Tag: states
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FG commences payment of second tranche of Paris Club refund to states
The Federal Government on Monday commenced the payment of the second tranche of the Paris Club refund to states of the federation. According to a report by The Nation, Ekiti, which got N9.5 billion in the first tranche, has received another N4.772 billion; Abia got N5.715 billion.The state received N11.4 billion in the first tranche.…
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FG approves use of promissory notes to offset contractors, states’ debts
The Federal Executive Council (FEC) on Wednesday approved promissory notes for offsetting the debts owed contractors and state governments. This was revealed by the Minister of Finance Mrs Kemi Adeosun to State House correspondents at the end of the Federal Executive Council (FEC) meeting at the Presidential Villa in Abuja. With her were Federal Capital…
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FG, States to partner private sector in construction, rehabilitation of prisons – NEC
The federal and state governments have agreed to partner the private sector in the construction and rehabilitation of prisons across the country, Ebonyi governor Dave Umahi, has said. Umahi made the statement on Thursday in Abuja while briefing State House correspondents on the outcome of the meeting of the National Economic Council (NEC). Gov. Ibrahim…
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There’s nothing romantic about war, Babangida warns agitators
Says… Media should be more patriotic Hate campaign can lead to civil Calls for creation of state police backs calls for restructuring Former Military Head of State, Gen. Ibrahim Babangida has warned Nigerians particularly the youths on the danger of calling for war through violence and hate speeches insisting that there was nothing good…
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FG releases breakdown of N516bn Paris Club refunds to states
The federal government has finally released a breakdown of the first tranche of Paris Club refunds paid to states to date. The payments, totalling N516.38 billion, were made to the 36 states and the Federal Capital Territory upon the approval of President Muhammadu Buhari on November 21 2016, a statement by Salisu Danbatta, director of…
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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…
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FG, States, LGs share N465bn for January 2017 – FAAC
The Federation Account Allocation Committee (FAAC) says it shared a total of N465.149 billion for the month of January among the Federal, States and Local Government Councils. According to a communique issued by the Technical sub-committee of FAAC, Gross statutory revenue received is N324.990 billion which is higher by N76.275 billion when compared with…
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States, LGs shared N2.6trn in 2016
Despite the prevailing economic recession, a new report showed how 36 states and 774 local government authorities in 2016 shared a total of N2.6 trillion from the Federation Account According to a report by the Economic Confidential, the total figure was payment made to the two tiers of government between January and December 2016 at…
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FG, States, LGs share N400bn revenue in January
The Federal, State and Local Governments on Friday shared N400 billion revenue among themselves for the month of January. The shared amount is N13.1 billion more than what they shared as revenue in December. The Minister of Finance, Mrs Kemi Adeosun, at the monthly Federation Account Allocation Committee, FAAC meeting said the N400 billion…
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FG confirms spread of Bird flu to 26 states, FCT
The Federal Government has confirmed a new strain of Avian Influenza virus, known as bird flu in Nigeria has affected over 3.5 million birds in 26 states and the Federal Capital Territory, Abuja. According to the government, in a bid to prevent the entry of the disease into their respective countries, Nigeria’s neighbours have proposed…