Tag
FAAC ALLOCATIONS
Nigeria’s 36 states shared N3.61 trillion in net FAAC allocations in the first half of 2025, Nairametrics analysis...
The New Delta Coalition, a prominent pressure group, has raised concerns over the low Internally Generated Revenue (IGR) figures in Delta State's proposed 2025 budget.
Senior Advocate of Nigeria, Mike Ozekhome, has advised governors, the federal government, and local government council chairmen to open bank accounts for the 774 local government areas in Nigeria.
The Incorporated Trustees of the Association of Local Governments of Nigeria (ALGON) have accused State Commissioners for Finance of conspiring with governors to obstruct the direct payment of allocations from the federation account to the 774 local government councils' accounts.
Lateef Fagbemi (SAN), has vowed to ensure the conviction and imprisonment of any serving local government chairmen or councillors tampering with the Federation Accounts Allocation Committee (FAAC) allocations to the LGs.
There were news reports yesterday that President Buhari had approved the suspension of the payment of interest on debts owed by state governments.