Higher FAAC allocations haven’t made Nigerians richer – Atiku
Atiku described the development as “money illusion”, arguing that naira depreciation and inflation had eroded the real value of increased government allocations.
ABUJA: Former Vice-President and presidential candidate of the African Democratic Congress, ADC, Atiku Abubakar, has described the Federal Account Allocation Committee, FAAC, disbursements to the three tiers of government as an “illusion”, arguing that rising nominal allocations have not translated into improved living standards for Nigerians.9 trillion, yet its dollar value had fallen to roughly $14.
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