BusinessDay
Nigeria's leading finance and market intelligence news report.

Nigerian states share N9trn in 4 years, yet some owe salaries

… Delta, Akwa Ibom, Rivers top recipients

Nigeria’s Federal Accounts Allocation Committee (FAAC) has doled out in excess of N9.13 trillion to states in the past four years, BusinessDay can disclose. Year-on-year (yoy) FAAC distribution data obtained from the National Bureau of Statistics (NBS) also disclosed three South-South states – Delta, Akwa Ibom and Rivers as recipients of the larger portion of…

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