Money

25 States to allocate 65% of N20.2trn budget to capital projects

DailyTimesNGR DailyTimesNGR 24 January 2025 0

BY MOTOLANI OSENI The 25 States that have so far released their budgets for 2025 plan to spend 65.7 per cent of the N20.2 trillion spending for the year on capital projects, notes of caution has been sounded on using the budget as a means of siphoning public funds ahead of the 2027 elections.

Politics

Palliative: Delta hails FG road projects measures in 36 states

DailyTimesNGR DailyTimesNGR 28 November 2023 0

By Nosa Akenzua The Federal Government has announced that palliative road projects in the 36 States and the Federal Capital Territory would commence before December 1, 2023. The Federal Minister of Works, Dave Umahi made this announcement in response to the growing concerns of the public on the deplorable situations of some Federal roads throughout […]

Headlines

Contractors disappear with N8.6b in 9 states -BudgIT

DailyTimesNGR DailyTimesNGR 9 November 2023 0

…Kebbi tops in capital projects execution …Bauchi leads in constituency projects …Abysmal performance by many Southern states BY STEPHEN GBADAMOSI A whopping N8.6billion paid to 26 contractors for 19 projects in nine States in the country developed wings. A fiscal scrutiny showed that the jobs were either not done at all or were abandoned, after […]

Editorial

EDITORIAL: States’ non-remittance of contributions to PENCOM

Ihesiulo Grace 10 December 2020 0

Recent reports indicate that 25 states of the federation are yet to remit the pension contributions of their respective workers under the Contributory Pension Scheme (CPS). Sadly, most of them are now battling to pay a backlog of pension arrears amounting to four hundred billion naira (N400 billion). The reports also reveal that while seventeen […]

Politics

Group to FG, states: Commence massive Covid-19 testing in all local governments

Ihesiulo Grace 28 April 2020 0

…seeks systematic easing, relaxing of lockdown The Federal Government and all the state governments across the country have been charged to mobilise resources to all local governments to ensure that massive Covid-19 testing is commenced as soon as possible and governments at all levels should be transparent with accurate data and reporting. Giving the charge […]

Business

COVID-19: EII cautions FG, states against extension of lockdown

Ihesiulo Grace 27 April 2020 0

To avoid further damage to the nation’s economy, Equity International Initiative (EII), a non-governmental organization has cautioned the federal and various state governments against further lockdown of the country as it said this may lead to a total collapse of the nation’s economy. Addressing a world press conference over the weekend, the Country Director of […]

Business Headlines

FAAC: FG, States, LGs get N647.35bn for January

Ihesiulo Grace 20 February 2020 0

The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N647.35 billion to the three tiers of government for the month of January 2020, representing a decline of 9.63 per cent when compared to N716. 29 billion shared in December 2019. The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N647.35 billion to the three

Business

How FG, States, LGs shared N8.15trn in 2019

Ihesiulo Grace 14 February 2020 0

Abuja – The Nigeria Extractive Industries Transparency Initiative (NEITI), said in Abuja on Thursday that the Federal, States, Local Governments and other statutory recipients by the Federation Accounts and Allocation Committee (FAAC), shared N8.15 trillion in 2019. NEITI disclosed this on it quarterly report. It said that the figure is N377 billion or 4.42 per […]

Featured

States can’t withdraw from minimum wage agreement — NLC

Ihesiulo Grace 12 December 2019 0

Abuja – The leadership of the Nigeria Labour Congress (NLC), has reiterated that the National Minimum Wage law is binding to all, and that state governors have no right to pay below N30,000. NLC President, Dr Ayuba Wabba, said this at a one-day review meeting on the New National Minimum Wage with state council chairmen. […]

News

FAAC: FG, States, LGs share N702.058bn for month of October

Ihesiulo Grace 21 November 2019 0

Abuja – The Federation Accounts Allocation Committee (FAAC) on Wednesday shared a total of N702.058 billion to the three tiers of government for the month of October. This was announced in a communique read by Accountant General of the Federation, Mr Ahmed Idris after the FAAC meeting in Abuja. Idris said that N702.058 billion comprised […]

Business News

36 States, FCT generate N691.11bn as revenue in first half 2019 — NBS

Ihesiulo Grace 12 October 2019 0

Abuja – The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states and the Federal Capital Territory (FCT) generated N691.11 billion as Internally Generated Revenue (IGR). The NBS said this in its “IGR at State Level for Quarter One and Quarter Two, 2019” report obtained from its website on […]

Business Headlines

States, FCT IGR hit N579.490bn in 6 months

Ihesiulo Grace 28 November 2018 0

…Grow revenue by 27.7% in H1 2018 …As Lagos, Rivers, Ogun, FCT top IGR table …Get N1.23trn allocation from FAAC in first 6 months The 36 States of the federation and FCT have recorded an Internally Generated Revenue (IGR) of N579.490 billion in the first half of 2018, as against N453.833 billion posted in the […]

Business Headlines

FAAC declines by N20bn as FG, States, LGAs share N635bn for Jan

Ihesiulo Grace 23 February 2018 0

*NEITI: 3 tiers of govt shared N6.41trn in 2017 The Federation Account Allocation Committee ( FAAC) has distributed N635.554billion to the Federal Government, 36 States and Local Government Areas as allocation for January 2018. The development showed a decline of about N20billion as the three tiers of government shared N655billion in December 2017. The FAAC […]

News

States receive N1.19trn as support from federal government since 2015

Ihesiulo Grace 14 February 2018 0

The federal government said it has so far supported the 36 states of the federation with N1.19 trillion naira since it assumed leadership in 2015. Vice President Yemi Osinbajo who disclosed this on Tuesday in Lokoja while declaring open, the first Kogi state Economic and Investment Summit, said the funds were made available to enable […]

Headlines News

FG approves N28bn support loan for 35 states

Ihesiulo Grace 24 November 2017 0

… Each state gets N800m to pay salaries, pensions The Federal Government may have succumbed to pressures from some state governors, as it has approved and directed the release of N28billion to 35 states of the federation, excluding Lagos state, as budget support facility. Giving the approval, each of the states is to get a […]

Headlines News

NDDC Should Collaborate with States, not Compete – Governor Ayade

Ihesiulo Grace 13 October 2017 0

The Cross River State Governor, Professor Ben Ayade, has stressed the importance of collaboration between the Niger Delta Development Commission, NDDC, and the different levels of government in the development of the Niger Delta region. Governor Ayade spoke when members of the Board and Management of NDDC paid him a courtesy visit at the Government […]

News

FG should stop paying states derivation funds -Bishop Emuh

Ihesiulo Grace 4 January 2017 0

The National Chairman of the Host Communities producing Oil and Gas (HOSTCOM), Bishop Mike Emuh, has urged the Federal Government to henceforth give express orders to the Revenue Mobilisation and Fiscal Committee to release the 13 percent derivation fund to his organization instead of what presently obtains whereby the state governments collect the money. Speaking […]

News

FG, States tasked on improved health care delivery

Ihesiulo Grace 24 December 2016 0

The Federal and state governments have been called upon to ensure improved primary healthcare delivery in the country. The call was made by a Non-Governmental Organisation, Save the Children International, during the commemoration of Universal Health Coverage (UHC) Day in Lagos recently, lamenting that the country loses no fewer than 109 children under-five per 1,000 […]

News

Npower verification of 200,000 graduates completed in 13 states

Ihesiulo Grace 19 December 2016 0

As the Federal Government prepares to commence the payment of monthly stipends to the 200,000 graduates engaged under the N-Power job creation programme of the Buhari administration, 13 states of the federation have now submitted verified lists of the graduates and more expected later this week. Disclosing this on Sunday while giving a news update […]

Headlines News

States consider inputs into national economic recovery plan

Ihesiulo Grace 24 November 2016 0

Commissioners of Budget and Economic Development and Permanent Secretaries of related departments in States of the Federation on Thursday gathered in Abuja to contribute ideas and consider inputs into the National Economic Recovery and Growth Plan (ERGP). The gathering was part of the Federal Government initiative to harvest inputs from all segments of the country […]