The Federation Account Allocation Committee (FAAC) has decided not to directly disburse statutory monthly allocations to the country’s 774 local governments this month due to their...
Nigeria’s total public debt climbed to N142.3 trillion as of September 30, 2024, marking a 5.97% increase (N8.02 trillion) from the N134.3 trillion recorded in June...
The 774 local governments in Nigeria are set to open dedicated accounts with the Central Bank of Nigeria (CBN) to receive direct allocations from the Federation...
The Federal Government has commenced concrete steps to implement the Supreme Court’s judgment on local government autonomy, signaling a major move toward financial independence for the...
Barring any last-minute changes, local government councils in Nigeria will begin receiving direct allocations from the Federation Account starting next month. This follows the disbursement of...
The Federal Government, state governments, and local government councils collectively received ₦1.727 trillion as revenue from the Federation Accounts for November 2024, as disclosed during the...
The Federation Account Allocation Committee (FAAC) has shared N1.41 trillion among the three tiers of government for October 2024. This marks an increase of N113 billion...
Governor Bala Mohammed of Bauchi State on Thursday faulted the World Bank on the effectiveness of President Bola Tinubu’s economic reforms at the launch of the...
The Federal Government, states, and local government councils have shared a total of N1.298 trillion as revenue for September 2024. The distribution was confirmed during the...
The Socio-Economic Rights and Accountability Project (SERAP) has asked President Bola Tinubu to stop the payment of federal allocations to states that have failed to conduct...
