New Age
January 18, 2005
South-South receives highest allocation in 5 years
By Tope
Oluwaleye
Oil-rich
South-South zone, with over N709 billion, received the highest net allocations
to states and the Federal Capital Territory (FCT) between June 1999 and July
2004.
The net statutory allocation comprises gross statutory allocation plus 13 per
cent share of derivation, less total deductions comprising external debt,
contractual obligations and other deductions. The highest revenue
