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Nairaland Forum / Nairaland / General / Politics / 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating (752 Views)
FAAC Distributes ₦2.07 Trillion For February, 2024 / The Federation Common-purse Monthly Sharing (FAAC) Is Shrinking / Bawa: My Achievement As EFCC Chairman Is Increasing Naira Value Against Dollar (2) (3) (4)
2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Biodun556(m): 7:54pm On Mar 19 |
If Nigeria finally stop importation of fuel next month as promised, how much will the FAAC be? State governors should empathize and make the riches reflect on their workers salary. Some governors are still paying less than 30,000 as minimum wage. This is wickedness. 2 Likes 1 Share |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Biodun556(m): 7:55pm On Mar 19 |
B |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Joey4321: 7:58pm On Mar 19 |
What is FAAC? |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Biodun556(m): 8:00pm On Mar 19 |
Joey4321: Federation Account Allocation Committee (FAAC) distributed N2.07 trillion to the three levels of government from the revenue collected in January 2024. It was usually between 600 and 700 billion 1 Like |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Joey4321: 8:03pm On Mar 19 |
Biodun556: So you mean Nigeria is slowly taking shape under Tinubu? |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Depriest2020: 8:17pm On Mar 19 |
Joey4321:Yes the state governors are smiling to the banks now. Anambra used to get between 4-5 billion monthly, now it's 8-10 billion. 1 Like 1 Share |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by GodHimself(m): 8:18pm On Mar 19 |
Only the keenly observant can see this. Joey4321: 1 Like |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Biodun556(m): 8:30pm On Mar 19 |
Joey4321: It is and it will continue to by God's grace 2 Likes |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Joey4321: 9:25pm On Mar 19 |
Biodun556: That's wonderful then, if we can trust Tinubu to implement great policies for this country, then we're good to go. 1 Like |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Didijiji: 10:04pm On Mar 19 |
Depriest2020:Soludo said yesterday that there is what is called the economic value of money Inflation has made 8-10 billion now become 2.5billion during PDP era That is why the developments are not commensurate with the increase so it is useless He said it just yesterday and it is true Naira has lost about 300% Of it’s value or more. So stop hyping the increase in monthly allocation. Not even one state can roll out CNG buses to show the increase is useless |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Biodun556(m): 9:27am On Mar 20 |
B |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by AJSfan: 9:30am On Mar 20 |
Didijiji:if he knows like that, why hasn't he increased the workers salary in his state 1 Like |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by helinues: 9:38am On Mar 20 |
Good. The 2024 FDI already exceeded $1bn compared to same time last year. Slow and steady 7 Likes |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by socialmediaman: 9:40am On Mar 20 |
This is the exact propaganda that was described here: https://www.nairaland.com/8035873/naira-rises-n1580-parallel-market#129015154 |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Biodun556(m): 5:16pm On Mar 20 |
. |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by nnewsnjobs: 7:19pm On Mar 20 |
This is higher than Nigeria budget as at 2008 down. I hope the Governors make good use of the revenue for the betterment of the people. 1 Like 1 Share |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by RenaissanceGuy: 7:35pm On Mar 20 |
As dollar increases, the monthly allocation increases, because it's pegged to our crude oil sales. When dollar crashes to around ₦1000 later this year, the allocation will also decrease sharply. But in all, the intrinsic value of naira will increase tremendously. |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by Biodun556(m): 4:15pm On Mar 22 |
Tn |
Re: 2.07 Trillion: FAAC Is Increasing, Naira Is Appreciating by rinzaugustine: 4:49pm On Mar 22 |
Best time to buy dollar will be next week and transfer to your domiciliary account in ghana |
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