NEITI says the federal government’s revenue from the FAAC decreased by N41.44 billion in the second quarter (Q2) of 2024.
says the federal government’s revenue from the federal account allocation committee However, NEITI said FAAC disbursements to states and local government areas increased during the same period.
TheCable Index analysis of disbursements to local governments showed that the highest allocation at N5.72 billion went to Alimosho in Lagos, followed by Ajeromi/Ifelodun , and Kosofe .“Nine states benefited from 13 per cent oil derivation revenue, with Delta State leading at 40.153 per cent, followed by Bayelsa at 38.112 per cent, and Akwa Ibom at 36.117 per cent. Rivers State recorded a derivation ratio of 27.
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