The 36 states in July shared N145 billion from the Federation Account as their share of what the country generated as revenue from June and shared in July.
The breakdown is contained in a report obtained by the News Agency of Nigeria on Thursday from a source at the office of the Accountant-General of the Federation.
NAN recalls that at the last Federation Account Allocation Committee meeting held in July, federal, states and local governments shared N559 billion as against the N305 billion that was shared before that.
The Minister of Finance, Kemi Adeosun, attributed the increase, which is the highest for the administration, to efficiency in collection by revenue generating agencies, especially the Federal Inland Revenue Service.
However, a source at the office of the Accountant-General’s Office said the increase was simply companies paying their Company Income Tax.
The person said CIT was usually paid between June and August every year.
He said: “If you follow revenue trend, you will notice that the federation’s revenue goes up around these period, so it’s nothing new.”
The report showed that the revenue distributed included the Gross Statutory revenue, Value Added Tax, exchange gain, solid minerals revenue from 2007 to 2014 and 13 per cent derivation to oil producing states.
The report showed that before distribution, state liabilities were deducted.
he liabilities included external debt of N1.67 billion, contractual obligations of N10.62 billion and other deductions amounting to N17.1 billion.
The report showed that other deductions cover National Water Rehabilitation Projects, National Agricultural Technology Support, Payment for Fertilizer, State Water Supply Project, State Agriculture Project and National Fadama Project.
To sum it up, here is what the 36 states got after all deductions were made: