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FAAC:FG, States And LGs Shared N7.42 Trillion In 2018 - Politics - Nairaland

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FAAC:FG, States And LGs Shared N7.42 Trillion In 2018 by GoodGovernance: 11:11pm On Feb 06, 2019
-Totals: FG-N3.19 Trillion; States-N3.57 Trillion; LGs-N1.66 Trillion

-Delta got the highest for states at N213.63 Billion, followed by Akwa Ibom, at N202.36 Billion

-Osun got the lowest for states, at N22.63 Billion

-Alimosho, in Lagos, got the highest for local governments, at N8.16 Billion

-Ifedayo in Osun State, got the lowest for local governments, at N1.28 Billion



Statistical data obtained by Financial Digest, from the National Bureau of Statistics, indicated that a total sum of N 7,416,227,076,177.72, was shared by the three tiers of government, in the year 2018.

The Federation Account Allocation Committee (FAAC) disbursed the sum of N3.19trn to the Federal

Government of Nigeria, while states received a total of N2.57trn and the 774 local government received a total ofN1.66trillion.

The amount disbursed to the FGN comprised of N2.8trn as Net Statutory Allocation, N156.98bn as ValuedAdded Tax (VAT), N10.66bn as NNPC refund to FG and the distribution of N128.41bn from the FOREX equalisation fund.

Delta and Akwa Ibom States received the highest allocation of N213.63bn and N202.37bn respectively, while Osun and Cross River States received the least allocation of N22.84bn and N36.95bn in that order.




Demand accountability,get the details for your state and local government at source:



https://www.financialdigest.com.ng/blog/2019/02/06/fg-states-and-lgs-shared-n7-42-trillion-in-2018/
Re: FAAC:FG, States And LGs Shared N7.42 Trillion In 2018 by Nfora: 5:54am On Feb 07, 2019
So what do local governments do with our money?
I understand they too have security vote,hmm...

1 Like

Re: FAAC:FG, States And LGs Shared N7.42 Trillion In 2018 by helinues: 6:01am On Feb 07, 2019
Na so so share we dey here
Re: FAAC:FG, States And LGs Shared N7.42 Trillion In 2018 by Nfora: 7:44am On Feb 07, 2019
angry Where is our own share?

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