states

FAAC: FG, States, Others Share ₦3.88trn In 6 Months

FG, States, LGAs Share ₦702bn In October – FAAC

November 20, 2019 3:53 pm
The three tiers of government shared ₦702.058 billion as October revenue from the Federation Accounts Allocation Committee (FAAC).
This was announced at the FAAC meeting on Wednesday, chaired by the Accountant-General of the Federation, Ahmed Idris.
From that figure, the Federal Government received ₦295.737 billion, while the States received ₦192.697 billion and the Local Government Councils got  N144.987 billion. The oil producing states received N49.164 billion as 13% derivation revenue and the revenue generating agencies received N19.472 billion as cost of revenue collection.
According to him, the N702.058 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross
…
States

Do We Need Unviable 32 States?

November 19, 2019 12:31 pm

A report the other day that only four of the 36 states in the country are viable is disturbing and demands urgent action of the governments and people of Nigeria to cause a change in this negative situation. According to the report credited to a non-governmental organisation, (NGO) BudgIT, the viable states are Lagos, Rivers, Akwa Ibom and Kano.

The measure of the viability of the states is hinged on the ability to take care of their recurrent expenditure without reliance on funds allocation from the Federation Account. In other words, for the purpose of the report, a state government

…
Odu’a Group Pays ₦1.2bn To S/West States As Dividend

Odu’a Group Pays ₦1.2bn To S/West States As Dividend

November 2, 2019 3:57 pm

The Odu’a Investment Company Limited, has approved the payment of cash dividend of ₦292 million to the South-west states of Oyo, Ondo, Osun, Ekiti, Ogun and Lagos states, who are  its shareholders.

The Chairman of the group, Chief Olusola Akinwunmi, who made the disclosure at the annual general meeting (AGM) of the company held in Ibadan yesterday, also said  the total sum of ₦1.208 billion, was paid to the shareholders in the last five years.

He said the meeting also declared the sum o fN849m as profit for the financial year ended December 2018, stating that the profit represents an …

Abia Speaker Seeks Synergy With State‘s Federal Lawmakers

Abia Speaker Seeks Synergy With State‘s Federal Lawmakers

November 2, 2019 3:50 am

Speaker of Abia State House of Assembly, Rt. Hon. Chinedum Orji has said that the time had come for members of the National Assembly from Abia State to synergise with their state counterparts for the overall good of the state.

He made the call  during a special plenary of the state legislature held in honour of Abia members of the National Assembly, saying that all political office holders should put Abia first irrespective of the political party they belong.

The Abia federal lawmakers were represented by the Senate Minority Leader, Senator Enyinnaya Abaribe and the  Deputy Chief Whip of the …

Why States May Kick Against Bid To Amend Land Use Act

Why States May Kick Against Bid To Amend Land Use Act

October 28, 2019 3:01 am

Indications emerged at the weekend that state governors are determined to frustrate planned efforts by the Senate to amend the Land Use Act, contending the proposal aims at removing the most potent power the states’ chief executives have, particularly over land.

Checks by THISDAY in 18 states showed that the helmsmen of the second tier of government are baying for blood, arguing that not only would the proposed amendment undermine their power but would also undercut the huge financial resources many of them are making from land administration, including land charges.

A few respondents feared that the proposal was a …

United States Senators Call For Security Probe Of TikTok

United States Senators Call For Security Probe Of TikTok

October 24, 2019 4:22 pm

Two senior US senators called for the government to study national security risks possibly posed by Chinese-owned video app TikTok, saying it could leave American users vulnerable to Beijing’s spying.

Senate Democratic Leader Chuck Schumer and Republican Senator Tom Cotton asked the Directorate of National Intelligence to “conduct an assessment of the national security risks” posed by TikTok.

“With over 110 million downloads in the US alone, TikTok is a potential counterintelligence threat we cannot ignore,” they said.

Schumer and Cotton suggested that TikTok’s owner ByteDance could be forced to share user information with Chinese intelligence.

It could also conceivably …

Concern Mounts Over States’ Fiscal Sustainability - Lee

Concern Mounts Over States’ Fiscal Sustainability – Lee

October 24, 2019 2:43 pm
  • Only three states can survive without federal funds, says BudgIT report

World Bank’s Senior Economist, Yue Man Lee, Wednesday raised the alarm that the fiscal capacity of the 36 states of the federation and the Federal Capital Territory (FCT) has declined while their fiscal sustainability risks have also increased.

While pointing out that the states’ revenues have largely underperformed, she stressed that the recent growth in non-oil revenues particularly Value Added Tax (VAT) was not enough to offset the drop in statutory transfers.

This is coming as a new report has revealed that only Lagos, Rivers and Akwa Ibom …

How States Radically Spent ₦2.67tr In 2018, By BudgIT

How States Radically Spent ₦2.67tr In 2018, By BudgIT

October 24, 2019 4:53 am

States expended a whopping ₦4.319 trillion to fund their operations in the 2018 fiscal year, according to a survey by BudgIT, a fiscal governance organisation.

According to the survey released in Abuja yesterday, of the amount, recurrent spending gulped ₦2.67 trillion, while a paltry ₦1.648 trillion was devoted to capital projects.

Capital projects are supposed to touch the lives of the masses.

The survey also revealed that most of the states were grossly unable to realise their revenue targets, due to grossly inadequate Internally-Generated Revenue (IGR); hence their over-reliance on the Federation Account Allocation Committee (FAAC) takings.

It cited …

Battle For Implementation Of Minimum Wage Moves To States

Battle For Implementation Of Minimum Wage Moves To States

October 21, 2019 1:14 am
  • Governors non-committal on commencement date
  • Await FG’s circular on agreement with labour

Fresh from the conclusion of minimum wage consequential adjustment negotiations with the federal government, the organised labour has begun warming up for a fresh battle with state governors over when they would begin to pay minimum wage to their workers.

While some labour leaders are optimistic that their governors would pay the minimum wage, others are not sure on the amount to be paid and when the payment would take off.

Although the organised labour and the federal government had earlier reached an agreement on October 31 as …

Buhari Threatens States, LGAs Frustrating Federal Projects

Buhari Threatens States, LGAs Frustrating Federal Projects

October 20, 2019 7:10 am

President Muhammadu Buhari Saturday in Abuja warned state governments and communities allegedly frustrating the execution of federal projects in their domains to desist or risk having such projects relocated.

According to a statement by presidential spokesman, Malam Garba Shehu, such states and communities create unnecessary impediments over the allocation of lands or access to such lands for the execution of federal projects.

“The idea of chasing away contractors on-site or making undue demands from them by local communities or the deliberate actions of State governments to frustrate the allocation of lands for federal projects is an antithesis of the people’s …

Cumulative Domestic Debts Of Nigerian States Equals ₦4tr

Cumulative Domestic Debts Of Nigerian States Equals ₦4tr

October 18, 2019 1:04 am

• Lagos (₦542.231b), Delta (₦223.442b), Rivers (₦225.592b)
• Jigawa (₦38.227b), Anambra (₦33.490b), Yobe (₦26.990b)

Domestic debts of the 36 states and the Federal Capital Territory (FCT) as at the end of March 2019 was ₦3.972 trillion, the Debt Management Office (DMO) has disclosed.

The debt profile includes the more than ₦600 billion bailout fund which President Muhammadu Buhari gave to states in 2016 in the wake of falling oil prices at the international market. The states had complained that they were unable to pay salaries and meet operational costs.

Although Lagos is one of the few states that …

13 States Benefited From Global Fund Malaria Initiative

13 States Benefited From Global Fund Malaria Initiative

October 17, 2019 6:47 am

Thirteen states of the federation, including Kaduna, Kano, Katsina, Jigawa, Kwara, Niger, Taraba, Gombe, Yobe, Adamawa, Ogun, Osun and Delta states are currently benefiting from the health and peace initiative supported by the Global Fund (GF).

The Civil Society is driving the health initiative in Malaria Control, Immunisation and Nutrition (ACOMIN).

ACOMIN said it has so far commenced work on the prevention, treatment and mitigation of the impact of malaria as well as the promotion of immunisation and better nutrition in the 13 states in Nigeria.

The states are also benefiting from peacebuilding initiative of ACOMIN among the warring communities.…

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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