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South-South takes highest share as 36 states, FCT receive N8.79tn from FAAC in 2 years

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The South-South region took the highest share as the 36 states, the Federal Capital Territory and the 774 local governments in the country received a total of N8.79 trillion in 2020 and 2021 from Federation Account allocations.

This was disclosed in a recent report by the Nigeria Extractive Industries Transparency Initiative, NEITI.

The report showed that revenue includes gross income statutory allocations, value-added tax, and 13 per cent derivation for mineral-producing states.

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According to NEITI, regarding geopolitical zone allocations, the South-South received the highest allocation, with N2.59 trillion or 29.53 per cent of the total revenue shared with the federating units.

The huge number resulted from the 13 per cent derivation revenue allocated exclusively to nine oil-producing states. Five of them are from the South-South geopolitical zone.

For the other zones: North-West, N1.56 trillion or I7.85 per cent; South-West, N1.28 trillion or 14.57 per cent; North-Central, N1.26 trillion or 14.39 per cent, and North-East,12.71 per cent, for the period under review.

South-East had the lowest allocation – N963 billion or 10.96 per cent of the total allocation.

Delta State, with N372.07 billion in the South-South Zone, received the highest allocation, followed by Rivers with N298.68 billion and Akwa Ibom with N281.78 billion.

Cross River had the least allocation in the zone, with N66.83 billion, during the years under review.

Kano State received the highest allocation with N163.41 billion in the North-West Zone. Kaduna and Katsina followed with N130.02 billion and N123.09 billion, respectively. Zamfara State got N84.81 billion.

In the South-West zone, Lagos State received the highest allocation with N243.58 billion for the period under review. Oyo followed with N117.93 billion. Ondo got N95.98 billion, while Osun received N64.19 billion.

The FCT in the North Central Zone received the highest allocation, with N112.77 billion. Borno State received the highest allocation in the North East Zone with N122.49 billion.

In the South East zone, Imo State received the highest allocation with N113.45 billion in the period under review.


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