Close Menu
Straightnews

    Subscribe to Updates

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

    What's Hot

    Unearthing alleged Money Rituals that Kill young Men

    February 21, 2026 --- 11:55 pm

    Viral Video: Digital Creator to Sue Another in Akwa Ibom Court

    February 21, 2026 --- 5:17 pm

    UK Must Pay £420m Compensation to Slain Enugu Coal Miners – Court

    February 20, 2026 --- 10:55 pm
    Facebook X (Twitter) Instagram
    Trending
    • Unearthing alleged Money Rituals that Kill young Men
    • Viral Video: Digital Creator to Sue Another in Akwa Ibom Court
    • UK Must Pay £420m Compensation to Slain Enugu Coal Miners – Court
    • Gov Pays N12.9b scholarship to Borno indigenes to study Aeronautics/Engineering courses
    • Russia Dithers as Citizen Flees Ghana after 3exual Misconduct
    • Law Graduate Ignites Call for Enforcement of Capital Punishment in Nigeria
    • Man Gets Five Years For Vandalising Solar Street Lights
    • Akwa Ibom Police Arrest Two, Seize pump Action Rifle
    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

    Akwa Ibom, Cross River Spar over control of 76 Oil wells

    February 17, 2026 --- 3:03 pm

    Finance Commissioner Sparks Controversy, Confusion over Tax Law Citations

    February 10, 2026 --- 12:50 pm

    Nigerian Officials have a Culture of Denial – US lawmaker alleges

    February 7, 2026 --- 11:50 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    Essay

    Unearthing alleged Money Rituals that Kill young Men

    By straightnewsng.comFebruary 21, 2026 --- 11:55 pm0

    Sir Nwoba Chika Nwoba  The story tells the various forms of ritual and their implications…

    Viral Video: Digital Creator to Sue Another in Akwa Ibom Court

    February 21, 2026 --- 5:17 pm

    UK Must Pay £420m Compensation to Slain Enugu Coal Miners – Court

    February 20, 2026 --- 10:55 pm

    Gov Pays N12.9b scholarship to Borno indigenes to study Aeronautics/Engineering courses

    February 20, 2026 --- 10:23 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
    • Unearthing alleged Money Rituals that Kill young Men
    • Viral Video: Digital Creator to Sue Another in Akwa Ibom Court
    • UK Must Pay £420m Compensation to Slain Enugu Coal Miners – Court
    • Gov Pays N12.9b scholarship to Borno indigenes to study Aeronautics/Engineering courses
    • Russia Dithers as Citizen Flees Ghana after 3exual Misconduct
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

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