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On Monday, at the opening of a 2-day South-West zonal public hearing on the review of revenue allocation formula organized by the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Babajide Sanwo-Olu, Lagos State Governor, demanded special status recognition for the state.
A total sum of N120 billion was spent by the Nigerian government to augment FAAC revenue shortfalls between January and July 2021.
In the last 12 years, 15.5 trillion were duly transferred to states on behalf of the 774 local governments, yet there is no public information on what portion of that 15.5 trillion, each local government received
Take a second to imagine how much your state received from the monthly Federal Account Allocation Committee (FAAC) disbursement in December 2018. Consider your local government’s budget as well. What numbers did you come up with?
