FAAC shared N8.15tr to FG, states, LGA in 2019
N8.15 trillion was shared between the Federal, States, Local Governments and other statutory recipients by the Federation Accounts and Allocation Committee in 2019.
The Director, Communications & Advocacy, Dr. Orji Ogbonnaya Orji, disclosed these in the statement issued in Abuja. “For 2018, total disbursements to FG, states, and local governments were N3.483 trillion, N2.850 trillion, and N1.667 trillion, respectively. For 2017, disbursements were N2.563 trillion to FG, N1.859 trillion to states, and N1.502 trillion to local governments”.
The Report further disclosed that over the seven-year period , 2013 recorded the highest disbursements of N9.742 trillion, followed by 2014 . 2018 came third with N8.524 trillion while 2019 had the fourth highest disbursements of N8.147 trillion. According to the report, Osun and Cross River states have the lowest allocation of N24.14billion and N36.22Billion. Delta State received the highest disbursement of N218.58 billion. “Put differently, if we assume that the net disbursements received by both states were fairly constant, then, the amount received by Delta State in 2019 alone can be used to cover disbursements to Osun State in nine years”, the Report further explained.
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