You Are Here: Home » Posts tagged "States"

FG, States And LGC’s Share N429.127 Billion For The Month Of February 2017

A total of N429.127 billion has been distributed  as Federal Allocation for the month of February, 2016 to  Federal Government, State Governments and Local Government Councils. The  communiqué issued by the Technical sub-Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting held today in Abuja, indicated that the gross statutory revenue received for the month is  N290.163 bi ...

Read more

Paris-London Club Refunds: Col Umar Asks Buhari To Suspend Order To CBN,Ministry

Former Governor of Kaduna State , Colonel Abubakar  D. Umar (Rtd) has asked President Muhammadu Buhari to suspend his order to the Central Bank of Nigeria,CBN  and the Federal Ministry of Finance to pay the second tranche  of Paris Club as well as London Club refunds to states. In a statement on Monday, Umar  described as shocking,  the revelations that governors contracted consultants  at  exorbitant fees ...

Read more

FG, States And LGC’s Share N465.149 Billion For The Month Of January 2017

A total of N465.149 billion has been distributed as Federal Allocation for the month of January, 2017 between the  Federal Government, State Governments and Local Government Councils. The  communiqué issued by the Technical  sub -Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting indicated that the Gross statutory revenue received is N324.990 billion which is  higher by N ...

Read more

NEC Adopts Nominees For NSIA Job As FG Begins Audit Of States’ Budget

At the  NEC meeting in Abuja Thursday Minister of Finance reported that a member each from the six geo-political zone has been nominated. They  are: Mrs. Halima Buba, North-East; Mr. Bello Maccido,North West; Ms. Lois Laraba Machunga-Disu,North Central; Mr. Babajide Zetilin,South West; Mr. Urum Kalu Eze, South East and South-South – Mr. Abue Ighodalo A statement by Laolu Akande, spokesman of Nigeria's  Acti ...

Read more

Jigawa Approves N50m Towards Northern States’ ‘Economic Structure and Fund’

The Jigawa State Government has approved the payment of Fifty Million Naira (N50, 000,000.00) Only as party of its contribution towards the take off of a Northern economic structure and fund which will enable the states establish financial institutions. This approval was part of the resolution of the Executive Council Meeting held on Friday,27th January . According to the resolution signed by Hon Commission ...

Read more

Analysis: Sokoto’s 2017 Agric Allocation Supercedes Others

By Abayomi Fidelis With allocation of N14.6 billion to agriculture in the 2017 budget, Sokoto State has allocated more funds to the sector than all states in the federation, an analysis of this year’s budget estimates from across the country has shown. Sokoto’s 2017 allocation followed a pattern from last year when Governor Aminu Waziri Tambuwal allocated over N14 billion to the sector. Being the mainstay o ...

Read more

Food Security: Ambode Unveils Plans To Integrate South West States

Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday unveiled plans by his administration to integrate the six States in the South West region to the food security drive of the State Government especially in addressing the demand and supply deficit for the overall benefit of the people. Governor Ambode, who spoke at Lagos House in Ikeja when he received the Ooni of Ife, HIM Oba Enitan Adeyeye Ogunwusi on ...

Read more

N510 Bn Budget Support Facility: FG Commences Independent Monitoring of State Finances

(Press Release) The Federal Government has commenced independent review of State financial management by appointing eight reputable accounting firms including KPMG, Ernst & Young and PWC to monitor and evaluate the implementation of the 22-point Fiscal Sustainability Plan (FSP) which specified the conditions under which 35 State Governments in June 2016 started accessing the N510 billion Budget Support ...

Read more

FAAC Disburses N386bn to FG, States, LGCs in November 2016

A total sum of N386.879billion has been disbursed as Federal Allocation for the month of November 2016 for the  Federal Government, State Governments and Local Government Councils of the Federation. The figure was released  after the meeting of the monthly Federation Account Allocation Committee (FAAC) in Abuja today. According to the figures released by Office of the Accountant General of the Federation, t ...

Read more

FG Reimburses States N522.74 Billion Over-Deducted From FAAC

State Governments have submitted to the Federal Government (FG), claims of over-deductions for external debt service arising between 1995 and 2002 as a result of First Line Charge deductions from the Federation Account Allocation Committee (FAAC) allocations. An official statement Friday said these debt service deductions are in respect of the Paris Club, London Club and Multilateral debts of the FG and Sta ...

Read more

FG, States, LGs Share N420,000 Billion Allocation For October, 2016

A total of N420billion has been shared as Federal Allocation for the month of October 2016 by  the  Federal Government, State governments and Local Government Councils after the monthly meeting of the Federation Account Allocation Committee (FAAC) According to the figures released by Office of the Accountant General of the Federation, the gross statutory revenue of N238.716 billion received for the month wa ...

Read more

CNPP Laments States’ Inability to Pay Salaries, Commends Enugu, Rivers, Lagos

The Conference of Nigeria Political Parties (CNPP) has bemoaned the inability of 33 states of the federation to pay salaries, commending the Enugu, Rivers and Lagos States. The Conference noted that Governor Ifeanyi Ugwuanyi deserves a special commendation for making it among the three, despite its status as a civil servant state, with low Internally Generated Revenue (IGR). A recent BudgIT report had revea ...

Read more

© 2015, NewsdiaryOnline. Powered By: Detech Technologies

Scroll to top