Vunderkind
Social Member
Federation Accounts Allocation Committee (FAAC) has ratified its committee’s decision to remove the petroleum subsidy.
This as the three tiers of government shared the sum of N641.380 billion as allocation for the month of March, despite a shortfall in the revenue for the month.
FAAC last month set up a committee to look into the possible removal of fuel subsidy. The committee comprised a member from the commissioners’ forum, the customs, state accountants general and the minister of state for finance etc.
On the submission of the report yesterday, FAAC simply approved the removal.
Click here to read more
Source: Nigerian Eye
This as the three tiers of government shared the sum of N641.380 billion as allocation for the month of March, despite a shortfall in the revenue for the month.
FAAC last month set up a committee to look into the possible removal of fuel subsidy. The committee comprised a member from the commissioners’ forum, the customs, state accountants general and the minister of state for finance etc.
On the submission of the report yesterday, FAAC simply approved the removal.
Click here to read more
Source: Nigerian Eye
