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September 17, 2024 NEITI Confirms 3.473 FAAC Allocations in Q2 of 2024
IFMUYONEWS

NEITI Confirms 3.473 FAAC Allocations in Q2 of 2024

the Nigeria Extractive Industries Transparency Initiative has stated that the Federation Accounts Allocation Committee has disbursed 3.473Trillion Naira to the federal, state and local government in the second quarter (Q2) of 2024.

This reflects an increase of N46.77bn which is 1.42 percent compared to the first quarter of 2024.

This was disclosed by the agency’s Assistant Director, Communications and Advocacy, CHRIS OCHONU, in a statement released on Monday, noting that these figures are part of NEITI’s latest Quarterly Report on Federation Account Revenue Allocations for Q2 2024.

CHRIS OCHONU said the Federal Government received 1.102 Trillion Naira, representing 33.35 percent of the total allocation while 36 states received 1.337 Trillion Naira and the 774 local government councils shared 864.98 Billion Naira.

He added that nine oil-producing states received 169.26Billion Naira as their derivation share from mineral revenue.

September 17, 2024 President Tinubu Visits Maiduguri
IFMUYONEWS

President Tinubu Visits Maiduguri

President BOLA TINUBU visited Maiduguri, the capital of Borno State, yesterday to commiserate with the government and people of the state following the recent flood disaster.

President TINUBU, who proceeded to one of the emergency camps to sympathise with the flood victims, assured the displaced persons at the camp that his government would provide support.

Accompanying the President were the Senate President, GODSWILL AKPABIO; the Minister of Agriculture, ABUBAKAR KYARI; and the Group Managing Director of the Nigerian National Petroleum Corporation, MELE KYARI.

September 17, 2024 Beneficiaries Rejoice as The Bulk Purchase Agency Begins 2nd Phase of Food Distribution
IFMUYONEWS

Beneficiaries Rejoice as The Bulk Purchase Agency Begins 2nd Phase of Food Distribution

The beneficiaries of the free food distribution in Ibesikpo Asutan local government area, yesterday, had lauded Governor UMO ENO’s effort in alleviating their economic hardship.

Recall that Governor UMO ENO, at the height of the economic challenges facing the country had assured the vulnerable citizens in Akwa Ibom of his administration’s determination to cater for their welfare.

The programme, which is anchored by the State Bulk Purchase Agency, saw beneficiaries who had confirmed their names on the social register receive their palliatives in exchange for food vouchers.

Some of the beneficiaries from different wards in Ibesikpo Asutan local government area, who spoke to newsmen, expressed their gratitude to the Governor for his magnanimity.

Speaking about the process of distribution, the Media Consultant to the Governor, Hon ANIEKAN UMANAH highlighted the need for orderliness to ensure that the real vulnerable people benefited from the programme.

September 16, 2024 Governor Eno Set For Delivery Unit to Track The ARISE Agenda
IFMUYONEWS

Governor Eno Set For Delivery Unit to Track The ARISE Agenda

Governor UMO ENO has announced plans to create a delivery unit that will be saddled with the responsibility of tracking his administration’s plans and promises to ensure timely implementation.

He has also announced that the previously announced Two Billion Naira single digit interest free loan scheme to traders, will henceforth be converted to a grant.

Governor UMO ENO who made the announcement while addressing a Sunday worship service at Delightful Christian Church, Uyo, explained that the unit will pool delivery advisors and be headed by an Executive Assistant who will work directly with the Governor.

The Governor stressed that it was high time all hands be on deck to deliver on the aspirations of the government, while harping on the need for collaborations towards collective success. He outlined his various support to empower youths and entrepreneurs for economic advancement.

Among such initiatives are the creation of an employment portal for youths to serve as a pool where government agencies and companies can recruit from, opening of a branch of the Bank of Industry in the State to enhance access of Akwa Ibom entrepreneurs to loans on single digit interest rate, and provision of two billion naira grant for traders in markets across the State as well as monthly financial support for the elderly.

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