ederal, states and local governments shared N3.95 trillion from the Federation Account within the first half of this year.

The disbursements made by the Federation Accounts Allocation Committee (FAAC) represented an increase of 41% when compared to the N2.79 trillion disbursed in the first half of 2017 and a 95% increase in the N2trillion disbursed in the first half of 2016.

The analysis is contained in the latest edition of the NEITI Quarterly Review published by the Nigeria Extractive Industries Transparency Initiative (NEITI) on Monday.

A breakdown of the disbursements showed that the Federal Government received N1.65 trillion, states received N1.38 trillion while local governments got the least share of N795billion...continue...

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