Browsing: Federation Account Allocation Committee

The committee in a statement by the Forum of Finance Commissioners in Abuja, stated that the law setting it up did not give it the power to approve withdrawals from the ECA

According to Yuguda, revenue collected in August was N601.65 billion as against N630.33 billion realised in July

Otunla said: “The distributable statutory revenue for the month is N533.75 billion, which is less than the N534.91 billion that was shared for the month of March

The Chairman of Finance Commissioners Forum, Timothy Odah, said this when he briefed newsmen on the outcome of the FAAC meeting for the month of March in Abuja

Babalola, who gave the advice as a guest at this month’s edition of Speaker Series Africa in Lagos, was however upbeat about Nigeria’s future outlook

According to the report, the distributable statutory revenue for the month was N467.007 billion after N22.345 billion was transferred to Excess Oil Revenue Account