The Big 5: States share N593.1bn between January and March, Adeosun says N1.5tn was spent on capital projects in 2017 and other top stories


These are the stories you should be monitoring today.

The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018.

The breakdown is contained in the monthly Federation Account Allocation Committee (FAAC) report obtained by the News Agency of Nigeria (NAN) on Sunday in Abuja.

In January, the 36 states of the federation shared N196.99 billion, in February, N195.25 billion, and N200.86 billion in March.

The allocation was made using the revenue sharing formular, Federal Government, 52.68 per cent; states, 26.72 per cent and local governments 20.60 per cent.

A member of the All Progressive Congress (APC) in Gombe was killed on Saturday during the party’s local government congress.

Three other people were injured in the violence that occurred during the party’s local government congress in Deba town, headquarters of Yamaltu/Deba Local Government Area of the state.

The police in the state confirmed the casualty and said two people have been arrested in connection with the incident.

The National Vice Chairman of JOHESU, Ogbonna Chimela, has confirmed that the federal government made an offer to the striking union in a bid to end the impasse.

According to him, the government made the offer at the meeting held Thursday.

“Yes they gave us an offer. We will study it critically on Monday to know if its something we can accept or not,” Chimela said, according to Premium Times.

The Peoples Democratic Party (PDP) has accused the ruling APC of being violence prone and of dragging the nation towards a state of anarchy.

The party said this in a statement on Sunday by its Publicity Secretary, Kola Ologbondiyan, while reacting to the recent ward and local government congresses of the APC which was characterised by violence and killings in some communities.

The Minister of Finance, Kemi Adeosun, has said more than N1.5 trillion was spent on capital infrastructure in 2017.

Adeosun, who stated this on Sunday on her Twitter handle, said the Federal Government’s debt management strategy was yielding the desired result.

“I’m pleased to note that we’re going to close the 2017 budget with capital spending in excess of N1.5tn, which is higher than what we achieved in the 2016 budget. We’re also looking forward to the passage of the 2018 budget by the National Assembly,” she wrote.

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