Trending News: NIGERIANS IN FINLAND PANIC OVER ARREST, DETENTION OF SIMON EKPAWIKE VS FUBARA: FG BACKTRACTS, SAYS FAAC ALLOCATION TO RIVERS NOT STOPPEDHARDSHIP: MANY NIGERIAN HOUSEHOLDS NOW SKIP MEALSSEYI TINUBU NOT FIT TO BE GOVERNOR OF LAGOS STATE – JOE IGBOKWEOUR DIPLOMATIC PRESSURE ON FINLAND IS WHY SIMON EKPA WAS ARRESTED – FGTHE MEN AROUND TINUBUFUBARA CHALLENGES STOPPING FEDERAL ALLOCATION IN COURTARMED THUGS ALLEGEDLY SPONSORED BY TINUBU ASSOCIATE MC OLUOMO ATTACK NUJ SECRETARIAT IN ABUJABREAKING: FG STOPS OCTOBER FAAC REVENUE TO RIVERS STATEOHANAEZE CELEBRATES SIMON EKPA’S ARREST, SAYS IT’S HUGE RELIEFNORTH CENTRAL KICKS AS PDP POSTPONES NEC MEETINGIPOB DISOWNS SIMON EKPA, SAYS HE’S NOT ITS MEMBERI DIDN’T EXCHANGE BLOWS WITH AKPABIO – SENATE LEADER, OPEYEMIWHITE HOUSE REJECTS ICC ARREST WARRANTS FOR NETANYAHU, GALLANTFOR ME, NO MORE BEAUTY CONTEST – CHIDIMMA ADETSHINAOBASANJO’S KNOCK ON INEC REOPENS PUSH FOR ELECTORAL REFORMJAPA: ONE OUT OF EVERY FOUR NIGERIANS WANTS TO LEAVE – NBSNIGERIANS MORE POLARIZED THAN EVER AFTER 2023 ELECTION, TINUBU’S UNPOPULAR REFORMS – REPORTIT’S TIME TO END YOUR 31-YEAR-LONG PRESIDENTIAL AMBITION – BODE GEORGE TELLS ATIKUSIMON EKPA WILL BE EXTRADITED TO NIGERIA – DEFENCE HEADQUARTERSHOUSE OF REPS REJECTS BILL SEEKING SIX YEARS SINGLE TENURE FOR PRESIDENT, GOVERNORSFINLAND COURT REMANDS SIMON EKPA FOR INCITING TERROR IN NIGERIARUSSIAN INVASION OF UKRAINE SHAMEFUL DISASTER FOR HUMANITY – POPE FRANCISNEW MANAGEMENT TAKES OVER UK VISA APPLICATION CENTRES IN NIGERIAPETER OBI VISITS MARY AGRO FARMS ENUGU STATE, DONATES N20MSIMON EKPA DON LAND FOR TROUBLE, ARRESTED IN FINLAND – BBC PIGINYOU STABBED US AT THE BACK, YOU HUMILIATED US – APC CHIEFTAIN FUMES OVER DANIEL BWALA’S APPOINTMENT BY TINUBUYOU’RE UNSTABLE, FOCUS ON WHEREABOUTS OF YOUR IMPORTED WIFE – ATIKU KNOCKS OSHIOMHOLENORTH WILL BE BEST SERVED BY NORTHERNERS – ACFSTATE GOVERNORS MEET OVER EXCESS CRUDE ACCOUNTCOURT REFUSES INJUNCTION TO STOP NUJ ELECTIONCOURT ORDERS ENUGU GOVT TO PAY MAN N55M OVER ILLEGAL DEMOLITION OF SHOPSVAT GENERATED IN STATES ACROSS NIGERIA (AUGUST 2024)SENATE SACKS CCT CHAIRMAN, DANLADI UMARTINUBU SACKS UNIZIK GOVERNING COUNCIL, REMOVES VCOUR NEW GENERATION OF CHILDRENEX-PRESIDENTIAL AIDE BERATES FG OVER CONTINUOUS KILLINGS IN SOUTH EASTUMAR DAMANGUN, PDP ACTING NATIONAL CHAIRMAN, PLANS TO REMAIN IN OFFICE TILL NEXT YEAREIGHT NIGERIAN BANKS WITH HIGHEST CUSTOMER DEPOSITS IN 2024OTTI EXONERATES IPOB FROM GUNMEN ATTACKS, ACCUSES OPPOSITION POLITICIANSREPS WILL PASS TAX REFORM BILLS WITH MINOR MODIFICATIONS – DEPUTY SPOKESMANNORTHERN, SOUTHERN LAWMAKERS PREPARE TO SQUARE EACH OTHER AGAINST TINUBU’S TAX REFORM BILLSNIGERIA’S DEBT TO IDA HITS $17B – REPORTCONTROVERSY TRAILS TINUBU’S MEDIA TEAMHOW BRITAIN MASSACRED ORIGINAL IGBO NAMES AHEAD OF INDEPENDENCEONE-BED FLAT IN TINUBU’S RENEWED HOPE ESTATE NOW N22MWIKE RIGHT BUILDING HOUSES FOR JUDGES, SENIOR LAWYER, CARPETS FALANABROOM USED ON AJURI NGELARE IS BEING USED ON DANIEL BWALA – ATIKU’S AIDERETHINK REFORM STRATEGIES, IMF ADVISES TINUBU GOVTPRESIDENCY DOWNGRADES DANIEL BWALA AS ROLE AFTER HE DECLARED HIMSELF TINUBU’S SPOKESMANPETROL PRICE CUT MAY FORCE NIGERIA’S INFLATIONARY PRESSURES DOWN – ECONOMISTNORTHERN REPS RAISE FRESH CONCERNS OVER TAX REFORM BILLSTAX REFORM BILLS: GOVS THREATENING TO DENY US RETURN TICKETS – REPS DEPUTY SPOKESMANNIGERIAN FAMILY DEMANDS JUSTICE FOR DOCTOR WHO DIED IN JORDAN, CRIES TO WHOINSIDE STORY OF ALLEGED JUDICIAL CORRUPTION IN NIGERIA, BY JUSTICE DATTIJO MOHAMMEDNERC WARNS AGAINST MAKING CUSTOMERS FUND REPLACEMENT OF FAULTY METERSOBASANJO NOT AN IDEAL LEADER TO EMULATE – BAYO ONANUGAWE’VE NOT TAKEN ANY POSITION ON TAX REFORM BILL – ABBASPETER OBI COMMENDS CHIDIMMA ADETSHINA ON MISS UNIVERSE CONTESTOBASANJO, IMF SLAM TINUBU GOVT, PRESIDENCY KEEP MUMGOD IS WATCHING YOU – CARDINAL ONAIYEKAN TELLS TINUBU TO SHUN NEPOTISMLAGOS WANTS TO COLONIZE NORTH WITH TAX REFORM BILL – KWANKWASOFIVE FEARED KILLED AS SIT-AT-HOME ENFORCERS ATTACK ANAMBRA COMMUNITIESPETROL PRICE DROPS: DANGOTE, IPMAN SIGN 60M LITRES FUEL WEEKLY DEALBART NNAJI SETS UP ROBOTICS, ARTIFICIAL INTELLIGENCE INSTITUTE IN NIGERIANIGERIANS BACK NJC ON SANCTIONING OF ERRING JUDGES, DEMAND MORENNPC CONTINUES IMPORTING PETROL, DIESEL AMID DANGOTE REFINERY SURPLUSESSACK MAHMOOD YAKUBU, OTHER OFFICIALS OF INEC AT FEDERAL, STATES – OBASANJOONDO GOVERNORSHIP ELECTION: WE TARGET ALL SOUTH WEST STATES – GANDUJE, APC NATIONAL CHAIRMANSOME INDIVIDUALS SABOTAGING FG’S WAR AGAINST INSURGENCY – CDSMISS UNIVERSE FIRST RUNNER UP, CHIDINMA ADETSHINA, THANKS NIGERIANS: AT MY LOWEST, YOU PICKED ME UPENUGU FIRM FINGERED AS WORLD BANK DETECTS $32M WATER PROJECT FRAUDPDP BLASTS EBONYI GOVERNOR FOR SPENDING BILLIONS OF NAIRA WELCOMING TINUBU’S WIFE, ON FRIVOLOUS PROJECTSCHIDINMA ADETSHINA FIRST RUNNER UP AT MISS UNIVERSE CONTESTRIVERS STATE CRISIS NOW IN AUTO-PILOTCRISIS IN OLUMBA OLUMBA AS MEMBERS DESTROY SUCCESSOR’S PORTRAITHELP!: LAGOS COURT SENTENCED ME TO DEATH FOR CRIME I KNOW NOTHING ABOUT – EBONYI INDIGENENIGERIA’S ECONOMIC FAILING CONFIRMED UNDER EMILOKAN – OBASANJOBOTTLED UP EMOTIONS: NIGERIAN MEN BATTLE ‘DEPRESSION’ AMID ECONOMIC HARDSHIPNJC DISMISSES $1M, BULLET-PROOF CAR, LAND GIFT ALLEGATION AGAINST JUDGE IN RIVERS CASEWHY NORTHERN GOVERNORS OPPOSE TINUBU’S TAX REFORM BILLNO AGREEMENT TO GIVE ATIKU 2027 PRESIDENTIAL TICKET – PDPAPPEAL COURT SACKS TINUBU’S MAN, MC OLUOMO AS NURTW NATIONAL PRESIDENTUNIZIK VC SPEAKS ON CONTROVERSIAL ACADEMIC RECORDSWHY IGBO APPRENTICESHIP SYSTEM IS FAILING, VICTIMS NARRATE EXPRIENCESWHY FG DIDN’T IMPLEMENT SUPREME COURT JUDGEMENT ON LG COUNCILS – AGFNJC SENDS TWO JUDGES PACKING OVER AGE FALSIFICATIONPOLICE ALLEGED KILLERS OF ENUGU MARKET LEADERSUPREME COURT DISMISSES SUIT BY 19 STATES CHALLENGING CONSTITUTIONALITY OF EFCC, ICPC, NFIUBREAKING: NJC SUSPENDS RIVERS, ANAMBRA HIGH COURT JUDGES, TAKES DECISION ON OTHERSAPPEAL COURT PANEL RESERVES JUDGEMENT ON RIVERS POLITICAL CRISISYOU’RE POOR STUDENT OF HISTORY, A CLOWN – ATIKU TELLS MAKINDEFBI, CIA, DEA BIGGEST BLOW TO DEMOCRACY IN AFRICA, BY RAPHAEL ADEBOYECONCERN OVER CASH SQUEEZE IN STATES DESPITE INCREASED CBN SUPPLYDRAMA AS TWO LAWYERS CLASH IN COURT OVER PDP REPRESENTATION IN RIVERS ASSEMBLY CRISISEBONYI AIRPORT AS WHITE ELEPHANT PROJECTREACTIONS TRAIL TINUBU’S APPOINTMENT OF DANIEL BWALA AS SAFINALLY, DANIEL BWALA LANDS BIG JOB IN TINUBU’S GOVTASUU ACCUSES IMF, WORLD BANK OF WORKING TO DESTROY PUBLIC EDUCATION SYSTEMEDO GOV, OKPEBHOLO, FREEZES ALL STATE-OWNED BANK ACCOUNTS
Sat. Nov 23rd, 2024
Trending News: NIGERIANS IN FINLAND PANIC OVER ARREST, DETENTION OF SIMON EKPAWIKE VS FUBARA: FG BACKTRACTS, SAYS FAAC ALLOCATION TO RIVERS NOT STOPPEDHARDSHIP: MANY NIGERIAN HOUSEHOLDS NOW SKIP MEALSSEYI TINUBU NOT FIT TO BE GOVERNOR OF LAGOS STATE – JOE IGBOKWEOUR DIPLOMATIC PRESSURE ON FINLAND IS WHY SIMON EKPA WAS ARRESTED – FGTHE MEN AROUND TINUBUFUBARA CHALLENGES STOPPING FEDERAL ALLOCATION IN COURTARMED THUGS ALLEGEDLY SPONSORED BY TINUBU ASSOCIATE MC OLUOMO ATTACK NUJ SECRETARIAT IN ABUJABREAKING: FG STOPS OCTOBER FAAC REVENUE TO RIVERS STATEOHANAEZE CELEBRATES SIMON EKPA’S ARREST, SAYS IT’S HUGE RELIEFNORTH CENTRAL KICKS AS PDP POSTPONES NEC MEETINGIPOB DISOWNS SIMON EKPA, SAYS HE’S NOT ITS MEMBERI DIDN’T EXCHANGE BLOWS WITH AKPABIO – SENATE LEADER, OPEYEMIWHITE HOUSE REJECTS ICC ARREST WARRANTS FOR NETANYAHU, GALLANTFOR ME, NO MORE BEAUTY CONTEST – CHIDIMMA ADETSHINAOBASANJO’S KNOCK ON INEC REOPENS PUSH FOR ELECTORAL REFORMJAPA: ONE OUT OF EVERY FOUR NIGERIANS WANTS TO LEAVE – NBSNIGERIANS MORE POLARIZED THAN EVER AFTER 2023 ELECTION, TINUBU’S UNPOPULAR REFORMS – REPORTIT’S TIME TO END YOUR 31-YEAR-LONG PRESIDENTIAL AMBITION – BODE GEORGE TELLS ATIKUSIMON EKPA WILL BE EXTRADITED TO NIGERIA – DEFENCE HEADQUARTERSHOUSE OF REPS REJECTS BILL SEEKING SIX YEARS SINGLE TENURE FOR PRESIDENT, GOVERNORSFINLAND COURT REMANDS SIMON EKPA FOR INCITING TERROR IN NIGERIARUSSIAN INVASION OF UKRAINE SHAMEFUL DISASTER FOR HUMANITY – POPE FRANCISNEW MANAGEMENT TAKES OVER UK VISA APPLICATION CENTRES IN NIGERIAPETER OBI VISITS MARY AGRO FARMS ENUGU STATE, DONATES N20MSIMON EKPA DON LAND FOR TROUBLE, ARRESTED IN FINLAND – BBC PIGINYOU STABBED US AT THE BACK, YOU HUMILIATED US – APC CHIEFTAIN FUMES OVER DANIEL BWALA’S APPOINTMENT BY TINUBUYOU’RE UNSTABLE, FOCUS ON WHEREABOUTS OF YOUR IMPORTED WIFE – ATIKU KNOCKS OSHIOMHOLENORTH WILL BE BEST SERVED BY NORTHERNERS – ACFSTATE GOVERNORS MEET OVER EXCESS CRUDE ACCOUNTCOURT REFUSES INJUNCTION TO STOP NUJ ELECTIONCOURT ORDERS ENUGU GOVT TO PAY MAN N55M OVER ILLEGAL DEMOLITION OF SHOPSVAT GENERATED IN STATES ACROSS NIGERIA (AUGUST 2024)SENATE SACKS CCT CHAIRMAN, DANLADI UMARTINUBU SACKS UNIZIK GOVERNING COUNCIL, REMOVES VCOUR NEW GENERATION OF CHILDRENEX-PRESIDENTIAL AIDE BERATES FG OVER CONTINUOUS KILLINGS IN SOUTH EASTUMAR DAMANGUN, PDP ACTING NATIONAL CHAIRMAN, PLANS TO REMAIN IN OFFICE TILL NEXT YEAREIGHT NIGERIAN BANKS WITH HIGHEST CUSTOMER DEPOSITS IN 2024OTTI EXONERATES IPOB FROM GUNMEN ATTACKS, ACCUSES OPPOSITION POLITICIANSREPS WILL PASS TAX REFORM BILLS WITH MINOR MODIFICATIONS – DEPUTY SPOKESMANNORTHERN, SOUTHERN LAWMAKERS PREPARE TO SQUARE EACH OTHER AGAINST TINUBU’S TAX REFORM BILLSNIGERIA’S DEBT TO IDA HITS $17B – REPORTCONTROVERSY TRAILS TINUBU’S MEDIA TEAMHOW BRITAIN MASSACRED ORIGINAL IGBO NAMES AHEAD OF INDEPENDENCEONE-BED FLAT IN TINUBU’S RENEWED HOPE ESTATE NOW N22MWIKE RIGHT BUILDING HOUSES FOR JUDGES, SENIOR LAWYER, CARPETS FALANABROOM USED ON AJURI NGELARE IS BEING USED ON DANIEL BWALA – ATIKU’S AIDERETHINK REFORM STRATEGIES, IMF ADVISES TINUBU GOVTPRESIDENCY DOWNGRADES DANIEL BWALA AS ROLE AFTER HE DECLARED HIMSELF TINUBU’S SPOKESMANPETROL PRICE CUT MAY FORCE NIGERIA’S INFLATIONARY PRESSURES DOWN – ECONOMISTNORTHERN REPS RAISE FRESH CONCERNS OVER TAX REFORM BILLSTAX REFORM BILLS: GOVS THREATENING TO DENY US RETURN TICKETS – REPS DEPUTY SPOKESMANNIGERIAN FAMILY DEMANDS JUSTICE FOR DOCTOR WHO DIED IN JORDAN, CRIES TO WHOINSIDE STORY OF ALLEGED JUDICIAL CORRUPTION IN NIGERIA, BY JUSTICE DATTIJO MOHAMMEDNERC WARNS AGAINST MAKING CUSTOMERS FUND REPLACEMENT OF FAULTY METERSOBASANJO NOT AN IDEAL LEADER TO EMULATE – BAYO ONANUGAWE’VE NOT TAKEN ANY POSITION ON TAX REFORM BILL – ABBASPETER OBI COMMENDS CHIDIMMA ADETSHINA ON MISS UNIVERSE CONTESTOBASANJO, IMF SLAM TINUBU GOVT, PRESIDENCY KEEP MUMGOD IS WATCHING YOU – CARDINAL ONAIYEKAN TELLS TINUBU TO SHUN NEPOTISMLAGOS WANTS TO COLONIZE NORTH WITH TAX REFORM BILL – KWANKWASOFIVE FEARED KILLED AS SIT-AT-HOME ENFORCERS ATTACK ANAMBRA COMMUNITIESPETROL PRICE DROPS: DANGOTE, IPMAN SIGN 60M LITRES FUEL WEEKLY DEALBART NNAJI SETS UP ROBOTICS, ARTIFICIAL INTELLIGENCE INSTITUTE IN NIGERIANIGERIANS BACK NJC ON SANCTIONING OF ERRING JUDGES, DEMAND MORENNPC CONTINUES IMPORTING PETROL, DIESEL AMID DANGOTE REFINERY SURPLUSESSACK MAHMOOD YAKUBU, OTHER OFFICIALS OF INEC AT FEDERAL, STATES – OBASANJOONDO GOVERNORSHIP ELECTION: WE TARGET ALL SOUTH WEST STATES – GANDUJE, APC NATIONAL CHAIRMANSOME INDIVIDUALS SABOTAGING FG’S WAR AGAINST INSURGENCY – CDSMISS UNIVERSE FIRST RUNNER UP, CHIDINMA ADETSHINA, THANKS NIGERIANS: AT MY LOWEST, YOU PICKED ME UPENUGU FIRM FINGERED AS WORLD BANK DETECTS $32M WATER PROJECT FRAUDPDP BLASTS EBONYI GOVERNOR FOR SPENDING BILLIONS OF NAIRA WELCOMING TINUBU’S WIFE, ON FRIVOLOUS PROJECTSCHIDINMA ADETSHINA FIRST RUNNER UP AT MISS UNIVERSE CONTESTRIVERS STATE CRISIS NOW IN AUTO-PILOTCRISIS IN OLUMBA OLUMBA AS MEMBERS DESTROY SUCCESSOR’S PORTRAITHELP!: LAGOS COURT SENTENCED ME TO DEATH FOR CRIME I KNOW NOTHING ABOUT – EBONYI INDIGENENIGERIA’S ECONOMIC FAILING CONFIRMED UNDER EMILOKAN – OBASANJOBOTTLED UP EMOTIONS: NIGERIAN MEN BATTLE ‘DEPRESSION’ AMID ECONOMIC HARDSHIPNJC DISMISSES $1M, BULLET-PROOF CAR, LAND GIFT ALLEGATION AGAINST JUDGE IN RIVERS CASEWHY NORTHERN GOVERNORS OPPOSE TINUBU’S TAX REFORM BILLNO AGREEMENT TO GIVE ATIKU 2027 PRESIDENTIAL TICKET – PDPAPPEAL COURT SACKS TINUBU’S MAN, MC OLUOMO AS NURTW NATIONAL PRESIDENTUNIZIK VC SPEAKS ON CONTROVERSIAL ACADEMIC RECORDSWHY IGBO APPRENTICESHIP SYSTEM IS FAILING, VICTIMS NARRATE EXPRIENCESWHY FG DIDN’T IMPLEMENT SUPREME COURT JUDGEMENT ON LG COUNCILS – AGFNJC SENDS TWO JUDGES PACKING OVER AGE FALSIFICATIONPOLICE ALLEGED KILLERS OF ENUGU MARKET LEADERSUPREME COURT DISMISSES SUIT BY 19 STATES CHALLENGING CONSTITUTIONALITY OF EFCC, ICPC, NFIUBREAKING: NJC SUSPENDS RIVERS, ANAMBRA HIGH COURT JUDGES, TAKES DECISION ON OTHERSAPPEAL COURT PANEL RESERVES JUDGEMENT ON RIVERS POLITICAL CRISISYOU’RE POOR STUDENT OF HISTORY, A CLOWN – ATIKU TELLS MAKINDEFBI, CIA, DEA BIGGEST BLOW TO DEMOCRACY IN AFRICA, BY RAPHAEL ADEBOYECONCERN OVER CASH SQUEEZE IN STATES DESPITE INCREASED CBN SUPPLYDRAMA AS TWO LAWYERS CLASH IN COURT OVER PDP REPRESENTATION IN RIVERS ASSEMBLY CRISISEBONYI AIRPORT AS WHITE ELEPHANT PROJECTREACTIONS TRAIL TINUBU’S APPOINTMENT OF DANIEL BWALA AS SAFINALLY, DANIEL BWALA LANDS BIG JOB IN TINUBU’S GOVTASUU ACCUSES IMF, WORLD BANK OF WORKING TO DESTROY PUBLIC EDUCATION SYSTEMEDO GOV, OKPEBHOLO, FREEZES ALL STATE-OWNED BANK ACCOUNTS
Sat. Nov 23rd, 2024

36 STATES, 774 LGS SHARE N10.13TRN IN SIX MONTHS – NBS REPORT

download 27 4

36 STATES, 774 LGS SHARE N10.13TRN IN SIX MONTHS – NBS REPORT

Data from the National Bureau of Statistics (NBS) has shown that five states which include some Niger Delta states and the country’s commercial nerve centre, Lagos State, received the largest allocations from the federal government from January to May 2024.

The NBS report further revealed that the 36 states and 774 local governments shared a total of ₦10.13 trillion as statutory allocation within the period under review.

The data sourced from monthly reports of the Federation Accounts Allocation Committee (FAAC), and published by the NBS revealed that the 36 states’ allocation rose by 27% to ₦4.5 billion in 12 months (June 2023 to May 2024) from ₦3.58 trillion in the corresponding period (June 2022 and May 2023).

The compilation of the states’ allocations collected from January 2024 to May 2024, showed that some Niger Delta states and Lagos received the most allocations (in naira) as seen in the table below:

The revenue sharing formula as defined by FAAC gives the Federal Government the larger part of the allocation which stands at 52.68%, the states receive 26.72%, and local governments get 20.60%.

The monthly income shared with the federal, state and local government areas is mostly sourced from earnings derived from oil exports, taxes (Value Added Tax – VAT), Electronic Money Transfer Levy (EMTL), Exchange Difference revenue and other statutory allocations.Other income sources include internally generated revenue and the 13% derivation revenue (for the benefitting states) which explains the higher allocations for the Niger Delta (oil-producing) states.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

    Related Posts

    EDICT ESTABLISHING NIGERIA EXPIRED TEN YEARS AGO – NORTHERN ELDERS

    EDICT ESTABLISHING NIGERIA EXPIRED TEN YEARS AGO – NORTHERN ELDERS The Northern Elders Forum has declared that the Edict that birthed Nigeria expired 10 years ago.The chairman of the Forum, Ango Abdullahi, stated this, in an interview, on the sidelines of a “national dialogue on home grown parliamentary system” organised by a group of members of the House of Representativesunder the aegis of the Parliamentary System Support Group (PSSG).The event was to galvanize support for a bill sponsored by 83 members of the PSSG for the country to return to parliamentary system of government. The bill is awaiting second reading in the House of Representatives.The elder statesman noted:“Nigeria was born in 1914. It was a product of an Edict by the colonial officials that were largely military, in consultation with a few of our elders, about five or six of them. The Sultan of that period. The Shehu of Borno of that period. The Alaafin of Oyo of that period. Obong of Calabar of that period and other names that I have forgotten.“They sat down and looked at development that was taking place in colonized areas of Lagos, Southern Nigeria and the North. So by 1914, the colonial masters in Britain wanted to solidify their gains so that they could more easily exploit the colony. That was how they sat down and agreed that they would amalgamate the territories of Lagos, South and North. And the wife of the governor general at that time, was the one that gave us our name, Nigeria.“In the Edict, if you read it, it was clear that we were being encouraged from various backgrounds to come together and build a country called Nigeria. And our leaders at that time agreed that we will try. But we were advised in the details of the Edict that we should be monitoring progress over the years.. but the life of the edict was 100 years. Which meant that the Edict expired 2014, which is 100 years from its formation..“The question now is that we are now in 2024, this kind of dialogue reminds us that we have a history that started In 1914, and in the conclusion of that Edict, it says if we failed to be a country that we will call our own, and are proud of our country, by the expiration of that period, the various components that were in that amalgamation discussion could go their separate ways.”Abdullahi said the dialogue was one of the ways to chart a path forward for the country.Earlier, the elder statesman stated that the adoption of the presidential system of government was a mistake. “This dialogue should really be as objective as passionate if possible to look at some of the things that we did wrongly. One of the things we did wrongly was to bring in a system that did not fit us. If we can, we should work on something. It must not necessarily be a typical parliamentary system from our former colonial masters, it could be something else.”However, the former speaker of the House of Representatives, Yakubu Dogara, while speaking at the event, said the challenge with the Nigerian version of the presidential system of government is that it stifles accountability.“The major problem with the presidential system is not because we borrowed the system, but those who copied the system did not do a wonderful job. I got to know this in my undergraduate days. The problem is that those who copied and created the 1979 constitution, it is not the American system that we copied. In the US, impeachment of the executive is real, it can happen. Even judges can be impeached.“The provision is that it is the House that carries out impeachment, both for the executive…

    Continue reading
    EVERY NIGERIAN NOW OWES N620,000 – DEBT PER CAPITA REPORT

    EVERY NIGERIAN NOW OWES N620,000 – DEBT PER CAPITA REPORT A dats review for the second quarter debt portfolio of the country released by the National Bureau of Statistics (NBS) has shown that the debt owed by every Nigerian on the average stood at N619,501. According to the data published by the Debt Management Office, Nigeria’s public debt stood at N134.297 trillion as of the second quarter of 2024 (June, 2024). With the National Bureau of Statistics putting the country’s population at 216.7 million persons, it would mean that debt per capita stands at N619,501 based on the latest debt figure released by the DMO. Put into further context, each Nigerian owes nine times the newly approved minimum wage of N70,000, if debt per capita is put into context. Nigeria’s Debt Profile Grows By Record N46.9trillion Under Tinubu-Led Government The debt data further shows that domestic debt stands at N71.2trillion, whole external debt stands at N63 trillion. Of the amount owed, States owe N7.1 trillion externally while the federal government owes N55.8 trillion externally. States owe N4.2 trillion domestically while federal government owes N66.9 trillion. The new debt figure of the country put at N134 trillion is a N13 trillion increase from the N121 trillion recorded as of March 2024. The development is amid clamour for less reliance on loans by the Nigerian government.

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Biafra News

    NIGERIANS IN FINLAND PANIC OVER ARREST, DETENTION OF SIMON EKPA

    • By Dons Eze
    • November 23, 2024
    • 71 views
    Politics

    WIKE VS FUBARA: FG BACKTRACTS, SAYS FAAC ALLOCATION TO RIVERS NOT STOPPED

    • By Dons Eze
    • November 23, 2024
    • 55 views
    Food

    HARDSHIP: MANY NIGERIAN HOUSEHOLDS NOW SKIP MEALS

    • By Dons Eze
    • November 23, 2024
    • 36 views
    Politics

    SEYI TINUBU NOT FIT TO BE GOVERNOR OF LAGOS STATE – JOE IGBOKWE

    • By Dons Eze
    • November 23, 2024
    • 56 views
    Biafra News

    OUR DIPLOMATIC PRESSURE ON FINLAND IS WHY SIMON EKPA WAS ARRESTED – FG

    • By Dons Eze
    • November 23, 2024
    • 45 views
    Politics

    THE MEN AROUND TINUBU

    • By Dons Eze
    • November 23, 2024
    • 30 views

    DISCLAIMER - TERMS AND CONDITIONS - PRIVACY POLICY