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Group Commends Move to Transfer Allocated Fund Directly to Local Governments
Group Commends Move to Transfer Allocated Fund Directly to Local Governments
By: Michael
Mike
A group, Northern Christian Youth Professionals (NCYP) has commended the landmark move to ensure the direct transfer of Local Government revenues from the Revenue Allocation Account Committee into the bank accounts of Local Government Councils, noting that this development aligns with the Supreme Court’s historic judgment of July 11, 2024, which affirmed the financial autonomy of local governments, upholding the Federal Government’s suit to enhance their independence.
The group recalled that in a unanimous ruling by a seven-member panel led by Justice Emmanuel Agim, the Supreme Court declared it unconstitutional and illegal for governors to receive and withhold funds allocated to local governments and mandated that local governments must now receive their allocations directly from the Accountant-General of the Federation.
The group said its findings, corroborated by a report by a national daily revealed that a dedicated unit within the Office of the Accountant-General of the Federation (OAGF) has been established to oversee the direct disbursement of funds to the 774 local governments across Nigeria.
The NCYP however expressed concerns about the preparedness of Local Government Council Chairmen to effectively manage these funds and the readiness of grassroots communities to collaborate with their councils to ensure these resources are optimally utilized for development, as this financial autonomy takes effect.
The group, while commending the federal government’s action to give teeth to the decision of the apex court, however highlights that many Local Government Councils are unaccustomed to managing significant funds independently, noting that to avoid inefficiencies and misuse of resources, “it is essential to establish synergy between council leaders and the people.”
The group in a statement signed by its Chairman, Isaac Abrak urged Local Government Chairmen to organize town hall meetings and engage their communities to identify priority projects that meet the most pressing local needs; ensure transparency and accountability by providing regular updates on the utilization of funds to foster trust and collaboration with their constituents.
It also advised that citizens at the grassroots should form forums, collaborating with their councils to monitor allocations and expenditure; hold local governments accountable by demanding transparency and ensure resources are effectively used for community development.
NCYP also called on civil society organisations and advocacy groups to step in by organizing sensitization programmes and town hall meetings to educate citizens on their role in holding local governments accountable.
It urged financial regulatory bodies such as the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to establish dedicated units to monitor fund utilization and prosecute offenders, noting that the National Orientation Agency (NOA) also has a critical role in reorienting Local Government Councils and grassroots communities on the importance of these funds for grassroots and national development.
Abrak said: “While we commend President Bola Tinubu’s administration and the committee led by the Secretary to the Government of the Federation, Chief George Akume, for their dedication to implementing the Supreme Court judgment, we call for periodic training workshops focusing on budgeting and the use of modern IT tools. It is imperative to emphasize to Council Chairmen the importance of publicly disclosing their budgets, as this will not only enhance effective governance and accountability at the grassroots but also protect them from false accusations or political blackmail.
“We also commend the state governors for their support of Local Government autonomy and emphasize that the essence of this autonomy is to drive grassroots development and not to impose a burden on them. However, it is crucial for Local Government Chairmen to exercise prudence and resist mismanagement of funds. Reports of chairmen appointing excessive aides, such as over 100 in some cases, raise concerns about frugality and the proper use of resources.”
The group stressed that the Local Government Councils, being the closest tier of government to the people, have immense potential to drive development, noting that: “The success of Counties (America’s version of our LGAs) in the United States as powerful entities with efficient systems, including education, can serve as a model for Nigerian LGAs.”
It also said: “As a critical pillar of the fourth estate, organized media plays a vital role in ensuring that funds sent directly to Local Government Councils are utilized judiciously. Media organizations should establish dedicated desks to consistently report on the progress made by Local Government Councils and shed light on their challenges. By doing so, the media can facilitate continuous dialogue among the related organs of the Federal Government, LGAs, and citizens, driving the formulation of effective solutions and fostering sustainable development at the grassroots.
“Finally, we emphasize that empowering the grassroots is fundamental to achieving national development. The success of this initiative will strengthen the bond between citizens and the government, fostering a deeper sense of nationalism, patriotism, and the core values needed for Nigeria to realize its potential as a leading force in Africa and on the global stage. This progress will undoubtedly have a positive ripple effect across the continent.”
Group Commends Move to Transfer Allocated Fund Directly to Local Governments
News
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.
The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.
They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.
“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.
“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.
According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.
“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.
“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”
The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.
They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.
They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.
They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.
“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
Troops neutralise bandit, recover arms in Plateau raid
By: Zagazola Makama
Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.
Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.
According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.
“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.
The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.
The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.
Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.
Troops neutralise bandit, recover arms in Plateau raid
FG Urges NSCDC to Boost Intelligence as Interior Minister Decorates 113 Senior Officers
By: Michael Mike
The Federal Government has called on the Nigeria Security and Civil Defence Corps (NSCDC) to strengthen intelligence gathering and operational readiness in the face of rising security threats across the country.
The call was made by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, during a ceremony to decorate 113 newly promoted NSCDC commandants. The minister, represented by the Secretary of the Civil Defence, Corrections, Fire and Immigration Services Board (CDCFIB), Maj. Gen. Abdulmalik Jibrin (Rtd), commended the Corps for its role in protecting critical national infrastructure, lives, and property.
Tunji-Ojo emphasized the need for strategic intelligence mapping to counter emerging threats, particularly as the Corps now shoulders additional responsibilities for the protection of Very Important Personalities (VIPs), a role previously managed by the Nigeria Police Force.
He encouraged the newly promoted officers and all personnel to uphold the confidence placed in the service by President Bola Tinubu, noting that the merit-based promotions are designed to boost morale and enhance performance.
The Commandant General of NSCDC, Professor Ahmed Audi, urged the officers to mentor subordinates, embrace leadership responsibilities, and adhere strictly to merit-based postings. He warned against lobbying for preferred postings, affirming that performance and dedication would guide all administrative decisions.
Representing the promoted officers, Commandant Ekanem Ekpenyong pledged unwavering commitment to duty, promising to uphold integrity and the Corps’ Oath of Allegiance.
In a key highlight of the ceremony, the Corps’ National Public Relations Officer, Afolabi Babawale was promoted to the rank of Assistant Commandant. The event also featured goodwill messages from the Controller General of Corrections, the Controller General of the Federal Fire Service, and representatives from the Nigerian Army, Navy, Air Force, Police, and the Department of State Services.
The ceremony underscored the Federal Government’s resolve to strengthen the NSCDC and reinforce its role in Nigeria’s security architecture.
FG Urges NSCDC to Boost Intelligence as Interior Minister Decorates 113 Senior Officers
NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers
Troops neutralise bandit, recover arms in Plateau raid
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