Which state in Nigeria has the highest allocation from federal government?
In 2020, the Nigerian government allocated the highest disbursements to Delta, Akwa Ibom, Rivers, Bayelsa, and Lagos. Each of these states received over 100 billion Naira, with Delta reaching 187 billion Naira.
How many Nigerian states can survive without federal allocation?
six states
Muritala Awodun, has lamented that out of the 36 states in Nigeria, one can hardly count up to six states that can survive without federal allocation, going by the figures of the Internally Generated Revenue (IGR) of the 36 states.
What is Federal Government allocation?
The federal allocation is used to augment the internally generated revenue of each tier of government. These are used to finance capital and recurrent expenditures by the three tiers of government and misused in the process by public officials.
What are the current vertical and horizontal revenue allocation formula in Nigeria?
The federal government has agreed to receive less federation revenue, with a proposal to collect 50. 65 per cent, down from the present 52.68 per cent. The present vertical Revenue Allocation Formula is: Federal Government 52.68%; State Governments 26.72%; Local Governments 20.60% and Derivation Formula 13%.
How much is Lagos State federal allocation?
In 2020, the Nigerian government allocated one of its highest disbursements to the State of Lagos, which received 116 billion Naira. Of this, the local government of Alimosho was given 8.4 billion Naira, the largest amount among the 20 local governments….
| Characteristic | Funds in billion Naira |
|---|---|
| – | – |
How much revenue is shared from the federal government to the states?
Federal Budget Federal receipts were 64 percent of the total, while state and local receipts (excluding intergovernmental transfers) were 21 percent and 15 percent, respectively.
Which state has the highest oil production in Nigeria?
Akwa Ibom State. Akwa Ibom is the largest oil producing state in Nigeria accounting for 31.4% of the total oil produced daily.
How much is allocated to local government in Nigeria?
5 trillion of LGA allocation ‘pocketed’ by State Governments in the last 12 years. A monthly average of N139,117,586 or an annual average of 1.67 billion naira (N1,669,411,036) has accrued to each local government in Nigeria.