public finance

Nigeria's 774 local government areas received N5.5 trillion in FAAC disbursements during 2025, yet widespread infrastructure deficits and service delivery gaps raise questions about fund utilization and accountability at the grassroots governance level.

Investigations reveal widespread underdevelopment across Nigeria's local government areas despite receiving N5.5 trillion in federal allocations during 2025, exposing systemic governance failures and continued state-level interference in third-tier administration.

Nigeria spent N10.81 trillion servicing debt in nine months of 2025, while President Tinubu's executive order aims to increase revenue distribution across government tiers amid mounting fiscal pressures.

The Fiscal Responsibility Commission and Economic and Financial Crimes Commission have formalized a strategic partnership to close enforcement gaps in the Fiscal Responsibility Act 2007, marking a significant step toward enhanced fiscal transparency and accountability.

The East African Community faces institutional collapse after member states failed to remit annual contributions, leaving regional lawmakers unpaid and key institutions including the legislative assembly and court of justice unable to function.