FAAC-Federation-Accounts-Allocation-Committee
FAAC-Federation-Accounts-Allocation-Committee

The Federation Accounts Allocation Committee (FAAC) shared N3.879

trillion to the Federal Government, states, local government areas and

other statutory recipients in the first half of 2020.

A breakdown of the disbursements showed that N1.53 trillion went to

the Federal Government, while the states got N1.29 trillion and the 774

local government areas received N771.34 billion

The information and data are contained in the latest edition of the

quarterly review of the Nigeria Extractive Industries Transparency

Initiative (NEITI) released today in Abuja.

Its Director, Communications  and Advocacy, Orji Ogbonnaya Orji made

this known in a statement Tuesday.

The report however notes that disbursements in Q2 2020 were 1.09%

higher than total disbursements in Q2 2019 and 3.66% lower than theone for Q2 2018.