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The Federation Account Allocation Committee (FAAC) announced the distribution of N1.149 trillion in January 2024 revenue, marking an increase compared to December 2023.
The Federation Account Allocation Committee, FAAC, shared N1,149.816 trillion January 2024 Federation Account Revenue with the Federal Government, States
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, chaired the allocation meeting.
Law enforcement officials say the value of the Naira depreciates whenever FAAC allocations are shared among tiers of government.