Buhari orders $150m withdrawal from NSIA to augment FAAC disbursement

President Muhammadu Buhari has directed that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA).

Zainab Ahmed, the minister of finance, budget and national planning, told journalists in Abuja on Thursday.

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Ahmed said the withdrawal would be made from the NSIA stabilisation fund to augment disbursements by the federation accounts allocation committee to the three tiers of government.