ALLOCATION DEPARTMENT

The functions of the Allocation Department include:

  1. Ensure that resources are distributed among the beneficiaries of the Federation Account in accordance with Constitutional provisions and uphold the interpretations by the Supreme Court on areas requiring such clarification.
  2. Provide the technical and professional support in the determination of Vertical Revenue Allocation Formula for the sharing of revenue from the Federation Account.
  3. Generate indices and proxies for disbursements of revenue from the Federation Account in respect of the Horizontal Formula.
  4. Prepare the various Committees work plan.
  5. Prepare the various Committees annual reports.
  6. Compute indices for disbursement of 13% derivation funds.
  7. Attends on behalf of the Commission, the meeting of the Federation Account Allocation Committee (FAAC).
  8. Monitor actual disbursements to ensure correct application of the indices and approved Revenue Allocation Formula.
  9. Represent the Commission at the Office of the Accountant General of the Federation (OAGF) reconciliation meeting.
  10. Collates and update data as well as other factors for the purpose of sharing revenue amongst the beneficiaries.
  11. Prepare a new Revenue Allocation Formula for the country to ensure conformity with changing realities.
  12. Closely monitor trends and other issues relating to the Revenue Allocation system in Nigeria and other places and advise the Commission.
  13. Provide technical and secretariat support for the Post Mortem Sub-Committee of FAAC.
  14. Prepare Departmental annual report and submission of same to the Planning, Research and Statistics Department on or before end of first quarter of the following year.
  15. Provide administrative, technical and professional support to the Indices & Disbursement Committee (I&DC), Federation Account Committee (FAC) and Revenue Allocation Formula Committee (RAFC).
  16. Carry out any other assignment as may be directed by the Chairman or the Commission.