Fresh worries for naira as FAAC shares N1.149tr to FG, states, LGAs

Amid the worsening economy occasioned by galloping inflation, the federation revenue rose to N2.068 trillion in January out of which the Federation Allocation Committee (FAAC) yesterday shared N1.149 trillion to the Federal Government, States and Local Government Councils. This was contained in the communiqué issued at the end of the FAAC meeting in Abuja.

Muyiwa Adeyemi (Lagos), Terhemba Daka (Abuja) and Rotimi Agboluaje (Ibadan)