Friday, February 12,
2021 05:20 PM / by NBS/ Header Image Credit: NBS
The Federation Account Allocation Committee (FAAC) disbursed the sum of N2.49trn to the Federal Government of Nigeria in 2020 while states received a total of N2.30trn within the period under review.
The months with the highest Net Allocation were January and August with 243.45bn and 232.34bn respectively while the least amount disbursed to the Federal Government of Nigeria in 2020 where in December and November with 160.59bn and 176.29bn respectively.
The total Net FAAC Allocation to State Government stood at N2.30trn, Delta and Akwa Ibom States received the highest allocation of N186.83bn and N146.27bn respectively in 2020 while Osun and Cross River States received the least allocation of N30.63bn and N32.89bn in that order. Gbetiokun Derivation and Suko Derivation accounted for N1.03bn and N994.94m respectively.