‘FG, states, councils shared N8.15 trillion from FAAC in 2019’
Federal, states, local councils and other statutory recipients in 2019 shared N8.15 trillion from the Federation Accounts and Allocation Committee (FAAC), a quarterly review from the Nigerian Extractive Industries Transparency Initiative (NEITI has revealed.
The disbursement last year, which is N377 billion or 4.42 per cent lower than the 2018 figure of N8.524 trillion, according to NEITI, is N1.728 trillion or 26.92 per cent higher than the total disbursements of N6.419 trillion made in 2017.
The report noted that in 2019, Federal Government received N3.37 trillion, translating to 41.4 per cent of total disbursements; while the 36 states received N2.761 trillion or 33.9 per cent and the 774 local councils shared N1.649 trillion 20.2 per cent.
“For 2018, total disbursements to Federal Government, states, and local councils were N3.483 trillion, N2.850 trillion, and N1.667 trillion respectively. For 2017, disbursements were N2.563 trillion to Federal Government, N1.859 trillion to states, and N1.502 trillion to local councils,” the report noted.
The report disclosed that from 2013 to 2019, 2013 recorded the highest disbursements of N9.742 trillion, followed by 2014 with N8.595 trillion. 2018 came third with N8.524 trillion while 2019 had the fourth highest disbursements of N8.147 trillion.
It further revealed that Osun and Cross River states have the lowest allocation of N24.14 billion and N36.22 billion while Delta State received the highest disbursement of N218.58 billion.
The document showed significant increases in net disbursements to states between 2017 and 2018, in which Ebonyi State recorded the lowest percentage increase in net disbursements in 2017 while the highest percentage increase occurred in Osun State with 118.8 per cent increase in 2018.