See How Much FG, States Shared In 9 Months
More money is flowing into government coffers following the recovery in global oil prices and improvement in tax revenue.
Between January and September this year, the three tiers of government – federal, state and local governments shared a total of 4.55 trillion naira as disbursements from the Federation Accounts Allocation Committee.
This is according to the latest quarterly report of the Nigerian Extractive Industries Transparency Initiative, NEITI.
In the document published on Wednesday - of the 4.55 trillion naira that was shared in the review period - 1.76 trillion naira was disbursed in the third quarter as against the 1.38 trillion naira and 1.41 trillion naira shared in the second and first quarters respectively.
It also showed that between January and September, the Federal Government received the highest allocation of 1.85 trillion naira, followed by state governments with 1.51 trillion naira and the 774 local governments with 913.8 billion naira.
More so, the sum of 271.78 billion naira went to the Department of Petroleum Resources, Nigeria Customs Service and the Federal Inland Revenue Service as costs of revenue collection.
Further analysis showed that the revenue shared to the federating units were higher in the third quarter, a situation that has been the pattern in the last couple of years.
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