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2012 was a rehearse of routines that have defined Nigeria’s oil wealth for decades: huge crude earnings averaging $86 billion according to the Organization of Petroleum Exporting Countries (OPEC), dismal response to the nation’s needs through poor budgetary allocations and the lining of a few pockets with public funds.

This study spotlights the performance of five Niger Delta states of Akwa IbomBayelsaDeltaEdo and Rivers in the management of revenues and expenditures in the year 2012. Click to read full report

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FAAC Report
Foreign Excess Crude: How They Shared N173bn in March 2013 PDF Print E-mail
Written by Citizens Budget   
Wednesday, 22 May 2013 10:32

The sum of N173,505,579,751.13  was shared at the meeting of the Federation Account Allocation Committee (FAAC) as disbursement from Foreign Excess Crude Saving Account being difference between budget and actual in March 2013. Click Here to View the Table (External)

 
FAAC: How They Shared N658bn as Statutory Revenue and VAT Revenue in October 2012 PDF Print E-mail
Written by Citizens Budget   
Monday, 26 November 2012 06:15

The Economic Confidential magazine provides here the distribution of a total sum of N658billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in October, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom N17.6bn, Rivers receiving N14.4bn, Delta N14.4bn and Bayelsa N9.8bn. The highest recipients from non-oil –producing states are Lagos N13.8bn and Kano N10.6bn.
The lowest recipients as revealed in the table below are Gombe N4bn, Nasarawa N4bn, Ebonyi N3.7bn and Ekiti N6.3bn. The Economic Confidential can also confirm other disbursements in October, 2012: Federal N198.5bn, FCT Councils N4.2bn, Nigerian Customs Service (NCS) N2.7bn, and Federal Inland Revenue Service (FIRS) N4.2bn. Click Here to View the Table (External)

Last Updated on Monday, 26 November 2012 06:22
 
Federation Account: How They Share N 713bn in November 2012 PDF Print E-mail
Written by Citizens Budget   
Monday, 26 November 2012 06:15

The Economic Confidential magazine provides the table of the distribution of a total sum of 713, 151,027,178.97 as Statutory and VAT Allocations to the tiers of government in November 2012 during the monthly meeting of the Federation Account Committee. Click Here to View the Table (External)

Last Updated on Wednesday, 09 January 2013 04:31
 
Federation Account:How They Shared N632bn in September 2012 PDF Print E-mail
Written by Citizens Budget   
Wednesday, 21 November 2012 06:27

The Economic Confidential magazine provides here the distribution of a total sum of N632 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in September, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with AkwaIbom N17.3bn, Rivers receiving N12.5bn, Delta N13.2bn and Bayelsa N8.5bn.

The highest recipients from non-oil –producing states are Lagos N14.3bn and Kano N10.5bn.
The lowest recipients as revealed in the table below are Gombe N3.9bn, Nasarawa N3.9bn, Ebonyi N3.6bn and Ekiti N4.0bn. The Economic Confidential can also confirm other disbursements in August, 2012: Federal N194.1bn, FCT Councils N4.1bn, Nigerian Customs Service (NCS) N2.9, and Federal Inland Revenue Service (FIRS) N5.2bn Click Here to View the Table (External)

 
Federation Account: How They Shared N886bn as Statutory and VAT in August 2012 PDF Print E-mail
Written by Citizens Budget   
Sunday, 16 September 2012 12:17

The Economic Confidential magazine provides here the distribution of a total sum of N886 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in August, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with AkwaIbom N18.1bn, Rivers receiving N13.9bn, Delta N14.2bn and Bayelsa N9.3bn. The highest recipients from non-oil –producing states are Lagos N13.2bn and Kano N10.8bn.

The lowest recipients as revealed in the table below are Gombe N4bn, Nasarawa N4bn, Ebonyi N3.7bn and Ekiti N3.9bn. The Economic Confidential can also confirm other disbursements in August, 2012: Federal N204.1bn, FCT Councils N4.3bn, Nigerian Customs Service (NCS) N2.7n, and Federal Inland Revenue Service (FIRS) N7.7bn Click Here to View the Table (External)

Last Updated on Sunday, 16 September 2012 12:20
 
Federation Account: How They Shared: N830bn in July 2012 PDF Print E-mail
Written by Citizens Budget   
Sunday, 16 September 2012 12:12

The Economic Confidential magazine provides here the distribution of a total sum of N830 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in July, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states withAkwaIbomreceiving N17.5bn, Rivers N10.4bn Delta N13.1bn and Bayelsa N8.5bn. The highest recipients from non-oil –producing states are Lagos N13.9bn and Kano N10.9bn.

The lowest recipients as revealed in the table below are Gombe N4.1bn, Nasarawa N4.1bn, Ebonyi N3.8bn and Ekiti N4.2bn. The Economic Confidential can also confirm other disbursements in July, 2012: Federal N205.5bn, FCTA N4.3bn, FCT Councils N1.5bn, Nigerian Customs Service (NCS) N3.2bn, and Federal Inland Revenue Service (FIRS) N9.8bn Click Here to view the Table (External)

Last Updated on Sunday, 16 September 2012 12:20
 
Federation Account: How They Shared N647 bn in June 2012 PDF Print E-mail
Written by Citizens Budget   
Sunday, 22 July 2012 21:22

The Economic Confidential magazine provides here the distribution of a total sum of N647 billion being the statutory and VAT allocations shared to all tiers of government at the meeting of the monthly Federation Account Allocation Committee (FAAC) in June, 2012. From the total disbursement of nets after deductions, the highest recipients are from the oil producing states with Akwa Ibom N20.9bn, Rivers receiving N17.6bn Delta N15.4bn and Bayelsa N10.5bn. The highest recipients from non-oil –producing states are Lagos N14.4bn and Kano N11.6bn.

The lowest recipients as revealed in the table below are Gombe N4.4bn, Nasarawa N4.4bn, Ebonyi N4bn and Ekiti N4.5bn. The Economic Confidential can also confirm other disbursements in June, 2012: Federal N218.3bn, FCT Councils N4.6bn, Nigerian Customs Service (NCS) N2.8bn, and Federal Inland Revenue Service (FIRS) N4.8bn. Click Here to Download the table (PDF)

Last Updated on Wednesday, 25 July 2012 21:46
 
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