FG, states, LGs shared N4.55trn in 9 months of 2017 – NEITI


The latest edition of the Nigeria Extractive Industries Transparency Initiative (NEITI), Quarterly Review has showed that revenue allocation from the Federation Account to the three tiers of government summed up to about N4.55 trillion between January and September 2017, Leadership reports.

The publication issued on Wednesday in Abuja showed that of the total amount, about N1.76 trillion was shared in the third quarter of 2017, as against the N1.377 trillion and N1.41 trillion disbursed in the second and first quarters of the year respectively.

Information and data on FAAC disbursements for the third quarter of 2017 as well as the mid-year budget implementation also showed the federal government received about N1.851.32 trillion for the three quarters of the year. This was followed by the state governments, which collected about with N1.509 trillion and the 774 local governments about N913.8 billion.