Nigeria, March 20 -- The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed in its latest report that a total of N10.143 trillion was shared among the federal government, states, and local government councils from the federation account as statutory revenue allocations in 2023.

According to a statement released Tuesday by its spokesperson, Obiageli Onuorah, the disclosure aims to enhance public accountability in the country's public finance.

She said the Executive Secretary of NEITI, Orji Ogbonnanya, made this announcement at the NEITI House in Abuja during the release of the report.

According to the statement, the NEITI FAAC Quarterly Review was initiated to provide a comprehensive understanding of federation a...