Federal Allocation: FAAC Disbureses N3.88TR to FG, States and Others I First Half of 2020 - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 6
September 10, 2020
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.