Peter Chibundu The Federal Government, states and local government councils shared N2.338tn at the September meeting of the Federation Account Allocation Committee, representing a 22.2...
Continue reading
Peter Chibundu .Insist basic amenities still lacking nationwide .Atiku’s petrol subsidy pledge threatens economic gains- Yilwatda Joseph Okwuofu, Ibadan, Williams Akpan, Calabar, Daniel Dauda, Jos, Gbenga Olarinoye, Ilorin and Emmanuel Nlewedum, Port Harcourt The Federal Government’s disclosure that the removal of petrol subsidy generated ₦15.8 trillion in savings between June 2023 and December 2025 has triggered a fresh wave of public demands for accountability, with citizens questioning what the huge additional resources have achieved at federal, state and local government levels. The controversy intensified after the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed that ₦10.4 trillion of the savings was shared among state and local governments through the Federation Account, while the Federal Government received ₦5.4 trillion. Yet, citizens interviewed across several states said governments had not adequately demonstrated how the increased allocations had translated into improved living conditions. Daily...
Continue reading
Peter Chibundu . As CBN declares over $52.5bn in foreign reserves The Federal Government, the 36 states and the 774 Local Government Councils shared...
Continue reading
