Sentences with phrase «from federation account»

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...

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.

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.

«Yes I think it was only when Obasanjo asked for $ 5.3 billion to finance NIPP (National Integrated Power Project) that the Commission said he can not take it from the Federation Account without recourse to the other tiers of government.

«The fund that is coming to local governments from federation account is not enough for them to meet their financial obligations.

The governor said, «From the Federation Account, the highest we receive is N3.2 bn.

In particular, we requested the federal government to embark on the recovery of the revenue of $ 42 billion withheld from the Federation Account from 1999 - 2012 by some transnational oil companies, the Nigerian National Petroleum Corporation and other agencies of the federal government.

The leader of the team disclosed that with the poor revenue from the Federation Account which is largely sourced from crude oil sales, the current administration of President Muhammadu Buhari is looking for other sources of revenue to execute capital projects and provide social services for the people.

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

The commissioner noted that the unpredictable nature of the price of crude oil international oil market makes it difficult to predict monthly receipts from the Federation Account for effective planning.

Some of the candidates don't even know how much the state gets from the federation account every month.

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

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.

The estimated revenue of N81.666 billion according to him consists of N32.181 billion from internal sources; N35.3 billion as the state's share from the Federation Account; N8.08 billion from Value Added Tax (VAT), N2.2 billion from Exchange Differentials and N3.8 billion from Budget Augmentation.

«Though the government is claiming that it going to get assistance from the Federal government on the programme, it does not make sense that a state that gets a mere N3.5 billion from the Federation account each month and, has a wage bill about N2.2 billion per month could use N1.8 billion to feed kids that should be fed by their parents.»

At some point between 2008 and 2009, Ogun state received N2b monthly from the federation account and paid out N1.8 b as staff salaries, wages and overhead costs!

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.

«Alternatively, we demand that salaries of primary school teachers be paid through the Universal Basic Education Commission from first line charge from the federation account,» they added.

A new report has disclosed that the 36 states and the 774 local government councils in Nigeria shared a total sum of N2.8 trillion from the Federation Account in the one year of President Muhammadu Buhari's administration.

Among the 10 highest recipients from the Federation Account are Bayelsa State which got N95bn; followed by Katsina State N88bn, Oyo State N84bn, Kaduna State N83bn and Borno State N78bn.

Hence, revenue inflow from the Federation Account will still contribute the larger portion of the total collectible revenue for the state».

The latest Annual States Viability Index (ASVI), published by the Economic Confidential, an economic intelligence magazine, indicated that Borno State can not survive on its internally generated revenue (IGR) without the free flow of revenue from the Federation Account and supports from other states like the recent donations by Northern governors (https://goo.gl/ZugR6M).

We must not ignore the commitment and relentless efforts of Governor Shettima, who is pumping large chunk of state's share from the Federation Account to address the security challenges, the plight of Internally Displaced Persons (IDPs) as well as the rehabilitation and reconstruction of infrastructure destroyed by the terrorists in the state (Link: https://goo.gl/P6n5XH).

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 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?

«In one year, Ekiti State can not get N35.5 billion as share from the federation account and the question is; of what benefit will the N35.5 billion be for the people of Ekiti?

While presenting the income and expenditure profile for the month of November, the deputy governor said that the state received N11.6 bn as gross inflow from the federation account.

The government attributed the development to the shortfall in revenues from the federation account and the reduction in its production quota of crude oil.

According to Shehu, it is the right of citizens to demand the judicious use of the Ecological Fund, which is distributed among the three tiers of government from the Federation Account.

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.

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?

'' 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.

Okupe in a sheer reference noted that Ogun State, was receiving N2 billion monthly from the federation account between 2008 and 2009, but was paying out about N1.8 billion as staff salaries, wages and overhead costs to civil servants during the period.

The governor revealed that with N1.5 bn from federation account, the state still had to borrow to pay 40,000 civil servants against over three million people that needed to be catered for.

He is from Etsako - West and for the sake of what he has said, in December 2014, Etsako West from the Federation Account, got N116, 650,941, January 2015, had N126, 713,371, January — September 2015, the council should have gotten N925, 967,395.

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.

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

The 1999 Constitution provides for the establishment by each state of the said account into which shall be paid all revenues due to local governments of that state from the Federation Account and from the state government.

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.

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 added that the situation is so bad that what the Federal government used to take from the federation accounts as its own monthly revenue about 18 months ago is even more than what is being shared by the three tiers of government.

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.

Not exact matches

For all the talk of EMC Federation companies being able to sell both with each other and against each other, it's hard to see how this will work in the field given that Team EMC faces prodigious competition from Amazon (AMZN) Web Services and Microsoft (MSFT) for these accounts.

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.

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.

Council received the final report on the Forensic Audit of Revenue Accrued from Revenue Generating Agencies (RGAs) into Federation Account (FA), Excess Crude Account (ECA) and Consolidated Revenue Fund (CRF).

This was revealed in its October 2015, Financial and Operations Report, posted on its website yesterday where it noted that: «the sum of N872.90 billion for Domestic Crude Oil & Gas and other receipts have been paid to the Federation Account from January to October 2015.»

In what was contained in the corporation's monthly financial report for March released in Abuja, it said that amount had brought the total amount paid to the Federation Account for Domestic Crude Oil and Gas and other receipts from April 2015 to March 2016 to N1.118 trillion.

Sixteen local government chairmen in Ekiti State have sued the Attorney General of the Federation and governors of the 36 states over the approval of $ 1billion from the Excess Crude Account of the federation for the fight against iFederation and governors of the 36 states over the approval of $ 1billion from the Excess Crude Account of the federation for the fight against ifederation for the fight against insurgency.

No all south east people are saying is that we won't be taking part in the repayment processes if we don't benefit from the said loan in fact Ndigbo must learn to quantify the exact amount spent on our roads, rails and other infrastructural projects so that the corresponding amount will be deducted from our own share of the federation account