FG, States, LGAs shared N10.14tn from 23.56% revenue rise in 2023, Delta State received highest allocation – NEITI

The media reports that the three tiers of government shared a total sum of N10.143 trillion from the Federation Account as statutory revenue allocations in 2023 according to a report by Nigeria Extractive Industries Transparency Initiative (NEITI)—despite untold economic hardships posed to many Nigerians. A breakdown of the revenue receipts showed that the Federal Government received N3.99 trillion, representing 39.37 percent of the total allocation. In the same vein, the 36 states got N3.585 trillion, representing 35.34 percent, while the 774 local government councils of the federation shared 2.56 trillion equivalent to 25.28 percent, the report said. “State by state share of the allocations showed that Delta state received the largest share of N402.26 billion (gross). The figure is inclusive of the state’s share of oil and gas derivation revenue. Delta was followed by Rivers State which received N398.53 billion. Akwa-Ibom State received the third largest allocation of N293.58 billion. Nasarawa State received the least amount of N73.32 billion while Ebonyi and Ekiti states received N73.91 billion and N74.04 billion respectively,” the report said.