With liabilities deducted, 36 states share N173.8bn in September

A total sum of N173.8 billion distributable revenue was shared from the federation account to the 36 states of the country in September following deductions of various liabilities.

A report gathered from the office of the Accountant-General of the Federation in Abuja showed key agencies that remitted funds into the federation account as the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS).

According to the report, the Federal Government, states and local government had during the last Federation Account Allocation Committee (FAAC) meeting in September shared N637.7 billion which included Gross Statutory revenue, Value Added Tax, exchange gains and Petroleum Profit Tax.

As revealed by the report, the liabilities of the states, which included a total external debt of N2.67 billion, contractual obligations of N9.58 billion and other deductions totaling N18.2 billion, were first and foremost deducted before the distribution.

The other deductions the report revealed, were for National Water Rehabilitation Projects, National Agricultural Technology Support, Salary bailout, Payment for Fertilizer, State Water Supply Project, State Agriculture Project and National Fadama Project.

After the all deductions Abia State got N4.04 billion, Adamawa N4.02 billion, Cross River N2.85 billion, Ekiti N2.94 billion, Edo N4.5 billion, Kaduna State N5.4 billion, Kano N6.8 billion, Lagos state N8.8 billion, Rivers N12.45 billion, Zamfara N3.05 billion and Delta N14.2 billion.

Other are Anambra N4.3 billion, Benue N4.2 billion, Borno N4.9 billion, Ebonyi N3.76 billion, Enugu State N4.07 billion, Gombe State N3.39 billion, Nassarawa State N3.74 billion, Imo N3.96 billion, Kogi N4.24 billion, Yobe N4.15 billion, Taraba, N3.6 billion and Sokoto N4.1 billion.

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The rest are Plateau N3.38 billion, Oyo N4.8 billion, Osun N1.6 billion, Ondo N4.64 billion, Ogun N3.04 billion, Niger N4.61 billion, Kebbi N4.26 billion, Katsina N4.66 billion, Bayelsa N10.88 billion, Bauchi N4.34 billion, Jigawa N4.67 billion, Akwa Ibom, N12.94 billion and Kwara N3.53 billion.

The fund is usually shared in the succeeding month in which it was generated, meaning that the fund shared in September was generated in the month of August and the one generated in the month of September will be shared in October.

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