What States Government Received In 1st Payment of Paris Club Refund

The following are the amounts States Governments received in 1st Tranche of reimbursement of over-deductions on Paris Club Loans(Dec 2016): ABIA: N10,631,324,520.96 ADAMAWA: N4,894,891,184.12 AKWA IBOM: N14,500,000,000 ANAMBRA: N11,386,281,466.35 BAUCHI: N12,792,664,403.93 BAYELSA: N14,500,000,000 BENUE: N12,749,689,453.61 BORNO: N13,654,138,849.49 CROSS RIVER: N11,300,139,741.28 DELTA: N14,500,000,000 EBONYI: N8,385,035,086.76 EDO: N11,329,495,462.04 EKITI: N8,877,476,163.58 ENUGU: N9,972,928,301.97 GOMBE: N8,319,552,518.63 IMO: N13,021,497,640.32 JIGAWA:…

FG, states, LGs share N429bn allocation for February

A total of N429.127 billion was distributed among the three tiers of government in Nigeria at the end of the Federal Account Allocation Committee (FAAC) meeting, which wad held on Tuesday in Abuja. When compared with the amount the three tiers shared in January 2017, FAAC has hiked the figure by about 7.4 per cent…

Group says only 8 states make budgets transparent

An advocacy group, BudgIT, on Thursday said that only eight of the 36 states of the federation made their annual budgets transparent. The Head of Research in BudgIT, Mr Atiku Samuel, told the News Agency of Nigeria (NAN) in Lagos that only Lagos, Gombe, Bauchi, Ekiti and Kaduna ran transparent budgets. According to him, the……

FG, states on collision course over N522bn Paris Club loan refund

Governors of the 36 states in Nigeria, have set the ball rolling for a possible rift with the Federal Government over the fallout on how the states spent the N522 billion Paris Club loan granted them. The loan, which was guaranteed by the government at the centre, was shared to the states between December 2016…

FG Serving 1 Hot Meal A Day To Over 1 Million Pupils In 7 States

Laolu Akande, Abuja: The Federal Government has now released enough funds to start the serving of one hot meal a day to more than one million primary school pupils across seven States in the country, under the National Homegrown School Feeding Programme. This disclosure was made this morning by Mr. Laolu Akande, Senior Special Assistant…

Report exposes attempt by States to hide breakdown of N388bn refund from FG

Attempts by some states in the federation to hide the exact amounts they received as refunds on over-deduction on London-Paris Club loans may have been thwarted. A report published by The Nation newspaper on Saturday claimed that some governors had begged the Minister of Finance, Kemi Adeosun, not to make public the refunds made to…

Nigerian Governors Commend President Buhari For Integrating States

State Governors, as members of the National Economic Council, NEC, have expressed satisfaction with the way the Buhari presidency have been working with state governments in the management of the national economy, including the transparent leadership style of the Council chaired by Vice President Yemi Osinbajo, SAN. Indeed the Governors at the end of the…

FG, States, LGs share N386bn for November

A total sum of N386.879 billion 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 on Thursday. According to figures released by…

#News Summary 2nd November2016,Pres Buhari Engages Niger Delta Leaders

   President Buhari Engages Niger Delta Leaders Critical Stakeholders In The Oil Producing Areas Of The Country Under The Auspices Of Pan Niger Delta Forum Have Resolved To Do Everything Within Their Powers To End The Spate Of Militant Agitation In The Region So As To Help The Buhari Administration Succeed In Pulling The Nation’s…

Buhari Approves Ecological Fund Projects In 11 States

President Muhammadu Buhari Approved the Ecological Fund Projects in six states from the six geo-political zones. President Muhammadu Buhari has approved a number of ecological fund intervention projects for the 4th quarter of 2016 in eleven states spread across the six geopolitical zones. This is contained in a statement by the director Press, Bolaji Adebiyi…

FG, States, LGs share N420bn in September

The three tiers of government shared N420 billion as revenue for September as against N510.3 billion shared in August. The sum of N510 billion was shared in August. The Minister of Finance, Mrs Kemi Adeosun, said this in Abuja on Thursday at the monthly revenue allocation to Federal, States and Local Governments. She was represented…