Federation Account Allocation Committee (FAAC) to states and LGAs from January to April 2020.

Federation Account Allocation Committee (FAAC) Releases Allocation collected by states and LGAs for the months of January to April 2020.

1 Delta: ₦87.26b
2 Akwa Ibom: ₦74.33b
3 Lagos: ₦70.83b
4 Rivers: ₦70.20b
5 Kano: ₦55.73b
6 Bayelsa: ₦54.03b
7 Katsina: ₦41.82b
8 Kaduna: ₦39.25b
9 Oyo: ₦37.46b
10 Borno: ₦36.85b
11 Jigawa: ₦34.73b
12 Niger: ₦34.34b
13 Imo: ₦33.79b
14 Sokoto: ₦32.20b
15 Edo: ₦31.44b
16 Bauchi: ₦30.79b
17 Benue: ₦30.59b
18 Kebbi: ₦30.07b
19 Anambra: ₦29.95b
20 Kogi: ₦28.53b
21 Adamawa: ₦28.47b
22 Enugu: ₦27.87b
23 FCT: ₦27.53b
24 Ondo: ₦27.50b
25 Yobe: ₦27.29b
26 Abia: ₦26.54b
27 Taraba: ₦25.34b
28 Osun: ₦24.09b
29 Ogun: ₦23.60b

 

30 Plateau: ₦23.52b
31 Kwara: ₦23.49b
32 Zamfara: ₦23.48b
33 Ebonyi: ₦22.58b
34 Nasarawa: ₦22.47b
35 Cross River: ₦21.99b
36 Ekiti: ₦21.83b
37 Gombe: ₦20.35b

What is the sources of funds in the Federation account?

The federation account received money from seven major sources, including:

1. Nigeria National Petroleum Corporation (NNPC)

2. Nigeria Custom Services (NCS)

3. Federal Inland Revenue Service (FIRS)

• Corporate Income Tax
• Education Tax
• Information Technology Tax
• Pension Contributions
• Industrial Training Fund Contributions
• National Housing Fund Contributions
• Employee Compensation Scheme
• Petroleum Profit Tax
• Capital Gains Tax
• Withholding Tax
• Value Added Tax
• Stamp Duty
• Luxury Tax

4. Nigeria Ports Authority (NPA)

5. Central Bank of Nigeria (CBN)

6. Nigeria Maritime Administration and Safety Agency (NIMASA)

7. Nigeria Liquified Natural Gas (NLNG)