OrderPaperToday – The 3 tiers of government in the first half of 2018 shared over N3.95trillion.

This is according to the quarterly report of Nigeria Extractive Industries Transparency Initiative (NEITI), which shows that the disbursement made by Federal Accounts Allocation Committee (FAAC) increased by 41% when compared to 2017 allocation within the same period.

According to the report, the federal government received N1.65trillion, while the 36 states received N1.3trillion and the 774 local governments got N795billion.

Four oil producing states of Delta, Akwa Ibom, Rivers and Bayelsa top the list with N101.19bn, N100.20bn, N85.01 and N77.14bn respectively.

While Osun state ranks at the bottom of the list with allocation of N10.24bn, and closely followed by Cross River and Ekiti states.

The report also showed a 35% increase in Value Added Tax (VAT) disbursement over the period the report covered.


Please enter your comment!
Please enter your name here