By Tunde Opalana Twenty – eight states across the country have drawn from a pool of $68 million business reform initiative by the Federal Government. The initiative which is part of the economic reformation programmes of the Tinubu administration focus on easing doing business and attracting foreign investment in local economic activities. To ensure proper […]
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. The […]
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 […]
…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 […]
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 […]
…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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
…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 […]
*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 […]
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 […]
… 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 […]
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 […]
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 […]
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 […]
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 […]