The 36 states of the federation received a total of N2.92 trillion from the Excess Crude Account, ECA between 2011 and 2014, excluding their constitutionally approved receipts from the Federation Account.
The Federal Government’s share from the ECA during the period was N3.29 trillion.
Figures released from the Federal Ministry of Finance yesterday in Abuja showed 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 breakdown of the receipts shows that Akwa Ibom State received (N265 billion); Rivers got (N230.4 billion); Delta collected (N216.7 billion); Bayelsa received (N176.3 billion); Kano got (N106.5 billion) and Lagos collected (N82.9 billion) respectively, the highest amounts from the ECA.
Others are Kwara (N52.8 billion), Enugu (N51.6 billion), Gombe (N47.7 billion), Nasarawa (N46.9 billion), Ekiti (N46.8 billion) and Ebonyi (N44.3 billion) received the least amounts in that order.
“The summary of the inflows and outflows from the ECA shows that the opening balance was $4.56 billion in 2011 and reached a peak the following year at $8.7 billion before declining to $2.3 billion in 2013. The balance as at May 2015 is $2.07 billion.
“The fluctuation in the ECA reflects the sharing of the proceeds usually requested by state governors as well as the practice of augmentation which involves additional sharing from the ECA when available funds are not adequate to meet revenue projections,” said the finance ministry.
The ministry added that “subsidy and SURE-P payments are also made from the Excess Crude Account.”
The ministry said it is making this information available in fulfilment of the pledge by the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala to make public details of the Excess Crude Account to clarify issues thrown up by recent claims made by Governor Rotimi Amaechi of Rivers State on behalf of some governors.

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