BudgIT Reports 14 States Depend On FAAC For 70% Of Their Revenue In 2023

BudgIT, a civic-tech organization dedicated to fiscal transparency, reveals that 14 Nigerian states derive at least 70% of their total revenue in 2023 from allocations through the Federation Account Allocation Committee (FAAC). In a statement released on Tuesday, BudgIT presents insights from its newly launched 2024 State of States Report, which evaluates the fiscal performance … Continue reading BudgIT Reports 14 States Depend On FAAC For 70% Of Their Revenue In 2023