Grapevine

By Punch
Sep 16, 2024

FAAC allocation rose by 1.42% in Q2 2024

This was disclosed by the agency’s Assistant Director, Communications and Advocacy, Chris Ochonu, in a statement on Monday.

Ochonu noted that these figures are part of NEITI’s latest Quarterly Report on Federation Account Revenue Allocations for Q2 2024.

Unveiling the report in Abuja, the NEITI Executive Secretary, Dr Orji Ogbonnaya Orji, emphasised that “The Quarterly Review aims to highlight the sources of funds into the Federation Account and the factors affecting the growth or decline in revenues and distributions over time.

“The ultimate goal of this disclosure is to enhance knowledge, increase awareness, and promote public accountability in the management of public finances.”