South-South Leads as 36 States and FCT Share N8.79tn from FAAC in 2 Years

In a recent report by the Nigeria Extractive Industries Transparency Initiative (NEITI), data revealed that the total Federation Account allocations received by the 36 states, Federal Capital Territory, and the 774 local governments in 2020 and 2021 amounted to N8.79 trillion.

The allocation comprises statutory allocations, value-added tax, and 13 per cent derivation for mineral-producing states.

NEITI’s report highlighted that the South-South region received the highest share, amounting to N2.59 trillion, representing 29.53 per cent of the total revenue distributed among the states.

The substantial allocation to the South-South region stemmed from the 13 per cent derivation revenue specifically earmarked for the nine oil-producing states, five of which are situated in the South-South geopolitical zone.

Other geopolitical zones received the following allocations: North-West – N1.56 trillion (17.85 per cent), South-West – N1.28 trillion (14.57 per cent), North-Central – N1.26 trillion (14.39 per cent), North-East – N1.12 trillion (12.71 per cent), and South-East – N963 billion (10.96 per cent) of the total allocation.

Delta State emerged as the top recipient in the South-South Zone, receiving N372.07 billion, followed by Rivers with N298.68 billion and Akwa Ibom with N281.78 billion. Cross River received the lowest allocation in the zone, at N66.83 billion.

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

Lagos State led the allocation chart in the South-West zone, receiving N243.58 billion, followed by Oyo with N117.93 billion, Ondo with N95.98 billion, and Osun with N64.19 billion.

Within the North Central Zone, the Federal Capital Territory (FCT) received the highest allocation of N112.77 billion. Borno State took the lead in the North-East Zone with an allocation of N122.49 billion.

In the South-East zone, Imo State received the highest allocation, amounting to N113.45 billion for the period under review.