Monies Received By States And LGs

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OCT 2020 FAAC TO STATES & LGAs - Top 11

#1 Lagos: ₦20.9b
#2 Delta: ₦19.2b
#3 A/Ibom: ₦16.7b
#4 Rivers: ₦15.8b
#5 Kano: ₦14.7b
#6 Katsina: ₦10.8b
#7 Oyo: ₦10.3b
#8 Kaduna: ₦10.1b
#9 Bayelsa: ₦9.7b
#10 Borno: ₦9.7b
#11 Jigawa: 9b
#12 Niger: ₦8.97b

JAN-OCT 2020 FAAC TO STATES & LGAs - Top 12

Delta: N197.08b
Lagos: N189.02b
Akwa Ibom: N168.97b
Rivers: N161.88b
Kano: N142.07b
Bayelsa: N117.95b
Katsina: N106.03b
Kaduna: N98.42b
Oyo: N96.06b
Borno: N94.02b
Jigawa: N87.93b
Niger: N87.23b

OCT 2020 FAAC SHARED BY ZONE

South South: ₦74.90 billion
North West: ₦67.54 billion
South West: ₦57.19 billion
North Central: ₦51.71 billion
North East: ₦44.69 billion
South East: ₦37.05 billion

Northern Nigeria: ₦163.94bn
Southern Nigeria: ₦169.14bn

OCT 2020 13% SHARE OF DERIVATION- Oil Producing States

#1 Delta: ₦6.85 billion
#2 A/Ibom: ₦5.11 billion
#3 Rivers: ₦3.93 billion
#4 Bayelsa: ₦3.80 billion
#5 Edo: ₦640.46 million
#6 Imo: ₦500.44 million
#7 Ondo: ₦446.60 million
#8 Abia: ₦271.29 million

OCT 2020 FAAC TOTAL VAT SHARED

Total: ₦141.86b
Federal: 15%
State: 50%
Local: 35%

Lagos: ₦20.06b
Kano: ₦4.96b
Oyo: ₦4.32b
Rivers: ₦3.83b
Katsina: ₦3.37b
Kaduna: ₦3.35b
FCT: ₦2.98b
Jigawa: ₦2.84b

Lagos received 17.89% of VAT while it contributes approx 55%

OCTOBER 2020 FAAC SUMMARY

Total Shared: ₦639.90bn
[-7.73% YoY & -6.18% QoQ Growths]

VAT: ₦141.86bn
[52.7% YoY & -5.6% QoQ Growths]

13% Derivation Fund: ₦36.19bn
[-29.8% YoY & 17.2% QoQ Growths]

Police Trust Fund: ₦1.71bn

NEDC: ₦4.26bn [3% VAT]

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