74 N3,732,249,686.09 Distribution Distribution ? 1.938Bn Excess ? 1.938Bn Excess N1,021,301,740.44 N518,017,891.13 Bank Charges Rec Bank Charges Rec VAT N12,090,796,561.34 VAT N40,302,655,204.48 Total N278,734,391,772.45 Total N175,547,850,042.01 Statutory N98,354,747,749.98 Statu to ry N47,739,088,728.32 ? 14.713Bn FOREX ? 14.713Bn FOREX N2,636,850,362.38 N1,912,680,209.29 Distribution Distribution ? 16.055Bn FOREX N2,877,408,066.38 6 ? 16.055Bn FOREX N2,087,172,461.94 Distribution Distribution 13% ? 1.938Bn Excess ? 1.938Bn Excess N399,370,080.73 Bank Charges Rec Derivation Bank Charges Rec Fund VAT « © ► N28,211,858,643.14 VAT Total N132,480,234,902.60 Total N51,738,941,399.55 S tatu to ry < o + N3,638,296,721.61 Statu to ry N4,567,841,264.41 ? 14.713Bn FOREX ? 14.713Bn FOREX Distribution Distribution ? 16.055Bn FOREX ? 16.055Bn FOREX Distribution Distribution Cost of Cost of ? 1.938Bn Excess ? 1.938Bn Excess Collection Bank Charges Rec Collections Bank Charges Rec - NCS - FIRS VAT «© ►
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