FAAC Allocations
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States’ Borrowing Surges Despite Revenue Windfall
Ten Nigerian states have collectively increased their domestic debt by N417.7 billion year-on-year, even as allocations from the Federation Account Allocation Committee (FAAC)...
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Nigeria’s Revenue Sharing Plummets: States Face Fiscal Strain as FAAC Allocations Dip for Third Month
In a concerning trend for Nigeria’s subnational governments, the Federation Account Allocation Committee (FAAC) has reported a third consecutive monthly decline in revenue...