Nigerian Government Saves N900bn For Infrastructural Funds in Nine Months
2024-09-23
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The Federal Government has saved a total sum of N900bn proposed to be spent for state governments’ infrastructural development and security between November 2023 and July 2024. The Federal Accounts Allocation Committee deducts the amount disbursed to a special account before its monthly revenue distribution to the three tiers of government. President Bola Tinubu earlier approved the establishment of the Infrastructure Support Fund for the 36 States of the Federation as part of measures to cushion the effects of the petrol subsidy removal on the people.
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