Tag: Allocations

Subsidy removal: FG, states, LGs allocations hit N10.14tn

by Ikenna Ngere

March 20, 2024

The removal of subsidy on Premium Motor Spirit, popularly called petrol, pushed up the statutory revenue allocations from the Federation Account that was shared by the three tiers of government ...

Senate to amend CBN Act, bars governor from partisan politics

Budget: N’Assembly, six agencies allocations rise 40% to N1.4tn

by Ikenna Ngere

December 4, 2023

Federal allocations to lawmakers, judges, the Independent National Electoral Commission, and seven others is set to increase by 39.66 percent in 2024 to N1.38tn, an analysis of the 2024 budget ...