European Journal of Social Sciences - Volume 2, Number 1 (2006) TABLE 5: LOCAL GOVERNMENT REVENUE SOURCE: EXTERNAL/INTERNAL SOURCES RATIO (%) Year Total Revenue Federal Sources (%) 66 State Sources (%) Internal Sources (%) 1996 23,942.1 88.6 2.9 8.5 1997 33,040.5 90.6 1.8 7.6 1998 44,952.7 87.7 2.4 9.9 1999 60,800.6 91.6 0.7 7.7 2000 151,877.3 94.0 1.3 4.7 2001 171,523.1 95.6 0.9 3.5 2002 172,151.2 93.0 0.9 6.1 2003* 370,170.9 93.9 0.6 5.5 Source: Extracted and calculated from Table 4 Foot Note (1) * means provisional. (2) The federal source include the share of federation account, VAT, stabilization fund receipt and Grants and others unclassified.
European Journal of Social Sciences ISSN 1450-2267 Vol 2, No 1 (2006) © <strong>EuroJournals</strong> Publishing, Inc. 2006 http://www.eurojournals.com/EJSS.htm TABLE 6: FEDERATI<strong>ON</strong> ACCOUNT OPERATI<strong>ON</strong> (1996-2003) (N Million) YEAR TOTAL FEDERAL STATE % LOCAL % SPECIAL FUND % REVENUE % 1996 167,166.1 81,730.0 48.9 41,716.7 24.9 33,918.0 20.3 9,810.4 5.9 1997 206,622.0 101,000.0 48.9 51,160.7 24.8 41,690.8 20.2 12,770.5 6.1 1998 244,289.0 124,573.0 51.0 57,500.0 23.5 47,910.0 19.6 14,306.0 5.9 1999 446,474.7 218,874.5 49.0 108,214.8 24.2 90,179.2 20.2 29,206.2 6.5 2000 1,051,643.9 502,294.4 47.8 248,561.7 23.6 207,146.6 19.7 93,641.2 8.9 2001 1,298,301.3 530,657.6 40.9 391,326.9 30.1 245,436.6 18.9 130,880.2 10.1 2002 1,692,770.8 859,014.9 50.7 398,767.6 23.6 333,900.6 19.7 101,087.7 6.0 2003* 1,821,010.0 917,104.4 50.4 419,845.2 23.1 346,865.9 19.0 137,194.5 7.5 Source: Federal Ministry of Finance (cited in CBN Annual Report and Statement of Accounts for the year ended 31 st December – various years) Foot Note (1) * means provisional. (2) Special funds cover FCT, Ecology, Statutory stabilization, mineral derivation (13%), mineral producing areas, Natural resources and Residual Account. (3) Special funds are under the control of the federal government. (4) The percentages are as calculated by the researcher. (5) Before the 2001 Supreme Court Judgement, Mineral derivation was an item under “special funds”, it is now an item of distribution directly from the Federation Account. (6) Federation Account items include what accrue from Crude oil/Gas exports, PPT and Royalties, etc; Domestic Crude oil sales; other oil Revenues, Companies Income tax; Customs/Excise duties; Privatization/GSM proceeds; VAT, Tax on petroleum products, Penalty for gas flare, etc. 67