FAAC Distributes ₦2.07 Trillion For February, 2024 - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / FAAC Distributes ₦2.07 Trillion For February, 2024 (10059 Views)
2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating / New Wage Begins April, FG Votes ₦24 Trillion For Salaries / TCN: Nigeria Requires ₦1 Trillion For Efficient Electricity Transmission (2) (3) (4)
| FAAC Distributes ₦2.07 Trillion For February, 2024 by ryloy: 2:45pm On Mar 19 |
Federation Account Allocation Committee (FAAC) distributed N2.07 trillion to the three levels of government from the revenue collected in January 2024. 3 Likes
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| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by ryloy: 2:46pm On Mar 19 |
Benefits of subsidy removal God Bless President Bola Tinubu, he has done his part, revenue accruable to the three tiers have increased by 70%✓ It is now the responsibilities of the Governors to perform and stop making unnecessary excuses. Citizens also should monitor their governors and call for accountability 45 Likes 4 Shares |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by press9jatv: 2:48pm On Mar 19 |
ryloy:please can we be having this break down of FAAC disbursement to all the 36 states every month. We need it please. All governors must be hold responsible. 42 Likes 3 Shares |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by atiku4President(m): 2:53pm On Mar 19 |
Source, pls 1 Like 1 Share |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by CodeTemplar: 3:14pm On Mar 19 |
From around a quarter of that two - three years ago. The govs will suppress the extra and take like half of it to forex market for conversion in preparation for capital flight. Tinubu's strategy of spending to stimulate is hinged on what the governors do with their cash. 2 Likes 1 Share |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by commoditiesnig: 3:42pm On Mar 19 |
See Balyelsa N22.8bn, Delta N38bn. Wow! But what are most Governors doing with such huge monthly allocations eh. Only a few governors we can actually point to. We truly need to hold our governors accoutable. Enough of focus at Centre 40 Likes 4 Shares |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by Putindbutt: 3:45pm On Mar 19 |
2trillion... this should be the highest so far. 8 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by pharmagba: 3:45pm On Mar 19 |
commoditiesnig:Then he must ensure that local government allocation are paid directly into local government accounts and not into state accounts 9 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by 10thTenthMan: 3:55pm On Mar 19 |
r58 ryloy: PLEASE SOMEONE SHOULD TELL THEM NOT TO GO BUY DOLLARS WITH THEIR ALLOCATIONS. THEY ARE FOND OF PUTTING PRESSURE ON THE NAIRA/DOLLAR VALUE AFTER EVERY FAAC EXERCISE. IT IS ANNOYING. THEY SHOULD STOP CONIVING WITH BANKS AND PUTTING PRESSURE ON THE NAIRA. KEEP YOUR NAIRA AND SPEND YOUR NAIRA. 4 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by SensualMan: 3:56pm On Mar 19 |
How much did the indigenes of E bad'n get? Trillions of naira flying up and down every month yet a section of the country keep screaming Ebi n pawa ooo! Jagaban attend to ur region, forgive and forget! 1 Like 1 Share
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| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by Jovi10: 3:56pm On Mar 19 |
At the end there will be nothing to show for it. Citizens won't see shishi 4 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by MEGA4BILLION(m): 3:58pm On Mar 19 |
Before the end of the week naira will crash again, because 50% of the funds will be looted and change into dollars and pounds and stashed thereby causing scarcity. Governors are the problem of this country. 21 Likes 1 Share |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by osazsky(m): 3:58pm On Mar 19 |
Feb abi march |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by SoNature(m): 3:59pm On Mar 19 |
This, right here, made Nigerian governors the dumbest politicians in world. This feeding bottle system has to stop! Restructure this country. Every state or region should start controlling their resources and start paying taxes to the centre. 3 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by Putindbutt: 3:59pm On Mar 19 |
Everyday they would be looking for news about Tinubu. Tinubu has increased their state's allocations, while their Governors are stealing away their future. 7 Likes 1 Share |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by thesicilian: 3:59pm On Mar 19 |
press9jatv:Talk is cheap. How do you plan to hold them responsible? 5 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by Santana1(m): 4:00pm On Mar 19 |
Ok great |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by ryloy: 4:01pm On Mar 19 |
osazsky: Habaaa , we are still in March now.... can you distribute revenue still being collected in March by March? If you don't study accounting, make we use small common sense 5 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by Realdeals(m): 4:01pm On Mar 19 |
Small Balyesa state collect N22 Billion 7 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by SoNature(m): 4:02pm On Mar 19 |
press9jatv: How will you hold them accountable? Dey play! 😁😁😁 1 Like |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by Timmi: 4:05pm On Mar 19 |
SensualMan: Na your head you dey hear Ebi n pawa ooo. You need to have your head examined SensualMan. 3 Likes |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by amodu(m): 4:06pm On Mar 19 |
You wonder what Bayelsa has been doing with huge sum on a monthly basis. Nothing should stop the small state from being the Dubai of Nigeria. 17 Likes 1 Share |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by ReubenE(m): 4:06pm On Mar 19 |
Delta State arguably has the most corrupt government institution in Nigeria 11 Likes 1 Share |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by ReubenE(m): 4:07pm On Mar 19 |
amodu:They only share the money and go back to sleep. The only industry in Bayelsa is politics 7 Likes 3 Shares |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by Olaide1295: 4:07pm On Mar 19 |
Ogun state receives one of the lowest in the country. Yet pays so much in VAT. The sharing formula is a scam. BTW, the South south states of Akwa Ibom, Delta, Bayelsa and Rivers are cashing out big big. I hope they hold their Governors to account. 8 Likes 1 Share |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by cadmanspize: 4:09pm On Mar 19 |
ryloy:You failed to tell us how much tinibu collected because asiwaju has a question to answer. . That demented pig devalued naira & sold oil at higher price in naira - and now, they're here deceiving themselves. |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by ryloy: 4:10pm On Mar 19 |
SensualMan: 6 Likes 2 Shares
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| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by stasius: 4:11pm On Mar 19 |
But 1 billion naira is not much ooh. 1 billion is actually 1 million naira in 1000 places. This is actually small considering the current economic situation and population of each state. |
| Re: FAAC Distributes ₦2.07 Trillion For February, 2024 by JagabanB: 4:15pm On Mar 19 |
Kukutente23:The centre has distributed the money, the eIite u voted in ur state, make them function now. 5 Likes |
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