FG To Redeem Debts Owed States With Over N31.4bn       The Federal Government will tomorrow release over N31.4 billion to state governments in keeping with its obligations to service its debts. The state governments will be credited with N31,440,652,571 tomorrow when the promissory notes issued to them...

FG, States, LGs Shared N619.343bn For December, 2020         The Federation Accounts Allocation Committee on Wednesday at its virtual meeting shared a total sum of N619.343bn as federation allocation for the month of December 2020 to the three tiers of government. From this amount, the Federal Government...

26 States Set For N878bn Deficit In 2021       Amidst a nationwide push against the recessionary economy, about 26 states of the nation are planning to spend about N878 billion in excess of what their revenue expectations can carry. This indicates that they also plan to...

Senate Okays FG’s N148.14bn Refund To Ondo, Osun, Others         The Senate on Tuesday approved the request of President Muhammadu Buhari’, seeking a refund of N148,141,969,161.24 to Ondo, Osun, Rivers, Bayelsa, and Cross River states. The amount was meant for projects they executed on behalf of the...

Fed Govt Processing $750m World Bank Loan For States         The Federal Government has said it is processing a World Bank loan of $750 million on behalf of state governments, to stimulate the local economy as well as support vulnerable household’s consumption. The Minister of Finance, Budget...

Fed Govt Secures $72m For States On Land Development         The Federal Government has secured $2m each for the 36 states of the federation to develop their land information system through a World Bank funded programme. Minister of Science and Technology, Ogbonaya Onu, disclosed this in Abuja...