FAAC: Nigerian govt, states, LGs, others share N2.3 trillion - NEITI
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Nigeria, Dec. 2 -- The Federation Account Allocation Committee (FAAC) disbursed a total of N2.273 trillion to the three tiers of government and other statutory recipients between July and September this year, the Nigeria Extractive Industries Transparency Initiative (NEITI) revealed in its latest Quarterly Review publication.
The three tiers of government consist of the federal; 36 states and the Federal Capital Territory, including the 774 local governments in the country.
The report disclosed that the federal government received an allocation that was about 18.79 per cent more than the N1.9 trillion disbursed in the second quarter of 2019 and 17.8 per cent more than the N1.9 trillion disbursed in the first quarter of the year.
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