The federal, states and local governments in the country shared a total sum of N3.95 trillion from the Federation Account in the first half of 2018.

The Nigeria Extractive Industries Transparency Initiative (NEITI) gave the figures in the latest edition of its NEITI Quarterly Review released on Monday in Abuja.

It stated that the figures represented an increase of 41 percent over the N2.79 trillion disbursed in the first half of 2017 and a 95 percent increase over the N2 trillion disbursed in the first half of 2016.

NEITI reported that of the N3.95 trillion, the Federal Government received N1.65 trillion; States got N1.38 trillion while Local Governments shared N795 billion.

The agency reported further that the lowest monthly figure of N635.6 billion disbursed in the first half of 2018 was N121.4 billion higher than the highest monthly figure totalling N514.2 billion disbursed in the first half of 2017 and N218 billion higher than the highest monthly N417 billion shared in the first half of 2016.

According to the agency, the figures clearly indicate that revenue that accrued to the Federation in the first half of this year was higher than the revenues in the previous two years.

NEITI disclosed further that total FAAC disbursements in the second quarter of this year were 46% higher than the figure for the same period last year and 127% higher than the figure for the same period in 2016.

This is even as the report showed that while N2 trillion was shared in the second quarter of this year, N1.38 trillion was disbursed during the same period last year and only N886.38 billion was shared in the second quarter of 2016.

NEITI reported that Q2, 2018 was the first time an amount in excess of N2 trillion was disbursed since Q3, 2014.