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The Federal Government has not yet commenced direct payment of monthly allocations to Nigeria’s 774 local government areas.
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, explained that the Supreme Court’s proceedings had not yet been communicated to the Attorney General of the Federation for proper study and implementation.
Recall that on July 11, 2024, a seven-man panel of the Supreme Court granted financial autonomy to the local governments, a decision opposed by some state governors.
The apex court emphasised the division of government power into three tiers: federal, state, and local governments.
Edun highlighted that the process is still in its early stages, and further steps will be taken once the full details are available.
He stated that a committee has been set up by the FG to look at the practicability of the judgement.
“The actual proceeding has not been handed down to the AGF,” Edun stated on Thursday at a quarterly media briefing on recent economic activities in the country.
Saturday PUNCH gathered that allocations from the Federation Account to the 774 LGs have increased by N900bn in the last 12 months.