FG bars states owing salaries from accessing $2.69bn Paris Club refund
The Federal Government said states must clear backlog of salaries and other related staff arrears before they would be able to…
Browsing Tag
States
FAAC disburses N3.946trn to FG, states, LGs in six months – NEITI
The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to federal, state and…
Fed Govt, states debts increase to $22b – DMO
The Debt Management Office (DMO) on Wednesday put Nigeria’s external debt stock at $22 billion.
Out of the amount, the Federal…
FAAC disburses N668bn to FG, states, LGs to clear June salaries
The Federation Accounts and Allocation Committee (FAAC) reached a compromise to release N668.898 billion to the three tiers of…
Banks must seek Adeosun’s approval before lending to states –…
Investigations have shown that states will now have to depend on a formal approval by the Minister of Finance before their loan…
Most States Can’t Survive without Federal Allocation, says Osinbajo
The Vice-President (VP), Prof. Yemi Osinbajo, has declared that most states of the federation cannot survive without the monthly…
TUC, NLC demand probe of bailout funds to states
The Organised Labour has called for immediate probe of state governments involved in diversion of bailout funds meant for payment…
Wike canvasses separate minimum wages for states
Rivers State Governor, Nyesom Ezenwo Wike has stated that Nigerian workers will be better off when states are allowed to fix their…
FAAC: FG, States, LGs settle differences with NNPC; share N626.8b for April
The federal government, states and local governments shared N626.8 billion for the month of April.
Ahmed Idris, the…
Federation revenue declines as federal, state, LGs share N635.55bn for…
The Federal, States and Local Governments on Thursday shared N635.55 billion as revenue generated in January which showed a…