Federal, state, local govts get N3.84trn allocations in six months – NEITI
September 9, 2019602 views0 comments
The three tiers of government drew about N3.84 trillion as statutory allocations from the federation account between January and June this year, the Nigerian Extractive Industries Transparency Initiative (NEITI) said in its latest Quarterly Review.
The report released on Sunday in Abuja showed about N1.599 trillion went to the federal government, about N1.335 trillion to the 36 states, while the 774 local governments shared N792 billion.
During the same period, the transparency agency said the allocations to nine states, representing 25 per cent of the net disbursements to states, were higher than their allocations in the corresponding period of 2018.
The report examined ‘‘FAAC Disbursements to the Federal, States and Local governments for the first half of 2019.”
NEITI said the total disbursement of N3.84 trillion was slightly lower than the N3.94 trillion disbursed during the same period in 2018. However, it was higher than the N2.78 trillion disbursed in the first half of 2017.
Also, the total FAAC disbursements in the second quarter of 2019 were the lowest since the fourth quarter of 2017.
“The quarterly FAAC disbursements from the first quarter of 2013 to second quarter of 2019 showed total disbursement of N1.913 trillion in the second quarter of 2019 was the lowest since the fourth quarter of 2017 when N1.7 trillion was disbursed.
The spokesperson of NEITI, Ogbonnaya Orji, said total disbursements in the three quarters of 2018 was above N2 trillion.
The NEITI Quarterly Review combined new data for the 2019 second quarter with previously examined data for the 2019 first quarter.
It showed an increase in revenue in the first half of 2018 and 2017, which were not sustained in 2019. Revenues from the Federation Account in the first half of this year were slightly lower.
Mr Orji said the N3.84 trillion shared in the first half of the year was about 2.6 per cent lower than the N3.946 trillion disbursed in the first half of last year, but 37.8 per cent higher than the N2.8 trillion disbursed in the first half of 2017.