Dr. Ngozi Okonjo-Iweala, Minister of Finance has released the breakdown of the Excess Crude Account through a statement via her Special Adviser on Communications, Mr. Paul Nwabuikwu.
It should be noted that she was pressured by state governors under the body of the Nigeria Governors’ Forum (NGF) to explain how she had managed $20bn in the ECA between June 2013 and April 2015.
However Okonjo-Iweala in a document yesterday stated her need to make public the details so as “to clarify issues thrown up by recent claims made by Governor Rotimi Amaechi of Rivers State on behalf of some governors.”
The document revealed that within the four-year period, the Federal Government received N3.29 trillion while the 36 states got N2.92trillion from the ECA .
It furthermore revealed that the 36 states received N966.6bn in 2011; N816.3bn in 2012; N859.4bn in 2013 and N282.8bn in 2014.
Kwara (N52.8bn), Enugu (N51.6bn), Gombe (N47.7bn), Nasarawa (N46.9bn), Ekiti (N46.8bn) and Ebonyi (N44.3bn) received the least allocations while Akwa Ibom State received the highest allocation of N265 billion from the ECA.
Rivers and Delta states followed with N230.4 billion and N216.7 billion respectively.
Other states with high allocations are Bayelsa, N176.3bn; Kano, N106.5bn and Lagos, N82.9bn.