FG, states, LGs share N2.8tn in six months

Executive Secretary of NEITI, Mr. Waziri Adio   The federal, state and local governments shared N2.788tn between January and June this year, representing a 38 per cent increase over the N2.019tn shared in the first half of 2016. According to the Quarterly Review of the Nigeria Extractive Industries Transparency Initiative, which focused on disbursements from […]

FG releases Paris Club refund details to states

Akwa Ibom received N25.98bn, third highest   Facts have emerged as to how the Federal Government allocated the first tranche of N516.38bn reimbursement made to the 36 states of the federation and the Federal Capital Territory from the Paris Club debt refund. Based on the schedule of reimbursement, which was released by the Ministry of […]

Federal allocation rises by N301bn as FG, States, LGs share N559bn for June 2016

For the first time in the 2016 fiscal period, the federal, states and local governments got monthly allocation from the Federation Account of N559.03 billion. This is as the gross revenue generated by the federation increased by N301.32 billion, the highest in almost two years. The Minister of Finance, Mrs Kemi Adeosun, announced this in […]

Non-payment of workers’ salaries by state govts disgraceful to Nigeria — Buhari

President Muhammadu Buhari says the inability of 27 state governments to pay monthly salaries of their workers is disgraceful to Nigeria. President Buhari stated this in Abuja on Wednesday while addressing staff of the Presidential Villa. He expressed dismay that in spite of the initial bailout funds given to some states, workers in those states […]