Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Sea Piracy: Police Rescue Fishermen, Recover Stolen Outboard Engines in Akwa Ibom

    October 2, 2026 --- 8:35 pm

    DNA Mismatch: 71-Year-Old for Release After 41 Years on Death Row

    October 1, 2026 --- 5:43 pm

    Akpabio, Oluremi Felicitate Nigerians on Country’s 66th Independence Anniversary

    October 1, 2026 --- 5:17 pm
    Facebook X (Twitter) Instagram
    Trending
    • Sea Piracy: Police Rescue Fishermen, Recover Stolen Outboard Engines in Akwa Ibom
    • DNA Mismatch: 71-Year-Old for Release After 41 Years on Death Row
    • Akpabio, Oluremi Felicitate Nigerians on Country’s 66th Independence Anniversary
    • Shared and widespread prosperity, Our Purpose-President Tinubu
    • Kidnapping: Court Sentences Four to Death in Edo  
    • Don’t Use AI to Spread Falsehoods, Akpabio Warns Politicians
    • 2026 NECO Results: Akwa Ibom Plummets to 36th Position
    • Man, 40, Nabbed Over Alleged Production of Adulterated Alcoholic Beverages
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Contact Us
    • Sports
    Straightnews
    Home»Government»Akwa Ibom, Other States Earned N2.3Trn From FAAC In 2020, NBS
    Government

    Akwa Ibom, Other States Earned N2.3Trn From FAAC In 2020, NBS

    straightnewsng.comBy straightnewsng.comFebruary 15, 2021 --- 2:51 pmUpdated:February 16, 2021 --- 10:52 amNo Comments2 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Nigeria's map straightnews
    Nigeria's map
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    The 33-year-old Akwa Ibom State in Nigeria was the second highest collector of monthly allocations from Federation Account Allocation Committee (FAAC) in 2020.

    Data obtained by Straightnews from National Bureau of Statistics/Office of the Accountant-General of the Federation show Akwa Ibom collected N146,265,871,270.09 billion while Delta State received the highest allocation of N186,828,313,891.51 billion in the country.

    In January, Akwa Ibom got N15,112,298,251.03; in February, N12,966,616,420.55; in March, N12,530,035,039.69; in April, N15,958,620,851.32; in May, N11,222,671,346.33; and in June, N11,365,257,230.05.

    The state also collected N9,882,221,183.07 in July; N13,273,121,093.86 in August; N10,334,320,966.27 in September; N12,316,725,455.12 in October; N10,824,121,621.90 in November; and N10,479,861,810.89 in December.

    In addition, Akwa Ibom collected N90 billion as 13 per cent Derivation Principle from FAAC last year.

    FAAC disbursed N2.49 trillion to the Federal Government of Nigeria in 2020 while states received a total of N2.30 trillion within the period under review.

    The months with the highest Net Allocation were January and August with 243.45 billion and 232.34 billion respectively.

    ”Osun and Cross River States received the least allocation of N30,627,107,890.14 billion and N N32,892,824,373.96 billion,’’ according to FAAC.

    Abia State collected N48,369,064,079.91; Adamawa, N47,943,888,872.22; Anambra, N50,916,565,330.78; Bauchi, N49,144,349,945.81; Bayelsa, N116,401,465,403.37; Benue, N47,213,359,604.04; and Borno, N60,083,280,097.80.

    Ebonyi collected N43,963,560,710.14; Edo, N58,405,582,559.72; Ekiti, N39,522,983,724.48; Enugu, N49,887,509,995.29; Gombe, N39,923,718,418.03; Imo, N55,724,444,607.35; Jigawa, N56,365,310,756.22; Kaduna, N63,126,507,768.38; Kano, N81,265,346,346.94; Katsina, N61,394,120,973.64.

    Kebbi earned N51,180,577,366.74; Kogi, N49,981,491,072.92; Kwara, N42,095,648,742.86; Lagos, N115,932,620,456.70; Nasarawa, N43,104,566,838.28; Niger, N54,567,994,993.75; Ogun, N37,679,432,983.66; Ondo, N46,651,761,688.76; Oyo, N53,664,588,449.85; Plateau, N35,644,412,130.66.

    Other beneficiaries were Rivers, N141,187,041,344.69; Sokoto, N54,118,448,840.43; Taraba, N43,826,280,935.45; Yobe, N49,439,411,823.37; Zamfara, N41,446,503,230.12; Federal Capital Territory-Abuja, N67,064,632,994.32.

    The GBETIOKUN DERIVATION was N1,034,003,979.10 while SUKO DERIVATION was N994,940,731.05.

    Meanwhile, the oil-producing states in the country got N434 billion as 13 per cent oil derivation from FAAC last year.

    Money accrued to oil producing states in 2020 straightnews
    Money accrued to oil producing states in 2020
    Anambra Bauchi Bayelsa Benue Borno Cross River State Delta State Ebonyi Edo Ekiti Enugu Federal Capital Territory-Abuja Federation Account Allocation Committee (FAAC) GBETIOKUN DERIVATION Gombe Imo Jigawa Kaduna Kano Katsina Kebbi Kogi Kwara Lagos Nasarawa National Bureau of Statistics (NBS) Niger Office of the Accountant-General of the Federation Ogun Ondo Osun Oyo) Plateau Rivers Sokoto SUKO DERIVATION Taraba Yobe Zamfara
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    Jubilee Syringe, Flour Mill Exit From Akwa Ibom, Shocks Gov Eno

    September 23, 2026 --- 10:07 am

    FAAC Allocation: FG, States and LGCs Share N2.3trn for August

    September 18, 2026 --- 11:01 pm

    30 dead in Ondo After Consuming Herbal drinks

    September 10, 2026 --- 11:12 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    Crime

    Sea Piracy: Police Rescue Fishermen, Recover Stolen Outboard Engines in Akwa Ibom

    By straightnewsng.comOctober 2, 2026 --- 8:35 pm0

    Aniefiok Christopher Akwa Ibom Police Command has rescued abducted fishermen from sea pirates and recovered…

    DNA Mismatch: 71-Year-Old for Release After 41 Years on Death Row

    October 1, 2026 --- 5:43 pm

    Akpabio, Oluremi Felicitate Nigerians on Country’s 66th Independence Anniversary

    October 1, 2026 --- 5:17 pm

    Shared and widespread prosperity, Our Purpose-President Tinubu

    October 1, 2026 --- 12:05 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Sea Piracy: Police Rescue Fishermen, Recover Stolen Outboard Engines in Akwa Ibom
    • DNA Mismatch: 71-Year-Old for Release After 41 Years on Death Row
    • Akpabio, Oluremi Felicitate Nigerians on Country’s 66th Independence Anniversary
    • Shared and widespread prosperity, Our Purpose-President Tinubu
    • Kidnapping: Court Sentences Four to Death in Edo  
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.