States seeking access to the World Bank-assisted Human Capital Opportunities for Prosperity and Equity (HOPE-GOV) funds must publicly disclose details of their education and primary healthcare contracts, the Federal Ministry of Budget and Economic Planning has said. The new requirement, according to the ministry, is aimed at strengthening transparency and accountability in the use of …
Borrowings by states and local governments from commercial banks fell to ₦2.13 trillion in June 2025, down from ₦2.68 trillion a year earlier. This represents a reduction of about ₦547.5 billion, or 20.4 per cent, in the review period. In a report on Monday, the CSL research firm said the trend reflects a deliberate effort …
Federation allocation to the federal government, states and local councils declined to N1.928 trillion in November, according to the Federation Account Allocation Committee (FAAC). A statement on Monday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa, stated that the revenue was shared at the …
