The Federation Accounts Allocation Committee, FAAC, has shared N3.879 trillion to the Federal Government, states, local government areas, and other statutory recipients in the first half of 2020.
The information and data was contained in the latest edition of the quarterly review of the Nigeria Extractive Industries Transparency Initiative, NEITI, released on Tuesday in Abuja
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
FAAC disbursements in the second quarter of 2020 stood at N1.934 trillion. This was made up of N739.2 billion to the Federal Government, N629.3 billion to state governments, and N375.4 billion to the 774 local government areas.
The report, however, noted that disbursements in Q2 2020 were 1.09% higher than total disbursements in Q2 2019 and 3.66% lower than the one for Q2 2018.