Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Delta, A’Ibom, Rivers, Bayelsa share N364bn in six months — NEITI

    Delta, A’Ibom, Rivers, Bayelsa share N364bn in six months — NEITI

    September 11, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp

    Ike Amos

    11 September 2018, Sweetcrude, Abuja — Delta State, Akwa Ibom, Rivers, and Bayelsa state governments received a total of N364.25 billion from the federation account in the first six months of 2018, according to data released yesterday by the Nigeria Extractive Industries Transparency Initiative, NEITI.

    NEITI, in its Quarterly Review, titled, ‘Highlights of Federation Account Allocation Committee, FAAC, disbursement in the second quarter and half year 2018’, disclosed that receipts by the four states accounted for 9.23 percent of total disbursements of N3.946 trillion recorded in the first half of 2018.

    According to the NEITI, Delta State, received the highest allocation of N101.19 billion in the six-month period, followed by Akwa Ibom with N100.2 billion; Rivers State with N85.01 billion, while Bayelsa received N77.14 billion.

    In addition, Lagos received N59.52 billion, Kano N39.88 billion, Edo N32.88 billion, Kaduna N32.86 billion, Ondo N30.96 billion and Borno N30.04 billion.

    On the contrary, the report disclosed that 10 states with the least federation allocation received a total of N189.45 billion.

    Osun State received the least allocation in the six-month period with N10.24 billion, while Cross River, Ekiti, Zamfara and Ogun states received N17.13 billion, N17.92 billion, N18.64 billion, N18.79 billion respectively.

    Others include Plateau, Gombe, Kwara, Ebonyi, and Taraba, with the allocation of N20.6 billion, N20.64 billion, N21.39 billion, N21.61 billion and N22.49 billion respectively.

    The report further stated that total FAAC disbursements in the first half of 2018 stood at N3.946 trillion, rising by 41.4 percent compared to N2.788 trillion disbursed in the first half of 2017 and 95.4 percent higher than the N2.019 trillion disbursed in the first half of 2016.

    “Thus, the disbursements in the first half of 2018 were almost double the disbursements in the first half of 2016. The breakdown of the data reveals that in the first half of 2018, the Federal Government received N1.652 trillion, which made up 41.8 percent of the total amount disbursed; the states got N1.375 trillion, representing 34.8 percent of the total; while N795 billion was disbursed to the LGAs, representing 20.1 percent of the total.”

    Related News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    Afreximbank launches 2025 Report on African trade

    Ghana approves $2.8bn debt relief deal with creditor nations

    E-book
    Resilience Exhibition

    Latest News

    NNPC raises alarm over sabotage campaign targeting leadership, reforms

    June 27, 2025

    WTO hails Nigeria Customs as continental model for trade facilitation

    June 27, 2025

    Renaissance Africa Energy unites 500 CEOs to advance Nigeria’s oil & gas growth

    June 27, 2025

    Customs seizes N3.6Bn illegal export in Owerri 

    June 27, 2025

    Seafarers’ Day: Minister launches NIMASA maritime labour e-platform

    June 27, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.