FAAC allocation increases to 18%, FG, states share N802bn

The federal, state and local governments shared N802.407bn as federation allocation for the month of June, 2022. This represents 18 per cent increase from N681bn shared in May. The sharing decision was reached at Federation Account Allocation Committee (FAAC)’s meeting, according to a statement sent to The Punch on Tuesday night by the Director of Press/Information, Federal Ministry of Finance…
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