Tag: states
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We’ve shared N1.9trn to states from Paris Club refund – Osinbajo
The Federal Government said on Tuesday that it had so far shared N1.9 trillion among states as support from the Paris Club Refund. The Vice President, Prof. Yemi Osinbajo, made this known in his address at the ongoing fourth edition of the Ogun Investors’ Forum in Abeokuta. The theme of the programme, which is scheduled…
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We have released N1.19 trillion support funds to states since 2015 – Osinbajo
Vice President, Prof. Yemi Osinbajo on Tuesday confirmed that the President Muhammadu Buhari led Federal Government has released over N1.19 trillion support funds to states between 2015 and September 2017. According to the Vice President, the assistance came in form of the Excess Crude Account, the Paris Club refund and budget support loans, among others.…
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Fulani herdsmen will lord over states that accept cattle colonies – Omokri
Reno Omokri, former aide to ex-president Goodluck Jonathan has opined that states that approved cattle colony proposed by federal government will face dire consequences of their decision. Omokri on Saturday revealed that Fulani herdsmen will keep requesting for more piece of land once cattle colony is approved. According to him, this will lead to increase…
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States enacting anti-open grazing law to blame for herdsmen killings – FG
The Federal Government on Thursday blamed the passage of anti-open grazing law in some states as the cause of the recent killings by Fulani herdsmen in the affected states. Recall that the herdsmen recently murdered over 60 people in Benue State. Governor Samuel Ortom had also alleged that he had earlier informed the federal government…
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FAAC: FG, States, LGs share N655bn revenue in December
The federal and the other tiers of government on Tuesday shared a total of N655.177 billion as revenue that accrued to the Federation Account and proceeds of the Value Added Tax in December 2017. The money was shared at Federation Account Allocation Committee (FAAC) meeting in Abuja yesterday. Addressing journalists at the end of the…
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FAAC: FG, States, LGs share N609.95bn revenue in November
The Federation Account Allocation Committee (FAAC) distributed N609.95 billion to Federal, States and Local Governments as revenue generated in November. This is N77.25 billion more than what it shared in October, Ahmed Idris, the Accountant-General of the Federation said. Mr. Idris said that after the cost of collection deductions by FIRS, Customs and DPR, the…
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Most states yet to meet up with FG’s conditions for budget support – Adeosun
The minister of finance, Mrs. Kemi Adeosun has said some state governments are yet to fully comply with the with conditions for the Budget Support facility as agreed under the Fiscal Responsibility Plan. She added that particular states are yet to publish the mode of their financial disbursement, while some others have also not completed…
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Dwindling allocation: We won’t borrow to bridge funding gap – States
Governments of the 36 states of the federation have ruled out borrowing to bridge their funding gaps. The unanimous decision of the states was communicated on Tuesday through the Adamawa State Commissioner for Finance and the chairman of the Finance Commissioners Forum, Mahmood Yunusa. Yunusa told reporters at the end of the Federation Account Allocation…
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FG, States, LG share N637.7bn revenue in September
The Accountant-General of the Federation, Mr Ahmed Idris, has disclosed that the Federal Government, States and Local Governments shared N637.704 billion in September. Idris made this known at the end of the monthly Federal Accounts Allocation Committee (FAAC) meeting on Thursday in Abuja. He said that the sum indicated a rise in the revenue shared…
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We are not against states developing power projects – FG
The Federal Government on Thursday said it was not against state governments developing their own power projects to support development and supply of incremental power. The Minster of Power, Works and Housing, Mr Babatunde Fashola, reiterated the position of the Federal Government at a meeting of the National Council on Power (NACOP) in Jos. “I…