Federation Account Allocation Committee (FAAC)
(Disbursement Series 2018)
The Federation Account Allocation Committee (FAAC) disbursed the sum of N3.19trn to the Federal Government of Nigeria in 208 while states received a total of N2.57trn within the period under review.
The amount disbursed to the FGN comprised of N2.8trn as Net Statutory Allocation, N156.98bn as Valued Added Tax (VAT), N10.66bn as NNPC refund to FG and the distribution of N128.41bn from the FOREX equalisation fund.
Delta and Akwa Ibom States received the highest allocation of N213.63bn and N202.37bn respectively in 2018 while Osun and Cross River States received the least allocation of N22.84bn and N36.95bn in that order.
Data source: National Bureau of Statistics