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
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