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DAILY BUSINESS NEWS BRIEF – FAAC: States fail to agree on May revenue sharing

13
Jul

 

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FAAC: States fail to agree on May revenue sharing
For the third time in one month, the Federation Account Allocation Committee meeting, which was to consider as well as approve revenue sharing among the three tiers of government for the month of May ended in a deadlock on Thursday.The meeting had been postponed thrice due to what was described as revenue underpayment by the Nigerian National Petroleum Corporation.After failing to agree on the amount to be shared on Tuesday, the meeting was rescheduled for Thursday at the headquarters of the Ministry of Finance.Read More…]

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