Regulatory Alerts2013-07-15 | ACGSF/03/2013March 2013 Report of Activities under the Agricultural Credit Guarantee Scheme
The total disbursement in the financial year 2019 for Nigeria's 36 states and the FCT is N1,835,171,200 ($4.97 billion). Of this amount, only about 21.65% was utilized by the end of September 2021, amounting to a disbursement of N395,539,860,225 ($1.07 billion). The lowest utilization rate is in Zamfara State at just 9.47%, while the highest utilization rate was recorded in Lagos State with 29.84%. The highest disbursement went to Lagos and Kano states, respectively, with N134,741,000 ($366 million) and N93,268,000 ($255 million). It's essential to note that these numbers are based on the 2019 budget year and exclude any additional allocations made after this period. As of September 2021, there's still a significant amount of unutilized funds allocated for Nigeria's states and FCT. This may indicate inadequate infrastructure, under-execution or lack of transparency in the utilization of public funds. It is important to note that these figures are from 2019 budget year and excludes any additional allocations made after this period. As of September 2021, there remains a significant amount of unutilized funds allocated for Nigeria's states and FCT. This may indicate inadequate infrastructure, under-execution or lack of transparency in the utilization of public funds. The figures might also be influenced by factors such as financial crises, security issues, or delays in the implementation of projects. Further analysis with updated data will provide more accurate insights into these allocations and utilizations.