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FG Sets up Special Unit as Implementation of LGAs Financial Autonomy Begins

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FG Sets up Special Unit as Implementation of LGAs Financial Autonomy Begins

The Federation Account Allocation Committee (FAAC) is scheduled to hold its first meeting of the year on Wednesday this week, during which operational details for direct fund allocations to Local Government Areas (LGAs) are expected to be a key agenda item.

Necessary structures and processes are believed to have been put in place to ensure smooth implementation, as most of the 774 LGAs will fully start receiving their allocations from January 2025. 

The finance minister, Wale Edun who is also the coordinating minister of the economy, has already approved the direct fund disbursement plan.

The committee will also address attempts by some state governors to undermine the autonomy of democratically elected LGA officials, including chairmen, deputies, and councilors.

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