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5 Nigerian states with the highest revenue share in the first half of 2019

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-Delta, Akwa Ibom, Bayelsa, Rivers and Lagos states received the bulk of federal revenue in the first half of 2019.

– An analysis of FAAC disbursements for H1 2019 showed that the three tiers of government shared a total of N3.842 trillion.

– Here’s a look at how much each of the five Nigerian states received during the period

Five
Nigerian states received highest disbursement from the federal
allocation in the first half of 2019, according to an analysis by Nigeria Extractive Industries Transparency Initiative (NEITI).

The
analysis of FAAC disbursements for H1 2019 showed that the three levels
of governments shared a total disbursement of N3.842 trillion.

The
figure was 2.61% lower than the N3.946 trillion disbursed in the first
half of 2018 but 37.79% higher than the N2.788 trillion disbursed in the
first half of 2017.

According to the report, the Federal
Government (FG) received the highest revenue, followed by state
governments, with local governments receiving the lowest revenue.

Out
of the N3.842 trillion generated in the first half of 2019, the federal
government received N1.599 trillion, representing 41.61% of the total
amount disbursed.

Furthermore, the state governments received
N1.335 trillion as a share of the national revenue while local
governments received N792 billion.

Business Insider SSA looks at five Nigerian states with the highest revenue share within the period:

Delta

H1 2019: N108.7 billion

Akwa Ibom

H1 2019: N 86.12 billion

Rivers

H1 2019: N75.84 billion

Bayelsa

H1 2019: N66.76 billion

Lagos

H1 2019: N58.1 billion

Source:- Pulseng

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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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