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BUILDING HOUSES FOR JUDGES, SENIOR LAWYER, CARPETS FALANABROOM USED ON AJURI NGELARE IS BEING USED ON DANIEL BWALA – ATIKU’S AIDERETHINK REFORM STRATEGIES, IMF ADVISES TINUBU GOVTPRESIDENCY DOWNGRADES DANIEL BWALA AS ROLE AFTER HE DECLARED HIMSELF TINUBU’S SPOKESMANPETROL PRICE CUT MAY FORCE NIGERIA’S INFLATIONARY PRESSURES DOWN – ECONOMISTNORTHERN REPS RAISE FRESH CONCERNS OVER TAX REFORM BILLSTAX REFORM BILLS: GOVS THREATENING TO DENY US RETURN TICKETS – REPS DEPUTY SPOKESMANNIGERIAN FAMILY DEMANDS JUSTICE FOR DOCTOR WHO DIED IN JORDAN, CRIES TO WHOINSIDE STORY OF ALLEGED JUDICIAL CORRUPTION IN NIGERIA, BY JUSTICE DATTIJO MOHAMMEDNERC WARNS AGAINST MAKING CUSTOMERS FUND REPLACEMENT OF FAULTY METERSOBASANJO NOT AN IDEAL LEADER TO EMULATE – BAYO ONANUGAWE’VE NOT TAKEN ANY POSITION ON TAX REFORM BILL – ABBASPETER OBI COMMENDS CHIDIMMA ADETSHINA ON MISS UNIVERSE CONTESTOBASANJO, IMF SLAM TINUBU GOVT, PRESIDENCY KEEP MUMGOD IS WATCHING YOU – CARDINAL ONAIYEKAN TELLS TINUBU TO SHUN 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Sat. Nov 23rd, 2024
Trending News: ANGRY RESIDENTS SET TWO REVENUE AGENTS ABLAZE IN ANAMBRA FOR CAUSING MAN’S DEATHAS SIMON EKPA COMES TO JUDGEMENTNIGERIANS IN FINLAND PANIC OVER ARREST, DETENTION OF SIMON EKPAWIKE VS FUBARA: FG BACKTRACTS, SAYS FAAC ALLOCATION TO RIVERS NOT STOPPEDHARDSHIP: MANY NIGERIAN HOUSEHOLDS NOW SKIP MEALSSEYI TINUBU NOT FIT TO BE GOVERNOR OF LAGOS STATE – JOE IGBOKWEOUR DIPLOMATIC PRESSURE ON FINLAND IS WHY SIMON EKPA WAS ARRESTED – FGTHE MEN AROUND TINUBUFUBARA CHALLENGES STOPPING FEDERAL ALLOCATION IN COURTARMED THUGS ALLEGEDLY SPONSORED BY TINUBU ASSOCIATE MC OLUOMO ATTACK NUJ SECRETARIAT IN ABUJABREAKING: FG STOPS OCTOBER FAAC REVENUE TO RIVERS STATEOHANAEZE CELEBRATES SIMON EKPA’S ARREST, SAYS IT’S HUGE RELIEFNORTH CENTRAL KICKS AS PDP POSTPONES NEC MEETINGIPOB DISOWNS SIMON EKPA, SAYS HE’S NOT ITS MEMBERI DIDN’T EXCHANGE BLOWS WITH AKPABIO – SENATE LEADER, OPEYEMIWHITE HOUSE REJECTS ICC ARREST WARRANTS FOR NETANYAHU, GALLANTFOR ME, NO MORE BEAUTY CONTEST – CHIDIMMA ADETSHINAOBASANJO’S KNOCK ON INEC REOPENS PUSH FOR ELECTORAL REFORMJAPA: ONE OUT OF EVERY FOUR NIGERIANS WANTS TO LEAVE – NBSNIGERIANS MORE POLARIZED THAN EVER AFTER 2023 ELECTION, TINUBU’S UNPOPULAR REFORMS – REPORTIT’S TIME TO END YOUR 31-YEAR-LONG PRESIDENTIAL AMBITION – BODE GEORGE TELLS ATIKUSIMON EKPA WILL BE EXTRADITED TO NIGERIA – DEFENCE HEADQUARTERSHOUSE OF REPS REJECTS BILL SEEKING SIX YEARS SINGLE TENURE FOR PRESIDENT, GOVERNORSFINLAND COURT REMANDS SIMON EKPA FOR INCITING TERROR IN NIGERIARUSSIAN INVASION OF UKRAINE SHAMEFUL DISASTER FOR HUMANITY – POPE FRANCISNEW MANAGEMENT TAKES OVER UK VISA APPLICATION CENTRES IN NIGERIAPETER OBI VISITS MARY AGRO FARMS ENUGU STATE, DONATES N20MSIMON EKPA DON LAND FOR TROUBLE, ARRESTED IN FINLAND – BBC PIGINYOU STABBED US AT THE BACK, YOU HUMILIATED US – APC CHIEFTAIN FUMES OVER DANIEL BWALA’S APPOINTMENT BY TINUBUYOU’RE UNSTABLE, FOCUS ON WHEREABOUTS OF YOUR IMPORTED WIFE – ATIKU KNOCKS OSHIOMHOLENORTH WILL BE BEST SERVED BY NORTHERNERS 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AUTO-PILOTCRISIS IN OLUMBA OLUMBA AS MEMBERS DESTROY SUCCESSOR’S PORTRAITHELP!: LAGOS COURT SENTENCED ME TO DEATH FOR CRIME I KNOW NOTHING ABOUT – EBONYI INDIGENENIGERIA’S ECONOMIC FAILING CONFIRMED UNDER EMILOKAN – OBASANJOBOTTLED UP EMOTIONS: NIGERIAN MEN BATTLE ‘DEPRESSION’ AMID ECONOMIC HARDSHIPNJC DISMISSES $1M, BULLET-PROOF CAR, LAND GIFT ALLEGATION AGAINST JUDGE IN RIVERS CASEWHY NORTHERN GOVERNORS OPPOSE TINUBU’S TAX REFORM BILLNO AGREEMENT TO GIVE ATIKU 2027 PRESIDENTIAL TICKET – PDPAPPEAL COURT SACKS TINUBU’S MAN, MC OLUOMO AS NURTW NATIONAL PRESIDENTUNIZIK VC SPEAKS ON CONTROVERSIAL ACADEMIC RECORDSWHY IGBO APPRENTICESHIP SYSTEM IS FAILING, VICTIMS NARRATE EXPRIENCESWHY FG DIDN’T IMPLEMENT SUPREME COURT JUDGEMENT ON LG COUNCILS – AGFNJC SENDS TWO JUDGES PACKING OVER AGE FALSIFICATIONPOLICE ALLEGED KILLERS OF ENUGU MARKET LEADERSUPREME COURT DISMISSES SUIT BY 19 STATES CHALLENGING CONSTITUTIONALITY OF EFCC, ICPC, NFIUBREAKING: NJC SUSPENDS RIVERS, ANAMBRA HIGH COURT JUDGES, 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Sat. Nov 23rd, 2024

36 STATES, 774 LGS SHARE N10.13TRN IN SIX MONTHS – NBS REPORT

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36 STATES, 774 LGS SHARE N10.13TRN IN SIX MONTHS – NBS REPORT

Data from the National Bureau of Statistics (NBS) has shown that five states which include some Niger Delta states and the country’s commercial nerve centre, Lagos State, received the largest allocations from the federal government from January to May 2024.

The NBS report further revealed that the 36 states and 774 local governments shared a total of ₦10.13 trillion as statutory allocation within the period under review.

The data sourced from monthly reports of the Federation Accounts Allocation Committee (FAAC), and published by the NBS revealed that the 36 states’ allocation rose by 27% to ₦4.5 billion in 12 months (June 2023 to May 2024) from ₦3.58 trillion in the corresponding period (June 2022 and May 2023).

The compilation of the states’ allocations collected from January 2024 to May 2024, showed that some Niger Delta states and Lagos received the most allocations (in naira) as seen in the table below:

The revenue sharing formula as defined by FAAC gives the Federal Government the larger part of the allocation which stands at 52.68%, the states receive 26.72%, and local governments get 20.60%.

The monthly income shared with the federal, state and local government areas is mostly sourced from earnings derived from oil exports, taxes (Value Added Tax – VAT), Electronic Money Transfer Levy (EMTL), Exchange Difference revenue and other statutory allocations.Other income sources include internally generated revenue and the 13% derivation revenue (for the benefitting states) which explains the higher allocations for the Niger Delta (oil-producing) states.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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