The Federal Government of Nigeria, States and Local Government Councils shared N7.23trillion from the Federation Account in 2020.
The asset involves assortments by income generators, including Nigeria Customs Service (NCS) Department of Petroleum Resources (DPR) and Federal Inland Revenue Service (FIRS).
Consistently, the Federation Account Allocation Committee (FAAC), chaired by the Minister of State for Finance, meets with State Commissioners of Finance for payment.
In 2020, while the Federal Government and its organizations got N3.04trillion, States and LGs got N4.18trillion.
The N4.18trillion is N232billion lesser than the N4.4trillion the two levels got in 2019.
In a report by Economic Confidential, Lagos is positioned the most elevated beneficiary with an amount of N299billion in a year.
Delta got N247billion, Akwa Ibom N212billion, Rivers N198billion and Kano N174billion. The five states got 25% of complete allocation.
Other states in top 10 were Bayelsa N152billion, Katsina N130billion, Oyo N127billion, Kaduna N124billion and Borno N115billion.
The least beneficiaries were Gombe N72billion, Ebonyi N73billion, Nasarawa N73billion, Ekiti N74billion and Kwara N77billion.
Edo, Ondo, Cross River, all oil-delivering states, got N99billion, N97billion and N86billion individually.
Variables that impact allocations to states and neighborhood boards incorporate populace, induction, land mass, income age drive, school enrolments, wellbeing offices, water supply, among others