The
36 state governments (excluding their respective local governments) received a total statutory allocations of N1.05tn between January and August this year.
Statutory allocation is the allocation from the Federal Government that goes to each state as a means of revenue assistance from the Federal Government.
This was just as members of the House of Representatives decried a situation where local governments are short changed by state governments. They also called for the conduct of council elections and financial autonomy for them.
Data obtained from the National Bureau of Statistics indicated that the lowest statutory allocation of N62.26bn was allocated to the states in January 2022.
They received their highest statutory allocation of N232.5bn in August, according to an analysis of figures released by the bureau.
In February, March and April, the states’ statutory allocations were N83.82bn, N124.99bn and N110.27bn, respectively.
They got N93.93bn, N148.5bn and N192.76bn in May, June and July, respectively.
The summation of the eight months’ statutory allocations for the state governments, excluding allocations to the local governments was therefore N1.05tn.
Punch
