Thursday, March 12,
2020 01:30 PM / NBS/ Header Image Credit: NBS
The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.93trn to the Federal Government of Nigeria in 2019. The highest Net Allocation were disbursed in the months of July and September with 275.03bn and 266.49bn respectively while the least amount disbursed to the Federal Government of Nigeria in 2019 where in May and March with 219.51bn and 223.28bn in that order.
The total Net FAAC Allocation to State Governments stood at N2.47trn, Delta and Akwa Ibom States received the highest allocation of N219.28bn and N171.98bn respectively in 2019 while Osun and Cross River States received the least allocation of N24.22bn and N36.31bn in that order.
The total Net FAAC Allocation to Local Governments Councils stood at N1.64trn in 2019, Lagos and Kano States received the highest allocation of N104.97bn and N92.16bn respectively in 2019 while Bayelsa and Gombe States received the least allocation of N18.99bn and N23.80bn in respectively.
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