Lagos, Akwa Ibom highest beneficiaries as states, local governments share N2.6 trillion in 2016
A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N2.6 trillion from the Federation Account in 2016 in spite of the prevailing economic recession. In an elaborate investigation by the Economic Confidential, an intelligence economic magazine, the total figure was payment made to the two tiers of government between January and December 2016 at the monthly meeting of the Federation Account Allocation Committee (FAAC). In the report, Lagos State is ranked first as the highest recipient of…
Read More