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FAAC Shared N8.15trn To FG, States, LGAs In 2019, NEITI Confirms

No fewer than N8.15trillion was shared between the Federal, States, Local Governments and other statutory recipients by the Federation Accounts and Allocation Committee (FAAC) in 2019, the Nigeria Extractive Industries Transparency Initiative (NEITI) has confirmed.
This figure is N377billion or 4.42 per cent lower than the 2018 figure of N8.524trillion but N1.728trillion or 26.92 per cent higher than the total disbursements of N6.419trillion made in 2017.
Out of this amount, the Federal Government received N3.37trillion, representing 41.4 per cent of total disbursements; the 36 states got N2.761trillion (33.9 per cent) while the 774 local governments shared N1.649trillion (20.2 per cent) of the total disbursements.
The information and data are contained in the latest edition of the NEITI Quarterly Review released in Abuja, yesterday, by the Nigeria Extractive Industries Transparency Initiative.
The Director, Communications & Advocacy, Dr. Orji Ogbonnaya Orji, disclosed these in the statement issued in Abuja.
The publication, which examined FAAC Disbursements to the Federal, States and Local governments in 2019, compared the disbursements of the previous years and made projections for the year 2020.
From the publication, and in line with the revenue sharing formula, the Federal Government received the highest disbursements from FAAC while local governments got the lowest.
It further disclosed that revenue shared to the three tiers of government in the two previous years 2018 and 2017 followed the same pattern.
“For 2018, total disbursements to Federal Government, states, and local governments were N3.483trillion, N2.850trillion, and N1.667trillion, respectively. For 2017, disbursements were N2.563trillion to Federal Government, N1.859trillion to states, and N1.502trillion to local governments”.
A comparative analysis of the disbursements made by FAAC to the federation in 2019 as against the sharing in the two previous years of 2017 and 2018 shows that the total disbursements to the Federal Government in 2019 were 3.08 per cent lower than the disbursements in 2018, but 31.69 per cent higher than those in 2017.
Also, while the disbursements to the states in 2019 were 3.12 per cent lower than those in 2018, they were 48.54 per cent higher than those in 2017. The scenario was the same for the local governments in 2019, as their disbursements were 1.08 per cent lower than those in 2018, but 9.75 per cent higher than what was recorded in 2017.
The NEITI Quarterly Review compared total FAAC disbursements between 2013 and 2019 and revealed that, “The total disbursements fell in three consecutive years from 2013 to 2016. Thereafter, total disbursements increased until 2018. However, the increase in total disbursements stopped in 2019, as there was a decrease in 2019 over 2018 figures”.
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