- Nigerian governors are said to be troubled over current issues in the sharing of monthly allocation
- The FAAC had suspended its meetings indefinitely until an effective revenue collection process is implemented.
- FAAC monthly meeting is the forum where money is shared among the federal, states and local governments
The deadlock in the meeting of Federation Account Allocation Committee (FAAC) and the issue of national minimum wage were some of the troubling issues that occupied Nigerian governors on Wednesday, July 18.
The Nigeria Governors’ Forum (NGF) met on Wednesday, July 18, in Abuja to discuss matters.
The News Agency of Nigeria (NAN) recalls that the June monthly meeting of FAAC in Abuja ended in a deadlock.
The FAAC monthly meeting is the forum where money is shared among the federal, states and local governments.
Also on the meeting agenda was presentation by the chief executive officer of EduMarshals, on replicating EduMarshals education project at the state level.
The postmaster general was also expected to make presentation at the meeting on the Nigerian Postal Service in maximising revenue potential through electronic stamp solution, digital addressing system and addressing verification system.
The governors were also expected to be briefed by World Bank Country Director, Dr Rachid Benmessaoud, on the States Fiscal Transparency and Accountability Sustainability (FSTAS).
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Meanwhile, NAIJ.com had reported that again, the monthly meeting of the Federal Accounts and Allocation Committee (FAAC) slated for Wednesday, June 27, has ended without any conclusion.
After the meeting, the director of information in the Ministry of Finance, Hassan Dodo, told journalists that the meeting ended inconclusive and had been rescheduled for another date, but he didn't give a reason why no conclusion could be reached by the committee.
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