State – by – state breakdown of the FAAC allocations in 2017 showed that Akwa Ibom State received the highest share of 143.6 billion, followed by Rivers State with a total allocation of N119.6 billion. Delta State came third with a total allocation of N111.2 billion in 2017, while Bayelsa State got N105.3 billion to take the fourth position. On the other hand, Osun State received N10.4 billion to take the lowest position of FAAC within the year under review. NEITI review of FAAC allocations shows that the third quarter of 2017 recorded highest revenues of N1.929 trillion, while second quarter recorded the lowest revenues of N1.377 trillion. The NEITI review also revealed that revenue disbursements from Value Added Tax has been on the increase since 2015. The increase is an indication of a positive signal in recognition of the government’s plan towards the development of non-oil sectors through sustained revenue generation from services. According to the NEITI publication, “VAT disbursements in 2017 were N967.7 billion and N811 billion in 2016. This represented an increase of 19.3% in 2017 over the figures for 2016. Also, total VAT disbursements in 2015 were N778.7 billion. “This represented an increase of N188.9 billion (24.3%) over the 2015 figures.” From the review, the 36 states received the highest share of VAT revenues of N464.5 billion in 2017, followed by N325.1 billion shared among the 774 local governments, while the Federal Government received the lowest share from VAT proceeds with N139.3 billion. This is on the account of the fact that states take 50% of VAT, while LGAs and the Federal government take 35% and 15%, respectively. The NEITI review explained the connection between FAAC disbursements and Nigeria’s exit from recession in 2017. The report also attributed this development to increased revenues from oil and gas sector as a result of rising oil prices and improved crude oil production due to stability in the Niger Delta. On Paris Club loan refunds, the review disclosed that the 36 states received N760.18 billion. The refunds were released in two batches of N516.38 billion and N243.79 billion respectively. A breakdown showed that Rivers State got the highest amount of N44.925 billion while Gombe State received the lowest sum of N13.4 billion.