Theledgerng.com can now confirm that Abia State Government received a little
Over N100 billion from the Federal Government in 2017
The State received N69,806,564,590.45 from the Federation Account in 2017, being receipts for the monthly allocations to States.
In addition, it received bailout fund of N14.2 billion, and N10.6 billion and N5.7 billion as receipts from the Paris Club loan refund.
According to the Economic Confidential magazine, the Federal Government, 36 states and the 774 local government councils in Nigeria shared a total sum of N5..9 trillion from the Federation Account in 2017 in spite of the economic recession witnessed during the period.
While the Federal Government and its agencies received a total sum of NN2.5 trillion while the other tiers of government shared N3.3 trillion..
The total allocation of N3.3tr to States and their Local Government Councils is N700 billion above the N2.6 trillion they received in the previous year of 2016.
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