A total of N8.15tn was shared between the federal, states, local
governments and other statutory recipients by the Federation
Account Allocation Committee in 2019.
A statement released by the Nigeria Extractive Industries
Transparency Initiative on Thursday said the amount shared in 2019
was lower than the N8.52tn disbursed in 2018 by N377bn, or 4.42 per
cent.
Out of the N8.15tn shared in 2019, the Federal Government
received N3.37tn, representing 41.4 per cent of total
disbursements, while the 36 states got N2.76tn (33.9 per cent).
The 774 local government councils shared N1.65tn, 20.2 per cent
of the total amount shared.
Details of the 2019 FAAC allocations was contained in the latest
edition of the NEITI Quarterly Review released in Abuja on
Thursday, according to the statement signed by Orji Ogbonnaya Orji,
Director, Communications and Advocacy.
The report, which examined FAAC disbursements to the three tiers
of government in 2019, compared the disbursements of the previous
years and made projections for the year 2020.
According to NEITI, revenue shared to the three tiers of
government in the two previous years 2018 and 2017 followed the
same pattern.
The report said, “For 2018, total disbursements to the Federal
Government, states, and local governments were N3.48tn, N2.85tn,
and N1.67tn respectively.
“For 2017, disbursements were N2.56tn to FG, N1.86tn to states,
and N1.5tn to local governments.”
The total disbursement to the Federal Government in 2019 were
3.08 per cent lower than the disbursement in 2018, but 31.69 per
cent higher than those in 2017.