State Government Archives — City Business News

December 14, 2024 No Responses

FG, States, LGCs Share ₦1.727tri

A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee...

October 17, 2024 No Responses

Lagos To Pay N85,000 Minimum Wage, Explains Debt Profile

The Lagos state government is to pay N85,000 minimum wage to civil servants, higher than the Federal Government’s approved minimum wage of N70,000. Mr Babajide Sanwo-Olu, Lagos state Governor stated this in an interview on Channels Television on Wednesday ...

November 24, 2023 No Responses

Kogi Freezes All State, Local Govt Accounts

The Kogi State Governor, Yahaya Bello, has ordered an immediate freezing of all the accounts of the state and local governments with immediate effect. This development is contained in a statement signed by the Kogi State Commissioner for Finance, Asiwaju...

August 25, 2022 No Responses

FG, States, LGCs Share N954.085b

The Federation Account Allocation Committee (FAAC), has shared N954.085 billion with the three tiers of government, as federation allocation for July. This is according to a statement signed by Mr Phil Abiamuwe-Mowete, the Director (Information/Press) on&nbs...

January 2, 2022 No Responses

NACCIMA Harps On Effective Implementation Of 2022 Budget

Top priority should be given to the effective implementation of the 2022 budget, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said. According to Director-General, NACCIMA, Amb. Ayoola Olakanni,the effect...

November 19, 2021 No Responses

FG Approves N656b Budget Support Facility For States

President Muhammadu Buhari has approved N656 billion Bridge Financing Facility for the 36 States. Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, disclosed this on Thursday at a virtual NEC meeting presid...

June 24, 2021 No Responses

FG, States, LGs Share N605.95b In May

The Federal Accounts Allocation Committee (FAAC) on Wednesday disclosed that it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local Governments as well as other relevant agencies. Mr Charles Nwodo, Director, Informatio...

February 14, 2021 No Responses

Journalists Boycott Sokoto Govt, Other Activities

Members of the Correspondents Chapel of the Nigeria Union of Journalist (NUJ), Sokoto council, has resolved to boycott activities of the state government to demand unfettered access to information. The journalists are also protesting their ban from entri enter...

January 25, 2021 No Responses

Bayelsa Confirms Receiving N27b Refunds From FG

The Bayelsa Government, on Sunday, said that it received N27 billion and not N38 billion approved as refund by the Federal Government for federal projects executed by the state from 2005 to date. The Senate had, on Nov. 24, 2020,...

January 16, 2021 No Responses

C’River Explains $20m W’Bank-funded SFTAS Programme Grant

The Cross River government on Friday said it has achieved a total of 20.4 million dollars in grants from the World Bank-funded States Fiscal Transparency Accountability and Sustainability (SFTAS) programme.The Commissioner for Finance, Mr Asuquo Ekpenyong, dis...

December 15, 2020 No Responses

FG Tasks States On Repositioning Fiscal Revenue Management Systems

The Federal Government on Monday advised state governments to use opportunities offered by the impact of COVID-19 pandemic to strategise and reposition their fiscal revenue management systems for the ‘new normal’ era. The Minister of Finance, B...

May 12, 2020 No Responses

Report: FG, States, Councils Got N1.9trillion In Q1

For the First Quarter of 2020, the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the Federal, States, LocalGgovernments and other statutory agencies. A breakdown of the disbursements shows that N791.4 billi...