Excess Crude Account: FG, States Shared N6.21trn In 4 Years

Blank NEWS Online can report authoritatively that Nigeria’s federal and state governments have shared a total sum of N 6. 21 trillion from the Excess Crude Account (ECA) since 2011.ECA

The Federal Government’s share from the ECA during the period under review was N3.29 trillion while the 36 states received a total of N2.92 trillion, a report by the Federal Ministry of Finance disclosed on Sunday, May 24, 2015.

The figures revealed that they received N966.6 billion in 2011, N816.3 billion in 2012, N859.4 billion in 2013 and N282.8 in 2014.

“The low figure for 2014 reflects the steep decline in revenues due to the impact of the crash in global oil prices which began in the middle of the year”, a statement issued by Mr. Paul Nwabuikwu, Special Adviser to the Minister of Finance, Dr. Ngozi Okonjo-Iweala revealed.

States that got the highest amounts/allocation from the ECA:

Akwa Ibom (N265 billion)

Rivers (N230.4 billion)

Delta (N216.7 billion)

Bayelsa (N176.3 billion)

Kano (N106.5 billion)

Lagos (N82.9 billion).

States that received the least amounts/allocation from the ECA:

Kwara (N52.8 billion)

Enugu (N51.6 billion)

Gombe (N47.7 billion)

Nassarawa (N46.9 billion)

Ekiti (N46.8 billion)

Ebonyi (N44.3 billion).

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News Reporter
Blank NEWS Online founding Editor-in-Chief and Publisher, Albert Eruorhe Ograka, is a Graduate of Mass Communication. He also holds a Post Graduate Diploma (PGD) in Journalism from the International Institute of Journalism (IIJ).

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