Between January and May this year, the three tiers of government got the sum of N3.14tn as allocation from the federation account.
The amount was allocated by the Federation Account Allocation Committee to the federal, states and local governments.
The committee, which is headed by the Minister of Finance, is made up of commissioners of finance from the 36 states of the federation; the Accountant General of the Federation, Mr Ahmed Idris, and representatives from the Nigerian National Petroleum Corporation.
Others are representatives from the Federal Inland Revenue Service, the Nigeria Customs Service; Revenue Mobilisation, Allocation and Fiscal Commission as well as the Central Bank of Nigeria.
Source: Punch Newspaper
