|Nigeria’s finance minister|
The Federal Government has disbursed N668.898 billion to the three tiers of government for the month of May, despite the impasse in the Federation Accounts Allocation Committee (FAAC).
Director of Information at the Federal Ministry of Finance, Hassan Dodo, revealed this in a statement on Friday in Abuja.
He explained that the sharing of revenues for May, which was meant to be distributed in June, was put on hold because of the disagreement on remittances by the revenue generating agencies, especially the Nigerian National Petroleum Corporation (NNPC).
Dodo added that the money was distributed due to the urgent need to cushion the undue hardships being experienced by workers nationwide.
He, however, said the government was intensifying efforts to address the unsatisfactory remittances.