Tag: FAAC Meeting
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Subsidy removal: Tinubu approves infrastructure fund to aid states
President Bola Tinubu has approved the establishment of an Infrastructure Support Fund (ISF) for all 36 States in Nigeria as a measure to cushion the impact of petrol subsidy removal on citizens. This announcement was made during the monthly meeting of the Federation Account Allocation Committee (FAAC) held on Thursday in Abuja. President Tinubu’s approval…
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Dwindling allocations: Adeosun reconvenes FAAC meeting after 36 commissioners stage work out
The Minister of Finance, Mrs. Kemi Adeosun has reconvened a crucial Federation Accounts Allocation Committee (FAAC) meeting the representatives of the thirty-six state governments (finance commissioners) who had earlier on Tuesday (yesterday) staged a walk out of the meeting because alleged discrepancies in the financial reports of the Nigerian National Petroleum Corporation (NNPC). The meeting,…
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FAAC meeting deadlocked as 36 Finance Commissioners stage walk out over NNPC scam
The monthly Federation Accounts Allocation Committee (FAAC) meeting for the month of February ended on Tuesday in a deadlock in Abuja as the thirty-six (36) finance commissioners staged a walkout over noticeable discrepancies in subsidy payment report presented by the leadership of the Nigerian National Petroleum Corporation (NNPC). A civil rights organisation, Coalition for Probity…