Tag: State
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VAIDS: FG reviews states, private sector’s pleas for extension of deadline
…Insists Tax Evaders Risk Prosecution, Seizure of Properties The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Saturday confirmed that the Federal Government was currently reviewing the requests by the States and Private Sector for an extension of the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS). The tax amnesty programme, which…
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FG, States to earn $361bn from Lekki deep sea port – ICRC
The Federal Government and the 36 states are expected to earn about 361 billion dollars as revenue when operation begins at the Lekki deep sea port in Lagos. Lekki Port, a multi-purpose, Deep Sea Port at the heart of the Lagos Free Trade Zone, Lekki Port will be one of the most modern ports, supporting…
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2019: I won’t seek re-election if I fail to achieve my goals for Abia state – Gov Ikpeazu
Gov. Okezie Ikpeazu of Abia, says he would only seek re-election in 2019, after successful completion of projects initiated by his administration across the state. Ikpeazu disclosed this while speaking in a political programme “Osinachi”, at the Broadcasting Corporation of Abia monitored in Aba on Friday. “There are a few things which I am saying…
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PDP accuses Masari govt of misusing N400bn state fund
The Peoples Democratic Party (PDP) has accused the Katsina State Government of misusing over N400 billion generated by the state in the last 31 months. Alhaji Salisu Majigiri, the State Chairman of PDP said at a press conference on Tuesday in Katsina, that the over N400 billion was “misused by top government officials”. He said…
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FG, States, LGs share N532.7bn in October
The Federal, States and Local Government in October shared N532.7 billion which shows a decline of N25.3 billion when compared to what they shared in September. The Permanent Secretary of the Ministry, Mahmoud Isa-Dutse, said this on Thursday in Abuja while briefing journalists on the outcome of the monthly Federal Account Allocation Committee, FAAC. Mr.…
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States’ debt profile increase to N3.89trn in 2016 – BudgiT
A civic technology organization, BudgiT Nigeria has expressed concern over the rising debt (domestic and foreign) profile of the 36 states of the federation. According to BudiT, the debt profiles which was N3.03 trillion in 2015 increased to N3.89 trillion in 2016. This was revealed on Thursday in Abuja by the Lead Partner of BudgIT,…
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Mounting debt profile: DMO bars states from further borrowing
…urges states to be more proactive in generating funds internally The old practice where States had easy access to borrowing from either foreign or local borrowing windows has now been halted. The new Director –General of the Debt Management Office (DMO), Ms. Patience Oniha made this disclosure yesterday in Abuja when the Edo State Governor,…
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Nigeria not ripe for state police — IG
The Inspector General of Police, Ibrahim Idris, says Nigeria does not yet have the political maturity to operate state police. Instead, the country should improve funding for the agency under the current arrangement, Mr. Idris stated this on Thursday in Abuja at a meeting with the Nigeria Governors Forum. The IG said he was not…
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Full Analysis: FG, States, LGs share N462bn for May
A total of N462.359 billion has been distributed as Federal Allocation for the month of May 2017 to the Federal Government, State Governments and Local Government Councils. This is contained in a communiqué issued by the Technical sub-Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting held Thursday in Abuja. The…