Local governments across Nigeria have commenced the process of opening accounts with the Central Bank of Nigeria in preparation for receiving direct federal allocations starting this January.

Punch Newspapers

Autonomy: LGs move to open CBN accounts

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The presidency has opened up and revealed the actual date the Supreme Court judgment on local government autonomy in Nigeria will begin to be implemented.

Legit.ng - Nigeria news.

Ikeja

Lagos

Nigeria

When will LGs receive direct federal allocation? Presidency opens up

GistReel 
The Presidency has announced that, starting at the end of January, local government areas (LGAs) across Nigeria will begin receiving their allocations directly from the Federal Allocation Account Committee (FAAC). This decision follows a landmark Supreme Court ruling in July 2024, which deemed state control over local government funds unconstitutional. According to reports, the Special Adviser to the President on Media and Public Commu…

GistReel

Local Govt to get direct federal allocations from January 2025 - Presidency

President Bola Tinubu unveiled a visionary 2025 Budget Proposal, dubbed “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” before the Joint Sitting of the 10th National Assembly on December 18, 2024. This ambitious proposal allocates approximately 49.7 trillion naira to various sectors, aiming to revitalize Nigeria’s economy. At the heart of this proposal lies President Tinubu’s […]

Independent Newspapers Nigeria

Appraising Tinubu’s 2025 Budget Proposal: Matters Arising – Independent Newspaper Nigeria

On the 17th, the Ministry of Internal Affairs and Communications announced that nine political parties had filed to receive political party subsidies for 2025. Kyodo News estimated the allocation to each party, and while the LDP was the largest recipient for the 13th consecutive year with 13.639 billion yen, it was down 2.011 billion yen from 2024. The actual amount of the grant will be calculated based on the amount of the Upper House election …

総務省は１７日、２０２５年分の政党交付金の受け取りを９政党が届け出たと発表。共同通信が各党への配分を試算したところ、自民党が１３６億３９００万円と１３年連続で最多となる一方、２４年から２０億１１００万円減らした。実際の交付額は夏の参院選の

交付金、最多の自民が２０億円減　２５年、９政党への配分額試算（共同通信）｜熊本日日新聞社

熊本日日新聞社

Subsidies, the largest amount, the LDP will see a 2 billion yen cut in allocations to nine political parties in 2025 (Kyodo News)

The removal of the fuel subsidy by President Bola Tinubu's administration has significantly increased the revenue shared among the federal, state, and local governments, rising from N760 billion in 2023 to N3.2 trillion in 2024.   The post Fuel subsidy removal triples FAAC allocation to N3.2 trillion between 2023 and 2024 – Presidency  appeared first on Nairametrics.

Nairametrics

Fuel subsidy removal triples FAAC allocation to N3.2 trillion between 2023 and 2024 – Presidency

The Presidency says local governments will from January 2025, start receiving their allocations directly from the Federal Allocation Account Committee (FAAC), marking a significant step towards local government autonomy. Sunday Dare, the Special Adviser to the President on Media and Public Communications, made this disclosure during an interview on Arise News on Thursday night. Dare […] The post Autonomy: LGs to receive direct federal allocation…

Business Hallmark

Autonomy: LGs to receive direct federal allocations from January – Presidency

The Presidency has said local governments across the country will begin to receive their allocations directly from the Federal Allocation Account Committee (FAAC) this month. The development comes after the Supreme Court declared state control over local government funds unconstitutional. The announcement was made by the Special Adviser to the President on Media and Public Communications, Sunday Dare, during an interview on Arise News. Dare reaf…

Daily Trust

Local Governments will Receive Federal Allocations Directly This Month – Presidency - Daily Trust

David Umahi, minister of works, says funding for the
Lagos-Calabar coastal road project was included in the 2025 appropriation bill.   In December 2024, President Bola Tinubu presented a N49.7
trillion 2025 budget proposal to the national assembly.   Heads of various ministries, departments, and agencies
(MDAs) have been appearing before the national assembly to defend their
budgetary allocations.   In January, BudgIT, a civic-tech organisation …

Autonomy: LGs move to open CBN accounts

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