the Nigeria Extractive Industries Transparency Initiative has stated that the Federation Accounts Allocation Committee has disbursed 3.473Trillion Naira to the federal, state and local government in the second quarter (Q2) of 2024.

This reflects an increase of N46.77bn which is 1.42 percent compared to the first quarter of 2024.

This was disclosed by the agency’s Assistant Director, Communications and Advocacy, CHRIS OCHONU, in a statement released on Monday, noting that these figures are part of NEITI’s latest Quarterly Report on Federation Account Revenue Allocations for Q2 2024.

CHRIS OCHONU said the Federal Government received 1.102 Trillion Naira, representing 33.35 percent of the total allocation while 36 states received 1.337 Trillion Naira and the 774 local government councils shared 864.98 Billion Naira.

He added that nine oil-producing states received 169.26Billion Naira as their derivation share from mineral revenue.