The ruling conferred financial independence on local governments in Nigeria, ensuring they control their finances and resources.
Mr. Segun Imohiosen, the Director of Information and Public Relations at the Office of the Secretary to the Government of the Federation (OSGF), revealed this in a statement on Tuesday in Abuja.
According to him, Sen. George Akume, the Secretary to the Government of the Federation, who formally launched the Inter-Ministerial Committee, will assume the role of chairman.
The committee’s members are the Minister of Finance and Coordinating Minister of the Economy, the Attorney General of the Federation (AGF), the Minister of Justice, the Minister of Budget and Economic Planning, and the Accountant General of the Federation.
The committee also includes the governor of the Central Bank of Nigeria (CBN).
Also on the list are the Permanent Secretary, Federal Ministry of Finance, Chairman, Revenue Mobilization Allocation and Fiscal Commission, representatives of state governors, and representatives of local governments.
The statement added: “The committee’s primary goal is to ensure that local governments are granted full autonomy, allowing them to function effectively without interference from state governments.
“This move is in line with President Bola Tinubu’s efforts to give appropriate implementation to the provisions of the Constitution, which recognizes local governments as the third tier of government.”
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