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B.3.3 Summary of Federation Account Allocation Committee (FAAC) to All Tiers of Government
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Table B.1.1: Summary of Federal Government Finances (₦' Billion)
Item 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 4 2021 4
Total Federally Collected Revenue 13.3 11.4 10.5 11.3 15.1 12.6 25.4 27.6 53.9 98.1 101.0 190.5 192.8 201.9 460.0 523.6 582.8 463.6 949.2 1,906.2 2,231.6 1,731.8 2,575.1 3,920.5 5,547.5 5,965.1 5,727.5 7,866.6 4,844.6 7,303.7 11,116.8 10,654.7 9,759.8 10,068.9 6,912.5 5,616.4 7,444.8 9,551.7 10,262.3 9,276.1 10,755.4
Oil Revenue 8.6 7.8 7.3 8.3 10.9 8.1 19.0 19.8 39.1 71.9 82.7 164.1 162.1 160.2 324.5 408.8 416.8 324.3 724.4 1,591.7 1,707.6 1,230.9 2,074.3 3,354.8 4,762.4 5,287.6 4,462.9 6,530.6 3,191.9 5,396.1 8,879.0 8,026.0 6,809.2 6,793.8 3,830.1 2,693.9 4,109.7 5,545.8 5,536.7 4,732.5 4,358.3
Non- Oil Revenue 4.7 3.6 3.3 3.0 4.1 4.5 6.4 7.8 14.7 26.2 18.3 26.4 30.7 41.7 135.4 114.8 166.0 139.3 224.8 314.5 524.1 501.0 500.8 565.7 785.1 677.5 1,264.6 1,336.0 1,652.7 1,907.6 2,237.9 2,628.8 2,950.6 3,275.0 3,082.4 2,922.5 3,335.1 4,005.9 4,725.7 4,543.6 6,397.1
Federation Account 10.2 9.9 9.8 10.7 13.8 11.9 24.7 26.8 46.9 68.1 54.0 77.8 131.2 110.5 162.0 179.0 208.0 257.3 576.8 1,262.5 1,427.5 1,606.1 2,011.6 2,657.2 3,033.9 3,219.1 3,878.5 4,552.8 3,600.1 4,784.5 6,158.4 6,565.2 7,488.3 7,540.3 5,845.8 4,523.4 2,119.9 3,179.0 3,078.5 2,534.1 2,647.3
Fed Govt Retained Revenue 7.5 5.8 6.3 7.3 10.0 8.0 16.1 15.6 25.9 38.2 30.8 53.3 83.5 90.6 249.8 369.3 423.2 353.7 662.6 597.3 797.0 716.8 1,023.2 1,331.6 1,758.3 1,937.2 2,333.7 3,193.4 2,643.0 3,089.2 3,553.5 3,629.6 4,031.8 3,751.7 3,431.0 3,184.7 2,847.3 4,185.6 4,894.0 3,983.1 5,045.4
Total Expenditure 11.4 11.9 9.6 9.9 13.0 16.2 22.0 27.7 41.0 60.3 66.6 92.8 191.2 160.9 248.8 337.2 428.2 487.1 947.7 701.1 1,018.0 1,018.2 1,226.0 1,504.2 1,919.7 2,038.0 2,450.9 3,240.8 3,453.0 4,194.6 4,712.1 4,605.3 5,185.3 4,587.4 4,988.9 5,858.6 6,456.7 7,813.7 9,714.6 10,231.7 12,164.1
Recurrent Expenditure1 4.8 5.5 4.8 5.8 7.6 7.7 15.6 19.4 26.0 36.2 38.2 53.0 136.7 90.0 127.6 124.3 158.6 178.1 449.7 461.6 579.3 696.8 984.3 1,110.8 1,321.3 1,390.2 1,589.3 2,117.4 2,128.0 3,109.4 3,314.5 3,325.2 3,689.1 3,426.9 3,831.9 4,160.1 4,780.0 5,675.2 6,997.2 8,188.8 9,145.2
Capital Expenditure2 6.6 6.4 4.9 4.1 5.5 8.5 6.4 8.3 15.0 24.0 28.3 39.8 54.5 70.9 121.1 212.9 269.7 309.0 498.0 239.5 438.7 321.4 241.7 351.3 519.5 552.4 759.3 960.9 1,152.8 883.9 918.5 874.7 1,108.4 783.1 818.4 653.6 1,242.3 1,682.1 2,289.0 1,614.9 2,522.5
Transfers2 42.2 78.9 95.4 102.3 162.6 172.2 201.3 479.0 405.4 387.9 377.4 338.6 1,044.8 434.4 456.5 428.5 428.0 496.5
Current Surplus(+)/Deficit(-) 2.7 0.3 1.5 1.4 2.4 0.3 0.5 -3.8 -10.3 1.9 -7.4 0.2 -10.7 0.6 122.1 245.0 264.7 175.6 212.9 135.7 217.6 20.0 39.0 220.8 437.0 547.0 744.4 1,076.1 515.0 -20.2 239.0 304.5 342.8 324.8 -400.9 -975.4 -1,932.7 -1,489.5 -2,103.2 -4,205.7 -4,099.7
% of GDP 1.9 0.2 1.0 0.9 1.3 0.1 0.2 -1.2 -2.5 0.4 -1.3 0.0 -0.8 0.0 3.9 6.0 6.0 3.7 3.9 1.9 2.6 0.2 0.3 1.2 1.9 1.8 2.1 2.7 1.2 0.0 0.4 0.4 0.4 0.4 -0.4 -1.0 -1.7 -1.2 -1.4 -2.7 -2.4
Overall Surplus(+)/Deficit(-) -3.9 -6.1 -3.4 -2.7 -3.0 -8.3 -5.9 -12.2 -15.1 -22.1 -35.8 -39.5 -107.7 -70.3 1.0 32.0 -5.0 -133.4 -285.1 -103.8 -221.0 -301.4 -202.7 -172.6 -161.4 -100.8 -117.2 -47.4 -810.0 -1,105.4 -1,158.5 -975.8 -1,153.5 -835.7 -1,557.8 -2,673.8 -3,609.4 -3,628.1 -4,820.6 -6,248.6 -7,118.7
% of GDP -2.8 -4.1 -2.1 -1.6 -1.6 -4.2 -2.4 -3.9 -3.6 -4.5 -6.1 -4.4 -8.6 -4.0 0.0 0.8 -0.1 -2.8 -5.2 -1.5 -2.7 -2.6 -1.5 -1.0 -0.7 -0.3 -0.3 -0.1 -1.9 -2.0 -1.8 -1.3 -1.4 -0.9 -1.6 -2.6 -3.1 -2.8 -3.3 -4.0 -4.1
Nominal GDP 139.3 149.1 158.8 165.9 187.8 198.1 244.7 315.6 414.9 494.6 590.1 906.0 1,257.2 1,768.8 3,100.2 4,086.1 4,418.7 4,805.2 5,482.4 7,062.8 8,234.5 11,501.5 13,557.0 18,124.1 23,121.9 30,375.2 34,675.9 39,954.2 43,461.5 55,469.4 63,713.4 72,599.6 81,010.0 90,137.0 95,177.7 102,575.4 114,899.2 129,086.9 145,639.1 154,252.3 173,527.7
Financing: 3.9 6.1 3.4 2.7 2.9 8.3 5.9 12.2 15.1 22.1 35.8 39.5 107.7 70.3 -1.0 -32.0 5.0 133.4 285.1 103.8 221.0 301.4 202.7 172.6 161.4 100.8 117.2 47.4 810.0 1,105.4 1,158.5 975.7 1,153.5 835.7 1,557.8 2,673.8 3,609.4 3,628.1 4,820.6 6,248.6 7,118.7
Foreign (net) 0.5 0.3 -0.5 1.2 1.0 0.7 0.8 1.9 5.7 1.6 0.3 -16.5 17.0 8.4 22.5 7.8 13.4 16.6 21.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29.8 75.0 73.3 0.0 0.0 0.0 0.0 0.0 1,240.4 1,073.3 0.0 0.0 1,623.6
Domestic (net) 3.4 5.8 3.9 1.5 2.0 7.5 5.1 10.2 9.4 20.6 35.5 55.9 90.8 61.9 -23.5 -39.9 -8.4 116.8 264.1 103.8 221.0 301.4 202.7 172.6 161.4 100.8 117.2 47.4 780.2 1,030.4 1,085.2 975.7 1,153.5 835.7 1,557.8 2,673.8 2,369.0 2,554.8 4,820.6 6,248.6 5,495.1
Banking System (net) of which: 2.3 3.0 5.6 2.9 2.5 -0.5 4.7 7.8 6.6 23.7 31.1 46.6 89.4 40.9 17.8 -153.1 9.1 109.0 172.6 73.1 136.7 60.8 134.2 0.0 0.0 0.0 159.8 67.9 175.6 749.7 496.4 471.3 510.4 428.8 834.1 278.2 1,337.6 0.0 0.0 0.0 0.0
CBN 3.2 3.0 3.3 -0.6 0.8 6.2 1.5 9.2 10.7 18.2 32.8 47.6 12.8 174.9 172.6 -16.2 225.7 -200.2 94.0 0.0 0.0 0.0 0.0 -4.2 0.0 118.5 6.2 45.4 58.7 0.0 616.0 0.2 0.0 0.0 0.0 0.0 0.0
Deposit Money Banks -0.8 0.0 2.3 3.5 1.7 -6.7 3.3 -1.4 -4.1 5.5 -1.7 -1.0 -3.7 0.0 89.3 -89.0 261.0 40.2 0.0 0.0 0.0 159.8 72.1 175.6 631.3 490.2 426.0 451.7 428.8 218.1 278.0 1,337.6 0.0 0.0 0.0 0.0
Non Bank Public 1.2 0.4 1.8 0.6 -0.2 1.0 3.6 2.5 3.4 3.4 1.0 11.5 1.7 19.3 -10.7 10.0 2.2 -5.1 -18.6 30.3 -18.0 88.2 29.5 46.5 143.5 45.0 40.2 82.8 395.0 354.5 355.8 273.1 257.7 195.4 111.9 246.6 -517.2 668.8 912.8 2,057.5 2,895.5
Privatization Proceed 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12.3 0.0 7.0 6.4 3.0 7.5 0.0 0.0 72.6 5.9 372.4 0.0 0.0 0.0 0.0
Other Funds3 -0.1 2.4 -3.5 -2.0 -0.3 7.0 -3.3 0.0 -0.6 -6.5 3.4 -2.2 -0.4 1.6 -30.6 103.3 -19.8 12.9 110.0 0.3 102.3 152.4 39.0 126.1 17.9 55.8 -95.1 -103.3 202.6 -80.2 229.9 223.8 385.3 211.5 539.3 2,143.1 1,176.3 1,886.0 3,907.8 4,191.0 2,599.6
Sources: Federal Ministry of Finance, Office of the Accountant General of the Federation & Central Bank of Nigeria
Notes: 1Includes interest payments on debt service, other transfers and extra-budgetary items
2
Includes capital repayments on debt service, other transfers and net lending
3
Includes Public, Special and Trust Funds, Treasury Clearance Funds, excess reserves, FG's contribution to the External Creditors' Fund, etc.
Minus (-) denotes increase; Plus (+) denotes decrease
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Table B.1.2: Federal Government Recurrent Expenditure (₦' Billion)
Function 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
Administration 0.91 1.04 0.90 1.10 1.43 1.45 3.84 5.78 6.27 6.54 6.95 8.68 30.57 20.54 28.76 47.12 56.18 50.68
1. General Administration 0.91 1.04 0.90 1.10 1.43 1.45 3.84 5.78 6.27 6.54 6.95 8.68 30.57 11.93 16.90 26.30 30.92 23.93
4. National Assembly
Social and Community Services 0.29 0.33 0.29 0.35 0.46 0.47 0.30 2.11 4.23 3.40 2.68 1.34 14.66 10.09 13.82 17.69 22.06 21.44
5. Education 0.17 0.19 0.16 0.20 0.26 0.26 0.23 1.46 3.01 2.40 1.26 0.29 8.88 7.38 9.75 11.67 14.85 13.59
6. Health 0.08 0.10 0.08 0.10 0.13 0.13 0.04 0.42 0.58 0.50 0.62 0.15 3.87 2.09 3.32 3.18 3.89 4.74
7. Other Social and Community Services 0.04 0.05 0.04 0.05 0.07 0.07 0.03 0.23 0.64 0.49 0.80 0.89 1.91 0.61 0.75 2.84 3.32 3.11
Economic Services 0.18 0.20 0.17 0.21 0.27 0.28 0.69 1.22 1.42 1.61 1.30 3.08 7.75 3.91 5.92 5.84 6.20 11.57
8. Agriculture 0.01 0.01 0.01 0.02 0.02 0.02 0.05 0.08 0.15 0.26 0.21 0.46 1.80 1.18 1.51 1.82 2.06 2.89
9. Road & Construction 0.10 0.11 0.09 0.12 0.15 0.15 0.41 0.69 0.49 0.63 0.41 1.14 2.32 1.14 1.70 0.61 1.81 5.63
10. Transport & Communication 0.03 0.04 0.03 0.04 0.05 0.05 0.18 0.23 0.30 0.29 0.24 0.55 2.03 0.45 1.08 1.20 1.58 1.92
11. Other Economic Services 0.03 0.04 0.03 0.04 0.05 0.05 0.06 0.22 0.48 0.43 0.45 0.93 1.60 1.14 1.63 2.22 0.75 1.13
Transfers 3.46 3.93 3.39 4.16 5.41 5.50 10.81 10.30 14.07 24.67 27.31 39.93 83.75 55.44 79.13 53.64 74.12 94.40
12. Public Debt Servicing 1.03 1.17 1.01 1.24 1.61 1.63 3.93 9.24 13.27 23.82 26.41 19.40 81.08 49.40 51.06 42.96 68.54 64.39
Domestic 23.15
Foreign 19.82
13. Pensions and Gratuities 0.21 0.24 0.21 0.25 0.33 0.33 0.09 0.96 0.70 0.74 0.79 19.05 2.65 1.73 2.00 4.67 0.00 0.00
14. FCT/Other/Other CFR Charges 2.21 2.52 2.17 2.66 3.46 3.52 5.70 0.00 0.00 0.00 0.00 0.00 0.00 4.06 4.09 3.92 5.27 29.76
15. Contingencies/Subventions (Others) 0.01 0.01 0.01 0.01 0.01 0.01 1.09 0.10 0.10 0.10 0.10 1.49 0.01 0.26 21.99 2.09 0.31 0.24
TOTAL* 4.85 5.51 4.75 5.83 7.58 7.70 15.65 19.41 25.99 36.22 38.24 53.03 136.73 89.97 127.63 124.29 158.56 178.10
Sources: Federal Republic of Nigeria Official Gazettes, various states' official Gazettes, Federal Ministry of Finance, Office of the Accountant General of the Federation and Central Bank of Nigeria.
Note: *Excludes interest payments on debt service, other transfers and extra- budgetary items between 1981 - 2008.
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1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
183.64 144.53 180.80 266.51 307.97 306.80 434.70 522.30 626.36 731.02 714.42 1,117.44 1,262.40 1,159.40 1,111.80 992.84 1,228.99 1,277.00 1,324.30
85.79 67.46 75.08 117.94 166.12 101.30 248.70 284.60 310.11 369.53 437.93 694.54 699.20 500.10 546.80 445.17 488.20 479.18 564.42
53.16 43.40 47.07 69.13 51.06 76.30 71.70 84.20 72.10 95.85 54.84 198.71 283.20 296.80 272.30 274.53 330.59 380.17 361.92
38.66 25.15 38.85 63.24 68.38 97.80 82.00 118.00 181.29 196.90 221.65 224.20 280.00 362.50 292.70 273.14 410.20 417.66 397.95
6.02 8.52 19.80 16.20 22.40 31.40 32.30 35.50 62.87 68.74
71.37 84.79 79.63 152.19 102.61 134.40 151.70 194.20 256.67 332.93 354.19 550.90 785.44 790.06 844.10 774.77 807.59 775.55 931.68
43.61 57.96 39.88 80.53 64.78 76.50 82.80 119.02 150.78 163.98 137.12 170.80 335.80 348.40 390.40 343.75 325.19 339.28 403.96
16.64 15.22 24.52 40.62 33.27 34.20 55.70 62.25 81.91 98.22 90.20 99.10 231.80 197.90 180.00 195.98 257.70 200.82 245.19
11.12 11.61 15.23 31.03 4.56 23.70 13.20 12.90 23.99 70.73 126.87 281.00 217.84 243.76 273.70 235.03 224.70 235.45 282.53
87.08 28.59 53.01 52.95 96.07 58.90 64.20 79.70 179.07 313.75 423.61 562.75 310.50 230.10 291.20 266.40 275.36 255.78 334.89
59.32 6.34 7.06 9.99 7.54 11.30 16.30 17.92 32.48 65.40 22.44 28.22 41.20 33.30 39.43 36.70 41.27 36.30 50.26
16.64 4.99 7.20 7.45 16.95 14.90 17.90 20.06 71.36 94.46 80.63 57.09 195.90 83.30 92.19 116.30 114.60 97.92 126.19
11.12 3.03 33.93 29.39 22.68 8.10 8.00 9.77 32.16 67.39 90.03 42.41 13.10 23.20 18.51 18.30 24.39 20.57 29.97
0.00 14.23 4.81 6.12 48.90 24.60 22.00 31.94 43.06 86.50 230.52 435.04 60.30 90.30 141.10 95.10 95.10 100.99 128.47
107.58 203.69 265.86 225.15 477.65 610.70 670.70 594.00 527.17 739.66 635.75 878.34 956.18 1,145.60 1,441.90 1,392.93 1,520.01 1,851.77 2,189.12
30.84 131.05 155.42 163.81 363.51 382.50 394.00 249.30 213.73 381.20 251.79 415.66 527.18 679.30 828.10 941.70 1,060.38 1,426.00 1,823.89
200.30 130.90 214.54 375.80 485.42 632.90 772.40 880.40 996.80 1,348.65 1,642.50
193.70 118.40 37.25 39.86 41.77 46.40 55.70 61.30 63.59 77.35 181.40
0.00 17.04 30.04 57.08 34.16 72.20 84.10 101.20 106.14 137.90 195.71 183.48 131.52 147.10 139.70 182.81 208.11 184.76 191.46
76.73 55.61 75.59 0.00 79.97 156.00 95.10 143.60 207.30 220.56 163.71 147.50 260.07 245.60 474.10 268.42 221.53 241.02 173.76
0.00 0.00 4.81 4.26 0.00 0.00 97.50 99.90 0.00 0.00 24.54 131.70 37.40 73.60 0.00 0.00 29.99 0.00 0.00
449.66 461.60 579.30 696.80 984.30 1,110.80 1,321.30 1,390.20 1,589.27 2,117.36 2,127.97 3,109.44 3,314.51 3,325.16 3,689.10 3,426.94 3,831.95 4,160.11 4,779.99
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Table B.1.3: Federal Government Capital Expenditure (₦' Billion)
Admin- % of Economic % of Social Community % of Transfers % of Total % of
Year istration Total Services Total Services Total Total GDP
1981 0.72 10.97 3.63 55.27 1.30 19.78 0.92 13.99 6.57 4.71
1982 0.39 6.01 2.54 39.62 0.97 15.09 2.52 39.29 6.42 4.31
1983 1.10 22.48 2.29 46.89 1.03 21.01 0.47 9.63 4.89 3.08
1984 0.26 6.41 0.66 16.01 0.24 5.79 2.94 71.79 4.10 2.47
1985 0.46 8.41 0.89 16.34 1.15 21.12 2.96 54.14 5.46 2.91
1986 0.26 3.11 1.10 12.90 0.66 7.69 6.51 76.31 8.53 4.30
1987 1.82 28.50 2.16 33.89 0.62 9.72 1.78 27.89 6.37 2.60
1988 1.90 22.76 2.13 25.52 1.73 20.70 2.59 31.02 8.34 2.64
1989 2.62 17.41 3.93 26.12 1.84 12.27 6.65 44.20 15.03 3.62
1990 2.92 12.14 3.49 14.49 2.10 8.72 15.55 64.65 24.05 4.86
1991 3.35 11.80 3.15 11.10 1.49 5.26 20.36 71.84 28.34 4.80
1992 5.12 12.87 2.34 5.88 2.13 5.36 30.18 75.89 39.76 4.39
1993 8.08 14.83 18.34 33.66 3.58 6.56 24.50 44.95 54.50 4.34
1994 8.79 12.39 27.10 38.22 4.99 7.04 30.04 42.35 70.92 4.01
1995 13.34 11.01 43.15 35.62 9.22 7.61 55.44 45.76 121.14 3.91
1996 14.86 6.98 117.83 55.34 8.66 4.07 71.58 33.62 212.93 5.21
1997 49.55 18.38 169.61 62.90 6.90 2.56 43.59 16.16 269.65 6.10
1998 35.27 11.41 200.86 65.00 23.37 7.56 49.52 16.02 309.02 6.43
1999 42.74 8.58 323.58 64.97 17.25 3.46 114.46 22.98 498.03 9.08
2000 53.28 22.25 111.51 46.57 27.97 11.68 46.70 19.50 239.45 3.39
2001 49.25 11.23 259.76 59.21 53.34 12.16 76.35 17.40 438.70 5.33
2002 73.58 22.89 215.33 67.00 32.47 10.10 0.00 0.00 321.38 2.79
2003 87.96 36.39 97.98 40.54 55.74 23.06 0.01 0.00 241.69 1.78
2004 137.77 39.22 167.72 47.75 30.03 8.56 15.73 4.48 351.25 1.94
2005 171.57 33.03 265.03 51.02 71.36 13.74 11.50 2.21 519.47 2.25
2006 185.22 33.53 262.21 47.47 78.68 14.24 26.27 4.76 552.39 1.82
2007 226.97 29.89 358.38 47.20 150.90 19.87 23.04 3.03 759.28 2.19
2008 287.10 29.88 504.29 52.48 152.17 15.84 17.33 1.80 960.89 2.40
2009 291.66 25.30 506.01 43.89 144.93 12.57 210.20 18.23 1,152.80 2.65
2010 260.20 29.44 412.20 46.64 151.77 17.17 59.70 6.75 883.87 1.59
2011 231.80 25.24 386.40 42.07 92.85 10.11 207.50 22.59 918.55 1.44
2012 190.50 21.78 320.90 36.69 97.40 11.14 265.90 30.40 874.70 1.20
2013 283.65 25.59 505.77 45.63 154.71 13.96 164.27 14.82 1,108.39 1.37
2014 229.63 29.32 393.45 50.24 111.29 14.21 48.75 6.23 783.12 0.87
2015 226.81 27.71 348.75 42.62 82.98 10.14 159.82 19.53 818.35 0.86
2016 147.72 22.60 278.95 42.68 68.80 10.53 158.14 24.19 653.61 0.64
2017 328.94 26.48 542.19 43.64 167.66 13.50 203.51 16.38 1,242.30 1.08
2018 446.25 26.53 753.49 44.79 203.42 12.09 278.94 16.58 1,682.10 1.30
2019 591.26 25.83 994.19 43.43 264.69 11.56 438.86 19.17 2,289.00 1.57
2020 1
417.14 25.83 701.40 43.43 186.74 11.56 309.61 19.17 1,614.89 1.05
2021 1
635.73 25.20 1,102.46 43.71 303.66 12.04 480.61 19.05 2,522.47 1.45
Sources: Federal Ministry of Finance, Office of the Accountant-General of the Federation
Note: 1 Provisional
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Table B.1.4: Federal Government's Domestic Debt Outstanding (₦' Billion)
Year Treasury FGN Bonds Treasury Promissory FGN Sukuk Treasury Development FGN FGN Savings Bond Total
Bills Certificates Note Bonds Stocks Green Bond
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Table B1.5: Holdings of Federal Government's Domestic Debt Outstanding (₦' Billion)
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Table B.1.6: Nigeria's Public External Debt Outstanding (₦' Billion)
Years Multilateral Paris Club London Promissory Euro Bond Diaspora Others Total
Notes Bilateral Bond
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Table B.2.1: Summary of State Governments' and Federal Capital Territory Finances (₦' Billion)
1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
Total Revenue 4.87 4.56 4.33 4.40 4.84 4.70 8.15 10.36 11.50 19.97 24.77 32.67 37.74 49.51 69.64 89.53 96.96 143.20 168.99 359.07 573.55
(i) Federation Account1 3.83 3.25 2.96 2.72 3.26 2.84 6.20 8.18 9.90 16.38 19.74 24.50 27.66 29.01 38.67 41.49 50.90 66.07 103.66 251.57 404.09
(ii) Value Added Tax - - - - - - - - - - - - - 5.03 6.26 11.29 13.91 16.21 23.75 30.64 44.91
(iii) Internal Revenue 0.14 0.07 0.04 0.06 1.58 1.86 1.95 2.18 1.60 2.76 3.18 5.24 5.73 10.93 16.99 19.47 27.37 29.21 34.11 37.79 59.42
(iv) Grants 0.91 1.24 1.33 1.62 - - - - - 0.67 1.38 0.96 1.62 3.48 7.28 16.65 4.34 31.48 6.55 33.29 58.06
(v) Stabilization Funds Receipts - - - - - - - - - 0.16 0.47 1.97 2.73 1.07 0.44 0.63 0.45 0.24 0.92 5.78 7.06
(vi) Share of Excess Oil Revenue 0.00 0.00 0.00
(vii) Exchange Gain/NNPC Refund/SURE_P 0.00 0.00 0.00
(viii) Budget Augmentation 0.00 0.00 0.00
(ix) Others* 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Recurrent Expenditure 4.61 4.73 5.26 4.59 4.82 4.60 5.72 7.19 8.14 13.39 15.87 20.78 29.80 37.77 53.15 54.83 58.96 75.12 102.69 196.78 294.71
Current Surplus (+)/Deficit (-) 0.26 -0.17 -0.93 -0.19 0.02 0.10 2.43 3.17 3.36 6.58 8.90 11.89 7.94 11.73 16.49 34.70 38.01 68.08 66.30 162.29 278.84
Capital Expenditure 6.38 5.95 5.83 2.47 1.03 1.17 2.54 3.59 4.83 6.66 11.15 16.28 14.38 18.14 24.74 29.16 33.73 63.65 60.43 158.90 235.24
Extra-budgetary Expenditure4 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.40 4.78 3.99 67.01
Total Expenditure 10.99 10.68 11.09 7.06 5.86 5.77 8.26 10.78 12.97 20.05 27.02 37.06 44.18 55.92 77.90 83.99 92.69 143.17 167.90 359.67 596.96
Overall Surplus (+)/Deficit (-) -6.12 -6.12 -6.76 -2.66 -1.01 -1.07 -0.11 -0.42 -1.47 -0.08 -2.25 -4.39 -6.44 -6.41 -8.25 5.54 4.28 0.03 1.09 -0.60 -23.41
Financing 6.12 6.12 6.76 2.66 1.01 1.07 0.11 0.42 1.47 0.08 2.25 4.39 6.44 6.41 8.25 -5.54 -4.28 -0.03 -1.09 0.60 23.41
(a) Internal Loans2 0.56 0.55 -0.74 0.45 0.49 1.34 3.74 0.97 2.06 0.16 0.35 0.99 0.22 0.98 2.72 0.13 0.18 4.15 4.48 3.83 19.23
(b) External Loans 1.17 1.33 1.65 1.32 0.00 0.00 0.00 0.00 0.00 0.80 0.10 1.68 2.21 3.96 1.64 2.60 0.19 0.25 0.30 0.16 1.41
(c) Opening Cash Balance - - - - - - - - - - - - - - - - - - - - 4.94
(d) Other Funds3 4.39 4.24 5.85 0.90 0.52 -0.27 -3.63 -0.56 -0.59 -0.87 1.80 1.72 4.01 1.47 3.89 -8.27 -4.65 -4.43 -5.87 -3.39 -2.17
Sources: Central Bank of Nigeria, Offices of the Accountant General of the States and Federal Capital Territory (FCT).
Classified as Confidential
#
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 20205 2021 5
669.82 855.00 1,113.94 1,419.64 1,543.77 2,065.41 2,934.84 2,590.67 3,162.54 3,410.10 3,572.52 3,905.38 3,672.03 2,859.02 2,467.70 2,992.50 3,753.36 3,636.51 3,656.66 3,761.63
388.29 535.18 777.21 920.99 1,016.08 1,109.34 1,709.19 973.79 1,353.74 1,786.30 1,857.03 2,104.60 2,122.92 1,482.60 1,016.94 1,462.28 2,273.58 2,144.90 1,929.24 1,842.33
52.63 65.89 96.20 87.45 110.57 144.37 198.07 229.32 275.57 318.00 347.69 389.53 388.85 381.27 397.06 473.77 533.74 564.45 699.37 969.41
89.61 118.75 134.20 122.74 125.23 305.71 441.15 461.22 757.90 509.30 548.12 657.02 801.29 755.75 746.32 765.02 755.70 773.83 764.85 764.80
129.71 134.18 104.34 137.45 125.32 209.38 179.01 188.05 224.20 88.70 95.67 35.03 43.82 18.12 34.50 70.44 71.80 78.10 73.45 74.45
9.57 1.00 2.00 10.78 11.89 37.69 53.37 29.73 51.00 11.20 1.25 27.58 0.00 0.00 0.06 3.06 1.00 1.04 6.13 2.72
0.00 0.00 0.00 0.00 0.00 258.91 354.06 376.85 322.40 167.00 143.90 172.29 28.22 5.80 127.99 105.45 27.19 28.30 79.97 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 58.90 14.80 18.90 190.49 215.13 211.59 192.95 140.51 112.17 86.19 39.01 82.05 30.35
0.00 0.00 0.00 0.00 0.00 0.00 0.00 272.81 162.92 510.70 207.99 290.00 0.00 0.00
0.00 0.00 0.00 140.24 154.69 0.00 0.00 0.00 0.00 0.00 180.37 14.21 75.34 22.53 4.34 0.26 4.15 6.87 21.60 77.58
424.20 545.31 556.81 789.13 894.32 1,217.43 1,505.63 1,426.06 1,648.40 2,055.70 1,664.40 1,948.43 2,120.48 2,267.34 2,007.74 2,662.99 3,252.24 3,283.10 3,607.26 4,011.94
245.62 309.69 557.13 630.51 649.45 847.97 1,429.21 1,164.62 1,514.14 1,354.40 1,908.20 1,956.95 1,551.55 591.68 459.96 329.51 501.12 353.40 49.40 -250.31
283.47 324.02 412.93 514.72 583.98 854.79 1,455.70 1,284.16 1,522.40 1,375.20 1,965.30 1,890.41 1,862.52 1,201.82 1,201.50 1,039.93 1,207.36 1,220.17 1,155.82 1,194.45
16.87 51.83 155.32 174.73 108.50 43.91 60.27 66.70 95.43 111.00 215.40 207.97 0.00
724.54 921.16 1,125.06 1,478.59 1,586.80 2,116.14 3,021.60 2,776.91 3,266.23 3,541.90 3,845.10 4,046.80 3,983.00 3,469.16 3,209.24 3,702.92 4,459.60 4,503.28 4,763.08 5,206.40
-54.72 -66.16 -11.11 -58.95 -43.03 -50.73 -86.77 -186.24 -103.70 -131.80 -272.50 -141.42 -310.97 -610.14 -741.54 -710.42 -706.22 -866.77 -1,106.42 -1,444.76
54.72 66.16 11.11 58.95 43.03 50.73 86.77 186.24 103.70 131.90 272.40 141.42 310.97 610.14 741.45 710.42 706.22 866.77 1,106.40 1,444.76
32.45 71.03 4.40 22.56 26.95 25.74 60.20 162.27 88.10 170.40 223.40 412.37 261.94 494.35 365.86 433.55 482.45 536.87 620.73 698.97
15.88 14.68 0.00 0.00 0.00 5.90 38.26 7.98 7.60 41.30 10.40 31.48 24.35 35.78 53.70 68.74 88.08 112.87 -2.13 213.03
5.09 13.01 0.00 33.26 14.26 0.00 0.00 163.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
1.30 -32.55 6.72 3.14 1.81 19.14 -11.69 15.99 8.00 -79.80 38.60 -302.43 24.68 80.01 321.89 208.14 135.69 217.03 487.80 532.76
Classified as Confidential
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Table B.2.2: Domestic Debt of State Governments (₦' Billion)
State 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Abia 24.20 8.66 31.74 25.13 33.53 53.53 60.65 67.02 68.76 89.14
Adamawa 25.95 24.28 15.98 26.44 47.20 62.16 69.61 89.66 102.41 98.90
Akwa-Ibom 41.25 108.89 125.04 81.76 147.58 155.43 187.28 198.66 237.34 230.81
Anambra 6.40 14.30 3.03 2.88 3.58 3.99 2.61 33.49 33.92 59.98
Bauchi 18.35 18.81 16.83 28.00 57.65 69.99 74.02 92.37 101.42 102.82
Bayelsa 162.82 222.40 69.51 91.68 103.37 140.18 129.47 130.04 147.93 144.13
Benue 16.63 24.40 24.99 17.77 39.94 63.53 74.94 97.35 98.73 126.13
Borno 1.68 24.42 23.94 22.30 22.34 30.93 54.04 68.38 83.60 89.05
Cross-River 90.75 90.87 116.06 107.34 115.52 128.14 125.65 167.96 166.95 163.16
Delta 90.84 83.68 102.10 211.95 320.61 241.23 228.33 228.81 233.89 248.45
Ebonyi 40.24 28.90 13.24 6.95 34.17 28.06 34.61 55.60 46.74 44.21
Edo 39.04 62.27 48.19 40.05 46.29 45.09 68.51 86.82 95.69 80.79
Ekiti 23.67 39.59 22.38 30.46 52.56 85.05 117.50 118.01 86.91 84.72
Enugu 10.89 17.35 12.06 22.63 37.55 48.42 59.75 55.03 61.03 68.09
Gombe 7.17 30.24 27.99 29.59 53.45 48.31 41.94 63.34 84.01 84.97
Imo 25.42 16.70 12.63 28.95 71.74 93.27 80.79 98.78 164.44 150.20
Jigawa 1.59 2.08 1.61 1.57 22.19 19.01 33.27 35.16 34.61 30.97
Kaduna 34.77 22.86 9.83 16.68 49.85 63.28 83.83 84.64 78.90 68.75
Kano 5.87 5.87 32.21 31.42 65.01 93.72 92.26 117.08 107.75 116.93
Katsina 2.06 0.92 0.27 0.59 11.50 21.45 31.12 30.85 66.16 48.03
Kebbi 7.29 2.72 0.85 17.27 63.79 20.65 48.73 67.44 69.27 56.81
Kogi 34.12 14.98 7.11 10.30 42.03 71.38 102.36 84.92 132.46 68.09
Kwara 25.25 29.78 22.42 22.15 31.97 38.14 40.26 59.14 63.05 63.63
Lagos 157.54 230.43 278.87 268.07 218.54 311.76 363.29 530.24 444.23 508.78
Nassarawa 5.34 7.10 28.85 34.53 40.56 59.03 71.36 85.36 56.51 59.39
Niger 16.98 17.80 24.73 23.45 21.50 31.98 40.03 41.83 60.61 66.78
Ogun 30.14 45.73 58.38 70.19 75.92 75.92 106.53 98.72 142.29 153.49
Ondo 48.37 36.52 30.88 19.27 26.65 53.16 58.55 49.12 67.50 74.66
Osun 5.46 38.60 41.40 37.82 144.70 147.07 138.24 148.10 138.65 134.11
Oyo 4.81 11.73 19.11 12.91 47.44 115.89 129.21 91.52 91.57 94.50
Plateau 20.91 24.12 52.42 78.42 96.20 110.34 122.35 100.37 134.01 137.78
Rivers 83.98 81.46 129.55 91.76 134.97 142.42 191.16 225.59 266.94 266.94
Sokoto 4.90 3.00 5.74 7.65 11.66 22.45 26.03 38.60 47.71 42.36
Taraba 17.97 16.70 13.88 14.40 27.65 38.87 60.85 61.51 82.32 106.05
Yobe 2.09 3.99 1.12 1.64 3.87 13.58 26.47 27.77 28.98 54.87
Zamfara 12.97 15.51 28.22 11.07 46.28 58.32 69.92 59.90 70.84 98.02
FCT 85.56 123.99 84.32 110.14 133.90 152.80 103.27 164.25 108.17 69.53
TOTAL 1,233.29 1,551.65 1,537.47 1,655.18 2,503.26 2,958.52 3,348.77 3,853.44 4,106.31 4,186.01
Source: Debt Management Office (DMO)
# Classified as Confidential
2021
95.21
99.55
214.61
55.72
97.51
154.61
128.35
95.63
159.82
154.61
42.16
78.90
106.39
69.17
69.13
205.19
31.36
61.71
111.90
66.68
52.33
70.66
93.37
658.96
54.10
83.40
232.62
63.81
134.70
142.56
150.50
225.51
71.29
93.18
82.46
99.94
50.65
4,458.24
# Classified as Confidential
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Table B.3.1: Summary of Local Governments' Finances (₦' Billion)
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1 20202 2021 2
CURRENT REVENUE 19.87 19.22 24.41 23.79 32.80 44.95 60.80 151.88 171.52 172.15 370.17 468.30 597.22 674.26 832.27 1,378.97 1,069.36 1,359.20 1,636.15 1,648.25 1,810.05 1,614.80 1,245.64 1,083.55 1,337.98 1,724.72 1,722.26 1,636.26 1,837.32
(i) Federation Account3 18.32 17.32 17.88 17.59 22.30 30.60 43.87 118.59 128.50 128.90 291.41 375.66 493.00 550.80 568.30 722.26 529.31 716.00 940.03 977.40 1,106.97 1,125.08 822.87 595.96 828.95 1,243.14 1,221.74 999.00 1,035.22
(ii) State Allocation 0.25 0.47 0.63 0.69 0.70 0.75 0.42 1.92 1.60 1.67 2.12 3.63 3.24 3.43 3.00 6.82 19.74 12.70 35.21 8.74 12.79 4.13 6.88 9.76 12.87 16.05 18.35 20.19 21.93
(iii) Value Added Tax 0.00 0.00 3.56 3.31 6.83 10.17 9.56 13.91 20.10 18.73 39.65 45.99 55.79 75.92 105.10 135.92 157.38 189.10 218.23 238.55 267.32 266.86 261.65 272.49 325.13 366.29 395.11 479.96 665.28
(iv) Internally Generated Revenue 1.04 1.21 2.11 2.21 2.73 3.33 4.68 7.15 6.02 10.42 20.18 22.41 24.04 23.23 21.30 23.11 26.06 26.20 31.60 26.62 29.29 36.49 24.03 36.39 38.21 32.50 32.60 29.34 26.40
(v) Excess Crude 127.06 486.15 145.00 158.90 80.60 69.45 83.19 13.63 2.80 64.06 42.55 13.13 13.99 47.22 0.00
(vi) Budget Augumentation & SURE-P 131.73 121.60 90.00 151.41 216.48 76.50 0.00
(vii) Exchange Gain & Non Oil Excess revenue 28.44 7.10 11.50 44.53 0.00 1.10 44.21 78.50 66.56 41.62 19.43 34.83 18.64
(vii) Grants & Others4 0.27 0.23 0.24 0.00 0.23 0.09 2.27 10.30 15.30 12.43 16.82 20.62 21.14 20.88 7.51 4.71 31.70 127.60 228.98 131.55 94.01 91.02 83.21 26.37 14.09 5.60 9.84 9.35 8.88
RECURRENT EXPENDITURE 13.97 14.88 16.32 16.62 22.66 27.95 41.61 93.90 122.71 124.70 211.63 295.65 374.51 398.18 683.60 819.40 704.60 823.70 1,279.77 1,345.42 1,413.97 1,432.60 1,150.43 994.05 1,194.53 1,405.20 1,405.84 1,347.57 1,523.91
Current Surplus(+)/Deficit(-) 5.91 4.34 8.10 7.17 10.14 17.00 19.19 57.98 48.81 47.45 158.54 172.64 222.70 276.07 148.67 559.57 364.80 535.50 356.38 302.83 396.08 182.20 95.21 89.50 143.45 319.52 316.42 288.69 313.42
CAPITAL EXPENDITURE 5.51 4.08 6.13 6.05 8.62 18.54 18.83 59.96 48.66 45.12 150.08 165.40 213.46 267.66 143.80 562.57 363.00 533.00 352.15 299.39 392.95 181.23 95.90 90.80 144.07 319.77 316.69 289.18 314.02
TOTAL EXPENDITURE 19.48 18.97 22.44 22.67 31.28 46.49 60.44 153.86 171.37 169.82 361.71 461.05 587.98 665.84 827.40 1,381.97 1,067.61 1,356.67 1,631.92 1,644.80 1,806.91 1,613.83 1,246.32 1,084.85 1,338.59 1,724.97 1,722.53 1,636.75 1,837.92
Overall Surplus(+)/Deficit(-) 0.40 0.26 1.97 1.12 1.52 -1.54 0.36 -1.99 0.15 2.33 8.46 7.24 9.24 8.42 4.90 -3.00 1.75 2.50 4.23 3.44 3.14 0.93 -0.68 -1.30 -0.62 -0.25 -0.27 -0.49 -0.60
FINANCING -0.40 -0.26 -1.97 -1.12 -1.52 1.54 -0.36 1.99 -0.15 -2.33 -8.46 -7.24 -9.24 -8.42 -4.90 3.00 -1.75 2.50 -4.23 -3.44 -3.14 -0.95 0.69 1.30 0.62 0.25 0.27 0.49 0.60
(a) Loans 0.04 0.07 0.05 -0.01 0.26 3.73 2.80 2.95 6.08 3.20 6.73 4.26 9.17 3.35 5.58 2.90 2.03 4.86 5.68 5.89 7.20
(b) Opening Cash Balance 0.52 2.50 3.36 3.76 4.93 6.81 8.71 8.80 -20.56 37.30 6.17 38.45 30.40 -36.17 25.11 -32.75 0.90 -0.46 1.86 1.86 -1.15 -1.85 -2.10 -2.90
(c) Other Funds5 -0.44 -0.33 -2.02 -1.11 -1.52 1.02 -3.12 -5.10 -3.90 -7.26 -15.26 -15.96 -18.04 12.14 -45.00 -6.12 -46.28 -31.10 25.20 -32.81 20.44 -5.19 -4.43 -3.47 -3.27 -3.46 -3.56 -3.30 -3.70
Source: Central Bank of Nigeria
Notes: Local Government Survey commenced in 1993
1
Revised
2
Provisional
3
Gross statutory allocation.
4
Include stabilization fund, ecology, NNPC refund and additional fund.
5
Positive (+) sign connotes decrease while negative (-) sign connotes increase in 'Other Funds'.
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Table B3.2 Local Governments' Total Outstanding Debts (₦' Million)
State No of LGs 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1
Abia 17 152.13 55.76 2,718.43 223.77 524.98 146.71 480.92 414.94 - 300.00
Adamawa 21 1,571.62 64.41 1,567.95 393.32 885.38 4,093.28 68.44 500.34 259.42 152.15 6,006.64 7,162.26 49.07 7,377.87
Akwa Ibom 31 24.20 12.40 303.44 106.92 46.26 45.80 69.76 124.86 250.52 195.74 0.00
Anambra 21 1,441.29 21.69 410.70 77.27 207.79 2,346.33 40.84 38.10 161.15 641.99 - 0.00
Bauchi 20 1,348.31 78.16 1,567.67 260.38 796.94 764.48 1,978.65 0.00 - 0.00
Bayelsa 8 149.91 3.30 103.21 6.00 58.51 718.39 679.73 1,982.34 4,665.04 25,666.37 7,990.58 3,469.77
Benue 23 1,044.82 28.81 1,113.32 405.94 2,551.44 7,239.91 25.50 1,567.38 1,639.12 611.75 21,529.60 15,068.42 9,437.18 1,787.22
Borno 27 833.94 3.99 9,053.56 66.42 8,756.02 74.11 511.22 114.17 - 0.00
Cross River 18 638.30 35.05 608.34 301.98 281.49 2,128.96 354.19 153.59 2,920.22 1,129.80 0.52 511.74
Delta 25 1,557.72 80.84 2,987.53 615.78 3,865.65 1,809.59 74.86 516.52 742.74 1,143.41 5,251.77 2,021.62 34.32 101.86
Ebonyi 13 22.64 9.74 707.94 30.79 228.88 246.24 0.00 - 0.00
Edo 18 292.41 50.45 1,352.24 1,093.40 1,186.58 3,417.66 20.98 115.36 1,331.25 1,215.07 2,271.51 163.22 1,161.38
Ekiti 16 492.95 1,665.62 16,580.50 279.90 1,450.16 768.81 161.19 393.54 1,651.56 687.87 6,382.49 7,518.01 3,712.16 8,844.92
Enugu 17 598.46 25.00 1,240.21 777.13 752.62 532.18 293.20 16,319.27 606.45 134.42 18,155.42 0.00 21.84 152.98
Gombe 11 90.28 15.90 1,100.21 0.00 317.81 820.17 910.57 613.51 272.01 - 194.74
Imo 27 281.33 30.42 1,111.14 198.27 789.97 2,899.19 4.20 3,438.60 300.00 305.30 803.78 224.43 0.00
Jigawa 27 437.00 4.98 458.04 75.60 163.32 183.94 15.07 23.02 798.42 11.65 11.44
Kaduna 23 245.54 43.89 880.84 385.53 724.89 1,999.83 151.01 1,193.92 954.71 350.29 688.55 3,590.99 100.58 0.00
Kano 44 2,380.80 95.76 1,920.57 924.26 1,403.33 554.28 47.19 45.86 315.21 628.92 593.07 153.20 992.16
Katsina 34 27.61 10.45 163.06 74.97 1,283.71 695.94 36.88 503.77 6.00 6.33 6.62 0.00 - 0.00
Kebbi 21 235.25 30.04 3,483.13 38.25 4,575.27 2,616.04 229.89 4,077.04 808.69 1,401.17 5,564.60 6,813.36 2,090.44 1,790.32
Kogi 21 819.03 19.27 2,210.40 925.11 3,356.37 2,823.78 3,393.67 464.35 1,537.97 522.61 5,001.67 6,082.32 473.97 0.00
Kwara 16 1,193.57 16.40 839.45 156.02 300.01 3,247.83 374.29 650.25 7,676.25 3,080.75 1,037.98 760.05
Lagos 20 257.10 16.57 1,380.33 1,352.22 3,905.77 3,106.29 189.59 51.50 1,298.98 90,636.21 4,549.50 572.05 1,907.21
Nassarawa 13 819.59 9.73 942.55 218.22 1,249.25 916.41 0.25 1,333.28 98.84 568.67 3,948.44 38,571.21 307.03 684.16
Niger 25 377.58 7.20 304.45 9.32 881.94 111.55 496.63 519.68 141.17 60.00
Ogun 20 0.00 15.18 496.79 117.61 1,405.56 1,062.80 8.22 967.44 5.15 12.95 1,399.40 137.69 137.69
Ondo 18 427.20 23.14 460.65 167.65 265.16 110.41 22.24 67.73 160.12 5,069.76 4,450.61 422.65 1,209.60
Osun 30 75.71 0.98 405.60 173.82 281.41 109.29 5,873.69 3,482.45 406.15 305.31
Oyo 33 557.66 198.75 217.65 15.72 52.06 115.17 23.66 7,443.49 85.67 5,152.57 7,702.76 12,553.25 110.30 190.45
Plateau 17 1,026.39 24.40 2,549.26 1,476.65 2,848.48 2,584.84 301.55 480.61 636.89 4,443.85 4,640.74 1,293.50 197.84
Rivers 23 1,303.88 4.78 542.88 34.61 481.45 1,801.81 7.30 66.08 30.11 0.00 - 25.57
Sokoto 23 277.93 33.52 886.91 280.02 1,417.92 577.95 507.16 7.60 568.79 0.00 - 8.15
Taraba 16 3,196.45 59.34 1,330.58 183.96 1,620.25 2,387.13 824.91 1,099.94 1,609.68 9,442.93 20,506.74 2,596.57 1,116.35
Yobe 17 42.80 56.27 71.75 5.51 1,095.26 16.00 189.35 279.79 25.38 365.49 0.03 0.00
Zamfara 14 581.73 14.60 232.17 104.36 1,011.82 878.18 5.61 10.22 3.02 0.00 - 0.00
Fct 6 540.64 39.35 1,442.47 1,256.57 1,426.31 2,804.24 1,497.83 2,106.80 3,886.80 1,641.10 0.00
Total 774 25,363.78 2,906.13 63,745.92 12,813.21 52,450.03 56,755.51 8,290.36 39,685.57 12,027.66 19,129.26 220,196.64 179,220.18 33,325.12 33,298.80
Source: Central Bank of Nigeria Annual Survey
Note: 1Provisional
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Table B.3.3: Summary of Federation Account Allocation Committee (FAAC) to All Tiers of Government (₦' Billion)
Item 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Federal Government 723.92 842.51 948.41 1,180.81 1,456.96 1,739.93 1,869.19 2,655.45 2,151.10 2,416.51
State Government 404.61 442.06 489.16 666.04 815.18 976.26 1,070.86 1,511.51 1,387.78 1,538.65
Local Government 324.23 360.23 396.80 507.87 622.10 744.81 815.32 1,151.53 992.28 1,252.42
13% derivation fund 91.20 92.10 138.33 205.44 348.82 424.36 437.43 637.82 455.33 548.55
Total 1,543.96 1,736.90 1,972.70 2,560.16 3,243.06 3,885.36 4,192.80 5,956.31 4,986.48 5,756.12
Item 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Federal Government 3,237.04 3,451.76 3,711.75 3,404.45 2,600.98 2,081.41 2,563.97 3,483.89 3,344.56 3,028.04
State Government 1,921.61 2,084.69 2,251.34 2,062.63 1,597.64 1,347.23 1,685.38 2,210.73 2,174.97 2,117.19
Local Government 1,459.35 1,583.01 1,708.58 1,563.15 1,205.19 1,011.04 1,263.32 1,667.25 1,636.76 1,583.61
13% derivation fund 765.30 774.26 844.28 694.20 410.26 294.69 413.22 640.01 550.13 450.26
Total 7,383.31 7,893.72 8,515.95 7,724.44 5,814.07 4,734.36 5,925.90 8,001.87 7,706.42 7,179.11
Item 2021
Total 7,751.04
Source: Office of the Accountant General of the Federation.
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