FAAC: FG, 36 States Share N2.56 tr in 6 Months – Investigations

….Akwa Ibom, Lagos, 8 Others top list
….Gombe, 5 Others get lowest allocations

The Federal government, thirty-six states of the federation and the Federal Capital Territory (FCT) have so far shared the sum of N2.56 trillion in the first half of 2017 from the Federation Account Allocation Committee (FAAC), an investigation by Economic Confidential has revealed.

Diligent search and careful computation by the Economic Intelligence magazine, show that apart from the Federal Government that got N1.09tr, Akwa Ibom has the highest allocation among the states when it received N92.72 bn within the period under review with nine other states leading the pack.

The nine other states in the leadership positions are Lagos which is second with N91.45bn, Rivers comes third with N81.41bn. The fourth position was grabbed by Delta with N71.98 bn, while Kano State, dared the fifth place with N62.90bn, throwing a derivation state of Bayelsa to the sixth position with N61.45bn.

Others among the first ten are Katsina state in the seventh position garnering N44.80bn, Oyo hits number eight with N43.78 bn, Kaduna manages with number nine position with N42.60 bn and the tenth place surprisingly goes to Borno State, with N39.63bn despite the calamities that have befallen the North Eastern state.

The Economic Confidential search further reveals that the states with the lowest allocation from the Federation Account within the period under review are Gombe carrying the 36th position with N24.87bn, followed by Ebonyi state with N24.91bn in the 35th position, Nasarawa State as in the 34th position with N25.41bn. While Ekiti and Kwara states took the 33rd and 32nd positions respectively with N25.57bn and N26.48bn.

A graphic look at the six geopolitical zones in the country showed that the South-south states put together hits the number one position in the Federal allocation within the period under review with N368bn, the Northwest took the second position with N283bn, sending the Southwest states to the third position with N262bn.

The North Central geopolitical zone got N190bn to stand at the fourth position, while the fifth and the sixth positions went to Northeast and Southeast with N189bn and N154.7bn respectively.

The Economic Confidential has been at the forefront of dishing out Federation Account allocations figures of all tiers of government for the benefit of Nigerians in the last decade.

The table of the disbursements and graphs are attached here also in this link: https://economicconfidential.com/faac-fg-states-jan-june-2017/

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