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Federation Account: Richest and Poorest State beneficiaries in 2012
Between January and December 2012, Over N8 trillion was shared
Following a painstaking research, the always authoritative and factual Economic Confidential can now reveal that a total sum of N8.8 trillion was disbursed to tiers of Nigerian government from the Federation Account between January and December 2012 from the statutory and VAT allocations. This amount excluded other allocations that were occasionally made to the states from Excess Crude Account, Domestic Crude Account, SURE-P, NNPC Refund and foreign exchange differentials. Akwa Ibom State appears to be the 'king of boys', coasting home with a princely N217bn followed by Rivers which received N177bn and Lagos N168bn in the 12 months of 2012. A table of allocation compiled by Economic Confidential shows Ebonyi State, Gombe State and Nassarawa State emerging the poorest states with total allocations of N45bn Gombe N48bn and N49bn respectively. The table is also at the bottom of this mail. Read: http://economicconfidential.net/new/financial/facts-a-figures/1223-federation-account-2012-the-richest-and-poorest-state-beneficiaries-in-nigeria
Non-Oil Tax Hits N1.8Trillion as FIRS nets N5 trillion in 2012
The Federal Inland Revenue Service (FIRS) has continued to record steady increases in the collection of all the taxes under its remit. The Service closed the 2012 financial year with a total collection of N5.007trillion; N1.806 trillion (36.07 per cent) of which came from non-oil taxes. Oil taxes contributed N3.201 trillion (63.93 per cent and was N3.070 trillion in 2011. Read: http://economicconfidential.net/new/financial/tax-matters/1227-non-oil-tax-hits-n18trillion-as-firs-nets-n5-trillion-in-2012-
Nigeria 2012: A Year Full of Scandals
The year 2012 fulfilled its promise to be one of the most dramatic ever for Nigeria. It was a year of scandals, financial and moral, culminating in the global anti-corruption body- Transparency International (TI) declaring Nigeria as the 37th most corrupt nation on the planet. It was on the 139th position of the 176 countries polled. From that first day of the year, which was a Sunday when around noon, fuel stations stopped dispensing premium motor spirit(PMS) to adjust their metre from N65/litre to between and N143/litre across the country, there was never a dull month or week in the next 365 days. It was a leap year too.
Maku Attacks Ezekwesili on Squandering of $67bn Crude Reserves
Nigeria's Minister of Information, Mr. Labaran Maku has debunked claims by a former Minister of Education and erstwhile World Bank Vice-President for Africa, Mrs. Obiageli Ezekwesili that the governments of Presidents Musa Yar'adua and Goodluck Jonathan have squandered $67 billion in reserves (including $45 billion in external reserves and $22 billion in the Excess Crude Account) left by the Obasanjo Administration at the end of May 2007 describing the allegations as factually incorrect. Read: http://economicconfidential.net/new/news/national-news/1229-maku-attacks-ezekwesili-on-squandering-of-67bn-crude-reserves
Pension Reform: 21 States Pass the Law as PenCom Opens Lagos Office
So far 21 states in the federation have passed the Pension Reform bill, which has as its flagship, the Contributory Pension Scheme (CPS). Already 14 of the states have commenced processing leading to the passage of the bill while 7 states have started contributions under the Contributory Pension Scheme. One State is yet to make any effort towards adopting the Pension Reforms. Read: http://economicconfidential.net/new/news/national-news/1228-pension-reform-21-states-pass-the-law-as-pencom-opens-lagos-office
Doha Paperless Global Conference on Climate change
With the latest technology, key information were accessible with the use of two-dimensional "Quick Response" (QR) barcodes that could be scanned by smart phones to gain access to relevant documents, maps and websites in a quick, simple and paper-free way. At the Qatar Sustainability Expo, which ran alongside the conference, exhibitors were encouraged to display QR codes that link to PDF documents instead of handing out literature. Read: http://economicconfidential.net/new/features/1199-doha-paperless-global-conference-on-climate-change
Any Hope for the Naira?
At the conclusion of the 2012 IMF/World Bank Group Annual Meetings in October, the Central Bank Governor, Sanusi Lamido Sanusi, decried the dollarization of the Nigerian economy to some Nigerian journalists, who were sponsored to that event in Japan. According to the Governor, his anxiety was equally shared by President Goodluck Jonathan. Read: http://economicconfidential.net/new/features/1216-any-hope-for-the-naira
Learning From The World's 'Poorest' President
I have been reading the story of President Jose Mujica — the leader of Uruguay (please note the word "LEADER") and I find it to be a singular example of humility, sacrifice and an uncommon disdain for all worldly material and other acquisition. In my opinion, this is a leader who may be worthy of emulation by our so-called leaders in Nigeria, and indeed, in Africa. Read: http://economicconfidential.net/new/features/1219-learning-from-the-worlds-poorest-president
Following a painstaking research, the always authoritative and factual Economic Confidential can now reveal that a total sum of N8.8 trillion was disbursed to the three tiers of Nigerian government from the Federation Account between January and December 2012 from the statutory and VAT allocations.
This amount excluded other allocations that were occasionally made to the states from Excess Crude Account, Domestic Crude Account, SURE-P, NNPC Refund and foreign exchange differentials.
But a careful scrutiny of the detailed disbursements showed also that the states can be conveniently categorized into the 'boys and men's clubs' with a few of the states taking hundreds of billions, others taking a little less and the majority going home with 'paltry' amounts.
Akwa Ibom State appears to be the 'king of boys', coasting home with a princely N217bn followed by Rivers which received N177bn and Lagos N168bn in the 12 months of 2012.
A table of allocation compiled by Economic Confidential shows Ebonyi State, Gombe State and Nassarawa State emerging the poorest states with total allocations of N45bn Gombe N48bn and N49bn respectively .
The allocation to the states included the share to their respective local government councils which they cornered since almost all the funds to the councils are controlled by governors who determine the administrators at the third tiers of government.
It is instructive to point out also that this amount was solely from the federation account as none of the states contributed to their individual earnings from their internally generated revenue. The receipt came mostly from oil revenue, customs duties and VAT receipt.
The disparity in the allocations to the states came as a result of the indices developed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) upon which the monthly disbursements are made by the Federation Accounts Allocation Committee (FAAC) chaired by the Minister of State for Finance.
The indices include population, land mass, derivation, equality, internally generated revenue and other social development factors like school enrolment, hospital beds and road networks.
Federation Account: Net Statutory and VAT Allocations in 2012
| STATE | LG/A | January | February | March | April | May | June | July | August | September | October | November | December | TOTAL |
| SUMS RECEIVED | ||||||||||||||
| | | =N= | =N= | =N= | =N= | =N= | =N= | =N= | =N= | =N= | =N= | =N= | =N= | =N= |
| ABIA | 17 | 4,758,564,148.67 | 4,408,232,565.75 | 5,038,237,105.46 | 6,264,136,086.96 | 5,593,846,967.38 | 5,628,739,377.83 | 5,317,099,235.15 | 5,188,559,421.55 | 5,288,456,580.56 | 5,383,666,774.58 | 5,847,846,415.03 | 5,247,310,708.23 | 63,964,695,387.15 |
| ADAMAWA | 21 | 5,572,047,304.79 | 4,615,234,851.91 | 5,117,710,577.40 | 6,223,117,436.14 | 6,079,969,957.40 | 6,285,296,872.65 | 5,959,508,976.26 | 5,897,517,248.67 | 5,719,651,135.46 | 5,758,195,182.35 | 6,379,129,165.36 | 5,663,585,224.72 | 69,270,963,933.11 |
| AKWA IBOM | 31 | 17,090,390,049.54 | 14,501,984,752.14 | 16,958,970,155.44 | 21,391,853,737.12 | 19,461,318,153.62 | 20,928,879,033.99 | 17,582,886,495.00 | 18,143,836,096.44 | 17,343,591,156.49 | 17,613,595,922.82 | 19,372,147,831.92 | 17,386,735,501.55 | 217,776,188,886.07 |
| ANAMBRA | 21 | 5,664,149,073.87 | 5,198,261,741.16 | 5,733,101,435.25 | 6,843,627,377.80 | 6,151,611,034.98 | 6,424,732,941.76 | 6,096,359,113.62 | 5,970,418,369.97 | 5,828,657,111.69 | 5,818,736,995.11 | 6,484,782,729.75 | 5,754,484,837.15 | 71,968,922,762.11 |
| BAUCHI | 20 | 6,248,058,559.68 | 5,373,694,204.19 | 5,995,642,147.57 | 7,278,245,672.89 | 6,818,964,974.07 | 6,976,754,162.94 | 6,803,077,337.10 | 6,689,317,496.28 | 6,417,673,382.59 | 6,509,970,869.19 | 7,243,864,150.26 | 6,399,571,510.49 | 78,754,834,467.25 |
| BAYELSA | 8 | 9,390,046,065.24 | 8,666,077,450.88 | 9,580,367,049.81 | 10,929,217,737.24 | 9,837,979,745.53 | 10,553,076,701.81 | 8,576,305,792.09 | 9,334,128,899.16 | 8,599,034,244.58 | 9,821,665,449.01 | 10,895,116,283.71 | 9,560,128,612.61 | 115,743,144,031.67 |
| BENUE | 23 | 5,871,570,223.72 | 5,370,631,333.75 | 5,919,793,980.14 | 7,155,664,985.65 | 6,408,173,594.32 | 6,660,567,453.25 | 6,296,362,759.23 | 6,175,181,747.41 | 5,996,771,322.33 | 6,045,162,147.73 | 6,755,455,669.75 | 5,948,505,883.64 | 74,603,841,100.92 |
| BORNO | 27 | 6,958,687,073.61 | 6,014,675,765.38 | 6,626,720,935.46 | 8,013,209,121.07 | 7,525,956,177.25 | 7,897,033,297.88 | 7,487,819,717.74 | 7,273,018,007.79 | 7,077,523,173.10 | 7,139,161,988.91 | 7,911,376,587.17 | 7,011,941,619.70 | 86,937,123,465.06 |
| CROSS RIVER | 18 | 5,140,319,877.82 | 4,678,662,052.62 | 5,145,025,433.10 | 6,218,604,214.55 | 5,645,032,392.27 | 5,918,826,794.90 | 5,546,259,371.92 | 5,117,698,852.04 | 4,981,417,115.20 | 4,983,352,161.34 | 5,577,798,385.07 | 4,941,579,290.91 | 63,894,575,941.74 |
| DELTA | 25 | 14,052,600,292.70 | 12,873,939,530.73 | 13,678,770,630.64 | 17,769,881.42 | 15,401,000,691.02 | 15,412,606,232.20 | 13,112,652,613.28 | 14,275,428,744.02 | 13,243,181,932.57 | 14,427,191,487.69 | 15,959,433,109.22 | 13,597,496,499.70 | 156,052,071,645.19 |
| EBONYI | 13 | 3,527,559,507.11 | 3,168,530,502.31 | 3,573,177,875.57 | 4,379,008,118.56 | 3,905,441,160.54 | 4,074,244,487.77 | 3,836,352,285.71 | 3,749,303,857.64 | 3,639,555,879.90 | 3,704,834,730.54 | 4,163,690,918.83 | 3,614,257,334.01 | 45,335,956,658.49 |
| EDO | 18 | 5,299,415,325.66 | 4,769,061,196.41 | 5,485,920,279.74 | 6,714,443,296.71 | 5,849,489,569.37 | 6,227,858,717.96 | 5,745,735,325.55 | 5,568,802,381.10 | 5,467,459,768.08 | 5,524,033,521.48 | 6,110,620,813.89 | 5,406,200,237.29 | 68,169,040,433.24 |
| EKITI | 16 | 3,941,497,668.95 | 3,481,465,944.23 | 3,872,518,627.98 | 4,723,008,032.97 | 4,319,228,060.74 | 4,522,284,910.06 | 4,270,631,760.50 | 3,979,402,774.40 | 4,088,294,261.96 | 4,104,612,747.86 | 4,598,763,592.10 | 4,401,338,126.47 | 50,303,046,508.22 |
| ENUGU | 17 | 4,914,239,021.94 | 4,475,994,970.97 | 4,977,203,976.74 | 5,955,672,031.18 | 5,312,237,765.70 | 5,561,892,142.10 | 5,272,816,925.05 | 5,161,450,809.43 | 5,037,924,581.76 | 5,076,732,225.05 | 5,728,842,408.89 | 5,073,477,316.21 | 62,548,484,175.02 |
| GOMBE | 11 | 4,269,824,461.69 | 2,902,879,864.38 | 3,740,111,691.77 | 4,577,955,080.51 | 4,198,795,458.55 | 4,414,722,181.35 | 4,167,608,583.06 | 4,092,367,050.78 | 3,965,854,287.92 | 4,066,925,239.68 | 4,488,112,630.74 | 3,865,767,862.04 | 48,750,924,392.47 |
| IMO | 27 | 6,138,603,846.12 | 5,504,163,640.48 | 6,113,855,976.80 | 7,337,802,527.68 | 6,601,505,876.91 | 7,006,027,915.56 | 6,496,102,256.85 | 6,492,863,582.91 | 6,193,311,715.86 | 6,318,659,898.43 | 7,026,542,903.79 | 6,180,669,164.46 | 77,410,109,305.85 |
| JIGAWA | 27 | 6,453,736,007.11 | 5,674,027,731.63 | 6,320,504,491.35 | 7,600,171,105.95 | 6,980,572,683.17 | 7,349,715,080.50 | 6,971,695,453.18 | 6,802,996,526.52 | 6,730,637,263.37 | 6,680,144,380.57 | 7,462,156,995.83 | 6,568,665,773.79 | 81,595,023,492.97 |
| KADUNA | 23 | 6,929,407,647.90 | 6,321,555,963.51 | 7.036,390,556.11 | 8,456,771,976.72 | 7,571,547,971.29 | 7,860,537,783.15 | 7,441,493,447.08 | 7,268,543,312.80 | 7,072,264,868.76 | 7,136,312,350.48 | 7,959,471,595.66 | 7,028,809,134.09 | 81,046,716,051.44 |
| KANO | 44 | 10,276,388,104.37 | 9,062,753,946.73 | 10,070,783,320.18 | 12,096,748,562.66 | 11,287,574,037.94 | 11,669,141,205.76 | 10,979,348,704.92 | 10,875,208,337.93 | 10,575,297,804.89 | 10,676,882,753.35 | 11,905,713,584.48 | 10,529,474,269.92 | 130,005,314,633.13 |
| KATSINA | 34 | 7,613,284,263.49 | 6,986,742,406.02 | 7,718,329,639.17 | 9,226,525,319.59 | 8,240,033,601.43 | 8,640,273,286.86 | 8,195,031,277.34 | 8,017,209,281.21 | 7,819,801,189.22 | 7,879,138,810.56 | 8,739,469,909.70 | 7,747,496,693.31 | 96,823,335,677.90 |
| KEBBI | 21 | 5,504,810,878.47 | 4,594,016,576.85 | 5,142,248.450.38 | 6,240,653,854.04 | 6,001,409,926.99 | 6,237,394,533.19 | 5,913,639,990.28 | 5,814,101,905.51 | 5,695,686,879.73 | 5,774,259,644.48 | 6,358,026,643.26 | 5,662,637,825.30 | 63,796,638,658.10 |
| KOGI | 21 | 5,637,015,173.29 | 4,864,221,997.69 | 5,466,010,286.25 | 6,581,099,473.72 | 6,069,915,065.61 | 6,339,704,089.26 | 6,011,472,625.84 | 5,900,649,869.52 | 5,753,877,168.90 | 5,800,152,620.10 | 6,447,202,736.90 | 5,693,487,156.56 | 70,564,808,263.64 |
| KWARA | 16 | 4,562,241,098.89 | 4,160,424,901.59 | 4,584,240,397.26 | 5,528,091.00 | 4,944,001,871.67 | 5,177,716,187.36 | 4,899,179,056.04 | 4,811,537,132.29 | 4,657,039,132.80 | 4,710,590,749.16 | 5,245,220,557.52 | 4,635,744,434.96 | 52,393,463,610.54 |
| LAGOS | 20 | 13,832,390,342.50 | 12,722,644,397.44 | 13,576,871,174.54 | 15,246,402,088.78 | 14,321,920,816.13 | 14,490,935,168.28 | 13,949,887,711.70 | 13,299,806,579.01 | 14,364,278,657.68 | 13,805,196,576.78 | 15,714,827,856.62 | 13,363,205,837.54 | 168,688,367,207.00 |
| NASSARAWA | 13 | 3,824,226,264.56 | 3,499,461,977.72 | 3,871,770,353.46 | 4,705,203,914.44 | 4,211,203,056.04 | 4,422,491,151.29 | 4,176,648,491.84 | 4,088,571,627.73 | 3,970,950,320.01 | 4,027,906,795.90 | 4,495,686,299.73 | 3,968,257,623.21 | 49,262,377,875.93 |
| NIGER | 25 | 6,264,321,638.72 | 5,513,468,599.81 | 6,131,945,424.97 | 7,526,804,700.31 | 6,865,350,935.27 | 7,192,040,821.80 | 6,799,186,246.20 | 6,681,177,747.63 | 6,484,357,396.40 | 6,569,941,250.47 | 7,302,593,683.46 | 6,416,754,510.60 | 79,747,942,955.64 |
| OGUN | 20 | 5,443,106,383.34 | 4,965,868,976.55 | 5,471,710,105.39 | 6,533,027,304.14 | 5,889,975,852.32 | 6,164,994,151.54 | 5,850,763,142.01 | 5,699,431,453.29 | 5,584,107,210.62 | 5,611,375,108.08 | 6,238,729,710.25 | 5,522,870,368.16 | 68,975,959,765.69 |
| ONDO | 18 | 6,648,009,990.75 | 5,161,769,267.04 | 5,869,107,250.89 | 7,570,765,629.47 | 6,824,980,155.69 | 7,105,289,386.95 | 6,530,343,233.96 | 6,418,767,351.94 | 6,291,119,818.54 | 6,461,553,676.03 | 7,182,904,778.58 | 6,351,747,732.63 | 78,416,358,272.47 |
| OSUN | 30 | 5,840,929,898.96 | 5,340,765,474.69 | 5,845,843,257.81 | 6,990,988,255.94 | 6,289,576,703.23 | 6,546,281,743.52 | 6,208,029,901.62 | 6,108,400,167.50 | 5,952,796,881.09 | 5,260,785,935.78 | 6,277,157,850.79 | 5,539,233,857.71 | 72,200,789,928.64 |
| OYO | 33 | 7,309,439,923.19 | 6,688,835,474.81 | 7,380,103,860.29 | 8,832,656,886.28 | 7,981,572,676.36 | 8,361,764,189.72 | 7,931,997,264.09 | 7,797,842,506.71 | 7,590,883,170.44 | 7,641,994,446.64 | 8,490,045,231.82 | 7,517,548,249.25 | 93,524,683,879.60 |
| PLATEAU | 17 | 5,013,269,399.52 | 4,737,563,528.32 | 5,215,441,533.63 | 6,241,851,815.88 | 5,595,979,416.36 | 5,839,478,563.65 | 5,536,670,174.61 | 5,444,47,395.24 | 5,280,544,635.63 | 5,367,431,555.82 | 5,934,726,329.51 | 5,227,338,743.95 | 59,990,295,696.88 |
| RIVERS | 23 | 16,470,910,460.91 | 15,482,451,431.81 | 17,447,531,646.29 | 20,803,252,598.16 | 18,591,315,262.66 | 17,613,798,488.29 | 10,451,273,657.66 | 13,933,773,545.70 | 12,551,713,580.02 | 14,411,332,721.74. | 17,767,803,801.78 | 16,374,436,643.89 | 177,488,261,117.17 |
| SOKOTO | 23 | 5,913,159,584.08 | 5,196,906,502.32 | 5,733,627,836.71 | 6,903,704,516.37 | 6,397,762,519.71 | 6,653,730,674.51 | 6,308,746,749.77 | 6,218,179,118.90 | 6,060,170,709.98 | 6,098,875,374.33 | 6,800,830,703.16 | 6,027,338,600.44 | 74,313,032,890.28 |
| TARABA | 16 | 5,118,499,073.35 | 4,671,663,685.26 | 5,135,000,693.16 | 6,162,107,819.64 | 5,532,363,511.21 | 5,836,808,637.04 | 5,533,769,024.65 | 5,373,366,912.21 | 5,238,810,777.73 | 5,287,901,020.33 | 5,857,994,395.55 | 5,186,061,152.74 | 64,934,346,702.87 |
| YOBE | 17 | 5,035,313,599.48 | 4,503,089,253.58 | 5,023,301,492 | 6,035,436,831.95 | 5,451,169,278.29 | 5,642,836,429.16 | 5,345,323,371.01 | 5,274,440,070.95 | 5,136,601,679.13 | 5,198,400,435.69 | 5,777,170,228.88 | 5,135,354,182.99 | 63,558,436,853.11 |
| ZAMFARA | 14 | 4,260,988,409.00 | 3,625,332,194.27 | 4,509,782,177.75 | 5,501,296,924.81 | 4,975,210,514.35 | 5,203,722,696.46 | 4,911,745,437.08 | 4,840,722,618.23 | 5,059,832,059.38 | 5,117,875,727.37 | 5,668,950,896.99 | 5,043,499,429.73 | 58,718,959,085.42 |
| FCT-ABUJA | 6 | 1,380,731,938.44 | 1,331,819,874.67 | 1,639,439,047.74 | 1,818,177,723.53 | 1,447,687,718.09 | 1,609,927,192.81 | 1,552,804,318.12 | 1,509,983,595.46 | 1,729,267,403.76 | 1,793,751,242.41 | 1,762,973,102.52 | 1,554,021,384.60 | 19,130,584,542.15 |
| STATES-TOTAL | 774 | 248,169,752,581.40 | 221,108,874,529.60 | 246,747,110,875.08 | 298,377,508,731.83 | 270,581,675,153.44 | 280,452,124,685.11 | 254,066,627,828.04 | 252,915,526,016.86 | 248,488,396,258.12 | 253,608,300,517.83 | 283,933,180,488.47 | 250,787,033,334.54 | 3,109,236,111,000.32 |
| FGN | | 194,116,402,411.09 | 173,486,116,867.01 | 189,901,136,866.77 | 234,030,560,867.09 | 207,805,172,672.35 | 218,348,419,012.23 | 205,591,934,974.04 | 204,120,025,454.91 | 194,162,268,587.64 | 198,532,972,055.71 | 219,155,310,919.10 | 191,123,835,156.65 | 2,430,374,155,844.59 |
| FCT-ABUJA | | 4,122,300,811.27 | 3,583,612,233.15 | 3,952,807,336.14 | 4,816,510,610.56 | 4,438,709,760.45 | 4,645,560,761.98 | 4,392,672,681.85 | 4,327,031,064.37 | 4,180,033,000.95 | 4,235,944,434.75 | 4,693,948,151.41 | 4,137,236,422.19 | 51,526,367,269.07 |
| Cost of Collection-NCS | | 2,762,862,887.18 | 2,162,338,981.65 | 2,731,141,205.39 | 2,843,674,675.34 | 2,501,571,116.53 | 2,893,209,756.77 | 3,231,985,300.49 | 2,750,801,665.94 | 2,903,058,390.59 | 2,756,443,860.85 | 2,781,893,867.14 | 2,932,087,518.95 | 33,251,069,226.82 |
| Transfer to Excess Crude | | 236,736,184,265.22 | 224,313,101,757.06 | 300,417,238,235.90 | 173,927,730,468.34 | 180,637,892,010.74 | 86,390,581,219.22 | 207,885,982,423.99 | 213,100,953,834.03 | 124,092,437,058.06 | 140,703,015,465.38 | 172,505,276,248.55 | 161,591,536,142.37 | 2,222,301,929,128.86 |
| 4% Cost of collection-FIRS VAT | | 4,193,057,323.01 | 3,792,809,359.17 | 3,856,211,080.69 | 4,461,055,529.15 | 4,259,500,111.28 | 4,846,828,760.41 | 9,867,240,027.62 | 7,741,458,834.43 | 5,280,130,667.98 | 4,297,770,707.85 | 5,497,160,111.64 | 4,281,960,935.30 | 62,375,183,448.53 |
| TOTAL DEDUCTION | | 14,375,030,964.92 | 21,118,227,695.93 | 19,775,424,88.57 | 20,035,636,880.08 | 15,633,228,021.12 | 15,904,886,766.14 | 49,075,908,349.14 | 49,062,428,481.17 | 46,215,774,645.56 | 46,909,865,475.54 | 15,711,972,672.90 | 17,328,734,519.37 | 311,371,694,471.87 |
| Transfer to Excess Oil Revenue | | 0 | 7,617,431,250.00 | 0 | 289,111,442.81 | 0 | 25,903,967,173.60 | 88,659,866,889.34 | 60,276,130,307.86 | 0 | 7,617,431,250.00 | 1,254,853,469.76 | 0 | 191,618,791,783.37 |
| Transfer from Excess Domestic to Subsidy | | 70,980,048,141.58 | 70,000,000,000.00 | 60,000,000,000.00 | 50,000,000,000.00 | 0 | 0 | 0 | 85,012,641,515.30 | 0 | 0 | 0 | 0 | 335,992,689,656.88 |
| Pyt of o/standing crude debt | | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 7,617,431,250.00 | 91,409,175,000.00 |
| GRAND TOTAL | | 783,073,070,635.66 | 727,182,512,673.57 | 834,998,501,638.43 | 796,399,220,455.20 | 693,475,180,095.92 | 647,003,009,385.46 | 830,389,649,724.52 | 886,924,428,424.87 | 632,939,529,858.91 | 658,661,743,767.92 | 713,151,027,178.97 | 639,799,855,279.37 | 8,843,997,729,118.80 |
Table by the Economic Confidential magazine
Economic Confidential
Factual, Authoritative and Accesible
Nigeria's Economic Magazine
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