FG, states, LGs share N1.1 trillion from December 2023 allocation

The Federation Account Allocation Committee (FAAC) has shared N1.127 trillion in December 2023 federal revenue among the federal government, states and Local Government Councils (LGCs). This was disclosed in a communique by the FAAC at its January meeting, chaired by the accountant general of the federation, Oluwatoyin Madein. According to the communique, the N1.127 trillion revenue comprised distributable statutory revenue of N363.188 billion, distributable Value Added Tax (VAT) revenue of N458.622 billion, and electronic money transfer levy (EMTL) revenue of N17.855 billion. It also comprised an exchange difference revenue of N287.743 billion. “Total revenue of N1,674 billion was available in

By |January 24th, 2024|Categories: News|Tags: , , |0 Comments

FG, NECA to inaugurate 1,071 houses in Akure, Yola, 6 others

The Federal Mortgage Bank of Nigeria has disclosed plans to inaugurate 1,071 completed houses in eight project sites across the country. The states include Akure, Ondo state; Yola, Adamawa state; Katsina, Abakiliki, Ebonyi state; Damaturu, Yobe State; Sokoto, Maiduguri, Borno; as well as Kogi State. The FMBN Managing Director, Hamman Madu, in a statement by the FMBN Group Head, Corporate Communications, Timan Elayo, on Tuesday, said the housing units are part of the over 3,560 homes under phases one and two of the national affordable housing delivery programme. According to him, the housing scheme is a collaboration between the bank

By |January 18th, 2023|Categories: News|Tags: , , , , |0 Comments

FG, Lagos dole out cash to indigent residents

The Lagos State Government has collaborated with the Federal Government through the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development to distribute cash grants to poor and vulnerable residents of the state. The state Commissioner for Wealth Creation and Employment, Mrs Yetunde Arobieke, at the event held at the Police College in Ikeja GRA on Tuesday, noted that the cash grant would reduce the suffering of vulnerable groups across the state. Arobieke, who was represented by the ministry’s Permanent Secretary, Simone Fashola, disclosed that independent monitors have been enlisted across the state to ensure transparency and accountability in

By |January 18th, 2023|Categories: News|Tags: , |0 Comments

FG, ASUU meet today as Ngige confident varsities resume January

The Minister of Labour and Employment, Dr Chris Ngige, on Monday, said university students would resume in January 2021. Ngige spoke in Alor, in the Idemili South Local Government Area of Anambra State during the inauguration of his medical outreach for the people of the area. He said the Federal Government had met 98 per cent of the demands of the Academic Staff Union of Universities, adding that the remaining two per cent demands holding the strike would be sorted during negotiation on Tuesday (today). He expressed optimism that after the meeting, ASUU would call off their strike and students

By |December 22nd, 2020|Categories: News|Tags: , |0 Comments

ASUU can’t claim varsity autonomy – Fed Govt

The Academic Staff Union of Universities (ASUU) cannot claim to be autonomous when lecturers are paid by the government, Minister of Labour and Employment, Senator Chris Ngige, said on Wednesday. He said autonomy can only work when a university generates its resources to pay workers and meet its obligation. Ngige spoke while defending his ministry’s budget before the Senate Committee on Labour and Employment. Striking lecturers have refused to call off their seven-month strike because of disagreement with the government over the Integrated Personnel Payroll System (IPPIS). ASUU claimed that enrolling on the platform would erode the autonomy of the

By |November 12th, 2020|Categories: News|Tags: , |0 Comments

Take Out IPPIS and the strike will be called off- ASUU tells FG

The Academic Staff Union of Universities (ASUU) urged the Federal Government to leave the Integrated Payroll Personnel Information System (IPPIS) as a condition to call off its ongoing strike in the country. Prof. Biodun Ogunyemi, ASUU President said this in a statement made available on Sunday in Abuja that the ongoing strike may still linger if the government failed to meet its demand. The News Agency of Nigeria(NAN) reports that ASUU had embarked on a nationwide strike on March 23 to press on its demands which include revitalisation, Earned Academic Allowances (EAA), renegotiation of the 2009 Agreement, Visitation Panels, among

By |November 9th, 2020|Categories: News|Tags: , |0 Comments

Nigeria’s Debt Profile To Reach N38.68trn In 2021 — FG

The Federal Government of Nigeria says Nigeria’s public debt stock is projected to rise to N38.68 trillion by December 31, 2021. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this on Tuesday when she appeared before the Senate Committee on Local and Foreign Debts. It was earlier reported that the federal government planned to borrow N4.28 trillion from domestic and foreign sources to finance 2021 budget deficit of N5.20 trillion, which represents 3.64 percent of estimated GDP. The minister said the total debts, comprising domestic and foreign borrowings of the federal and state governments and the FCT,

By |November 3rd, 2020|Categories: News|Tags: , |0 Comments

ASUU responsible for continued strike – FG

The face-off between the Federal Government and Academic Staff Union of Universities has continued to deepen with the government insisting that Nigeria is the only country where lecturers walk away after shutting down Universities. The Minister of State for Education, Emeka Nwajiuba, said these in an interview with our correspondent in Abuja on Monday. He said, “The reason we want ASUU back in school is that there is a purpose for which we built these Universities. In other places in the world, you can’t shut down the University system and just walk away. “It is only in Nigeria they do

By |November 3rd, 2020|Categories: News|Tags: , |0 Comments

Nigeria’s inflation rate hits 13.7%, highest in 30 months

Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018. The National Bureau of Statistics disclosed this in its Consumer Price Index report for September on Thursday. Part of the report read, “The consumer price index which measures inflation increased by 13.71 per cent (year-on-year) in September 2020. “This is 0.49 per cent points higher than the rate recorded in August 2020 (13.22) per cent.” Increases were recorded in all COICOP divisions that yielded the headline index. On a month-on-month basis, the headline index increased by 1.48 per

By |October 15th, 2020|Categories: News|Tags: , |0 Comments

FG Lied We Are Not Ending Strike – ASUU Chairman

The Academic Staff Union of Universities has said the alleged lies and propaganda employed by the Federal Government against the union will not force it to suspend the strike action. The union denied the claim by the Minister of Labour and Employment, Dr Chris Ngige, that it had suspended the six-month-old strike, saying such lies by the Federal Government officials would worsen the situation rather than bringing solution to the crisis. The Chairman, ASUU, University of Ibadan, Prof. Ayoola Akinwole, in a statement on Sunday also stressed that the union would not suspend the strike until the government addressed the

By |October 5th, 2020|Categories: News|Tags: , |0 Comments
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