The Nigeria Extractive Industries Transparency Initiative (NEITI) said the Federal, States, Local Governments and other statutory recipients by the Federation Accounts and Allocation Committee (FAAC) shared N8.15 trillion in 2019.
NEITI disclosed this on its quarterly report released in Abuja, on Thursday.
It said the figure is N377billion or 4.42 per cent lower than the 2018 figure of N8.524 trillion, but N1.728 trillion or 26.92 per cent higher than the total disbursements of N6.419 trillion made in 2017.
Out of this amount, it said the Federal Government received N3.37 trillion, representing 41.4 per cent of total disbursements; the 36 states got N2.761 trillion (33.9%) while the 774 local governments shared N1.649 trillion (20.2%) of the total disbursements.
The publication which examined FAAC Disbursements to the Federal, States and Local governments in 2019, compared the disbursements of the previous years and made projections for the year 2020.
It noted that in line…
Source: Vanguard Newspaper