A fresh report has revealed that the Delta state government received one hundred and thirteen billion naira as federal allocation from the Federation Account for the year 2018.
The report also revealed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N8trillion from the Federation Account in 2018.
Naija News understands that the allocations were made after the monthly meetings of the Federation Account Allocation Committee (FAAC) in 2018. The current sources of revenue flow into the Federation Account are collected by agencies of the Federal Government with little or no contributions from state or local government council.
Economic Confidential, an intelligence economic magazine, released the report on Tuesday, April 22, 2019.
According to the report, the Delta state received a total of N285,517,983,907 as federal allocation from the Federation Account for the year 2018.
Below is the breakdown…
Delta State allocation for the year 2018
January – N22,369,135,399
February – N21,973,841,222
March – N23,217,044,868
April – N23,398,673,271
May – N23,263,759,656
June – N23,521,097,328
July – N21,621,465,523
August – N22,727,682,651
September – N24,306,571,099
October – N26,084,014,077
November – N26,344,158,352
Total – N285,517,983,907.
Click HERE to check 2018 FAAC allocation for all states.