{"id":34520,"date":"2019-09-09T14:25:35","date_gmt":"2019-09-09T13:25:35","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=34520"},"modified":"2019-09-09T14:25:35","modified_gmt":"2019-09-09T13:25:35","slug":"faac-disburses-n3-842tr-in-first-half-of-2019-neiti","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/faac-disburses-n3-842tr-in-first-half-of-2019-neiti\/","title":{"rendered":"FAAC Disburses N3.842tr In First Half Of 2019 \u2014NEITI"},"content":{"rendered":"

The\u00a0Nigerian Extractive Industries Transparency Initiative, on Monday, revealed that the three tiers of government shared the sum of\u00a0N3.842 trillion in the first half of 2019.<\/p>\n

According to the NEITI quarterly review shared on it verified Twitter handle, the Initiative revealed that the\u00a0Federal Government received N1.599 trillion; states received N1.335 trillion and Local Governments received N792 billion from the\u00a0Federation Account Allocation Committee.<\/span><\/p>\n

Some of the highlights of the NEITI review include, \u201cTotal FAAC disbursements in the second quarter were N1.913 trillion, the lowest since Q4 2017.<\/p>\n

\u201cTotal FAAC disbursements in H1 2019 were 2.61 per cent lower than in the first half of\u00a0 2018 and 37.79 per cent higher than in the first half of 2017;<\/p>\n

\u201cNet monthly FAAC disbursements to states in H1 2019 ranged between N1.51 billion and N19.32 billion;<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cOnly nine states had net FAAC disbursements in H1 2019 higher than in H1 2018;<\/p>\n

\u201cDelta State not only moved from fourth highest recipient in H1 2017 to the first in H1 2018 but also maintained the lead in H1 2019.\u201d<\/p>\n

Part of the review showed\u00a0that revenue in 2018 increased over the 2017 figures. However, such improvements have not been sustained so far in 2019, as revenue in first half of 2019 was slightly lower than the first half of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0Nigerian Extractive Industries Transparency Initiative, on Monday, revealed that the three tiers of government shared the sum of\u00a0N3.842 trillion in the first half of 2019.<\/p>\n","protected":false},"author":6,"featured_media":17700,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,4648],"tags":[629],"coauthors":[2391],"class_list":["post-34520","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-op-ed","tag-neiti"],"yoast_head":"\nFAAC Disburses N3.842tr In First Half Of 2019 \u2014NEITI - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/faac-disburses-n3-842tr-in-first-half-of-2019-neiti\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAAC Disburses N3.842tr In First Half Of 2019 \u2014NEITI - 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