Federal allocation to 36 states in nigeria

2020-02-18 05:58

Abuja The Federal Government, the 36 states and their local government areas have so far shared N1. 4 trillion from the federation account, being revenue generated in the first quarter of 2017. The breakdown is contained in the monthly Federation Account Allocation Committee, FAAC, report obtained by the News Agency of Nigeria, yesterday, in Abuja.States of Nigeria. There are 36 States in Nigeria, bound together by a federal agreement. The Federal Capital Territory (FCT) is not a state and under the direct control of the Federal Government. The States are further divided into a total of 774 Local Government Areas. Under the Nigerian Constitution, states have the power to ratify constitutional amendments. federal allocation to 36 states in nigeria

Federal, states share N580. 4bn allocation in December. A breakdown of the allocations showed that the Federal Government took about N220. 484billion, or about 52. 68 per cent; the 36 states and the Federal Capital territory, FCT, N111. 832 billion, or 28. 72 per cent; and the 774 Local Governments N86. 218billion, or 20. 6 per cent.

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However, Ekiti State on creation took off with sixteen local government areas, having had additional four carved out of the old ones. Ekiti State is one of the thirty six (36) states (including the Federal Capital Territory Abuja) that now form the Federal Republic of Nigeria. Oct 04, 2018  August 2018 Allocation to Federal, States and Local Government Areas in Nigeria Nigeria is a Federation made up of the Government at the Center, 36 Statesfederal allocation to 36 states in nigeria 36. Zamfara State 92. 8 billion. STATES WITH HIGHEST BUDGET. Lagos state 662. 5 billion 8 on Full List Of 2016 Budgets For Nigeria States And Allocated Revenue Is the federal government given this money to state? what are the state governors doing with the money? Reply.

Breakdown Of September 2017 Allocation To The 36 States Politics Nairaland Here is what each Nigeria State got as Allocation for the month of september. # Mynd44. Have you checked how much was deposited with the federation account by each state? You'd be surprised the federal government even gave back to cross river plus bonus. federal allocation to 36 states in nigeria Despite these efforts, revenue allocation has remained a contentious issue among the three tiers of government in Nigeria. In the last eight years, the 36 state governments have been at daggersdrawn with the Federal Government over the formulation of a revenue sharing formula that would be acceptable to all the stakeholders. The governments of the 36 states of the federation yesterday met in Makurdi, Benue State and discussed what they called the enormous challenges of the local government system in the country All 36 states in Nigeria often receive financial allocation; a chunk of which comes from crude oil sales which accounts for over 70 percent of Nigeria's earnings and 10 percent of GDP. The 36 states in Nigeria shared a total of N2. 5 trillion for the 12 months January to December 2018. This is according to data from the National Bureau of Statistics (NBS). The Federal Government got a total of N2. 8 trillion as Net Statutory Allocation, N156. 98bn as Valued Added Tax (VAT), N10. 66bn as NNPC refund to FG and the distribution of N128. 41bn from the FOREX equalization fund.

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