• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

      EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences…

  • Fact-Check
  • Economy
    • Customs Partners US Mission to Prevent Expanded Visa Ban

      Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

      Comptroller General Nigerian Customs Bashir Adewale

      Customs Moves Against 223 Importers in N379bn Permit Breach

      Bashir Adewale Adeniyi Customs Boss

      How Customs is Tightening Borders to Stop Illicit Cash Flows –…

      Customs boss, CGC Bashir Adewale Adeniyi with NAFDAC DG Professor Moji Adeyeye

      Codeine, Tramadol Worth ₦20.5bn Seized as Customs-NAFDAC Cooperation Deepens

  • National
    • ICPC Boss, Musa Adamu and CG Customs, Bashir Adeniyi during his courtesy visit to ICPC office in Abuja

      Customs, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent Enforcement

      Police Spokesperson Muyiwa Adejobi Promoted to DCP

      Group Chief Executive Officer (GCEO), Bayo Ojulari

      Purported Resignation: Who are after NNPC Boss Bashir Ojulari

      Dr. Emmanuel Ojukwu and representatives at NIPR FCT the meeting

      NIPR FCT Chapter Focuses on Crisis Communication and Professionalism

      Inspector-General of Police Kayode Adeolu Egbetokun

      IG Boosts Police Intelligence Capacity with New Tech, Training for Technical…

    • Government
      • Group Chief Executive Officer (GCEO), Bayo Ojulari

        Purported Resignation: Who are after NNPC Boss Bashir Ojulari

        The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

        Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

        Dr. Emmanuel Ojukwu and representatives at NIPR FCT the meeting

        NIPR FCT Chapter Focuses on Crisis Communication and Professionalism

        Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

        FG Reacts to Niger Governor’s Closure of Badegi FM

        Northern leaders at Arewa Summit

        Northern Leaders Urge Action on Almajiri Crisis, Equitable Resources at Arewa…

  • Security
    • ICPC Boss, Musa Adamu and CG Customs, Bashir Adeniyi during his courtesy visit to ICPC office in Abuja

      Customs, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent Enforcement

      Police Spokesperson Muyiwa Adejobi Promoted to DCP

      After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver,…

      The Director of Defence Media Operations, Major-General Markus Kangye,

      Troops Eliminate Dozens of Terrorists, Arrest 578 Suspects in July Operations

      Inspector-General of Police Kayode Adeolu Egbetokun

      IG Boosts Police Intelligence Capacity with New Tech, Training for Technical…

  • Features
    • CG Customs Bashir Adewale Adeniyi

      Customs Just Wrote Nigeria’s Energy Rulebook

      Okello Oculi

      Okello Oculi: A Pan-Africanist Asteroid Burns out Forever By Is’haq Modibbo…

      Leon Usigbe

      Death, you can’t be Proud of this By Abdulrahman Abdulraheem 

      Tinubu’s Plateau Gambit – Yilwatda, 2027, and the Return of the…

      Ozumi and a recipient of a wheelchair

      Wheels of Hope: How a Simple Gift is Reshaping Lives at…

  • State
    • After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver,…

      court Judiciary

      Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

      Army Commander keeps 100 students in school

      Army Commander’s Compassion Keeps 100 Students in School in Zamfara

      Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, receiving the land document from Governor Pastor Umo Bassey Eno in Akwa Ibom

      Akwa Ibom Boosts National Security with Land Donation for Nigerian Air…

      Nigerian Army

      Army Denies Allegations of Misconduct in Imo Community

  • Event
    • The Paramount Ruler of Oka-Akoko, His Imperial Majesty Oba (Dr) Yusuf Adebori Adeleye, OON, the Olubaka of Oka

      Olubaka of Oka Praises Foundation for “Best Oka Day” Festival

      court Judiciary

      Lawyer Sues Housing Ministry, FHA Over Alleged Property Redesign

      Sam Obi Sponsors 500 students

      Sam Obi Sponsors 500 Students in Evergreen, SimplifiedIQ’s Education Program

      Comptroller General Customs Bashir Adewale and his staffs with the representatives of the European Union, the German Embassy

      Customs Unveils Renewable Energy Handbook, Strengthens EU-Germany-GIZ Partnership

      University of Maiduguri

      UNIMAID Mass Comm becomes Faculty of Communication and Media Studies

    • PR Nigeria Award
  • E-Paper
Home Economy Bumper Federation Account Allocations: FG, States, LGcs Share N5.9tr in 2017
  • Economy

Bumper Federation Account Allocations: FG, States, LGcs Share N5.9tr in 2017

By
Prnigeria
-
February 4, 2018
Ahmed+Idris+AGF FAAC
Ahmed+Idris+AGF FAAC

Bumper Federation Account Allocations: FG, States, LGcs Share N5.9tr in 2017
FG, N2.5tr, States N3.3tr
Lagos Got N201bn, Akwa-Ibom N197bn, … Gombe and Ebonyi N57bn each

A new report by the Economic Confidential has disclosed that the Federal Government, 36 states and the 774 local government councils in Nigeria shared a total sum of N5.9 trillion from the Federation Account in 2017 in spite of the economic recession witnessed during the period.

While the Federal Government and its agencies received a total sum of NN2.5 trillion while the other tiers of government shared N3.3 trillion.

The total allocation of N3.3tr to States and their Local Government Councils is N700 billion above the N2.6 trillion they received in the previous year of 2016.

In its annual detailed investigative report with a table of figures, the Economic Confidential disclosed that among the state recipients, Lagos is ranked first as the highest recipient of gross allocation with a total sum of N201bn in the twelve months of 2017. It is followed by Akwa State N197bn, Rivers N178bn, Delta State N175bn and Kano State N143bn. The five states cornered over a quarter (25%) of the total allocation for the States and local government councils in Nigeria.

Among the 10 highest recipients from the Federation Account are Bayelsa State which got N138bn; followed by Katsina State N103bn, Oyo State N101bn, Kaduna State N98bn and Borno State N92bn.

The lowest recipients are Gombe and Ebonyi States that got N57bn each followed by Ekiti and Nasarawa State N59bn each and Kwara N61bn.

Read Also:

  • Customs, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent Enforcement
  • Police Spokesperson Muyiwa Adejobi Promoted to DCP
  • Purported Resignation: Who are after NNPC Boss Bashir Ojulari

The report further disclosed that Edo and Ondo which are oil-producing states got N75bn and N85bn respectively while another state in the South-South, Cross River State merely received N68bn.

The Economic Confidential, Nigeria’s intelligence economic magazine, gathered that factors that influence allocations to states and local government councils from the Federation Account include: Population, Derivation, Landmass, Terrain, Revenue Effort, School Enrolments, Health Facilities, Water Supply and Equality of the beneficiaries.

The Economic Confidential which is circulated at the monthly meeting of the Federation Account Allocation Committee (FAAC) has been publishing the monthly Federation Account Allocation figures since January 2007. It also publishes the Annual States Viability Index (ASVI) which measures the survival of States on Internally Generated Revenue (IGR) without relying on Federally Collected Revenues, especially from the Federation Account.

The magazine is a sister publication of PRNigeria, a news release syndication platform.

The Weblink to the story: Bumber Federation Account: https://economicconfidential.com/featured-post/federal-account-allocations-2017/

Table of Federation Account Allocation January to December 2017 https://economicconfidential.com/wp-content/uploads/2018/02/Econ-Faac-January-December-2017-PDF.pdf

2016 REPORTS
Windfall Amidst Recession: States, LGs Share N2.6tr in 2016
Read: https://economicconfidential.com/faac/states-lgs-share-n2-6tr-2016/

2016 Viability Index: Lagos Generates More IGR than 30 States Combined
Read: https://economicconfidential.com/financial/facts-a-figures/asvi-lagos-igr-30-states/

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • 2017
  • Economic Confidential
  • economic recession
  • faac
  • Federation Account
  • Nigeria
Previous articlePosers over EFCC Charges Against CCT Boss, Danladi Umar
Next articleIBB Advocates Two-Party System, Denies Issuing a Statement Against Buhari
Prnigeria
Prnigeria
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Bashir Adewale Adeniyi Customs Boss

JUST IN: Tinubu Extends Tenure of Customs CG Bashir Adeniyi

AI-generated disinformation looms ahead of Nigeria’s 2027 elections

PRNigeria Fact Check: Does Delayed Baby Umbilical Cord Clamping Have Health Benefits? 

Customs Partners US Mission to Prevent Expanded Visa Ban

Department of State Security Service DSS

Army, DSS-Backed Hybrid Forces Neutralize 45 Bandits in Niger Operation

Nigeria Customs Partners China on Smarter Ports, Officer Training, Reforms

PRNigeria Young Communication Fellowship 2025 logo

PRNigeria Opens Application for 2025 Young Communication Fellowship

Troops of Operation FANSAN YANMA

Troops Kill Three Terrorist Leaders in Sokoto Ambush, Recover Weapons

Comptroller General Nigerian Customs Bashir Adewale

Customs Moves Against 223 Importers in N379bn Permit Breach

Bashir Adewale Adeniyi Customs Boss

How Customs is Tightening Borders to Stop Illicit Cash Flows – CG Adeniyi 

FACT-CHECK: Did a N10bn Lafia Flyover Collapse Three Weeks After Commissioning in Nasarawa?

NAF combat-ready Unmanned Aerial Vehicle (UAV) operators

NAF Bolsters Battlespace Dominance with New Combat-Ready UAV Operators

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Customs, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent Enforcement
  • Police Spokesperson Muyiwa Adejobi Promoted to DCP
  • Purported Resignation: Who are after NNPC Boss Bashir Ojulari
  • Will Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th Consecutive AfroBasket Final?
  • After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja School
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Customs, ICPC Partner to Curb Smuggling, Boost Revenue Through Transparent EnforcementPolice Spokesperson Muyiwa Adejobi Promoted to DCPPurported Resignation: Who are after NNPC Boss Bashir OjulariWill Presidential Gifts Follow as Nigerian Female Basketballers D’Tigress Reach 5th Consecutive AfroBasket Final?After ₦250m Ransom Demand, Security Guard Arrested for Murder of Caregiver, Toddler in Abuja SchoolOlubaka of Oka Praises Foundation for "Best Oka Day" FestivalNIPR FCT Chapter Focuses on Crisis Communication and ProfessionalismTroops Eliminate Dozens of Terrorists, Arrest 578 Suspects in July OperationsFG Reacts to Niger Governor’s Closure of Badegi FMInformation Ministry Inaugurates Anti-Corruption Unit to Deepen TransparencyIG Boosts Police Intelligence Capacity with New Tech, Training for Technical Intelligence UnitAnambra Police Nab Wanted Kidnap Suspect in KadunaCustoms Just Wrote Nigeria's Energy RulebookLawyer Sues Housing Ministry, FHA Over Alleged Property RedesignNavy to Establish  Base in Kebbi to Tackle Inland Waterway Crimes
X whatsapp