Tag: allocation
-
NDDC received N6trn allocation in 19 years – FG
The Federal Government on Thursday said it allocated N6trn to the Niger Delta Development Commission (NDDC) between 2001 and 2019.
-
BREAKING: FG breaks silence on Obaseki’s claim of printing N60bn to support March allocation
he Federal Government has denied it printed N60bn to augument March allocation to States as alleged by Edo Governor Godwin Obaseki. It described the allegation by Obaseki as untrue and sad. Minister of Finance, Budget and National Planning, Zainab Ahmed, told State House correspondents: “The issue that was raised by the Edo State Governor for…
-
Obaseki sparks nationwide controversy over claims FG printed N60bn to augment depleted March allocation
Ever since Edo State Governor, Godwin Obaseki raised the alarm that Nigeria might collapse economically because of global shrinking oil revenue which happens to be the nation’s mainstay, Nigerians have continued to question the federal government fiscal policies. TheNewsGuru.com, TNG reports that Governor Obaseki revealed that the federal government printed about N60 billion to augment…
-
ICYMI: How FG, States, others shared N3.88trn in 6 months
The Federation Accounts Allocation Committee (FAAC) shared N3.879 trillion to the Federal Government, states, local government areas and other statutory recipients in the first half of 2020. This was contained in the latest edition of the quarterly report on the review of the Nigeria Extractive Industries Transparency Initiative (NEITI) released in Abuja, on Tuesday. A…
-
FG commences deduction of N614b budget support facility from states’ allocation this month – Finance Minister
The federal government will start recovering the N614 billion budget support facility from state governments this month. Minister of Finance Mrs. Zainab Ahmed made this disclosure in Abuja on Tuesday while presenting the draft 2020 to 2022 Medium Term Expenditure Framework and Fiscal strategy Paper. Ahmed stated that the states will start getting direct debits…
-
Average police station in Nigeria receives N30,000 per quarter as allocation – Owoseni
A former Commissioner of Police in Lagos and Benue States, Mr Fatai Owoseni, has disclosed that what an average police station in Nigeria gets as allocation per quarter for its operations is not more than N30,000, amounting to N10,000 a month. Mr Owoseni, who retired from the police force in December 2018, made this disclosure…
-
No half truth in allegation that NASS reduced budgets – Fashola tells NASS
Minister of Power, Works and Housing, Mr Babatunde Fashola has expressed deep concern over the recourse of the National Assembly’s Spokespersons to name calling over his observations on the 2017 Budget. Fashola who made the statement through his Special Adviser on Media, Mr Hakeem Bello, said he was worried that the National Assembly Spokespersons failed…
-
Osun receives lowest allocation as FG, States, LGs share N1.4trn in first quarter
…as Akwa Ibom, Osun emerge highest and lowest recipients respectively The Federal Government, the 36 states and their local government areas have so far shared N1.4 trillion from the federation account, being revenue generated in the first quarter of 2017. A breakdown by Federation Account Allocation Committee (FAAC)on Sunday in Abuja, shows that key agencies…
-
FG’s refusal to release monthly allocation to Ekiti is vindictive – Fani-Kayode
Former minister of aviation, Chief Femi Fani-Kayode on Wednesday said Federal Government’s refusal to release the monthly allocation to Ekiti State Government is petty, vindictive and reprehensible. Simply because the courageous Ayo Fayose has become the rallying point of opposition against Muhammadu Buhari does not mean that the people of Ekiti state should suffer. I…
-
CBN denies reports of allocation of dollars
The Central Bank of Nigeria (CBN) has denied reports from some quarters that it allocates dollars unilaterally. A statement by Mr Isaac Okoroafor, Acting Director, Corporate Communications on Saturday in Abuja, decried the way some Nigerians chose to disparage those in leadership at this time in total insensitivity to the larger interests of the Nation’s…