The Federal Government will this month begin direct payment of monthly allocations to the 774 local governments.
The commencement marks the termination of an age-old practice whereby the allocations are channelled through states.
In furtherance of the new development made possible by a Supreme Court judgment passed over five months ago, a dedicated unit is now in place in the Office of the Accountant General of the Federation (OAGF) to handle direct disbursement of funds to the 774 local governments.
This is according to The Nation, citing unnamed sources with knowledge of the matter.
“The first meeting of the Federation Account Allocation Committee (FAAC) for this year has been scheduled for Wednesday with operational details for direct fund allocations to the LGs expected to feature prominently,” the publication wrote.
“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,” it further quoted a source as saying.
SOURCE: orijoreporter.com