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NEITI report confirms FAAC disbursements increased by 32% to N8.5trn in 2018

NEITI report confirms FAAC disbursements increased by 32% to N8.5trn in 2018

The Federation Allocation Account Committee (FAAC) disbursed N8.5 trillion to the three tiers of government and others, the first time since 2014 that disbursements will exceed N2 trillion in three consecutive quarters, Nigerian Extractive Industries Transparency Initiative (NEITI) latest quarterly review report reveals. As contained in the report, the total of N8.52 trillion was shared…

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