‘States won’t get N90bn loan if Federal Allocation exceeds N500bn’

The Federal Government will cease disbursing the N90 billion conditional loan to state governments any month the allocation from the federation account goes above N500 billion. According to the Special Adviser on Media to the Minister of Finance, Festus Akanbi, who spoke with The Punch, it would be unwise for the federal government to continue disbursing... Read More

The News Blog

adeosun, Allocation, Finance, Minister, revenue, states

June 15, 2016

The 23 conditions states must meet before receiving N90bn loan

The Federal Government has indicated its readiness to release N90 billion loan facility to state governments to reduce their dependency on monthly allocations from the Federation Account. Finance Minister, Kemi Adeosun, while speaking at the Stakeholders Meeting held with Commissioners for Finance on the Fiscal Sustainability Plan (FSP), said, “The amount of the loan is N50billion for... Read More

The News Blog

90 billion loan, adeosun, Buhari, Finance, FIRS, Kemi, states, TSA

June 15, 2016

It’s not compulsory for states to join National Feeding Programme – Presidency

The Presidency, on Tuesday, said that state governments are not mandated to key into the National Home-grown School Feeding programme. This was made known in a statement released by the Senior Special Assistant to the Vice-President on Media and Publicity, Laolu Akande. It comes on the heels of a recent statement made by the Ekiti... Read More

The News Blog

Akande, Ayo Fyaose, Feeding programe, money, Osinbajo, Presidency, states, vp

June 13, 2016

State governors can afford to pay salaries – Peter Obi

While most Nigerian states are struggling to pay workers’ salaries, a former governor of Anambra State, Peter Obi believes the situation can be better managed by state governments. Obi said state governors would be able to pay salaries of workers if they are prudent in their spending and prioritise judiciously. Speaking on Sunday at the... Read More

The News Blog

anambra, nigeria, peter obi, salaries, state governors, states, workers

June 12, 2016

Monthly allocation: Lagos received N178bn while Ekiti got N50bn in one year (Full List)

In the last one year, the thirty-six states and 774 local government councils in Nigeria shared N2.8 trillion from the federation account. The two tiers of government received the payment between June 2015 and May 2016 at the monthly meeting of the Federation Account Allocation Committee (FAAC). Lagos state received a total of N178 billion,... Read More

Featured, The News Blog

Allocation, billion, FACC, FG, LGA, money, population, states

June 12, 2016

FG to support state governments financially… but the conditions are strict

The federal government, on Tuesday, set out stringent fiscal conditions for states before they can access a conditional Budget Support Facility which is aimed at providing financial support to any of the 36 states facing financial difficulties. This was contained in a statement made available by the Ministry of Finance. The states can only access... Read More

The News Blog

bailout, BVN, economy, Finance, funds, IGR, Ministry of Finance, states

May 26, 2016

Morning Devotion: Another big announcement from Ambode, FG to put states on the right fiscal path & Nigeria to sign a visa free agreement with 8 countries

On this morning’s episode, Joachim MacEbong discusses Ambode’s new project, FG’s plan to put states on the right fiscal path & Nigeria to sign a visa free agreement with 8 countries. Take a listen. https://soundcloud.com/ynaijaonline/morning-devotion-episode-12

The News Blog

ambode, FG, fiscal Policy, joachim macebong, states, visa free agreement

May 24, 2016

Opinion: Why Nigerian states need restructuring

By Uzoma Erondu Nigeria has a thing or two to learn from Sudan. Yes, the same Sudan known for strife, pestilence, drought, internal conflict and war. But hang-on, before we say too negative a thing about Sudan vis-a-vis Nigeria, let us remember at least, that Sudan as a country existed way before Nigeria in its... Read More

countyr, IGR, NBS, Nigerian, states, Sudan, USA

May 20, 2016

These are the 13 states Biafra agitators want from Nigeria

The Indigenous People of Biafra (IPOB) has revealed the number of states said to be a part of the Republic of Biafra, if they break away from Nigeria. The IPOB has also declared that Biafra is not for Igbo-speaking people as there are other people who do not speak Igbo but are part of the... Read More

The News Blog

biafra, Buhari, IPOB, nigeria, Nnamdi Kanu, Protests, states

May 20, 2016

Governor Wike to borrow N10 billion to pay salaries

The Rivers State House of Assembly has given the state Governor, Nyeso Wike, the go-ahead to take a N10 billion loan from the Federal Government. The members of the House agreed to the governor’s request to apply for bailout funds from the Federal Government at a session yesterday. Rivers had previously refused to take the bail... Read More

The News Blog

10bn, Amaechi, bailout, lawmaker, Rivers, salaries, states, wages, wike

April 23, 2016

Imo, Zamfara, Enugu, diverted bailout funds

The Independent Corrupt Practices and Other Related Offences Commission (ICPC), On Friday, disclosed that 16 states were yet to make use of the N57 billions bailout funds that was approved by President Muhammadu Buhari for the payment of salaries. The anti-graft agency stated that some states, like Imo, Zamfara and Enugu, diverted the bailout funds... Read More

The News Blog

bailout fund, icpc, states

September 19, 2015

These are the 19 states that have received bailout funds

19 states have received their share of the bailout package from the Central Bank of Nigeria. According to the CBN, the bailout funds to pay arrears of workers’ salary, has been released to the following states. Abia (N14.152bn) Adamawa( N2.378bn) Bauchi (N8.60bn) Bayelsa (N12.85bn) Benue(N28.013bn) Borno(N7.680bn) Cross River(N7.856bn) Delta( N10.036bn) Ebonyi(N4.063bn) Edo(N3.167bn) Ekiti (N9.604bn) Enugu (N4.207bn)... Read More

The News Blog

Bailout funds, Bailout package, CBN, released, states

August 27, 2015

CBN orders banks to release bailout funds to states

The Central Bank of Nigeria has instructed Banks to release funds to state governments for the payment of salary arrears of their workers. The directive was communicated through a statement signed by the Director, Corporate Communications, CBN, Mu’azu Ibrahim. According to the statement, out of the 27 states involved, funds have been disbursed to Zamfara and Kwara,... Read More

The News Blog

Bailout funds, banks, CBN, states

July 4, 2015

Former governor Umar advises Buhari on bailout for troubled states

Former military governor of Kaduna state, Abubakar Dangiwa Umar has weighed in on the financial trouble some states are currently in. Vanguard reports that Umar, who is also the Chairman of Movement for Unity and Progress, urged President Muhammadu Buhari to ensure that he was not lured by the governors. He also asked Buhari to discourage frequent... Read More

The News Blog

governors, salaries, states, Umar

November 19, 2014

FG, states and local governments share N593.33 billion in October

by James Sambo The three tiers of government – federal, states and local governments, have shared N593.33 billion, representing the revenue accrued to the nation in the month of October. This figure was made public yesterday by the Minister of State for Finance, Bashir Yuguda in Abuja while briefing newsmen on the outcome of the Federation... Read More

The News Blog

Bashir Yuguda, fuel subsidy, ngozi okonjo iweala, nigeria, states, Timothy Odah

November 28, 2013

SURE-P enrols 120,000 graduates for internship programme

by Akintomiwa Agbaje The Graduate Internship Scheme of Subsidy Reinvestment and Empowerment Programme (SURE-P) has signed on over 120,000 graduates in the programme with nearly 3,000 firms ready to absorb them. Mr Peter Papka, The Project Director of the Graduate Internship Scheme, said at a sensitisation workshop in Lagos yesterday, that the scheme is aimed at resolving... Read More

August 6, 2013

Opinion: Confronting inter-regional disparities in Nigeria

by Ayo Teriba States/regions included in the growth processes are getting rich, just as those excluded from the growth processes, remain poor. Regions can now easily be grouped into the haves and the have-nots. If this trend continues, the rich states/regions will get richer, and the poor, poorer. From 19 states in 1980, the next... Read More

Ayo Teriba, crisis, economy, FCTT, north, Oil, opinion, Production, railway oil, south east, South West, South-south, states, transformation, ynaija

November 3, 2012

TICKER: Some states to start paying more than others for telecom services

States with unfavorable telocom industry tax policies will have their residents pay more telecommunication services, service providers plan. Telecommunications operators and service providers in Nigeria say they are planning to introduce discriminatory tariffs based on tax regimes and operating environments in different states. The Chairman of Association of licensed Telecommunication Operators of Nigeria (ALTON), Gbenga Adebayo, announced the... Read More

states, telecom

July 21, 2012

More, More! Senate Committee gets 56 requests for state creation

by Isi Esene The Deputy Senate President, Sen. Ike Ekweremadu has revealed that the Senate Committee on the review of the 1999 Constitution have been inundated with 56 requests for states creation. He said the committee has so far received 56 requests and 108 memoranda for states creation. The clamour for the creation of more... Read More

Committee, Constitutional amendment, Ike Ekweremadu, nysc, states

July 5, 2012

Health minister plans to save 1 million lives

by Hauwa Gambo We don’t know what to make of this. Ali Pate, who is the Minister of State for Health, yesterday gave a report to the Federal Executive COuncil on how his ministry will save the lives of at least one million NIgerians. To do this, the minister is meeting with the commissioners of... Read More

fec, Health, lives, Minister, states

March 15, 2012

B-R-O-K-E – Revenue commission says Nigerian states are insolvent

by Hauwa Gambo Elias Mbam, chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), revealed yesterday that many of the states in Nigeria are broke – explaining that the cumulative external debts of the thirty six states stand at $2.165 billion. Speaking to the Senate joint committee on national planning, finance and appropriation, he... Read More

insolvent, lagos, revenue commission, states

‘States won’t get N90bn loan if Federal Allocation exceeds N500bn’

The 23 conditions states must meet before receiving N90bn loan

It’s not compulsory for states to join National Feeding Programme – Presidency

State governors can afford to pay salaries – Peter Obi

Monthly allocation: Lagos received N178bn while Ekiti got N50bn in one year (Full List)

FG to support state governments financially… but the conditions are strict

Morning Devotion: Another big announcement from Ambode, FG to put states on the right fiscal path & Nigeria to sign a visa free agreement with 8 countries

Opinion: Why Nigerian states need restructuring

These are the 13 states Biafra agitators want from Nigeria

Governor Wike to borrow N10 billion to pay salaries

Imo, Zamfara, Enugu, diverted bailout funds

These are the 19 states that have received bailout funds

CBN orders banks to release bailout funds to states

Former governor Umar advises Buhari on bailout for troubled states

FG, states and local governments share N593.33 billion in October

Opinion: It is just 14 years in prison. You can do it

Aww, how sweet: 2face Idibia arrives the US bearing gifts for Annie (LOOK)

Daddy’s here! 2face Idibia arrives America to see his new baby (LOOK)

Don’t spend nation’s resources on PDP states- APC warns President Jonathan

Presidency shared N36 billion to states for Jonathan’s re-election – APC

SURE-P enrols 120,000 graduates for internship programme

Opinion: Confronting inter-regional disparities in Nigeria

TICKER: Some states to start paying more than others for telecom services

More, More! Senate Committee gets 56 requests for state creation

Health minister plans to save 1 million lives

B-R-O-K-E – Revenue commission says Nigerian states are insolvent

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