Politics Breakdown of How FG, States and LGs Share April 2016 Allocation


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The Minister of Finance, Mrs Kemi Adeosun, yesterday briefed journalists on the April 2016 allocation at the end of the Federation Account Allocation Committee, FAAC, meeting in Abuja.

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The figure represented a decline of about N18.2 billion compared to the N299.74 billion shared last month.

Here is a breakdown on how the fund is been shared among the tiers of government:

1. Federal Government - N110.612 billion

2. States - N82. 663 billion

3. Local governments - N60.904 billion.

4. Oil-producing states - Additional N15 billion in derivation.