FAAC disburses N1.123trn to FG, states, LGs in March
Nigeria, April 20 -- A total of N1.123tn for March 2024 has been disbursed by the Federation Account Allocation Committee to the federal, state, and local governments.
According to a statement by the Director of Information and Public Relations, Ministry of Finance, Mohammed Manga, on Friday, the allocation, which was derived from a gross total of N1.867tn, marks a significant distribution of funds aimed at supporting various government tiers.
Manga stated that the Accountant General of the Federation, Mrs. Oluwatoyin Madein, chaired the meeting and highlighted the importance of the allocation.
"This distribution is pivotal in ensuring that all government levels have the necessary funds to continue their development projects and provid...
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