Innocent Eteng

last updated Tue, Nov 8, 2022 11:07 PM

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How FG, States Shared N769.23bn In September 2021

By Innocent Eteng
| Updated 23:07 08/11/2022
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Today, the National Bureau of Statistics released details showing how the federal, state and local governments shared generated revenue in September last year.

The report also shows the amount disbursed to oil-producing states and revenue-generating agencies like the Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and the Department of Petroleum Resources (DPR).

According to the published document, the distributed funds, about N769.23 billion in total, were generated in August last year from the Statutory Account (N537.52bn), Valued Added Tax (N178.48bn), Non-Oil Excess Account (N50.00bn), Excess Bank Charges (N0.40bn), and Exchange Gain difference (N2.83bn).

A distribution breakdown shows that the Federation Account Allocation Committee disbursed N289.56bn to the federal government from the N769.23 billion. The 36 states got N217.18bn, and the 774 local governments received N161.54bn.


The report said N28.98bn was shared among the oil-producing states from the 13% derivation fund. The NCS received N11.50bn, the FIRS got N12.69bn, while DPR got N5.05bn.

More details of the report are available for download here.

Nigeria NBS Federation Account Allocation Committee


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