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Economy | Nigeria Economy

FAAC Disburses N2.93trn to FG in 2019 - NBS

Mar 12, 2020   •   by   •   Source: Proshare   •   eye-icon 1718 views

Thursday, March 12,2020  01:30 PM / NBS/ Header Image Credit:  NBS

 

The Federation Account Allocation Committee (FAAC)disbursed the sum of N2.93trn to the Federal Government of Nigeria in 2019. Thehighest Net Allocation were disbursed in the months of July and September with275.03bn and 266.49bn respectively while the least amount disbursed to theFederal Government of Nigeria in 2019 where in May and March with 219.51bn and223.28bn in that order.

 

The total Net FAAC Allocation to State Governmentsstood at N2.47trn, Delta and Akwa Ibom States received the highest allocationof N219.28bn and N171.98bn respectively in 2019 while Osun and Cross RiverStates received the least allocation of N24.22bn and N36.31bn in that order.

 

The total Net FAAC Allocation to Local GovernmentsCouncils stood at N1.64trn in 2019, Lagos and Kano States received the highestallocation of N104.97bn and N92.16bn respectively in 2019 while Bayelsa andGombe States received the least allocation of N18.99bn and N23.80bn inrespectively.

 

Click Here to Download 2019FAAC Series PDF Report


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  2. FAAC Disburses N650.83bn in December 2019 - NBS
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