Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Fixed Income Investors Boost Treasury Bills Holdings, Yields Ease

    July 14, 2026

    Naira Trades Sideways Against USD as FX Pressure Tempers

    July 13, 2026

    XRP Price Dives Ahead of July 17 U.S. House CLARITY Hearing

    July 13, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Fixed Income Investors Boost Treasury Bills Holdings, Yields Ease
    • Naira Trades Sideways Against USD as FX Pressure Tempers
    • XRP Price Dives Ahead of July 17 U.S. House CLARITY Hearing
    • Equities Investors Lose N1.3trn as NGX Bears Strike Again
    • Bitcoin Price Dips as Mining Firm BitFuFu Sells 184 BTC
    • SK Hynix’s 12.8% pop, 15.4% Crash Reveals Hidden Cost of IPO hype
    • Cardano Dips 4.3% Amid Founder Charles Hoskinson Exit Rumours
    • SOL Dips Amid SBI, Solana JV for Japan On-Chain Financial Market
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 14
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Lagos Assembly Seeks Financial Autonomy for LG Legislatures

    Lagos Assembly Seeks Financial Autonomy for LG Legislatures

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiSeptember 16, 2025 News No Comments2 Mins Read
    Lagos Assembly Seeks Financial Autonomy for LG Legislatures
    Mudashiru Obasa, Speaker, Lagos State House of Assembly
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Lagos Assembly Seeks Financial Autonomy for LG Legislatures

    The Lagos State House of Assembly has urged Gov. Babajide Sanwo-Olu to mandate the Ministry of Local Government & Chieftaincy Affairs to develop a framework for independent financing of local government legislatures.

    The House also called on the governor to support council autonomy and ensure training of councillors on financial management.

    The resolution followed a motion sponsored by Mr Ganiu Sanni (Kosofe 1) at Tuesday’s plenary, which was presided over by the Speaker, Mr Mudashiru Obasa

    Commenting on the motion, Obasa emphasised the need for financial independence of LG legislatures to strengthen grassroots democracy and governance.

    The speaker expressed concern over alleged retention of financial control by former local government chairmen in some councils through Council Managers and Treasurers.

    He said the problem persisted because ex-council chairmen remained signatories to accounts even after leadership transitions. The Speaker also called  on stakeholders to take action  to correct the anomaly.

    Speaking, Sanni said the 1999 Constitution recognises the legislative arm at the local government level as a key pillar of democratic governance.

    He explained that the arm of government was saddled with law-making, oversight, and representation. “However, local government legislatures currently rely on the executive arm for funding.

    “This is a practice that undermines separation of powers and exposes councillors to undue executive influence,”he said. Other lawmakers also spoke  in support of  the motion Mr Solomon Bonu (Badagry I) commended President Bola Tinubu for strengthening grassroots democracy,

    Mr Desmond Elliot (Surulere 1) said the Assembly’s reform efforts would be incomplete without granting autonomy to local government legislatures.

    On his part, Mr Nureni Akinsanya added that financial autonomy would empower institutions to function responsibly without external interference. Akinsanya noted that the State Assembly would continue to lead by example in legislative practice.

    The Assembly, thereafter, directed its Committee on Local Government Administration, Chieftaincy Affairs, and Rural Development to begin work on enacting a self-accounting law for the legislative arms of the councils. #Lagos Assembly Seeks Financial Autonomy for LG Legislatures#

    FG Sues Sowore, Facebook, X, for Allegedly Cyberbullying President Tinubu

    Lagos Assembly Obasa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Fixed Income Investors Boost Treasury Bills Holdings, Yields Ease

    Naira Trades Sideways Against USD as FX Pressure Tempers

    XRP Price Dives Ahead of July 17 U.S. House CLARITY Hearing

    Equities Investors Lose N1.3trn as NGX Bears Strike Again

    Bitcoin Price Dips as Mining Firm BitFuFu Sells 184 BTC

    SK Hynix’s 12.8% pop, 15.4% Crash Reveals Hidden Cost of IPO hype

    Add A Comment

    Comments are closed.

    Editors Picks

    Fixed Income Investors Boost Treasury Bills Holdings, Yields Ease

    July 14, 2026

    Naira Trades Sideways Against USD as FX Pressure Tempers

    July 13, 2026

    XRP Price Dives Ahead of July 17 U.S. House CLARITY Hearing

    July 13, 2026

    Equities Investors Lose N1.3trn as NGX Bears Strike Again

    July 13, 2026

    Bitcoin Price Dips as Mining Firm BitFuFu Sells 184 BTC

    July 13, 2026
    Latest Posts

    Fixed Income Investors Boost Treasury Bills Holdings, Yields Ease

    July 14, 2026

    Naira Trades Sideways Against USD as FX Pressure Tempers

    July 13, 2026

    XRP Price Dives Ahead of July 17 U.S. House CLARITY Hearing

    July 13, 2026

    Equities Investors Lose N1.3trn as NGX Bears Strike Again

    July 13, 2026

    Bitcoin Price Dips as Mining Firm BitFuFu Sells 184 BTC

    July 13, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.