FAAC disbursed N1.92tn to FG, states, LGs in Q1

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FAAC disbursed N1.92tn to FG, states, LGs in Q1
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The Federation Account Allocation Committee has disbursed N1.92 trillion to the three tiers of government in the first quarter of 2019, according to the National Bureau of Statistics.

The NBS said this in FACC monthly allocation for January, February and March, 2019 Disbursement statistics published on its website on Monday in Abuja.

The breakdown showed that the federal government received N270.17 billion in January, N275.33 billion in February and N257.68 billion in March. The sum of N45.36 billion was shared among the oil-producing states as 13 per cent derivation fund in the month.

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