Nigeria Economic Update (Issue 7)

Data released by the National Bureau of Statistics revealed a decline in total disbursements from the Federation Account in 2020. The Federation Account Allocation Committee (FAAC) disbursed N4.79 trillion1 to the federal and state governments in 2020, whereas, a total sum of N5.4 trillion was disbursed in the preceding year 2019, representing a 13% decline. […]

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