Report
EUR 8.80 For Business Accounts Only

Good Morning: Payout by FAAC well below target

​Payout by FAAC well below target

The total monthly payout by the Federation Account Allocation Committee (FAAC) to the three tiers of government in February (from January revenues) declined marginally to N370bn (US$1.88bn) from N388bn the previous month. The net distribution from the federation account and the VAT pool combined is projected at N5.72bn this year in the expenditure framework for 2016-18. We can see that the payout in both January and February fell far short of the projected pro rata monthly average of N477bn.

Provider
FBNQuest
FBNQuest

In today's rapidly changing financial environment, we believe our clients need a financial partner they can rely on to provide clear guidance, progressive thinking and innovative products. Our in-depth and qualitative research covers macroeconomics, fixed income and equities, offering timely market commentary and detailed analyses of the local economy, major sectors listed on the Nigerian Stock Exchange (NSE) and the Federal Government of Nigeria bond market. Our sound recommendations are based on a thorough and objective analysis of the relevant companies within the context of their respective industries, the local market and international peer set. Our research is well recognized and acclaimed for its value and integrity, as we provide existing and prospective investors access to reliable, independent, quality research to aid investment decision-making and strategy development.

Other Reports from FBNQuest

ResearchPool Subscriptions

Get the most out of your insights

Get in touch