This is disclosed in a communique issued by the FAAC at the end of its January 2024 meeting on Tuesday.
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The Senate decision was sequel to the motion sponsored by the Senate Minority Leader, Senator Abba Moro.
The lawmaker expressed dissatisfaction to the dissolution of elected councils in Benue State.
President Tinubu made this call on Tuesday in Lagos at the 40th Anniversary Lecture of The Guardian Newspaper.
The Federal Government also recommended a reduction in the vertical allocations to it and State Governments.
The Federation Accounts Allocation Committee on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October.
The inauguration took place at the Oredo Local Government Headquarters, Benin City.
The Peoples Democratic Party, Oyo State Chapter has hailed the ruling of an Oyo State High Court, sitting in Ibadan, which granted a stay of execution of a judgment which prevented the state government from removing local government Chairmen and Councillors.
The Nigeria Union of Local Government Employees says most local government councils in the South East have been granted financial autonomy in line with the Nigerian Financial Intelligence Unit directive.
“In my state, nine local governments, out of the 13, cannot pay salaries with their allocations from the federation account. It means they will have to borrow every month, to meet that obligation,” Sule said on Saturday in Awe.
The Ogun House of Assembly on Thursday directed Lamidi Mulero, the nominee for the post of Auditor-General for Local Governments, to appear before it for screening on Friday.
The Accountant-General of the Federation, Ahmed Idris, on Tuesday said the Federal Government shared N617.56 billion as revenue generated in March to the three tiers of government.
The Peoples Democratic Party governorship candidate in Ogun, Senator Buruji Kashamu, has pledged that local governments in the state would experience transformation if voted into power.
Impressive turn-out of voters on Saturday was the hallmark of the governorship election in Ekiti State and results may be announced earlier than expected as voting has been seamless in many polling units.
“Among the actions to be taken are peaceful protests to Lagos State Governor’s office, Lagos State House of Assembly, APC State Secretariat and National Human Rights Commission Lagos office
A group, under the aegis of the Concerned Udu Political Forum (CUPF) on Sunday threatened to resist an alleged fraud perpetrated by the Peoples Democratic Party (PDP), Delta State Chapter and State Independent Electoral Commission (DSIEC).