FAAC Distributions: South South states have received over ₦10.8 trillion — one-third of the total net allocation — combined since 2011

Since 2011, over ₦32.8 trillion has gone to Nigeria’s state governors from the Federation Account Allocation Committee (FAAC). States from the South East have received ₦3.3 trillion combined, the least nationwide.

This fund allocation is to ensure that all levels of government have the necessary funds to meet their financial obligations and to provide public services.

Source:

National Bureau of Statistics

<div style="text-align: center;"><a href="https://intelpoint.co/insights/faac-distributions-south-south-states-have-received-over-%e2%82%a610-8-trillion-one-third-of-the-total-net-allocation-combined-since-2011/" title="FAAC Distributions: South South states have received over ₦10.8 trillion — one-third of the total net allocation — combined since 2011"><img src="https://intelpoint.co/wp-content/uploads/2024/07/Nigerias-FAAC-allocations-by-geopolitical-region-since-2011-net-1-scaled.webp" style="width: 80%; height: auto; max-width:960px;-ms-interpolation-mode: bicubic; margin: 0 auto; display: block;" alt="Chart: FAAC Distributions: South South states have received over ₦10.8 trillion — one-third of the total net allocation — combined since 2011"/></a><br><span>Find more insights at <a href="https://intelpoint.co/insights?utm_source=Insight%20Embed&utm_medium=HTML&utm_campaign=FAAC+Distributions%3A+South+South+states+have+received+over+%E2%82%A610.8+trillion+%E2%80%94+one-third+of+the+total+net+allocation+%E2%80%94+combined+since+2011" target="_blank" style="color: #4f9acc; text-decoration: none;">Intelpoint</a>.</span></div>Copied to clipboard!

Period:

2011 - Q2 2024

HTML code to embed chart

Want a bespoke report?

Reach out

Related Insights

Nigeria’s manufacturing output ($25.4b) in 2024 crashed to 15-year low

Manufacturing hit a record $64.90b in 2022, after steady growth from 2016.
Output fell 55% to $25.36b in 2024, the worst one-year drop since 1999.
Military-era lows: Slumped from $33.33b (1981) to $8.08b (1989).
Democratic rebounds: Output grew from $9.62b (1999) to $55.33b (2014), and from $35.12b (2016) to $64.90b (2022).

Sudan faced the most severe economic contraction among African nations in 2024, with a real GDP decline of -13.49%

Sudan recorded the steepest GDP decline in Africa in 2024 at -13.49%.
Botswana’s economy contracted by -2.99%, the second-worst on the continent.
Libya was the only other country in the bottom 10 with negative growth at -0.61%.
South Africa, with 0.58% growth, continues to struggle with low economic momentum.
Sao Tome & Principe and Equatorial Guinea both recorded growth below 1%.
Despite being Africa’s largest economy, Nigeria’s 3.43% growth places it closer to underperforming countries than to the continent’s fastest risers.

While Rwanda saw the highest growth in 2024's real GDP, West African nations showed great performance, as 6 nations made the top 10 list

Rwanda recorded the highest GDP growth in Africa in 2024 at 8.89%.
Six out of the top ten fastest-growing economies in Africa are from West Africa.
Niger and Benin posted impressive growth rates of 8.42% and 7.45% respectively.
Nigeria, one of Africa’s biggest economies, had a growth rate of 3.43%, below countries like Senegal and Cabo Verde.

Côte d'Ivoire’s FDI sees dramatic turn in 2024, jumping to $3.8B, over two times 2022 levels and its highest since 1990

Côte d'Ivoire attracted $3.80 billion in FDI in 2024, its highest annual inflow ever recorded, more than double 2022’s $1.6 billion.
Between 1990 and 2016, its FDI remained mostly below $1 billion annually, only beginning to surge from 2017 onwards.
The country crossed the $1 billion mark for the first time in 2021, signalling increased investor confidence and macroeconomic improvements.
Over the last three years (2022–2024) alone, Côte d'Ivoire drew in $7.89 billion in FDI, accounting for over 40% of total inflow since 1990.

Ethiopia’s FDI inflows rose from $10M in the 1990s to $3.98B in 2024, with its sharpest growth phase recorded from 2014–2016

Ethiopia recorded a total of $46.43 billion in foreign direct investment between 1990 and 2024.
Its annual FDI inflows surged from just $10 million in 1990 to $3.98 billion in 2024, reflecting massive investor interest over time.
The country experienced three major FDI booms in 1997–2004, 2011–2014, and 2015–2016, driven by policy reforms and industrial expansion.
After a pandemic-era dip in 2020, Ethiopia rebounded strongly in 2021 with $4.26 billion in inflows, maintaining high investment momentum through 2024

Cars lead in road traffic crashes, while luxury bus accidents surge by 466.7% over four years

Cars were involved in the highest number of road accidents, recording 665 cases over the four-year period.
Luxury buses and bicycles recorded the highest quarter-on-quarter (QoQ) growth in accident involvement.
Tankers, cars, and motorcycles saw the sharpest QoQ declines, with accident rates falling by 47.2%, 30.6%, and 24.7% respectively.