
FAAC: FG, States, Others Share ₦3.88trn In 6 Months
The Federation Accounts Allocation Committee (FAAC) shared ₦3.879trillion to the federal government, states, local government areas in the first half of 2020.
This was contained in the quarterly report on the review of the Nigeria Extractive Industries Transparency Initiative (NEITI) released on Tuesday.
A breakdown showed that ₦1.53trillion went to the federal government, ₦1.29trillion to states and ₦771.34billion to 774 LGAs.
FAAC disbursements in the second quarter of 2020 stood at ₦1.934 trillion.
Read Also: FAAC: FG, States, LG Share ₦635.8bn [See Breakdown]
The federal government got ₦739.2billion, ₦629.3billion went to state governments, and N375.4billion to 774 LGAs.
The Q2 …