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Trending News: MOST HERBALISTS’ SHRINES IN ANAMBRA, DEN OF KIDNAPPERS – RESIDENTS TO SOLUDONIGERIAN GOVT GETS $255M CHINESE LOAN FOR KANO-KADUNA RAILWAY PROJECTGOVERNOR MOURNS AS AIDE DIES 24 HOURS AFTER APPOINTMENTHOW I GREW FROM ALMAJIRI PUPIL TO NNPCL BOSS – MELE KYARI180 DAYS AFTER AGRIC MINISTER’S PROMISE, NO DROP IN FOOD PRICESTINUBU’S CABALS MOST DANGEROUS IN NIGERIAN HISTORY – EX-MINISTERNIGERIAN MILITARY DROPS 39TH POSITION IN GLOBAL RANKINGMANY SOLDIERS MISSING AFTER BOKO HARAM TERRORISTS ATTACK IN BORNOUK OPPOSITION LEADER, KEMI BADENOCH, DEMANDS NATIONAL INQUIRY INTO RAPE GANGS BY MUSLIM MENNURTW PETITIONS TINUBU, ACCUSES CHIEF OF STAFF, GBAJABIAMILA OF SPONSORING MC OLUOMO’S IMPOSITION AS UNION LEADERAUDIT REPORT UNCOVERS 5414BN INFRACTIONS IN NNPCL’S TRANSACTIONSLAGOS IS BIGGEST LOSER IN TAX REFORM BILLS – PRESIDENTIAL COMMITTEE43 UNIABUJA PROFS ASK TINUBU TO DISSOLVE GOVERNING COUNCILPDP CONFIRMS UDE-OKOYE AS AUTHENTIC NATIONAL SECRETARYWHY WE’RE IN A HURRY TO DEVELOP ENUGU STATE – GOV MBAHNFF APPOINTS NEW HEAD COACH FOR SUPER EAGLESNYSC DG ASSURES CORPS MEMBERS THAT THEY’LL SOON START RECEIVING N77K MONTHLYRETIRED MILITARY PERSONNEL FINANCE MINISTRY OVER UNPAID ENTITLEMENTSATIKU LAMBASTS APC OVER THREAT ON PETER OBI, DEMANDS APOLOGYSIX YOUNGEST MOST SUCCESSFUL ANAMBRA INDUSTRIALISTSPOLYTECHNIC GRADUATES PROTEST PROPOSED EXCLUSION FROM NYSCTELECOM TARIFF HIKE WILL STIFLE FREEDOM OF EXPRESSION – HURIWATINUBU APPROVES GENEROUS BENEFITS FOR RETIRING MILITARY SERVICE CHIEFS, GENERALSFRANCE’S PRESIDENT, EMMANUEL MACRON, LAMBASTS AFRICAN LEADERS, SAYS THEY’RE UNGRATEFULTRUMP FILES MOTION TO DELAY SENTENCING ON HUSH MONEYDISENGAGED STAFF SUE CBN, DEMAND COMPENSATIONNIGERIA SINKING INTO DICTATORSHIP – DEJI ADEYANJU ON PETER OBI’S OUTCRYNIGERIA RAILWAY SYSTEM A MESS – MISS NOLLYWOOD INTERNATIONALBOKO HARAM ATTACKS NIGERIAN ARMY BASE IN BORNO, KILLS SEVERAL SOLDIERS, BURNS MILITARY VEHICLESRELEASE NNAMDI KANU, I’LL STAND AS GUARANTOR – ABARIBEEFCC SACKS 27 OFFICERS OVER FRAUDULENT ACTIVITIES, MISCONDUCTTHEY’RE AFTER MY LIFE – PETER OBI ALLEGES OVER CRITICISM OF TINUBU ADMINISTRATIONGUNMEN IMPOSE N172.7M LEVY ON 25 ZAMFARA VILLAGES, FORCING RESIDENTS TO FLEE2024 FAILED PROPHECIES, NIGERIANS DOUBT 2025 PREDICTIONSABA DISCO ANNOUNCES ELECTRICITY TARIFF HIKENORTHERN PRESSURE GROUP SEEKS TRANSFORMATION TO POLITICAL PARTY, SAYS APC, PDP HAVE FAILED NIGERIANSWAEC INTRODUCES RESIT EXAMS FOR CANDIDATESINSIDE STORY OF KADUNA’S PEACE DEAL WITH BANDITSAJAOKUTA PROJECT TOO BIG TO BE HANDLED BY GOVERNMENT – FORMER CEOWEST AFRICA’S SEASON OF FAREWELL AND QUESTION MARK BY CHIDI AMUTA2027: SOME PDP GOVERNORS MAY DEFECT TO APC – VANGUARD REPORTIT’S A LIE. EL RUFAI DENIES DUMPING APC FOR PDPN2 TRILLION POWER PROJECTS STALLEDIT’S A SHAME THAT 57 YEARS AFTER ABURI ACCORD NIGERIA STILL TALKS OF RESTRUCTURING – OMIRHOBONORTHERN ELDERS FORUM OPPOSES TINUBU’S TAX REFORM BILLS, CALLS FOR SUSPENSIONTERRORISTS KILL MIYETTI ALLAH CHAIRMAN IN KATSINA, ABDUCT WIVES, DAUGHTERRESIDENTS KILLED, BANK RAZED AS PETROL TANKER BURSTS INTO FLAMES IN DELTAHOW STATES SHARED N5.3TRN FEDERAL ALLOCATIONWIKE CANNOT SURVIVE WHERE THERE IS PEACE – ODILI’S EX-COMMISSIONER, ERIC BRIGGSGOV ALIA, EX-GOV ORTOM EXCHANGE WORDS AT SGF’S THANKSGIVING SERVICEELECTIONS ARE OVER, JOIN ME TO DO MORE – PETER MBAH BEGS OPPOSITIONSOUTHEAST LEADERS URGE TINUBU TO DISMANTLE ROADBLOCKS, REVIVE ANAMBRA BASINI’LL COMPLETE EASTERN RAIL LINE – TINUBU REAFFIRMSHAS WIKE BROKEN HIS VOW TO ODILI?I DIDN’T SAY ANYTHING WRONG, SO YOU CAN’T KILL ME FOR WHAT I DIDN’T SAY – WIKE TELLS ODILITWO DIE, OTHERS HOSPITALIZED DURING DRINKING COMPETITIONTHREE TOP CLERICS OF CELESTIAL CHURCH DIE ON FIRST DAY OF 2025WHY I REMOVED FUEL SUBSIDY, BY TINUBUTINUBU HAILS PETER MBAH FOR PLACING ENUGU ON PATH OF 21ST CENTURY DEVELOPMENTSELL WARRI, KADUNA REFINERIES – PETROL MARKETERS TELL FEDERAL GOVTOBASANJO TO TINUBU: HOW SUCCESSIVE GOVTS SPENT N232TRN IN BUDGETSFUEL PRICE MAY CRASH TO N500 PER LITRE – MATKETERSNOBODY MADE ME RIVERS GOVERNOR, I FOUGHT MY WAY TO POWER – WIKEBUA REFINERY NEARS COMMISSIONINGATIKU’S CAMP ANNOUNCES OPPOSITION MERGER TO UNSEAT TINUBU IN 2027MTN NIGERIA TO INCREASE CALL, DATA TARIFFS BY 100 PERCENTOBASANJO SLAMS NNPC, SAYS INVITATION TO INSPECT REFINERIES DISRESPECTFULNNPC BEGINS MODERNIZATION OF KADUNA, SECOND PORT HARCOURT REFINERIESFRESH ISSUES IN OHANNAEZE JANUARY 10 ELECTIONPETER OBI: NIGERIA’S NUMBER ONE OPPOSITION LEADERCBN CLARIFIES VOLUNTARY EXIT OF 1,000 STAFFUNKNOWN GUNMEN BURN ECWA CHURCH IN KADUNA, SIX HOUSES, RESIDENTS FLEEYAR’ADUA REVERSED PORT HARCOURT REFINERY SAIL TO DANGOTE DUE TO OBASANJO’S SHARES IN CONSORTIUM, OTHER FACTORS, SAYS FALANA-LED ASCABUS PRESIDENT-ELECT, DONALD TRUMP, TO BE SENTENCED JANUARY 10 OVER HUSH-MONEY SCANDALTINUBU TO VISIT ENUGU, TO COMMISSION GOVERNOR MBAH’S PROJECTSRENO OMOKRI, FIRST NIGERIAN TO ABSEIL DOWN, CLIMB UP VICTORIA FALLSHOW 140 POLICEMEN DIED IN FCT IN 2024 – CPYOUR FRIENDS, GOVT OFFICIALS ONLY ONES BENEFITING FROM YOUR REFORMS – RHODES-VIVOUR HITS TINUBUPRESIDENCY KEEPS MUM AS PETER OBI HITS TINUBU ON STATE OF NATIONNEW YEAR EVE MURDER: OGUN COUPLE, SON YET TO GET JUSTICE TWO YEARS AFTERGTB GETS COURT ORDER TO RECOVER N1.9BN WRONGLY CREDITED TO CUSTOMER ACCOUNTSAPC KICKS AS OBI WARNS TINUBU AGAINST FOREIGN MEDICAL TRIPSBISHOP SETTLING COUPLE’S FIGHT STABBED TO DEATHFOOD CRISIS: FIVE MONTHS AFTER, FG YET TO IMPLEMENT DUTY WAIVERHOW TINUBU REFUSED TO HONOUR AGREEMENT ON NNAMDI KANU AFTER SENDING HIS SON, SEYI, TO US BEFORE 2023 POLLS -KANU’S FAMILYENUGU GOVT SPENT N24BN ON GOVERNANCE REFORMS IN ONE YEAR – AUDITED FINANCIAL REPORTPETER OBI CHALLENGES TINUBU TO LEAD BY EXAMPLE, ASKS HIM TO TRAVEL BY ROAD, USE LOCAL HOSPITALSTINUBU SPENT 180 OF HIS 580 DAYS IN OFFICE ABROAD – OBINNPCL INVITES OBASANJO FOR TOUR OF PORT HARCOURT REFINERYYAR’ADUA REJECTED DANGOTE’S BID TO RUN NIGERIA’S REFINERIES – OBASANJOTINUBU’S GOVT LACKS IDEAS, DYNAMISM, TURNING INTO A MONARCHY – USMAN BUGAJEOBASANJO DOUBTS CAPACITY OF NNPC RUNNING GOVT-OWNED REFINERIESENUGU HOUSE OF ASSEMBLY GETS NEW CLERKINFLATION: ORGANISED LABOUR PUSHES FOR MINIMUM WAGE INCREASE IN 2025NO MERGER DEAL WITH PDP, NNPP – PETER OBIPREROGATIVE OF MERCY: ENUGU GOVERNOR, PETER MBAH, RELEASES SEVEN INMATES, PARDONS ONENEW WITHHOLDING TAX BEGINSANGLICAN ARCHBISHOP, DRIVER RELEASED AFTER ONE MONTH IN KIDNAPPERS’ DENAUTONOMY: NO PLAN TO HIJACK LGS FROM GOVERNORS – TINUBUKANO GOVT REJECTS TAX REFORM BILLS
Wed. Jan 8th, 2025

HOW STATES SHARED N5.3TRN FEDERAL ALLOCATION

download 2024 09 23T002511.032

HOW STATES SHARED ₦5.3TRN FEDERAL ALLOCATION

The Federation Account Allocation Committee (FAAC) disbursed a total of N5.38 trillion to the 36 states and the Federal Capital Territory (FCT) between January and December 2024.

This amount represents an increase of about N1.46 trillion over the N3.92 trillion received by the states and the FCT in the previous year.

The states received a total of N412.09 billion in January; N406.96 billion in February; N454.70 billion in March and N428.24 billion in April.

A total of N463.04 billion got to them in May; N365.81 billion (lowest allocation for the year) in June before going up to N461.98 billion in July and N473.48 billion in August.

Others were as follows: September: N422.86 billion; October: N453.72 billion; November: N490.70 billion and December: N549.79 billion which was the highest allocation for the year.

These variations in allocation were influenced by overall revenue performance and the criteria used by FAAC to calculate the allocations.

In comparison, 2023 allocations were much lower, peaking at N396.21 billion in January and hitting a low of N259.50 billion in April.

The discrepancies highlight improved revenue generation in 2024, driven by the removal of fuel subsidies, increased oil sales and better earnings from non-oil sectors, including taxes and royalties.

Among the states, Delta received the highest allocation in March 2024 with N62.7 billion, followed by Rivers State with N41.7 billion, and Akwa Ibom State with N41.6 billion. The oil-producing states benefit from the derivation principle, which ensures a part of oil revenue goes directly to Niger Delta states.

The increase in allocations is expected to assist state governments in enhancing infrastructure, education, healthcare and economic development. Stakeholders have urged responsible spending to ensure improvement in citizens’ quality of life.

A breakdown of the state by state allocations shows that Delta, Rivers, Akwa Ibom, Lagos and Bayelsa received the highest allocations

Delta got a total of N485bn; Rivers, N384bn; Akwa Ibom, N338bn; Lagos, N321bn and Bayelsa, N293bn.

Other top revenue allotees are: Kano, N166bn; Edo, N124bn; Ondo, N122bn; Anambra, N115bn and Oyo N113bn.

With a total of N5.38 trillion allocated in 2024, experts are optimistic about continued revenue growth into 2025.

Analysts believe that diversifying the economy and improving revenue collection methods could sustain or exceed last year’s accomplishments.

Looking at trends from 2022 to 2024, governmental allocations have significantly increased since June 2023, indicating more effective resource mobilization and equitable distribution of national revenues.

The Federal Government received N3.42 trillion in 2022, N3.96 trillion in 2023 and N4.65 trillion in 2024. Over these two years, it recorded a cumulative increase of 35.84 per cent.

State governments also benefited greatly during this period, receiving N2.75 trillion in 2022, followed by N3.92 trillion in 2023, and N5.38 trillion in 2024, therefore, the state governments received a 95.49 percent cumulative increase of FAAC allocations from 2022 to 2024.

The 774 local governments received N1.995 trillion in 2023 and N2.285 trillion in N3.994 trillion.

The LGAs experienced a 14.51 per cent increase in allocations in 2023 compared to 2022 period, reflecting a steady rise in funds allocated to grassroots governance.

There was a 74.76 per cent increase between 2024 and 2023, which shows a significant boost in revenue directed towards local development efforts.

Interestingly, over the two years (2022 to 2024), LGAs recorded a cumulative increase of 100.26 per cent, doubling their allocation.

Beneficiaries of 13 per cent Derivation Fund were not left out of the surge in FAAC allocations. In 2022, they received N601.049 billion, N454.677 billion in 2023 and N1.135.802 trillion in 2024.

Between 2022 and 2023, a 24.34 percent decrease was observed, reflecting possible fluctuations in oil revenue or derivation parameters. In 2023 and 2024, the allocation surged by 149.84 percent, marking a significant rebound and surpassing the 2022 figure.

From 2022 to 2024, the derivation fund recorded a cumulative growth of 88.93 per cent, emphasising the growing importance of the fund in fostering resource control.

The overall rise in FAAC allocations indicates the Federal Government’s commitment to fair revenue sharing across all levels of government. The increases in funding for states and LGAs reveal efforts to enhance service delivery and local governance.

The surge in these allocations also represents a hopeful trend in Nigeria’s federal revenue generation and distribution. However, it is crucial for state governments to manage these resources effectively and transparently to foster sustained growth and improve the quality of life for all Nigerians.

    • 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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