The latest report by Nigerian Extractive Industries Transparency Initiative (NEITI) released on Thursday indicates that the three tiers of government shared N19.01 trillion mineral revenue during a period three years.
According to NEITI, a breakdown showed that the Federal Government received the sum of N8.85 trillion while N5.80 trillion and N4.36 trillion were received by the 36 states and local governments, respectively.
A comparison of allocation per geopolitical zones reveals that South-South states received the highest allocation during the period under review in the sum of N5.17 trillion (26.54%) while South-East received the lowest allocation of N2.12 trillion (10.91%).
A comparison of allocation per geopolitical zones reveals that South-South states received the highest allocation during the period under review in the sum of N5.17 trillion (26.54%) while South-East received the lowest allocation of N2.12 trillion (10.91%).
A state by state analysis of revenue allocations within the period under review shows that Delta State received the highest allocation of N1.24 trillion while Federal Capital Territory (FCT) received the lowest allocation of N110 billion.
On the nine selected states covered by the exercise, the report revealed that their combined revenues inflows within the three years period were N5.104 trillion.
Breakdown showed that statutory allocation accounted for N3.55 trillion, while internally generated revenue (IGR) and loans accounted for N1.33 trillion and N227 billion, respectively.
Further breakdown shows that Delta State recorded the highest revenue of N1.083 trillion while Nasarawa State recorded the lowest revenue of N214 billion.
The recurrent expenditure from the nine states was N2.89 trillion while capital expenditure and loan repayments were N2.059 trillion and N250 billion, respectively.
From the report, Delta State received the highest allocation from FAAC during the three years under review with a total of N712.6 billion.
Akwa Ibom State came second with over N677.76 billion while Nasarawa received the least inflow of N156.64 billion.
Bayelsa State was the most dependent on FAAC allocations, posting an average of 90% FAAC disbursement to the total revenue profile for the three years period.
Ondo State posted the least dependence on FAAC allocations.
Ondo State did not borrow in 2017 and 2018, but it borrowed over N17.8 billion in 2019.
Similarly, the report disclosed that Kano State stands out as the only state in the country that did not collect loan within the period under review, while Rives State collected the highest loan of N79.124 billion.
NEITI report noted that the nine selected states covered by the report were over reliant on revenues from the federation account by over 71%.
It also noted that 81% of allocations to the states were used for recurrent expenditure.
Analysis of IGR per states shows that Rivers State generated the highest of sum of N344.38 billion within the three years period, while Imo State recorded the lowest amount of IGR of N35.006 billion within the period.
The report noted that despite the low IGR by the states as highlighted in the 2017-2019 FASD report, the states showed remarkable improvement when compared to their performance during the 2012-2016 FASD audit exercise, a positive sign that the states are gradually paying attention to their IGR potential.
