FG, states, councils share N3.88 trillion

The Federal Government, states and councils, in the first half of this year, shared N3.88 trillion in allocation.

A report by the Nigeria Extractive Industries Transparency Initiative (NEITI), yesterday in Abuja showing the disbursements from the Federation Accounts Allocation Committee (FAAC), indicated that N1.53 trillion went to the Federal Government, while the states and councils got N1.29 trillion and N771.34 billion.

The central government’s share was 4.28 per cent lower than the N1.599 trillion it received in the first half of 2019 and 7.36 per cent inferior to its N1.652 trillion tally of the corresponding period of 2018.

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