N400b shared in december by fg states and lgas

You're referring to the N400 billion shared by the Federal Government (FG) among the 36 states and 774 Local Government Areas (LGAs) in December.

To provide some context, the N400 billion is a statutory allocation made by the FG to the states and LGAs as part of the country's revenue sharing formula. This allocation is meant to support the development of the states and LGAs, and is typically disbursed on a monthly basis.

Here's a breakdown of the allocation:

It's worth noting that the allocation is not a fixed amount and can vary from month to month based on the country's revenue performance. Additionally, the allocation is subject to a 13% value-added tax (VAT) deduction, which is retained by the FG.

The allocation is meant to support the states and LGAs in providing essential services such as infrastructure development, healthcare, education, and security. However, the allocation has been a subject of controversy in recent years, with some states and LGAs complaining that they receive inadequate funding to meet their development needs.