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Lagos Governor Proposes 42% Revenue Allocation To States

Lagos State Governor, Babajide Sanwo-Olu, on Monday canvassed 42% share of the revenue in the Federation Account to states in order to correct the fiscal imbalances in the nation’s political structures. The Governor made the submissionat the 2-Day South-West Zonal public hearing organized by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to flag off […]

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FG, Other Tiers Shared N1.92Trn In Q1, 2019 – NBS

The National Bureau of Statistics (NBS) has reported that a total sum of N1.92 trillion was disbursed by the Federation Account Allocation Committee (FAAC) to three tiers of government in first quarter of this year. The bureau, in its latest report on monthly disbursements to the tiers of government indicated in January, the Federal, State […]

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Lagos Slides In Fiscal Sustainability Index Ranking, Rivers Tops Chart

The 2018 Fiscal Sustainability Index (FSI) report by BudgIT, a civil organization committed to transparency and accountability in Nigeria’s public finance system, has seen Lagos State, the most economically vibrant state nationwide, losing its ranking by two points, dropping from 2nd position in 2017 to 4th position this year. The FSI analysed the fiscal condition […]