FG, states, local gov’ts shared N3.88trn in H1 2020

Hard time beckons as FG admits revenues crashing

The Federation Accounts Allocation Committee (FAAC) shared N3.879 trillion to the Federal Government, states, local government areas and other statutory recipients in the first half of 2020. A breakdown of the disbursements showed that N1.53 trillion went to the Federal Government, while the states got N1.29 trillion and the 774 local government areas received N771.34 billion The information and data are contained in the latest edition of the quarterly review of the Nigeria Extractive Industries Transparency Initiative (NEITI) released today in Abuja. The NEITI Quarterly Review reports that the N1.53trillion…

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