The Federation Account Allocation Committee (FAAC) has indefinitely postponed its February 2025 meetings.
FAAC Secretary, Ali Mohammed, confirmed the decision in a statement on Thursday, citing a directive from the Ministry of Finance.
“Further to our earlier notice referenced F.12090/T/68 dated February 14, 2025 on the above subject, I am directed to inform you that the meetings of the Federation Account Allocation Committee for the month of February 2025 have been postponed,” Mohammed stated in a letter to FAAC members.
“In view of the foregoing, I am to further inform you that a new date for the meeting will be communicated to you later, while the previous communiqué that was issued will be reviewed accordingly.
“The Ministry regrets any inconvenience the postponement may have caused and conveys the honourable Minister of Finance and Coordinating Minister of the Economy’s highest regards,” the statement said.
The ministry apologized for any inconvenience caused and conveyed the Minister of Finance’s highest regards.
