The index carefully and painstakingly computed proved that without the monthly disbursement from the Federation Account Allocation Committee (FAAC), many states remain unviable, and cannot survive without the federally collected revenue, mostly from the oil sector.
Browsing: Economic Confidential
While the Federal Government and its agencies received a total sum of N3.04 trillion, other tiers of government shared N4.18 trillion.
The index, carefully and painstakingly computed, proved that without the monthly disbursement from the Federation Account Allocation Committee, many states remain unviable and cannot survive without the federally collected revenue, mostly from the oil sector.
While the Federal Government and its agencies received a total sum of N3.3 trillion, other tiers of government shared N4.4 trillion.
The report shows 17 States are insolvent as their Internally Generated Revenues in 2018 were far below 10 per cent of their receipts from the Federation Account Allocations in the same year.
A new report by the Economic Confidential has disclosed that the Federal Government, 36 states and 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.
African PR Practitioners at the conference also re-elected Yomi Badejo-Okusanya from Nigeria as APRA President for another two-year tenure.
In its annual detailed investigative report with a table of figures, the Economic Confidential disclosed that among the state recipients, Lagos is ranked first as the highest recipient of gross allocation with a total sum of N201 billion in the 12 months of 2017
The bank was dragged before a High Court of the Federal Capital Territory, Abuja by the two plaintiffs, claiming damages for the hardships inflicted on them by the Bank with the freezing
In a painstaking search and carefully computed data from the Joint Admissions and Matriculation Board, the National Universities Commission, various tertiary institutions in Nigeria, the Economic Confidential can report that these higher institutions are regarded as Grade ‘A’ Universities of choice as they can accommodate students with minimum of 180 to 200 scores in JAMB examination
It is followed by 17 others from 148 officially recognised Universities in Nigeria drawn from the Federal, State and Private institutions, the Economic Confidential can authoritatively report.
Diligent search and careful computation by the Economic Intelligence magazine showed that apart from the Federal Government that got N1.09 trillion, Akwa Ibom State has the highest allocation among the states when it received N92.72 billion within the period under review, with nine other states leading the pack.
The index, carefully and painstakingly computed, proved that without the monthly disbursement from the Federation Account Allocation Committee, many states remain nonviable and cannot survive
The Director General of the CMD, Dr. Kabir Kabo Usman, disclosed this to Economic Confidential in Abuja
This was revealed by the Accountant General of the Federation, Ahmed Idris
The Controller General of Nigerian Prison Service, Jaafaru Ahmed, made the disclosure in an interview with the Economic Confidential
A careful analysis by Economic Confidential indicated that out of the 79,875 reported cases of accident, reckless driving accounted for 30.3 per cent, inexperience and mechanical fault accounted for 21.5 per cent, while and road defects accounted for 21.1 percent
The number, according to the Vice-Chancellor, is distributed across the 77 study centres scattered all over the country, touching all the states, local government areas and the six geopolitical zones
In an elaborate investigation by the Economic Confidential, an intelligence economic magazine, the total figure was payment made to the two tiers of government between January and December 2016 at the monthly meeting of the Federation Account Allocation Committee
Without any query, the Secretary to the Government of the Federation, Engr. Babachir David Lawal, issued the letter conveying the notification of Danna’s disengagement as a GM with NDPHC with effect from June 10, 2016, while a Special Adviser to Vice President Yemi Osinbanjo was appointed as acting Managing Director of the company