The implication of this is that the citizenry, through their elected representatives at various levels of government, can reflect their choices on issues that are of concern to them.
Browsing: Federation Account
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
He said: “In 2017, the ministry featured in the story of our journey to economic recovery and consolidation; the GDP figures for second quarter 2017, the Nigerian Bureau of Statistics indicated that the economy grew by 0.55 per cent.
It further requested the executive to act in conformity with Sections 80 (1-4) and 162(1-3) of the 1999 Constitution (Amended) in its revenue receipt and expenditure.
The Minister, who released the details of the 2017 VAT collection on Tuesday in Abuja, said the highest VAT collection of N86.71 billion was achieved in September 2017, while N84.67 billion and N83.315 billion were recorded in May and October respectively
Addressing newsmen, the Chairman, Senate Committee on Public Accounts, Senator Matthew Urhoghide, expressed dissatisfaction with the attitude of some government agencies that are not complying with the law on submission of annual accounts and audited report to Auditor General of the Federation
Tukur, who spoke with the Economic Confidential in his office in Kaduna, queried the rationale for such disbursement
The breakdown was obtained by the News Agency of Nigeria in a report from the office of the Accountant-General of the Federation, Ahmed Idris, in Abuja
Udoma spoke in Abuja at a two-day national workshop on alternative sources of revenue for sustainable development in States and Local Governments
Peter Ogbobine, theDirector Legal of NEITI, told the News Agency of Nigeria in Abuja on Tuesday that the figure was the accumulation from 2000 to 2014
In the suit No. FHC/L/CS/198/2017 filed on its behalf by Ebun-Olu Adegboruwa, the NCP argued that only elected officers were entitled to run the affairs of all local governments in Lagos State
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
The figures were derived from documents obtained from the Federal Ministry of Finance showing that the total revenue generated for the months under review was N2.73 trillion
This was contained in a statement issued in Ilorin by the Commissioner for Finance, Alhaji Demola Banu
Governor AbdulFatah Ahmed disclosed this at the Annual Lecture of the Third-Estate Forum, which held in llorin, Kwara State
Banu disclosed that the state’s monthly wage bill, including pensions and overheads, was N2.4 billion
In a report by the Economic Confidential, the economic intelligence magazine, it appears Osun State is worse hit by the development and ranks number one as its allocation for the month of April 2016 totaling N2.030 billion was wiped away by a deduction of N2.391 billion, leaving a deficit of N361 million to be paid in the subsequent month by the state
The breakdown is contained in a report obtained by the News Agency of Nigeria on Thursday from a source at the office of the Accountant-General of the Federation
The highlights of the report, released by the Auditor-General of the Federation, Samuel Ukura, on Thursday in Abuja, showed that the total gross revenue generated from crude oil liftings was $69.34 billion and not $67 billion as bandied in some quarters, including the Senate Reconciliation Committee, for the period from January 2012 to July 2013
Niger state governor Muazu Babangida Aliyu on Wednesday restated his request for more money for States and Local Governments in the country from the federation account.