Data collated from different reports of the National Bureau of Statistics showed that in January 2022, the FAAC disbursed N766.47bn to the three tiers of government. This was from the total revenue generated in December 2021. In February 2022, the FAAC disbursed the sum of N692.86bn to the three tiers of government from the total revenue generated in January 2022. Figures for March 2022 showed that the FAAC disbursed the sum of N722.38bn to the three tiers of government from the total revenue generated in February 2022. Cumulatively, the sum of N2.18trn was disbursed by the FAAC to the three arms of government in the first three months of 2022.

Source: Punch July 11, 2022 03:48 UTC