FAAC: Ranking of Rich and Por States in Nigeria

July 14, 2008   Federation Account: The Ranking of Rich and Poor States in Nigeria While some states in Nigeria can rely on their internally generated revenue for survival, many states heavily depend on the monthly statutory allocation from the Federation Account and VAT Disbursement for their existence.   In the last two years, some states have continued to retain their positions as highest recipients (richest) from the Federation Account while others, low recipients (poor), continue to be at the bottom of the ladder in the ranking.   As the Economic Confidential magazine continues to provide the monthly allocations from the Federation Account, VAT Disbursement and from the Excess Crude, the Allocations in June 2008 indicate that the highest recipients may not necessarily be the states with high per capita.   From a table provided by www.nigerianmuse.com to the Economic Confidential, the highest recipient which comes first in the ranking is Rivers State followed by Akwa Ibom 2nd, Delta 3rd, Bayelsa 4th, Lagos 5th, Kano 6th, Ondo 7th, Katsina 8th, Oyo 9th and Kaduna 10th in that order. But on their per capita, Katsina is ranked 32nd, Oyo 33th, Lagos 34th, Kaduna 35th, and Kano States rank 36th respectively.   The 10 lowest recipient are Taraba 27, Plateau 28, Yobe 29, Enugu 30, Zamfara 31, Kwara 32, Ekiti 33, Gombe 34, Nasarawa 35, and Ebonyi 36. But some of them have positive ranking per capita. For instance Nasarawa state is ranked 6 on per capita, Taraba 7, Yobe 8, Kwara 9, Ebonyi 11, Ekiti 13 and Gombe 14.   The factors for differential on the disbursements include derivation principles which favour oil producing states, Populations, School Enrolments, Hospital Beds, Road Networks, Landmass, Terrain and Internally Generated Revenue.   The table below tabulated by nigerianmuse.com, provides the states' Population Figures, Grand Total of June Federal Allocation, Allocation Ranking, Per Capita Allocation and Ranking on Per Capita.   To view the table, please click HERE Economic Confidential Factual, Authoritative and Accesible Nigeria's Economic Magazine www.economicconfidential.com