NAIRA ADJUSTMENT, END TO SUBSIDY TO ADD N200BN TO FAAC MONTHLY

0
22
AFP_7I2DJ
money
The IGR of Nigeria’s 36 states and Federal Capital, Abuja, amounted to N1.31 trillion in 2020

Adjusting the conversion of dollar rate for oil proceeds to the naira and putting an end to fuel subsidies could add about N200 billion to monthly funds shared by the various tiers of government in Nigeria, analysis shows.

The fall in oil income and economic impact of COVID-19 have reduced funds available to be distributed…

LEAVE A REPLY

Please enter your comment!
Please enter your name here