Friday, April 24, 2026
Finance

FG Adds $150m To FAAC Disbursement

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Presidential Muhammadu Buhari has ordered that $150m should be added to the Federation Accounts Allocation Committee disbursement.

Nigerian Govt To Deduct N1.5trn From 2020 Budget
President Muhammadu Buhari

The funds would be withdrawn from the account of the National Sovereign Investment Authority.

Zainab Ahmed, the minister of finance, budget and national planning, told journalists in Abuja on Thursday.

Ahmed said the withdrawal would be made from the NSIA stabilisation fund to augment disbursements by the federation accounts allocation committee to the three tiers of government.