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Share of Federation Accounts Allocation Committee (FAAC) allocation in Nigeria as of 2022, by entity

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Source

Release date

September 2022

Region

Nigeria

Survey time period

2022

Supplementary notes

The currency conversion rate was as of October 4, 2022.

Citation formats

Share of Federation Accounts Allocation Committee revenue in Nigeria 2022, by entity

Published by Zeynep Dierks, Oct 5, 2022
As of 2022, Nigeria's federal government receives the largest share of the Federation Accounts Allocation Committee (FAAC) revenue, at over ** percent. On the other hand, states and local governments receive about ** percent and ** percent of the allocation, respectively. According to the source, oil-producing states obtain revenues higher than non-oil-producing states, as additional derivation funds are given to the former. Overall, more than *** trillion NGN (*** billion U.S. dollars) were distributed across ** states in Nigeria between January and June 2022.
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