The Katsina State government has received a whopping total sum of N15.39bn from the Federation Account Allocation Committee (FAAC) as its share in the first quarter of 2019 – from January to March, according to an NGO, budgiT.
Katsina Post also learned that according to an NGO, N966.45m was deducted from the said amount.
Deductions are mainly repayments for bonds, loans and other obligations taken by the state governments.
Recall that the FAAC has disbursed N1.92 trillion to three tiers of government in the first quarter of 2019, according to the National Bureau of Statistics (NBS).
FAAC The NBS said this in FACC monthly allocation for January, February, and March 2019 Disbursement statistics published on its website and analyzed by the News Agency of Nigeria (NAN) on Monday in Abuja.
The bureau said FAAC disbursed N649.19 billion to the three tiers of government in January 2019; N660.37 billion in February while the sum of 619.86 was distributed to the three tiers in March.
Out of the N1.92 trillion, the Federal Government got N803.18 billion in the quarter, states received N530.14 billion while the local governments received N398.43 billion.