Gets 52.68% from Federation Account [FA] & 15% from VAT Pool

From FA:
FG Budget: 48.5%
Special Funds: 4.18%

From VAT Pool:
FG Budget: 14%
FCT: 1%

From Special Funds:
FCT: 1%
Ecological: 1%
Stabilization: 0.5%

Nat Resources: 1.68%

HOW VAT IS SHARED

96% goes to the VAT Pool
4% goes to FIRS

From the 96% in the VAT Pool:
35% goes to Local Govts
50% goes to State Govts
15% goes to Federal Govt

From the 15% of the Federal Govt:
14% goes to Federal Budget

1% goes to the FCT

HOW FAAC IS SHARED TO STATES & LGAs

1 Equality: 40%

2 Population: 30%

3 IGR Effort: 10%

4 Landmass/Terrain: 10%

5 Social Development Factors: 10%

The Social development Factor are:
a. Education: 4%
b. Health: 3%

c. Water: 3%

HOW FAAC IS SHARED MONTHLY AMONG GOVERNMENTS

Federal Govt: 52.68%

36 State Govts: 26.72%

774 LGAs: 20.60%

STATES THAT SHARE 13% DERIVATION FUND MONTHLY

1 Abia
2 Akwa Ibom
3 Bayelsa
4 Delta
5 Edo
6 Imo
7 Ondo

8 Rivers

HOW 8 STATES SHARE THE 13% DERIVATION FUND MONTHLY

1 Abia: 1.1%—1.3%

2 Akwa Ibom: 21%—23%

3 Bayelsa: 17%—20%

4 Delta: 28%—33%

5 Edo: 2.8%—3.5%

6 Imo: 2.0%—2.3%

7 Ondo: 2.1%—2.8%

8 Rivers: 17%—20%

In 2020, N520.35 billion was shared as 13% Derivation Fund

Top 4 States
1 Delta: N130.57 billion

2 Akwa Ibom: N94 billion

3 Bayelsa: N80.95 billion

4 Rivers: N78.38 billion

STATE’S SHARE OF 2020 FAAC [GROSS]

1 Delta: 7.55%
2 Lagos: 6.87%
3 A/Ibom: 6%
4 Rivers: 5.62%
5 Bayelsa: 5.05%
6 Kano: 3.25%
7 Kaduna: 2.63%
8 FCT: 2.5%
9 Oyo: 2.47%
10 Katsina: 2.45%
11 Imo: 2.45%
12 Edo: 2.4%
….
35 Nasarawa: 1.79%
36 Ekiti: 1.78%

37 Kwara: 1.77%

2020 FAAC DEDUCTIONS FROM STATES & THEIR LGAs

1 Lagos: N67.48b
2 C/river: N19.95b
3 Osun: N19.89b
4 Plateau: N19.17b
5 Bayelsa: N18.34b
6 Ondo: N17.76b
7 Delta: N14.79b
8 Ogun: N14.76b
9 A/Ibom: N14.27b
10 Bauchi: N13.58b
…
36 Yobe: N2.13b

37 FCT: N714.22m

2020 FAAC SHARED TO STATES & LGAs

36 STATES + FCT
Gross Allocation: N2.66 trillion
Net Allocation: N2.29 trillion
Deduction: N369.92 billion

774 LGAs
Gross Allocation: N1.59 trillion
Net Allocation: N1.57 trillion

Deduction: N24.79 billion

2020 STATE’S DEBT TO REVENUE

1 Cross river: 287%
2 Gombe: 222%
3 Osun: 182%
4 Kaduna: 170%
5 Plateau: 169%
6 Ekiti: 165%
7 Lagos: 160%
8 Imo: 158%
9 Edo: 158%
10 Ogun: 155%
..
35 Katsina: 51%
36 FCT: 43%
37 Jigawa: 38%

PS:

Revenue = FAAC (SG & LGAs) + IGR

MOST FAAC DEPENDENT STATES – FAAC as % Share of Revenue, 2020

1 Jigawa: 92%
2 Bayelsa: 92%
3 Katsina: 92%
4 Yobe: 91%
5 Adamawa: 91%
6 Niger: 91%
7 Borno: 91%
8 Taraba: 90%
9 Benue: 90%
10 Sokoto: 89%

36 FCT: 51%
37 Lagos: 36%

PS:

Revenue = FAAC (SG+LGAs) + IGR

MOST FAAC DEPENDENT ZONE – FAAC as % Share of Revenue, 2020

1 North East: 90.0%
2 North West: 84.1%
3 South East: 81.4%
4 South South: 77.6%
5 North Central: 76.6%
6 South West: 53.4%

Northern Nigeria: 83%
Southern Nigeria: 68.2%

PS:

Revenue = FAAC (SG+LGAs) + IGR

HOW MUCH OF 2020 STATE’S IGR IS FROM PAY AS YOU EARN (PAYE)?

1 Bauchi: 93.4%
2 Katsina: 91.3%
3 FCT: 90.9%
4 Bayelsa: 89.9%
5 Rivers: 82.9%
6 Plateau: 81.1%
7 Delta: 77.2%
8 Borno: 76.6%
9 Nasarawa: 76.3%
10 Akwa Ibom: 76.1%
…
36 Kaduna: 32.7%

37 Kebbi: 32.2%

2020 MOST INDEBTED ZONE – 2020 DEBT PER CAPITA

1 South South: ₦46,153

2 South West: ₦43,402

3 North East: ₦26,012

4 South East: ₦25,723

5 North Central: ₦22,425

6 North West: ₦14,989

Northern Nigeria: ₦19,858
Southern Nigeria: ₦39,952

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