FAAC shared May revenue to states

The Lagos State Got the lion’s share of N6,082,690, 933.64 in last month’s allocation to states by the Federal Account Allocation Committee (FAAC).

Allocations were shared in June as revenue collections accrued to the account in May.

State was closely followed by Rivers which collected N4,354,473,497.62, including the 13 per cent share of derivation and Value Added Tax allocations.

Total net allocations were made after deductions from contractual and other obligations by some of the states including Bayelsa, Bauchi and Benue.

Abia got N1,923,982,456.53 while Adamawa had N1,828,758,173.61 with Akwa-Ibom collecting N6,847,573,681.87,  as Anambra got N2,116,807,667.14 during the period;

Figures further showed that Bauchi State made N1,965,255,213.47;Bayelsa, N2,816,868,014.70; Benue, N1,534,960,334.09; Borno, N2,147,600,578.02 and Cross River, N804,060,982.38 in June.

According to the  News Agency of Nigeria (NAN), Delta received N2,890913, 486.26 after deductions from some contractual obligations while Ebonyi got N1.843,573,739.61 from the Federation Account.

Edo, which also collected allocations from the 13 per cent derivation account, had a total of N1,162,645,899.11 as Ekiti got N903,602,952.88 from the account.

Enugu got N2,003,137,942.20;  Gombe had N1,237,565,490.87; while Imo got N1,872, 879,765.17 from the revenues realised by the Federal Government.

Jigawa also had its own share of N2,339,773,705.98, Kaduna got N2,537,735,912.75; Kano-N3,233,171496.48 while Katsina State made N2,397, 831,082.43.

Kebbi received N1,978,817, 185.53; Kogi-N1,800,713, 440.93; Kwara, N1,554,650, 906.93; Nasarawa, N1,738,115 545.39 and Niger, N1,795,229, 811.70 as allocations for May.

Ogun realised N935,421, 032.61; Ondo, N1,765,753, 396.69; Osun, N2,105,441, 605.75; Plateau-N1,033,584, 304.35 with Sokoto making N2,165,593,899.10 just as Taraba got N1,712,426,074.23.

Yobe, without record of contractual obligation, made N1,999,612,020.31 while Zamfara which had deductions from some obligations, got N1,242,750,215.67.