Again, staggering N920bn unexplained as NBS, FAAC release conflicting February disbursement figures

Again, two critical government components, the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) have released conflicting reports on the actual amount disbursed to the three tiers of government for the month of February 2024.

While the NBS in its Federation Account Allocation Committee February 2024 Disbursement report stated that FAAC disbursed the sum of ₦2.07 trillion to the three tiers of government in February 2024 from the total revenue generated in January 2024″ FAAC on the other hand said it “shared N1.152.trn to the three tiers of government for February 2024 from a gross total of N2,326.14trn”.

This leaves a discrepancy of an unexplained N920bn in the figures released by both agencies.