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 …