Governors Troubled Over Continuous Deadlock In FAAC

Related stories

Tinubu Names IBB’s Son, Top Experts to Lead Key Nigerian Agencies

By Abiola Olawale President Bola Ahmed Tinubu has appointed Muhammad...

2027: Labour Party Appoints Nenadi Usman as Interim National Chairperson 

By Abiola Olawale  Ahead of the 2027 general elections, the...

Why Oil Prices Could See a Significant Upside Shift

The 9th OPEC International Seminar was held in Vienna...

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.

The Nigeria Governors’ Forum (NGF) met on Wednesday night in Abuja to discuss matters.

It would be recalled 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).

Meanwhile, State Commissioners of Finance, who are key stakeholders in the Federation Account Allocation Committee (FAAC) are seeking to stop the Nigerian National Petroleum Corporation (NNPC) from collecting and remitting royalties into the Federation Account.

This followed recurring conflicts in the figures the corporation has been declaring in recent months.

Dotun Akintomide
Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Trump Vows to Sue Rupert Murdoch as Epstein Report Opens New Rift in Their RelationshipTinubu Names IBB’s Son, Top Experts to Lead Key Nigerian Agencies2027: Labour Party Appoints Nenadi Usman as Interim National Chairperson Alleged $9.6 Billion P&ID Fraud: Fleeing Briton’s Surety Arrested, Produced In CourtWhy Oil Prices Could See a Significant Upside ShiftPresidency Announces Gov Umo Eno as APC Leader in Akwa Ibom, Sparks ReactionsBreakdown of Buhari’s Family EntitlementsThaksin touts golden visa, higher travel fees to boost ThailandDangote Refinery Halts Fuel Discount Program Over Alleged Marketers Fraud2027: Intrigues as PDP Confirms Move to Bring Peter Obi Back After Atiku’s DepartureAre You Pregnant? By Johnson Babalola2027: Buhari’s exit Cripples APC in entire North as CPC Loyalists Defect in Large NumbersDrama as 16, 17-year-olds Now Allowed to Vote In UK ElectionsSenate passes $9 billion in spending cuts to public broadcasting, foreign aid requested by TrumpBrazil’s Petrobras Weighs Return to Retail Fuel Market to Reduce Prices
X whatsapp