SEE HOW MUCH IMO STATE/27 LGA'S RECEIVED AS GROSS TOTAL ALLOCATION FROM FEDERATION ACCOUNT FROM MAY 2015 TO AUGUST 2016
IMO STATE GOVERNMENT RECEIVED A GRAND TOTAL ALLOCATION FROM FEDERATION ACCOUNT FOR STATE AND LGA BETWEEN MAY 2015 TO JUNE 2016, N71,694,047,410.89.
For the month of July,Imo state got N7,366,417,410.84.
For the month of August 2016, Imo state got above N7 billion as shared by the ministry of finance.
Do the mathematics yourself maybe you got approximately N86 Billion.
According to federal ministry of finance, in the last one year, the thirty-six states and 774 local government councils in Nigeria shared N2.8 trillion from the federation account.
The two tiers of government received the payment between June 2015 and May 2016 at the monthly meeting of the Federation Account Allocation Committee (FAAC).
Again, the thirty-six states of the Federation and the Federal Capital Territory, Abuja, collectively received a whopping N673.324billion as their share of statutory allocation for the month of July and first tranche of the excess crude earnings distribution for the period. This was revealed in a document from the office of the Accountant-General of the Federation titled: Distribution of Statutory Allocation and Excess Crude Proceeds to the three tiers of Government in July 2016.
According to the report, this is the first of such payments as states will continue to enjoy this windfall over the next several months.
Finance Minister, Mrs Kemi Adeosun, on Tuesday, revealed that the Federal Government, the 36 states and local governments shared a total of N510.270 billion as revenue allocation for August 2016. The figure was N16.44 billion higher than N493.828 billion shared in July.
Meanwhile, according to the former Nigeria President Obasanjo "Most state governors floated the idea of appointing Transition Committees (TC's) comprising of their surrogates to oversee the affairs of the councils. The trend, sadly, has been maintained in some states till now.
"In others where the polls had been conducted, the governors, in connivance with corrupt electoral officials subservient to the governors and the ruling party committed malpractices which make a mockery of the process,"
Former President Olusegun Obasanjo on Tuesday, October 11, said that governors are Nigeria's "greatest obstacles" to the development of Local Government in the country.
He stated this during an interactive session after delivering his keynote address at the maiden International Conference on Politics, Security and Development held at the Babcock University, Ilisan-Remo, Ogun State.
Obasanjo accused the governors of stealing council funds thereby endangering the development and growth of the councils.
He said once the Local Government Allocations are released from the federal account, the state governments deduct a substantial sum from it, and spend the remaining on shoddy programmes to cover up the fraud.
The former president said that no Local Government chairman had the effrontery to challenge the illegal deduction.
According to him, he initiated the local government reforms in 1976 to make the LGs autonomous, functional and developmental, but the governors have impaired the functionality of the councils with their lack of integrity.
"An effective, efficient and performing local governments system and operation will enhance the delivery of dividends of democracy and governance in Nigeria," Obasanjo said at the conference themed, "Forty years of Local Government Reforms and Democratic Development in Nigeria: Critical Perspectives,".
"Not allowing local governments to work and stealing their funds from source by states is one of the greatest disservices of all political parties in the present dispensation of our democratic experiment.
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