Signs of trouble are brewing as the Federation Account Allocation Committee (FAAC) meeting for February 2020 revenues hit an initial impasse as states rejected the allocations given. The FAAC generally comprises Statutory Revenue, Value Added Tax (VAT), Exchange Gain, and revenue from Forex Equalisation Account. Asides Exchange Gain, all the other revenue lines are likely to see a further downturn when making us wonder if the disbursements will fall as low as 2016 numbers.