FAAC outstanding issues resolved – Gov. Yuguda

[FMINigeria]

Owing to some unresolved issues between the Federal Government, States and Local governments at the Federation Account Allocation Committee meeting recently, the President, Dr. Goodluck Jonathan had constituted a presidential committee to urgently intervene in the issues and proffer urgent solutions. The committee consists of the Governor of Bauchi State, Isa Yuguda as Chairman, Governors of Delta, Gombe and Anambra States were members. Other members of the committee include, the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, Minister of State for Finance, Dr Yerima Ngama, the DG, Budget Office of the Federation, Dr. Bright Okogu and the Accountant General of the Federation, Mr. Jonah Otunla.

Governor Yuguda, while addressing the press in Abuja assured Nigerians that there is no cause for alarm because the outstanding issues in the FAAC meeting had been resolved. He informed the press that the parties involved have agreed to reconvene the FAAC meeting so as to tackle the unresolved issues. The Bauchi State Governor told journalists that one of the major outcomes of the meeting was that all the arrears owed to States and Local governments will be paid. He assured the press that facts and figures, as regards the arrears will be made known to them after the reconvened FAAC meeting.

Dr. Ngozi Okonjo Iweala in her contribution informed the press that the President decided to form the committee timely so that the outstanding issues will not degenerate to unmanageable level. She said that the committee had created a fertile ground for a hitch free Federal Account Allocation Committee meeting.

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Federal Ministry of Information (FMI) Nigeria