Phil Abiamuwe-Mowete, Director (Information/Press), Ministry of Finance, Budget and National Planning, said this.
Browsing: FAAC
This was contained in a statement by the Federal Ministry of Finance, Budget and National Planning on Thursday.
The final year Law student of Benue State University filed the case over the Academic Staff Union of Universities strike.
The balance in the Excess Crude Account also dropped to $376,655.09 million from $35.377 million in May.
This decision is contained in a public notice, signed by its Executive Chairman, Muhammad Nami, where the tax authority noted that most states and local governments have failed to remit the Service Withholding Tax (WHT) and Value Added Tax (VAT) deductions from payments made to contractors and service providers by them as required by law.
He made the call in an interview with newsmen on the sidelines of the ongoing Conference of Nigeria State of Assembly Speakers.
The call was contained in a statement issued by the Communications Associate of BudgIT, Iyanu Fatoba, on Wednesday.
Dabari, who stated this in an interview with the News Agency of Nigeria (NAN) on Thursday, in Yola, added that pursuing the agribusiness programme had become necessary to serve as alternative to oil and the monthly federal allocation.
This was revealed in a statement by the Office of Accountant General of the Federation on Friday.
They made the call in an interview with the News Agency of Nigeria in Osogbo.
The News Agency of Nigeria recalls that the organised labour had issued notice of five days warning strike beginning from Sunday.
This was part of the resolutions of a meeting of JUSUN National Working Committee (NWC) held in Abuja after the conciliation meeting with the Minister of Labour and Employment, Dr Chris Ngige, and other stakeholders.
This may not be unconnected with dwindling revenue accruing from the underpriced sale of petroleum products.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, briefed State House correspondents after virtual NEC meeting presided over by Vice President Yemi Osinbajo on Thursday at the Presidential Villa.
Olaniyan told the News Agency of Nigeria in Abuja on Tuesday that it was part of the apex bank’s responsibility to print money whenever the need arose.
Obaseki spoke on Thursday against the backdrop of the denial by the Federal Government that the Federation Account Allocation Committee did not have enough to share for March, hence the resort to currency printing.
Describing the governor’s claim as very sad, the minister explained that the money being shared monthly at FAAC is revenue generated.
He said Obaseki, in making the unsubstantiated claim, did not exhibit decorum or restraint as expected of a leader in his position, nor was he circumspect enough to consider the implications and possible effects of such assertions.
The panel, relying on a 2016 report by the Auditor-General for the Federation, said the subsidy amount reflected in the Federation Account Allocation Committee was N443 billion, while the record presented by the PPPRA showed N563 billion.
The committee relied on the query of the Auditor General of the Federation of 2016 which is being considered by Senate Committee on Public Account chaired by Senator Mathew Urhogvide.