The 36 states of the federation shared about N1.2tn between January and October with Bayelsa State emerging the richest on a per capita basis.
With a population of about 1.7million, Bayelsa received about N71.8bn from the Federation Account during the period, documents from the Office of the Accountant- General of the Federation showed.
�On per capita basis, the amount translated to N42,235 per person,� the documents showed.
Per capita income means how much each individual receives, in monetary terms, of the yearly income that is generated in their country or state through productive activities. But in this case, the period covers the first 10 months of 2007.
Although Rivers State received the largest chunk of N167.6bn during the period, it came second on a per capita basis.
With a population of about 5.2 million, analysis showed that the state came second among the wealthiest states with a per capita of N32, 231.
Akwa Ibom and Delta states came third and fourth on a per capita basis with N28, 410 and N19,000 respectively.
Akwa Ibom, with a population of about 3.9 million, received about N110.8bn while Delta State, with a population of about 4.1million, received about N77.9bn.
Although Kano and Lagos are the most populous in the country, they are the poorest on a per capita basis.
Kano had N3,883, per capita while Lagos had N4,633 having received about N36.5bn and N41.7bn respectively during the period.
Nassarawa is the richest state in the North; Ebonyi in the South-East, Ondo in the South-West on a per capita basis, the documents show.
Rising crude oil prices have helped to grow Nigeria�s foreign exchange earnings during the period with prices of crude coming close to $100 per barrel.
Nigeria, Africa�s largest crude exporter, has seen crude production hit 2.18 million barrels per day from 2.15 mbd in the preceding quarter, according to the Central Bank of Nigeria in its third quarter economic report.
In spite of the huge revenues, the wealthiest states in the country are characterised by poor infrastructure and poverty.
Oil revenues have not translated to improved standards of living, according to a Human Rights Watch World Report released this year.
Development among the top wealthiest states has been slow with their past governors accused of corruption.
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