Finance Minister, Kemi AdeosunReport reaching us indicates that three tiers of government in nigeria: Federal, states and localg governments shared a total sum of N5.9 trillion from the Federation Account in 2017 despite the economic recession during the period. There are 36 states and 774 local government councils.
The report showed that while the Federal Government and its agencies received a total sum of NN2.5 trillion the other two tiers of government shared N3.3 trillion.
The total allocation of N3.3 trillion to States and their Local Government Councils is N700 billion above the N2.6 trillion they received in the previous year of 2016.
In its annual detailed investigative report with a table of figures, the Economic Confidential Magazine said that among the state recipients, Lagos is ranked first as the highest recipient of gross allocation with a total sum of N201 billion in the twelve months of 2017. It is followed by Akwa State N197 billion, Rivers N178 billion, Delta State N175 billion and Kano State N143 billion. The five states cornered over a quarter (25%) of the total allocation for the States and local government councils in Nigeria.
Among the 10 highest recipients from the Federation Account are Bayelsa State which got N138 billion; followed by Katsina State N103 billion, Oyo State N101 billion, Kaduna State N98 billion and Borno State N92 billion.
The lowest recipients are Gombe and Ebonyi States that got N57 billion each followed by Ekiti and Nasarawa State N59 billion each and Kwara N61 billion.
The report showed that Edo and Ondo which are oil-producing states got N75 billion and N85 billion respectively while another state in the South-South, Cross River State merely received N68 billion.
The Magazine gathered that factors that influence allocations to states and local government councils from the Federation Account include: Population, Derivation, Land mass, Terrain, Revenue Effort, School Enrolments, Health Facilities, Water Supply and Equality of the beneficiaries. [myad]
