Showing posts with the label Federation Account Allocation Committee (FAAC)Show all
FEDERATION ACCOUNT ALLOCATION COMMITTEE (FAAC): RESILIENT AMID ZERO REMITTANCE FROM NNPCL.
Despite the zero revenue contribution of Nigeria National Petroleum Company Limited (NNPCL) into FAAC’s purse, the three tiers of government still had enough to share in the last eight months, Abdulwahab Isa reports. The Nigerian federation could flourish independent of oil revenue after all. Glimpses into the federation revenue basket, with nearly one year of Nigeria National Petroleum Company Limited, NNPCL, not remitting oil revenue to the Federation Account Allocation Committee (FAAC) proves a possibility of a flourishing economy devoid of…
