A new report has revealed that the Benue state government received one hundred and thirteen billion naira (N113, 165, 909, 788) as federal allocation from the Federation Account for the year 2018.
Concise News understands that the report also reveals that the 36 states and the 774 local government councils in Nigeria shared a total sum of N8trillion from the Federation Account in 2018.
The allocations were made after the monthly meetings of the Federation Account Allocation Committee (FAAC) in 2018. The current sources of revenue flow into the Federation Account are collected by agencies of the Federal Government with little or no contributions from state or local government council.
Economic Confidential, an intelligence economic magazine, released the report on Tuesday, April 22, 2019.
According to the report, Benue state received a total of N113,165,909,788 as federal allocation from the Federation Account for the year 2018.
Below is the breakdown of Benue State allocation for 2018
January – N9,011,765,860
February – N8,783,348,364
March – N8,864,922,449
April – N8,703,995,844
May – N9,324,784,199
June – N9,266,044,924
July – N10,023,813,105
August – N9,486,948,333
September – N9,820,203,113
October – N9,521,174,909
November – N9,907,141,947
Total – N113,165,909,788.