- Combined Net FAAC Allocations for 2017 and 2018 Inadequate to Fund 2019 Budgets of 35 states
- Total Revenues to States for 2017 & 2018 Inadequate to Fund 2019 Budgets 0f 28 States.
- Disbursements Dropped Below N2trillion First Time Since Q2 2018.
The fall in oil prices slightly affected government earnings in the first quarter of 2019, as Federation Allocation Account Committee (FAAC) disbursed N1.929trillion between January and March this year. The figure indicates a 0.45% decline from the N1.938trilion disbursed for the same period in 2018, but 36.7% higher than the N1.411trillion disbursed in the corresponding period in 2017.