- Revenues in first half of 2017 49% lower than budgeted figures
- Total FAAC disbursements N1.757 trillion in 3rd quarter of 2017
Abuja, November, 29th 2017.
The total sum of N4.545 trillion was disbursed as FAAC allocations between January and September 2017. Out of this amount, N1.757 trillion was shared in the third quarter of 2017 as against the N1.377 trillion and N1.411 trillion disbursed in the second and first quarters of the year.
The information is contained in the latest Quarterly Review of the Nigeria Extractive Industries Transparency Initiative (NEITI).