The report, he said, also covered nine selected states Akwa-Ibom, Bayelsa, Delta, Gombe, Imo, Kano, Nasarawa, Ondo and Rivers.
Mr El-Rufai’s assertion comes days after Finance Minister Wale Edun said Nigeria recorded economic growth last under former President Goodluck Jonathan.
He said the 2015 Annual Report of the Auditor-General for the Federation showed that interest of $1,829,025.45 was deposited in the ECA as interest on investments.
The communiqué stated that the N786.161 billion total distributable revenue comprised statutory revenue of N519.545 billion and Value Added Tax (VAT) revenue of N251.607 billion.
The Federation Account Allocation Committee has given N655.932 billion in revenue for April to the federal, state and local governments.
The ECA, a fund that warehouses oil revenue in excess of the budget benchmark of crude oil prices, was paid quarterly from the FAAC to the state.
The benefitting states still have an outstanding balance of N860.59 billion windfall from the refunds, which was approved by President Muhammadu Buhari.
However, the balance in the Excess Crude Account (ECA), as at August 24 stands at 470,599.54 million dollars.
Since assuming office in 2015 and then going ahead to win reelection in 2019, the Buhari-led regime has involved in heavy borrowing and depleting of the country’s scarce resources.
