The Association of Local Governments of Nigeria (ALGON) has filed a lawsuit against the Federal Government, seeking to enforce local government autonomy and secure their inclusion...
The Federation Accounts Allocation Committee (FAAC) has revealed that the implementation of the Supreme Court ruling on direct allocation to local government areas (LGAs) is being...
The Federation Account Allocation Committee (FAAC) has disbursed a total of ₦1.703 trillion as revenue for January 2025 to the federal, state, and local governments. This...
The Nigerian National Petroleum Company Limited (NNPC) has withheld a staggering ₦13.76 trillion in revenue meant for the Federal Government, worsening the nation’s budgetary challenges. According...
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...
