This initiative marks the beginning of the financial autonomy for the third tier of government, which is set to take effect this month.

The initial gathering of the Federation Account Allocation Committee (FAAC) for this year is set for Wednesday, where key operational details regarding direct fund distributions to the local governments are anticipated to be a major focus.

“Most of the 774 LGAs will fully start receiving their allocations from January 2025.

“Our committee will reconvene later this month to review its progress and finalise measures before the Accountant-General of the Federation (AGF) issues authorisation for the complete rollout.

“No challenge to carry out the approval from the Minister to start making the disbursements to the LGAs. There won’t be a challenge because it’s something they (ministry officials) do day in day out for the states.

“A whole department is in charge of it, so it’s not going to be a challenge. The structure has been on the ground. I can confirm that,” a source told The Nation.

It was also reported that the Inter-Ministerial Committee will also tackle the actions of certain governors who are trying to erode the independence of democratically elected Local Government Area Chairmen, their Deputies, and Councilors.

The post FG, States Set for Direct Revenue Allocation to Local Govts appeared first on Daily Dates Nigeria.

Madein, was a Director of Finance and Accounts in the Office of the Head of the Civil Service of the Federation.

The new AGF is replacing the former AGF, Ahmad Idris, who was sacked over alleged fraud and is being tried by the Economic and Financial Crimes Commission (EFCC).

Her appointment was announced in a circular on Friday by the Head of the Civil Service of the Federation, Dr Folashade Yemi-Esan.

The post Buhari Appoints Madein As Nigeria’s Accountant-General of the Federation appeared first on Daily Dates Nigeria.

Idris was arrested by the Economic and Financial Crime Commission over alleged diversion and laundering of N80 billion, Daily Dates Nigeria had reported.

In reaction to this, the Minister of Finance, Budget and National Planning, in a letter dated May 18, 2022, said the suspension “without pay” was to allow for “proper and unhindered investigation” in line with public service rules.

The post Finance Minister Suspends AGF Ahmed Idris Over Fraud Investigation appeared first on Daily Dates Nigeria.

The post Breaking: EFCC Arrest AGF Ahmed Idris Over Fraud appeared first on Daily Dates Nigeria.