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…
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“LGA bosses who misuse Council funds risk jail term” – Justice Minister, Fagbemi
Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, says chairpersons who tamper with the local government councils’ (LGAs) funds would be prosecuted. Fagbemi stated this in Abuja on Thursday, at the 2024 annual conference of the National Association of Judiciary Correspondents, while delivering a paper titled: ‘Aftermath of supreme court judgment on local government financial Autonomy: What next?’ The AGF said the Supreme Court judgment on LGA autonomy was meant to equip the councils to carry out their responsibilities effectively. He said any debt incurred by the…
Read MoreLocal Governments: Between Constitutional Autonomy and Judicial “Coup”
By; Abdull-Azeez Ahmed Kadir. Nigeria operates a federal system of government with sub-national. It has been a long debate if Nigeria operates three tiers of government or two tiers with administrative block as the third. Whatever you believe, the 1999 Nigerian Constitution as amended, recognises the Federal, State and Local Governments. Nigeria boasts of 36 states and the Federal Capital Territory with 774 Local Councils. The Local Government is the closest to the people at the grassroots; who constitute the majority of the populace and meant to make them feel…
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