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Federation Accounts: 3 Tiers Govt Share N350bn For Sept
About N350 billion has so far been shared by the three tiers of government as statutory allocation for the month of September, 2009.
The Minister of State for Finance and Chairman of the Federation Account Allocation Committee (FAAC), Mr Remi Babalola said this after the committee meeting in Abuja.
Mr Babalola said that the committee had approved the recommendation of the national economic council to share two billion dollars from the excess crude proceed account.