In a landmark disbursement, the Federal Government of Nigeria, alongside state and local government councils, has shared a staggering N1.703 trillion in revenue from the Federation Account for January 2025.
The announcement was made via the official X handle of Nigerian Stories, citing the Office of the Accountant General of the Federation (OAGF) as the source.
This unprecedented revenue allocation is expected to fuel various developmental projects across the country, including infrastructure, education, healthcare, and security. Analysts suggest that the sharp increase in allocations could be linked to improved revenue generation strategies, oil sector earnings, and tax collection efforts.
While the Federal Government is expected to take a significant portion of the disbursement, states and local governments will also receive substantial funds to support governance at their respective levels. Economic experts emphasize the importance of transparency and accountability in utilizing these funds to address the nation’s pressing economic and social challenges.
More details on the revenue breakdown and how each tier of government intends to utilize the funds are expected to emerge in the coming days.
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