“In 2013, the top 10 allocations from the federation account went to the following states: Akwa Ibom (N260 billion or $1.7 billion), Rivers (N230 billion or $1.5 billion), Delta (N209 billion or $1.3 billion), Bayelsa (N173 billion or $1.1 billion), Lagos (N168 billion or $1.1 billion), Kano (N140 billion or $0.9 billion), Katsina (N103 billion or $0.7 billion), Oyo (N100 billion or $0.6 billion), Kaduna (N97 billion or $0.6 billion), and Borno (N94 billion or $0.6 billion). “Note that all this data do not include internally generated revenue (IGR) of these states, which are significant in some instances such as Lagos State, and very commendable. “Many Nigerian states receive revenue allocations which are larger than the budgets of neighbouring countries such as Liberia ($433 million), Gambia ($210 million) or Benin Republic ($1.47 billion). The top two recipients of state allocations – Akwa Ibom and Rivers – received $3.2 billion combined, which is about half of the entire budget of Ghana (about $6.4 billion) On a per capita basis, the top three recipients of FAAC allocations in 2013 were Bayelsa (N84,500 or $545 per annum), Akwa Ibom (N55,600 or $360 per annum) and Delta (N42,000 or $270 per annum) On a per capita basis, many Nigerian states performed much better than neighbouring countries such as Ghana ($255 per annum), Benin Republic ($146 annum), Liberia ($103 annum) and Gambia ($117 annum). SOURCE: Dr. Ngozi Okonjo-Iweala
Posted on: Wed, 11 Jun 2014 07:01:50 +0000
Trending Topics
Recently Viewed Topics
© 2015