Breaking: N1,088.783 Trillion Released As Federation Allocation For The Month Of November

Social sharing

🟢 Federal, State and Local Government Are Direct Beneficiaries

20231215 221231

The sharing goes this way: Federal Government-N402.867 billion, States -N351.697 billion, Local Government Councils -N258.810 billion, and the Oil Producing States -N75.410 billion as Derivation!

The Federation Account Allocation Committee (FAAC) has shared the sum of N1,088.783 trillion naira to the three tiers of government as Federation Allocation for the month of November.


The amount was derived from a gross total of N1.62 trillion naira as gathered by our correspondents.

The breakdown of the allocation shows that the Federal Government received N402.867 billion, the States received N351.697 billion, the Local Government Councils received N258.810 billion, and the Oil Producing States received N75.410 billion as Derivation.

This will help to fine-tune the missing part of government at the federal, states and local government councils mostly as the Christmas season and New year holidays are fast approaching.

The usage will be the challenge because in some states the LGA funds are not directly remitted to the LGA account. Sometimes, the huge money released by FAAC got missing without proper accountability.

But since, the Federal Government received N402.867 billion, the States received N351.697 billion, the Local Government Councils received N258.810 billion, and the Oil Producing States received N75.410 billion as Derivation, it behooves on same government administrations to handle it judiciously.

-Princely Onyenwe reporting

For inquiries on this news contact 9News Nigeria @08036856526

Leave your comment on this post

THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN

WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.

Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi

The economic crisis and hardship in Nigeria are parts of the discussion.


Watch, leave your comments, and share to create more awareness on this issue.


#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com

Leave your comment

Click on the link below or Scan the QR Code to join the 9News Nigeria WhatsApp Channel

9News Nigeria Investigative Reports WhatsApp Channel
9News Nigeria Investigative Reports WhatsApp Channel
About Princely Onyenwe 2448 Articles
Princely Onyenwe A seasoned Investigative Journalist, Civil Rights Activist, and Political Analyst, Currently Editor and News reporter with 9News Nigeria www.9newsng.com www.facebook.com/9newsng