₦525bn security votes fail to stem killings across states – Report

Security votes report2

Nigerian states budgeted a combined ₦525.23 billion for security votes and related operations between 2023 and 2025, but the spending has failed to curb the worsening wave of killings, kidnappings and violent crimes nationwide. An analysis of approved budgets from 32 states, sourced from the BudgIT-backed Open States portal, shows security vote allocations rose sharply year-on-year — from ₦150.47bn in 2023 to ₦164.07bn in 2024, before jumping to ₦210.68bn in 2025. Figures from Gombe, Kebbi, Niger and Yobe were not clearly disclosed, suggesting the actual total is higher. Despite the…

Read More

₦5trillion VAT windfall for states, as new formula begins

VAT windfall for states

The 36 states of the federation are set to receive an estimated ₦5.07trillion as their share of Value-Added Tax (VAT) in 2026, following the commencement of a new VAT sharing formula introduced under the National Tax Acts, findings have shown. This development is contained in the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) approved by the Federal Executive Council. According to the fiscal framework, the implementation of the new National Tax Acts from January 2026 will reduce the Federal Government’s VAT share from 15% to 10%, while the…

Read More

FG, states, LGs share ₦2.001tr July revenue

FAAC allocation

The three tiers of Nigerian government, federal, state, and local government councils, have shared the total of ₦2.001 trillion, being the July 2025 Federation Account Revenue. The revenue was shared at the August 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The ₦2.001 trillion total distributable revenue comprised distributable statutory revenue of ₦1,282.872 trillion, distributable Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦37.601 billion, and Exchange Difference of ₦39.745 billion. According to a communiqué issued yesterday by the spokesperson for…

Read More

30 states spent ₦11.75bn on trips in Q1 ’25 only to attract zero FDI – Report 

FDI Report

Thirty Nigerian states spent a combined ₦11.75 billion on international trips and training in the first quarter of 2025 with no foreign direct investment (FDI) to show for it. According to the Capital Importation report published by the National Bureau of Statistics, (NBS) on Tuesday, all of the FDI that came into the country between January and March went to only seven locations: the Federal Capital Territory (FCT), Lagos, Ogun, Oyo, Kaduna, Kano and Ekiti. The Foundation for Investigative Journalism, (FIJ), report analysed the first quarter financials of the states…

Read More

Senate begins nationwide public hearings on Constitution Review

Senate on public hearings

The Senate Committee on the Review of the 1999 Constitution has announced plans to organise a comprehensive two-day zonal public hearing in the country’s six geo-political zones. The hearings, slated for July 4 and 5, are part of an extensive national consultation process aimed at capturing citizens’ voices on critical issues shaping the future of governance in Nigeria. The committee, chaired by the Deputy President of the Senate, Senator Barau Jibrin, said the public hearing which will be held simultaneously in Lagos (South-West), Enugu (South-East), Ikot Ekpene (South-South), Jos (North-Central)…

Read More

‘States can’t spend LG funds’ – FG to Supreme Court

FG to Supreme Court

…Dismiss Osun’s suit The Federal Government has urged the Supreme Court to dismiss a suit filed by the Osun State Government over the release of local government (LG) allocations, insisting that no State has the right to control or spend funds meant for LGs. In its response to the case (Suit No: SC/CV/379/2025), the FG argued that Osun’s request to access LG funds for health and education violates the Supreme Court’s July 2024 ruling, which mandates direct payment of LG allocations from the Federation Account to elected councils. In an…

Read More

FAAC: FG, States, LGs share whopping ?1.727tr revenue for Nov. 

FAAC FG, States, LGs share

The Federation Accounts Allocation Committee (FAAC) has disbursed a total of ?1.727 trillion among the Federal, State, and Local Government Councils as revenue for November 2024. A communiqué, issued after the FAAC meeting on Thursday in Abuja, detailed the breakdown of the distribution. The total distributable revenue included: Statutory revenue, ?455.354 billion; Value-Added Tax (VAT) revenue – ?585.700bn; Electronic Money Transfer Levy (EMTL) – ?15.046bn and Exchange Difference revenue – ?671.392 billion. The communiqué highlighted that a gross revenue of ?3.143 trillion was generated in November. However, deductions for cost…

Read More

‘Revenue generating agencies fail to remit N4.1tr’ – FAAC

FAAC on remittances

The monies unremitted by revenue generating agencies to the coffers of the Federal Government increased to N4.1trillion as of June 2024, the Federation Accounts Allocations Committee, (FAAC), has revealed. FAAC stated that this was despite the agencies’ reconciliation and payment of outstanding debts of N94.96 billion in May 2024. The latest development was disclosed in a report by the Federation Account Allocation Committee post-mortem sub-committee meeting and signed by the Chairman of Revenue Mobilisation, Allocation and Fiscal Commission, Mohammed Shehu. A breakdown of the agencies indebted to the Government showed…

Read More

Economic Stimulus Programme: ‘Over N438bn allocated to 34 States, FCT’ – FG

36 States on stimulus

The Federal Government has disbursed over N438 billion to 34 states and the Federal Capital Territory (FCT) under the Nigeria Community Action for Resilience and Economic Stimulus, (NG-CARES) programme. According to the Information and Communication Officer of the Federal CARES Support Unit (FCSU), Suleiman Odapu in a press statement, the disbursements were determined by the results achieved by the states and FCT during the third Independent Verification Agency (IVA) assessment conducted in January 2024. This substantial reimbursement aims to bolster State governments and the FCT in mitigating the multi-faceted challenges…

Read More

Lagos, Kano, Abia, 9 other States’ allocation rise by 40%, as FAAC allocation hits N4.5trillion

FAAC allocation

No fewer than 10 States across the federation received a boost of 50 percent or more in their monthly allocation from statutory federal funds, findings have shown. This was as 12 out of the 36 States received an increase of 40% or more in their monthly allocation. According to data sourced from monthly reports of the Federation Accounts Allocation Committee, (FAAC), as released by the National Bureau of Statistics, (NBS), the total allocation to the 36 States also increased by 27% to N4.5bn in 12 months, from N3.58trillion in the…

Read More