The Federation Accounts and Allocation Committee (FAAC) in 2019 shared the sum of N8.15 trillion between the Federal, States, Local Governments and other statutory recipients.
The figure is N377 billion representinf a 4.42 per cent decrease in the figure shared in 2018.
FAAC had in 2018 shared the sum of N8.524 trillion, however, the 2018 figure was higher than 2017 figires of N6.419 trillion by N1.728 trillion representing a 26.92 per cent increase.
Our of that amount, the Federal Government received N3.37 trillion, representing 41.4 per cent of total disbursements; the states got N2.761 trillion (33.9%) while the 774 local governments shared N1.649 trillion (20.2%) of the total disbursements.
According to Nigeria Extractive Industries Transparency Initiative (NEITI) in the latest edition of its NEITI Quarterly Review released in Abuja on Thursday, “For 2018, total disbursements to FG, states, and local governments were N3.483 trillion, N2.850 trillion, and N1.667 trillion, respectively. For 2017, disbursements were N2.563 trillion to FG, N1.859 trillion to states, and N1.502 trillion to local governments”.
A comparative analysis of the disbursements made by FAAC to the federation in 2019 as against the sharing in the two previous years of 2017 and 2018 shows that the total disbursements to the Federal Government in 2019 were 3.08% lower than the disbursements in 2018, but 31.69% higher than those in 2017.
“Also, while the disbursements to the states in 2019 were 3.12% lower than those in 2018, they were 48.54% higher than those in 2017. The scenario was the same for the local governments in 2019, as their disbursements were 1.08% lower than those in 2018, but 9.75% higher than what was recorded in 2017,” NEITI said.No tags for this post.