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Economic Developments
The Federation Accounts Allocation Committee (FAAC) disbursed ₦3.473 trillion to federal, state, and local governments in Q2 2024, marking an increase of ₦46.7 billion from Q1 2024. The Nigeria Extractive Industries Transparency Initiative (NEITI) emphasized the need for monitoring and tracking these funds to ensure transparency and accountability.
The Manufacturers Association of Nigeria (MAN) reported that high inflation and interest rates weakened the country's manufacturing sector in 2024. MAN's President highlighted the challenges faced by manufacturers, including increased production costs and reduced consumer purchasing power.
The Federation Accounts Allocation Committee (FAAC) disbursed ₦3.473 trillion to federal, state, and local governments in Q2 2024, marking an increase of ₦46.7 billion from Q1 2024. The Nigeria Extractive Industries Transparency Initiative (NEITI) emphasized the need for monitoring and tracking these funds to ensure transparency and accountability.
The Manufacturers Association of Nigeria (MAN) reported that high inflation and interest rates weakened the country's manufacturing sector in 2024. MAN's President highlighted the challenges faced by manufacturers, including increased production costs and reduced consumer purchasing power.
Economic Developments
The Federation Accounts Allocation Committee (FAAC) disbursed ₦3.473 trillion to federal, state, and local governments in Q2 2024, marking an increase of ₦46.7 billion from Q1 2024. The Nigeria Extractive Industries Transparency Initiative (NEITI) emphasized the need for monitoring and tracking these funds to ensure transparency and accountability.
The Manufacturers Association of Nigeria (MAN) reported that high inflation and interest rates weakened the country's manufacturing sector in 2024. MAN's President highlighted the challenges faced by manufacturers, including increased production costs and reduced consumer purchasing power.
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