FAAC disburses N1.92trn to 3 tiers of govts in 1st quarter ― NBS

The Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in the first quarter of 2019, according to the National Bureau of Statistics (NBS).

The NBS said this in FACC monthly allocation for January, February and March 2019 Disbursement statistics published on its website and analysed by the News Agency of Nigeria (NAN) on Monday in Abuja. The bureau said FAAC disbursed N649.19 billion to the three tiers of government in January 2019; N660.37 billion in February while the sum of 619.86 was distributed to the three tiers in March.

 Out of the N1.92 trillion, the Federal Government got N803.18 billion in the quarter, states received N530.14 billion while the local governments received N398.43 billion. The breakdown showed that the federal government received N270.17 billion in January, N275.33 billion in February and N257.68 billion in March. FAAC, NBS How it went down States received N178.04 billion in January, N182.17 billion and