Browsing Tag
Allocation
8 posts
Lagos Clarifies ₦4.2bn Capital Allocation for Deputy Governor’s Office
The Lagos State Government has dismissed reports alleging that ₦4.2 billion was earmarked in the 2026 budget for the purchase of office furniture and 30 microphones for the Office of the Deputy Governor, describing the claim as a misinterpretation of the approved capital estimates.
Withhold allocation to local councils without elected officials, Senate urges Tinubu
The Senate has urged the Federal Government to henceforth withhold statutory allocation to local councils without democratically elected leaders.
2024 allocation will depend on 2023 performance, Reps tells MDAs
House of Representatives has said that only Ministries, Departments and Agencies (MDAs) that made judicious use of their allocations in 2023 will receive funds from the 2024 budget.
Presidency debunks report on Tinubu’s request for presidential yacht
The Presidency has debunked a reports that President Bola Ahmed Tinubu’s administration proposed an allocation of funds in the 2023 supplementary budget for the purchase of a N5.095 billion presidential yacht.
FG, States, LGCs share N739.96bn for Sept
The Federation Accounts Allocation Committee (FAAC) has shared to the three tiers of government, N739.965 billion as federation allocation for September.
FISCAL FEDERALISM: Lagos demands one percent in Revenue Allocation Formula
Lagos State Government on Monday demanded for one percent share in the revenue allocation formula, maintaining that the special status of the State and its prosperity directly or indirectly has multiplying effects on the South-West region and the entire country.
CBN Suspends sale of Forex to Bureau De Change
The Central Bank of Nigeria (CBN) has discontinued the sale of foreign exchange to Bureau De Change (BDCs).
SERAP asks Court to slash jumbo allowances for Buhari, Governors, NASS members
The Socio-Economic Rights and Accountability Project (SERAP) has petitioned the Federal High Court in Abuja to “order the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) and the National Salaries, Incomes, and Wages Commission (NSIWC)to carry out their statutory duties by reviewing the remuneration and allowances of President Muhammadu Buhari, Vice-President Yemi Osinbajo, 36 governors, and members of the National Assembly.”