SALARY: Hope no state will claim economic recession is the reason they can't pay salaries.(Big July FG Allocation)

BREAKDOWN OF FEDERAL ALLOCATION TO THE
VARIOUS STATES FOR THE MONTH OF JULY
2016 BY FAAC
Thirty-six states of the Federation and the
Federal Capital Territory, Abuja, collectively
smiled home in the month of July when they
pocketed a whopping N673.324billion as their
share of statutory allocation and first tranche of
the excess crude earnings distribution for the
period.
This was revealed in a document from the office
of the Accountant-General of the Federation
titled: Distribution of Statutory Allocation and
Excess Crude Proceeds to the three tiers of
Government in July 2016, a copy of which
THISDAY got yesterday.
The report showed that five of the states: Rivers,
Bayelsa, Delta, Akwa Ibom and Kano, catapulted
themselves to the two-digits wrung with each
carting home between N10 billion and N25 billion.
Similarly, Nasarawa and Ekiti States received
N4.508 billion and N4.732 billion respectively.
Other states which also got huge amounts from
the distribution include: Ondo with
N9,060,035,806.15 Lagos state got
N8,299,806,965.06 Kaduna state got
N7,654,995,396.83 Imo state got N7,366,417,410.
84 Borno state got N7,276,602,098.96 Niger state
got N7,151,791,231.47 Jigawa state got
N7,048,660,361.35
Leading the pack, Rivers state got a grand total
of N25,883 billion which is made up of N10.138
billion from 13 per cent derivation, N12.803 billion
from excess crude, N1.39 billion from statutory
allocation and another N1.5 billion excess crude
for local governments in the state.
Similarly, Bayelsa state received N7.97 billion
from the 13 per cent derivation account as well
as N10 billion from excess crude account. The
state also had its accounts credited to the tune
of N538 million for its councils and another
N597.7 million excess crude for the same councils
in the state.
In total, the state smiled home with a whooping
grand total of N19,197,410,863.92. In the same
vein, Delta State which garnered a total of
N18.622billion, had its share broken down thus:
13 per cent derivation N6.977 billion; excess
crude N8.734 billion; statutory allocation for local
governments N1.379 billion and excess crude
distribution to the councils N1.531 billion.
According to finance ministry officials, what is
being paid as proceeds of the difference between
the budgeted volume short fall from a current
Niger Delta situation where Nigeria is only
producing about 2 million barrels of crude oil per
day instead of the OPEC allocation of 2.5 barrels
per day matched against excess earnings of over
70 dollars per barrel when the budgeted reference
price is 35 dollars.
THISDAY checks reveal that this is the first of
such payments as states will continue to enjoy
this windfall over the next several months. The
fourth highest beneficiary and another oil
producing state of the Niger Delta, Akwa Ibom,
has its breakdown as follows: statutory allocation
N6.458 billion, excess crude distribution N8.065
billion, statutory allocations for state councils
N1.569 billion while the excess crude account for
councils was credited with a whopping N1.738
billion. In total, the state got N7,831,804,082.85.
The only non-oil producing state that garnered
over #10 billion was Kano. It got N10.776 billion
and was distributed as follows: statutory
allocation N2.44 billion; excess crude N2.7 billion,
statutory allocation for its 44 councils, N2.669
billion and excess crude to same accounted for
N2.959 billion.
Conversely, the FCT, Gombe, Ebonyi, Nasarawa
and Ekiti States went home with the least
allocations of between N73.3 million and N4
billion . While the document further showed that
the FCT got its accounts credited to the tune of
N673.324 million, Gombe State became richer
with M4.435 billion lumped into its accounts.

source: ThisDay