•New Naira notes Statutory allocations from the Federal Account Allocation Committee to the 36 states and 774 local government areas from July to December 2023, increased to N3.34tn post-fuel subsidy era. Figures obtained from the National Bureau of Statistics indicate an increase of N545bn or 19.5 per cent from the N2.79trn distributed to sta...
•Tinubu at NASS The Senate has released the sectoral allocations of the N27.5 trillion budget for 2024 fiscal year. This is coming amid the controversy over the sketchy details of the budget President Bola Ahmed Tinubu presented to the National Assembly on Wednesday, reports Daily Trust. Our correspondent observed that lawmakers were only prov...
•Senate The Senate has asked the federal government to withhold statutory allocations to any local government councils not democratically elected. The upper chamber unanimously resolved that this move would deter the dictatorial tendencies of any state governor, reports Channels TV. This resolution comes against the backdrop of a motion moved ...
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