Revenue: NEITI Confirms FG, States, LGS Shared N8.15trn In 2019 - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
February 14, 2020
TheNigeria Extractive Industries Transparency Initiative, NEITI says the Federal,States, Local Governments and other statutory recipients by the FederationAccounts and Allocation Committee, FAAC shared about 8.15 trillion naira in2019.
NEITIin its quarterly report, said the figure is 377 billion naira or 4.42 per centlower than the 2018 figure of 8.524 trillion naira, but 1.728 trillion naira or26.92 per cent higher than the total disbursements of 6.419 trillion naira madein 2017.
Outof this amount, it said the Federal Government received 3.37 trillion; the 36states got 2.761 trillion naira, while the 774 local governments shared 1.649trillion naira of the total disbursements.
Thepublication which examined FAAC Disbursements to the Federal, States and Localgovernments in 2019, compared to the disbursements of the previous years andmade projections for the year 2020.
Itnoted that in line with the revenue sharing formula, the FG received thehighest disbursements from FAAC while local governments got the lowest.