Sentences with phrase «federation account allocation»

The Federation Account Allocation Committee (FAAC) has distributed N609.95 billion from the Federation Account to Federal, States and Local Government as revenue generated in the month...

The CBN Governor, Godwin Emefiele, said the committee called on the Federation Account Allocation Committee to create savings needed to stabilise the economy against future oil price - related shocks.

The Federal government, thirty - six states of the federation and the Federal Capital Territory (FCT) has so far shared the sum of N2.56 trillion in the first half of 2017 from the Federation Account Allocation Committee (FAAC), an investigation by Economic Confidential has revealed.

Meanwhile, the Economic Confidential which has been publishing the monthly Federation Account Allocation figures in the print edition of the magazine since January 2007, has commenced the publication of the monthly allocation in its online version

National Bureau of Statistics, NBS, yesterday, disclosed that the Federation Account Allocation Committee, FAAC, shared N467.85 billion among the three tiers of government in August 2017.

The report stated: «The Federation Account Allocation Committee, FAAC, disbursed N467.85 billion to the three tiers of government in August 2017 from the revenue generated in July 2017.

The Economic Confidential has been at the forefront of dishing out Federation Account allocations figures of all tiers of government for the benefit of Nigerians in the last decade.

Not exact matches

Already, the road project has reached Ayama in Southern Ijaw before it was stalled due to dwindling allocation accruing to the state from the federation account.

He held that Osun was receiving negative monthly allocations from the Federation Account during the period, saying what hit Nigeria during this period was the equivalent of economic natural disaster and Osun was not alone.

And to add to the injury some of your councils» allocations, from the federation account, were arbitrarily deducted in the name of joint account.

For the purpose of uniformity, accountability and transparency, members from Revenue Mobilisation Allocation and Fiscal Commission who have representatives from every state of the federation were recommended, as umpires and arbiters of the Federation Account, to play prominent roles during the meeting of the State Joint Local Government Accounts Allocation federation were recommended, as umpires and arbiters of the Federation Account, to play prominent roles during the meeting of the State Joint Local Government Accounts Allocation Federation Account, to play prominent roles during the meeting of the State Joint Local Government Accounts Allocation Committee.

It is therefore, illegal and unconstitutional to deduct LGC's allocations from Federation Account to finance newly created community centres in the name of LGC or to finance state programmes and projects.

'' I have seen in Governor Aregbesola a rare determination to bring much out of little, that is why Osun is progressing even with little resources and meagre allocation from the federation account.

If we were federal, and needed no restructuring, why do the 36 State Commissioners of Finance in Nigeria congregate in Abuja at the end of every month in the ritual (like witches and wizards in a coven) of sharing allocations from the Federation Account under section 162 of the 1999 Constitution?

But Onah, who expressed concern at the decline in the state's allocations from the federation account, also urged the governor to bailout the local councils.

«The question to ask is that; what is the allocation coming to Ekiti from the federation account and who are those that have complained to the EFCC on missing fund in Ekiti?

The Economic Confidential search further reveals that the states with the lowest allocation from the Federation Account within the period under review are Gombe carrying the 36th position with N24.87 billion, followed by Ebonyi state with N24.91 billion in the 35th position, Nasarawa State as in the 34th position with N25.41 billion.

The Governor comparing the present situation when Osun collected N55.8 million to 2013 when the average money distributed to states from the federation accounts was in excess of N800 billion, said Osun's average allocation then was N3.6 billion.

In their demands, the teachers were also asking for the upward review of state allocation from the federation account to guarantee uninterrupted primary education in the country.

«Most importantly, are states now getting enough allocation from the Federation Account to be able to meet their obligations, especially payment of salaries?»

The Bayelsa State Government got the sum of N12.949 Allocation from the Federation Account for the month of April.

The 36 states of the federation on Thursday failed to hold the monthly Federal Account Allocation Committee (FAAC) meeting due to discrepancies in Fedfederation on Thursday failed to hold the monthly Federal Account Allocation Committee (FAAC) meeting due to discrepancies in FederationFederation...

The Revenue Mobilisation Allocation and Fiscal Commission has said that» the total indebtedness of the NNPC to the Federation Account is N4.9 trillion ($ 32.6).»

«Worse still is the fact that up to $ 14bn in revenues from the Nigerian LNG remain unaccounted for, and indeed until the Buhari administration came to office, state governments never got any allocations from this source of fund which properly belongs to the Federation Account.

Her revelation that the Federal Government has gone a-borrowing came on the same day that re-elected and incoming APC state governors told President - elect Muhammadu Buhari that state governments are increasingly unable to pay their workers» salaries due to the perilous economic situation occasioned by declining statutory allocations from the Federation Account.

Aregbesola said, «From July 2015 — when we started paying modulated salaries, our income from all sources, including gross allocation from the federation account, internally generated revenue and two tranches of the Paris Club Refund — to November 2017, is N121.6 bn.