The Federal Accounts Allocation Committee (FAAC) has said it disbursed N1.2 trillion earned as revenue in August 2024 to the Federal Government, states, and Local Government councils in Nigeria. The revenue distribution was announced at the September 2024 FAAC meeting in Abuja, a statement by the Director of Press and Public Relations at the Office of the Accountant-General of the …

The Oyo State Rural Water Supply and Sanitation Agency, on Monday, donated motorcycles, public address systems, and sanitary items to 10 local government areas to address the menace of open defecation in the respective council areas and the state in general. The items included 100 Ahuja speakers, six motorcycles (two each for Egbeda, Ona-Ara, and Ibarapa-East Local Governments), and sanitary …

The Ekiti State Government has called on local council authorities to exercise fiscal discipline and allocate resources judiciously to improve conditions at the grassroots level. The Commissioner for Local Government Affairs, Folorunso Olabode, urged local governments to prioritise the needs of their communities and agriculture in their 2025 budgets to address residents’ needs and ensure food security. Olabode issued this …

The Lagos State House of Assembly has invited the Attorney-General of the State, Mr. Lawal Pedro, to appear before it to explain the Supreme Court judgement on local governments in the country. In a statement by the Chief Press Secretary to the Speaker of the Lagos State House of Assembly, Eromosele Ebhomele, the lawmakers said there was a need for …

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government in 2023 to N10.14 trillion. Data released on Tuesday by the Nigeria Extractive Industries Transparency Initiative (NEITI) in its latest report on the Federation Account revenue allocations for the year …

The Federation Account Allocation Committee (FAAC)has shared the sum of N1.088 trillion to the Federal Government, States, and Local Government Councils. A communique issued at the end of the FAAC, in Abuja, on Friday, indicated that the allocation came from November 2023 Federation Account revenue. The N1.088 trillion distributable revenue comprised a distributable statutory revenue of N376.306 billion, distributable Value …

The Ogun State Governor, Prince Dapo Abiodun, on Tuesday, denied the allegation that he was diverting the statutory Federal Allocation due to the state’s Local Governments in the last two years. The governor said his administration had to augment the funds allocated to local governments in the state to enable the council chairmen to meet their obligations. In a letter …

The Federation Account Allocation Committee (FAAC) has shared N786.161 billion to the federal, state and Local Government Councils. It represented their share from the May 2023 Federation Account Revenue, according to the communiqué issued at the end of the FAAC meeting in Abuja, yesterday. The meeting was chaired by the new Accountant-General of the Federation, Dr. Oluwatoyin Madein, according to …

The Federation Account Allocation Committee (FAAC) shared N750.17 billion among the three tiers of government in January 2023, according to a communiqué issued at the end of the committee’s latest meeting in Abuja on Monday. The figure represents a decrease of N240.02 billion compared to the N990.19 billion shared in December 2022. The amount includes gross statutory revenue, Value Added …