Abia State Allocation

Post author:NgFinders
Post published:October 9, 2019
Post category:Information

Abia State Allocation

Allocation is a certain amount of money set aside for expenses. You usually hear about the government allocating funds to states for payment of workers salaries, management of the states, education, infrastructures etc but you may personally allocate some of your allowance to buying some things you need as well.

Abia State

Abia State FAAC allocation grew from the 2011 figure of 48.1bn in 2011 to 54.9 in 2014 but significantly reduced to 30.7bn in 2016. It’s Internally Generated Revenue (IGR) was N14.92bn and N12.69bn in 2017 and 2016 respectively. Abia’s domestic debt profile – pegged at N53.5bn in December 2016 now stands at N60.65bn as at December 2017

FAAC Allocations

FAAC AllocationsFAAC

Year	FAAC Allocations
2011	48,169,192,345
2012	53,463,252,698
2013	61,087,819,917
2014	54,967,429,203
2015	40,082,563,529
2016	30,720,790,645
2017	38,876,702,909

Internally Generated Revenue

Internally Generated RevenueInternally Generated

Year	Internally Generated Revenue
2011	11,763,510,586
2012	16,751,700,376
2013	12,512,103,711
2014	12,371,194,895
2015	13,349,444,264
2016	12,694,839,539
2017	14,917,141,806

External Debt

Year	External Debt
2011	1,714,432,463
2012	2,592,935,140
2013	3,039,396,602
2014	3,149,630,554
2015	2,741,632,541
2016	4,777,169,538
2017	6,023,994,931

Domestic Debt

Year	Domestic Debt
2011	24,202,240,000
2012	8,663,790,000
2013	31,736,723,710
2014	25,126,070,685
2015	33,530,526,405
2016	53,525,312,007
2017	60,648,431,912

Total Debt Stock

Total Debt StockTotal Debt Stock