Nigeria governments share N5.9trn in 2017

A new report by the Economic Confidential has shown that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N5.9 trillion from the Federation Account in 2017 in spite of the economic recession witnessed during the period.

While the federal government and its agencies received a total sum of NN2.5 trillion, the other tiers of government shared N3.3 trillion.

The total allocation of N3.3 trillion to states and their local government councils is N700 billion above the N2.6 trillion they received in the previous year of 2016.

In its annual detailed investigative report with a table of figures, the Economic Confidential disclosed that among the state recipients, Lagos was ranked first as the highest recipient of gross allocation with a total sum of N201bn in the twelve months of 2017. It is followed by Akwa Ibom State N197billion, Rivers N178 billion, Delta State N175 billion and Kano State N143 billion. The five states cornered over a quarter of the total allocation to the states and local government councils in Nigeria.

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Ihesiulo Grace

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