Journalism of Courage

FAAC deadlock: Buhari to decide on NNPC – Adeosun 

The Minister of Finance,  Kemi Adeosun, has disclosed President Muhammadu Buhari has agreed to take the next step to address the issues that led to deadlock of the last Federation Accounts and Allocation Committee (FAAC) meeting in Abuja.

“Well, as you know last FAAC meeting ended in deadlock and since then we have been having series of engagements between ourselves, the governors, the commissioners and of course the various stakeholders. Today’s meeting was for me to brief the governors and the chief of staff and by extension Mr. President on the progress we have made so far on our position. Mr. President has promised to take the next step and to that extent we are very satisfied.”

“We are  still very much dependent on oil, on NNPC for our revenue, so we do need to have sometimes some of this, I see them more as reconciliations than standoffs. I’m very sure we will have the FAAC in the next day or so, she said  after a meeting with governors Abdulaziz Yari of Zamfara State, Abubakar Badaru of Jigawa State and Abubakar Atiku Bagudu of Kebbi State and the Chief of Staff to the President, Malam Abba Kyari, at the Presidential Villa, Abuja.

Adeosun had last week warned that if the issues that led to the deadlocked of the meeting was not resolved, salaries might be affected in the states.

The revenue sharing meeting had ended in a deadlock on Wednesday last for the third time since January 2018.


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