- VAT disbursements on the increase
- Revenues projected to increase in 2018
- Positive signals on non-oil sectors
The Federation Account Allocation Committee (FAAC) disbursed a total sum of N6.418 trillion in 2017. This showed an increase of 25.8% and 6.8% when compared to total disbursements of N5.1 trillion and N6.011 trillion in 2016 and 2015 respectively.
A breakdown of the amount disbursed in 2017 showed that the Federal Government received N2.564 trillion; the 36 States got N1.859 trillion while the 774 local governments shared N1.502 trillion.