Yushau A. Shuaib: [News Update] STAR INFO: How the States & Federal Government Shared N921 billion in February 2012 (Combined Table, Compiled from Economic Confidential)

http://economicconfidential.net/new/financial/facts-a-figures/934-how-they-share-n76bn-from-nnpc-refund-in-february-2012

How They Share N7.6bn from NNPC Refund in February 2012

MARCH 2012 ECONOMIC CONFIDENTIAL

The Nigerian National Petroleum Corporation (NNPC) has continued to refund some funds it withheld from the Federation Account. From a table provided by the Economic Confidential a total sum of N7,617,431,250 was shared to states and local government councils being 6th refund made by the NNPC at the meeting of the Federation Account Allocation Committee (FAAC) in February 2012. In some instance a total allocation to local governments in a particular state could be higher than the allocation made to the state. The refund also featured the application of derivation principle on Oil and Gas.

http://economicconfidential.net/new/financial/facts-a-figures/933-how-they-share-n187bn-from-excess-crude-account-in-february-2012

How They Share N187bn From Excess Crude Account in February 2012

MARCH 2012 ECONOMIC CONFIDENTIAL

The Economic Confidential provides here the distribution of N187,089,655,125.41 from Foreign Excess Saving Account being difference between budget & actual at the meeting of the Federation Account Allocation Committee in February, 2012. While some oil producing states receive over N8 billion Naira each, some non-oil producing received less than N2 billion each due to the derivation from oil and gas.

http://economicconfidential.net/new/financial/facts-a-figures/932-federation-account-how-they-share-n727bn-in-february-2012-

Federation Account: How They Share N727bn in February, 2012

MARCH 2012 ECONOMIC CONFIDENTIAL

The Economic Confidential magazine provides here the distribution of a total sum of N727billion being the statutory and VAT allocations shared to all tiers of government at the February 2012 meeting of the monthly Federation Account Allocation Committee (FAAC). Other allocations are in Fact and Figures pages. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Rivers receiving N15.4, Akwa Ibom N14.5bn, Delta N12.8bn and Bayelsa N8.6bn. The highest recipients from non-oil –producing states are Lagos N12.7bn and Kano N9bn.

The lowest recipients as revealed in the table below are Gombe N2.9bn, Nasarawa N3.4bn, Ebonyi N3.1bn and Ekiti N3.4bn. The Economic Confidential can also confirm other disbursements in February 2012: Federal Government N173.4n, FCT Councils N3.5 billion, Nigerian Customs Service (NCS) N2.1bn, and Federal Inland Revenue Service (FIRS) N3.7bn. Please check Facts and Figures of this magazine to see the second allocation from Excess Crude Account.

SUMMARY TABLE

FES - Federal Excess Savings NNPC - NNPC Refund

53	GRAND TOTAL (3)	STAT + VAT	727,182,512,673.57	FES ACCT	129,237,791,967.53	24,321,655,166.30	33,530,207,991.58	187,089,655,125,41
				NNPC	3,742,443,973.13	990,266,062.50	2,884,721,214.38	7,617,431,250.00
54	GRAND TOTAL (4)	STAT + VAT	727,182,512,673.57	FES+NNPC	132,980,235,940.66	25,311,921,228.8	36,414,929,205.96	194,707,086,416
			STATUTORY + VAT ALLOCATION TO STATE		FED. & STATE ALLOCATION	TOTAL STATE DERIVATION OIL & GAS	LG NET ALLOCATION	TOTAL NET (STATE + LG)

TABLE 1: How the States & Federal Government Shared N921 billion in February 2012 (Combined Table, Compiled from Economic Confidential)

FES - Federal Excess Savings NNPC - NNPC Refund

1 s/no	2 state	NO. OF LGs	STATUTORY + VAT ALLOCATION TO STATE		FED. & STATE ALLOCATION	TOTAL STATE DERIVATION OIL & GAS	LG NET ALLOCATION	TOTAL NET (STATE + LG)
1	Abia	17	4,408,232,565.75	FES ACCT	1,048,266,730.12	41,273,848.82	699,200,117.69	1,788,740,696.63
				NNPC	91,928,612.27	12,972,485.42	59,314,383.09	164,215,480.78
2	Adamawa	21	4,615,234,851.91	FES ACCT	1,170,253,586.86	-	899,802,482.08	2,070,056,068.94
				NNPC	102,547,335.89	-	79,291,647.74	181,838,983.63
3	Akwa Ibom	31	14,501,984,752.14	FES ACCT	1,183,896,103.36	6,019,463,723.73	1,186,658,466.75	8,390,018,293.85
				NNPC	101,283,927.66	167,658,976.24	96,795,109.64	365,738,013.55
4	Anambra	21	5,198,261,741.16	FES ACCT	1,182,046,487.80	-	891,975,869.16	2,074,022,356.96
				NNPC	102,679,511.16	-	83,510,552,51	186,190,063.67
5	Bauchi	20	5,373,694,204.19	FES ACCT	1,370,963,511.60	-	1,031,627,527.45	2,402,591,039.04
				NNPC	115,704,842.54	-	81,859,411.88	197,564,254.43
6	Bayelsa	8	8,666,077,450.88	FES ACCT	938,837,039.23	4,820,260,194.10	379,551,159.12	6,138,648,392.45
				NNPC	79,672,734.07	231,996,562.32	32,071,451.63	343,740,748.02
7	Benue	23	5,370,631,333.75	FES ACCT	1,263,701,758.20	-	1,048,955,777.60	2,312,657,535.81
				NNPC	110,647,767.73	-	92,292,073.24	202,939,840.97
8	Borno	27	6,014,675,765.38	FES ACCT	1,394,321,170.07	-	1,205,538,192.68	2,599,859,362.65
				NNPC	117,456,432.49	-	100,889,689.64	218,346,122.13
9	Cross River	18	4,678,662,052.62	FES ACCT	1,098,572,052.21	181,269,295.95	749,158,304.18	2,028,999,652.35
				NNPC	96,045,615.34	15,201,574.33	67,116,903.24	178,364,092.90
10	Delta	25	12,873,939,530.73	FES ACCT	1,183,194,116.06	5,494,942,908.41	990,191,351.78	7,668,328,376.25
				NNPC	102,583,708.70	199,277,181.35	88,852,761.02	390,713,651.08
11	Ebonyi	13	3,168,530,502.31	FES ACCT	970,185,605.88	-	533,724,387.36	1,503,909,993.23
				NNPC	86,764,433.43	-	45,894,666.71	132,659,100.14
12	Edo	18	4,769,061,196.41	FES ACCT	1,104,307,129.83	475,609,966.78	749,824,770.74	2,329,741,867.34
				NNPC	102,062,420.44	8,293,478.27	71,646,492.49	182,002,391.20
13	Ekiti	16	3,481,465,944.23	FES ACCT	978,634,062.27	-	609,946,627.37	1,588,580,689.64
				NNPC	86,282,742.06	-	53,363,277.02	139,646,019.08
14	Enugu	17	4,475,994,970.97	FES ACCT	1,104,134,180.68	-	722,670,822.89	1,826,805,003.57
				NNPC	95,469,060.52	-	60,974,540.15	156,443,600.67
15	Gombe	11	2,902,879,864.38	FES ACCT	1,037,929,534.63	-	527,332,387.65	1,565,261,922.28
				NNPC	87,831,585.10	-	43,684,252.43	131,515,837.54
16	Imo	27	5,504,163,640.48	FES ACCT	1,178,788,769.22	260,752,465.04	1,046,374,388.45	2,485,915,622.70
				NNPC	101,194,140.29	14,357,867.64	86,575,991.45	202,127,999.38
17	Jigawa	27	5,674,027,731.63	FES ACCT	1,294,793,488.90	-	1,097,807,063.02	2,392,600,551.92
				NNPC	112,360,247.42	-	92,892,665.49	205,252,912.91
18	Kaduna	23	6,321,555,963.51	FES ACCT	1,475,690,794.35	-	1,177,470,603.96	2,653,161,398.31
				NNPC	125,705,227.98	-	101,996,275.41	227,701,503.39
19	Kano	44	9,062,753,946.73	FES ACCT	1,849,499,044.40	-	1,932,393,701.15	3,781,892,745.55
				NNPC	152,911,132.99	-	161,144,203.38	314,055,336.37
20	Katsina	34	6,986,742,406.02	FES ACCT	1,406,538,491.30	-	1,412,786,347.44	2,819,324,838.75
				NNPC	119,897,920.90	-	121,069,528.80	240,967,449.71
21	Kebbi	21	4,594,016,576.85	FES ACCT	1,176,487,173.95	-	877,586,020.07	2,054,073,194.02
				NNPC	99,707,752.30	-	74,960,238.83	174,667,991.14
22	Kogi	21	4,864,221,997.69	FES ACCT	1,173,550,762.79	-	909,589,153.05	2,083,139,915.84
				NNPC	100,006,468.32	-	74,196,941.60	174,203,409.92
23	Kwara	16	4,160,424,901.59	FES ACCT	1,069,419,915.69	-	698,541,387.45	1,767,961,303.14
				NNPC	91,047,964.78	-	61,563,097.07	152,611,061.85
24	Lagos	20	12,722,644,397.44	FES ACCT	1,670,693,134.05	-	1,173,793,981.77	2,844,487,115.83
				NNPC	144,499,323.83	-	107,996,716.92	252,496,040.75
25	Nassarawa	13	3,499,461,977.72	FES ACCT	1,001,992,675.15	-	558,982,946.65	1,560,975,621.80
				NNPC	86,141,551.89	-	47,651,750.40	133,793,302.30
26	Niger	25	5,513,468,599.81	FES ACCT	1,368,508,863.90	-	1,132,756,079.53	2,501,264,943.43
				NNPC	115,840,352.22	-	96,871,709.05	212,712,061.28
27	Ogun	20	4,965,868,976.55	FES ACCT	1,143,747,051.36	-	838,217,165.14	1,981,964,216.50
				NNPC	97,575,055.07	-	73,832,963.58	171,408,018.65
28	Ondo	18	5,161,769,267.04	FES ACCT	1,096,867,587.59	917,923,587.63	773,718,241.83	2,788,509,417.05
				NNPC	95,898,653.54	39,344,260.93	66,613,230.91	201,856,145.38
29	Osun	30	5,340,765,474.69	FES ACCT	1,084,783,893.82	-	1,054,438,848.77	2,139,222,742.59
				NNPC	93,777,457.38	-	97,415,398.50	191,192,855.88
30	Oyo	33	6,688,835,474.81	FES ACCT	1,366,696,702.82	-	1,348,349,621.26	2,716,046,324.08
				NNPC	117,037,985.24	-	116,184,038.75	233,222,023.99
31	Plateau	17	4,737,563,528.32	FES ACCT	1,147,751,766.57	-	771,813,097.70	1,919,564,864.27
				NNPC	99,808,920.19	-	65,726,829.88	165,535,750.07
32	Rivers	23	15,482,451,431.81	FES ACCT	1,283,155,851.14	6,110,159,175.84	1,010,652,898.02	8,403,967,926.00
				NNPC	110,405,103.63	289,981,591.61	85,640,771.54	486,027,466.78
33	Sokoto	23	5,196,906,502.32	FES ACCT	1,220,152,995.65	-	968,812,148.87	2,188,965,144.53
				NNPC	105,618,353.72	-	83,821,377.87	189,439,731.59
34	Taraba	16	4,671,663,685.26	FES ACCT	1,155,723,390.63	-	771,191,825.98	1,926,915,216.61
				NNPC	98,710,829.80	-	65,521,223.05	164,232,052.86
35	Yobe	17	4,503,089,253.58	FES ACCT	1,147,018,426.92	-	747,868,069.67	1,894,886,496.59
				NNPC	95,923,526.71	-	65,334,796.27	161,258,322.98
36	Zamfara	14	3,625,332,194.27	FES ACCT	1,150,505,740.06	-	702,114,861.55	1,852,620,601.61
				NNPC	99,415,275.50	-	57,052,694.57	156,467,970.07
37	FCT-Abuja	6	1,331,819,874.67	FES ACCT	-	0.00	298,791,295.85	298,791,295.86
				NNPC	-	-	23,101,558.60	23,101,558.60
38	SUB TOTAL	774	221,108,874,529.60	FES ACCT	43,491,609,589.07	24,321,655,166.30	33,530,207,991.58	101,343,472,746.95
				NNPC	3,742,443,973.1	979,083,978.11	2,884,721,264.84	7,606,249,165.64
39	FGN	-	173,486,116,867.01	FES ACCT	-	-	-	-
				NNPC
40	FCT	-	3,583,612,233.15	FES ACCT	-	-	-	-
				NNPC
41	FGN and FCT	-	177,069,729,100.16	FES ACCT	85,746,182,378.46	0.00	0.00	85,746,182,378.46
				NNPC

42	GRAND TOTAL (1)		398,178,603,629.76	FES ACCT	129,237,791,967.53	24,321,655,166.30	33,530,207,991.58	187,089,655,125,41
				NNPC	3,742,443,973.1	979,083,978.11	2,884,721,264.84	7,606,249,165.64
43	Sokoto Derivation		-	FES ACCT	0.00	0.00	0.00	0.00
			-	NNPC	0.00	9,083,710.59	0.00	9,083,710.59
44	ONA/ASABORO DERIVATION		-	FES ACCT	0.00	0.00	0.00	0.00
			-	NNPC	0.00	2,098,373.79	0.00	2,098,373.79
45	GRAND TOTAL (2)		398,178,603,629.76	FES ACCT	129,237,791,967.53	24,321,655,166.30	33,530,207,991.58	187,089,655,125,41
				NNPC	3,742,443,973.13	990,266,062.50	2,884,721,214.38	7,617,431,250.00
46	Less:Cost of Collection-NCS		2,162,338,981.65		-	-	-	-
47	Transfer to Excess Crude Acct		224,313,101,757.06		-	-	-	-
48	Less: 4%Cost of Collection – FIRS VAT		3,792,809,359.17		-	-	-	-
49	5^th Inst. Pyt of o/standing crude debt		7,617,431,250.00		-	-	-	-
50	TOTAL DEDUCTION		21,118,227,695.93		-	-	-	-
51	Local Government				-	-	-	-
52	Transfer from Excess Domestic to Sub		70,000,000,000.00		-	-	-	-
53	GRAND TOTAL (3)	STAT + VAT	727,182,512,673.57	FES ACCT	129,237,791,967.53	24,321,655,166.30	33,530,207,991.58	187,089,655,125,41
				NNPC	3,742,443,973.13	990,266,062.50	2,884,721,214.38	7,617,431,250.00
54	GRAND TOTAL (4)	STAT + VAT	727,182,512,673.57	FES+NNPC	132,980,235,940.66	25,311,921,228.8	36,414,929,205.96	194,707,086,416
			STATUTORY + VAT ALLOCATION TO STATE		FED. & STATE ALLOCATION	TOTAL STATE DERIVATION OIL & GAS	LG NET ALLOCATION	TOTAL NET (STATE + LG)