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FG, states, LGAs shared N3.88trn in first half of 2020 —NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the three tiers of government and other statutory recipients received N3.879trillion from the Federation Accounts Allocation Committee (FAAC) in the first half of this year.

NEITI, which disclosed this in its quarterly review, said the Federal Government received N1.53trillion while the states and the 774 local government areas got N1.29trillion and N771.34billion respectively.

According to the agency, the N1.53tn received by the federal government during the period was 4.28 percent lower than the N1.599tn collected in the corresponding period of 2019, and 7.36 percent lower than the N1.652tn received in 2018.

The same applied for states and the LGAs.

READ ALSO: FAAC disbursed N1.95tn in Q1 2020 —NEITI

NEITI said: “For states, a total of N1.298trillion was disbursed in the first half of 2020. This was 2.8 percent lower than the N1.35trillion disbursed in the first half of 2019, and 5.6 percent lower than the N1.375trillion disbursed in the first half of 2020.

“For local government areas, the 2020 first half disbursements were 2.64 percent and 3.04 percent lower than the corresponding disbursements for 2019 and 2018 respectively.”

The agency noted that disbursements in the second quarter of this year were 1.09 percent higher than total disbursements in the corresponding period of 2019 and 3.66 percent lower than in 2018.

The FAAC disbursements to the three tiers of government and other statutory recipients in the second quarter of 2020 were pegged at N1.934trillion.

Ronald Adamolekun

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Ronald Adamolekun

Ronald Adamolekun is a creative writer with a mixed bag of experience in fields as diverse as data journalism, financial reporting and editing.

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