Wednesday, June 27, 2018

Buhari govt, states clash in Abuja over sharing of allocation

The monthly Federation Account Allocation Committee (FAAC) meeting ended in a deadlock on Wednesday in Abuja as officials of the Buhari government and states failed to reach an agreement.

The FAAC monthly meeting is the forum where money is shared among the federal, states and local governments.

Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who declined to be interviewed, said in passing that they were going back to confer with the state governors.

However, Hassan Dodo, Director Press, Ministry of Finance, said the meeting would reconvene before the end of the week.

DAILY POST reports that a similar situation was recorded in March when some members of the committee walked out.

The regent disagreements has been blamed on Nigerian National Petroleum Corporation (NNPC).

The company allegedly failed to remit all revenue accrued within the month as well as dishonouring its statutory obligations to the federation account over time.

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