Low oil price: FAAC disbursement records 41% shortfall

Ike Amos 21 August 2017, Sweetcrude, Abuja – The Nigeria Extractive Industries Transparency Initiative, NEITI, Sunday, disclosed that as a result of low crude oil price and Nigeria’s declining crude oil output, a 40.67 per cent shortfall was recorded in the Federation Account Allocation Committee, FAAC, disbursement to the three tiers of government from January […] More »