BNW

B N W: Biafra Nigeria World News

.... ....   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact  | Advert Rates  Towards a better life for the people Search The Archives   Cover Stories National News South West Niger Delta South East North Politics Business Sports World Viewpoints Features   COVER STORIES 5 S-East states generate N24bn in 5 yrs By Omoh Gabriel, Business Editor Wednesday, December 15, 2004 LAGOS — THE five South-East states of Abia, Anambra, Ebonyi, Enugu and Imo generated a total of N24.132 billion as internal revenue compared to the N237.660 billion states in the zone got from the federation account between June 1999 and July 2004. The amount internally generated represents 10.2 per cent of total federal allocation to states in the region in the five-year period. A break down of the internally generated revenue of the South-East states showed that Enugu State generated N6.346 billion made compared to the N45.542 billion it collected from the Federal Government as its share of the federation account. Anambra State on the other hand raised internally from taxes, levies and dues the sum of N6.050 billion as against a net allocation of N44.333 billion from the federation account. Imo State generated a total of N5.737 billion while it got N55.90 billion as net allocation from the federation account. It is trailed by Abia State with N5.159 billion as against the N47.85 billionit got from federal allocation. Ebonyi State generated internally the least amount of N839 million during the period compared to the N43.999 billion it received from the federation account during the period. A breakdown of the region’s internally generated revenue showed that in 1999 Enugu State generated N676.8 million, N201 million in 2000, N2.185.2 billion in 2001, N1.423 billion in 2002 and N1.859 billion in 2003. Anambra State generated N816 million in 1999, N625 million in 2000, N572.1 million in 2001, N1.637 billion in 2002 and N2.4 billion in 2003. Imo State in 1999 generated NN468.9 million internally and in 2000 the state raised internally N944.6 million. It went up to N1.156 billion in 2001 and further to N1.221 billion in 2002. In 2003, it went up to N1.945 billion. Abia, the fourth highest internally revenue generating state in the South-East zone, raised N523.9 million between June in 1999 and N975.1 million in 2000. In 2001 the state’s internally generated revenue climbed to N2.208 billion and declined to N625.9 million in 2002. It rose, however, to N825.9 million in 2003.   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact  | Advert Rates © 1998- 2004. Vanguard Media Ltd.

	BNW News
Voice of Biafra | Biafra World | Biafra Online | Biafra Web | MASSOB | Biafra Forum | BLM | Biafra Consortium
	© 2001 BNW BiafraNigeriaWorld  Privacy Policy ---------------------------------------------------------------------------------- Powered by ACENetwork ----------------------------------------------------------------------------------
	Axiom PSI Yam Festival Series, Iri Ji Nd'Igbo the Kola-Nut Series,Nigeria Masterweb