On Air
On Air Now:
Now Playing:Loading...
Call Us Live: 09026841059&08182229105
Watch Live VIEW PROGRAMME SCHEDULE
Stay connected:

Category: Trending

Homepage > Trending
site loader
July 17, 2024 Federal Government, States and Local Governments Share N1.3Trn from FAAC
IFMUYONEWS

Federal Government, States and Local Governments Share N1.3Trn from FAAC

the Federation Account Allocation Committee (FAAC) has shared a total of 1.354 trillionnaira to the three tiers of government.

A communiqué at the end of its meeting in Abuja indicated that the funds came from the Federation revenue earned in June.

The distributable revenue comprised statutory revenue of 142.5 billion naira, distributable Value Added Tax (VAT) revenue of 523.973 billion naira, Electronic Money Transfer Levy (EMTL) revenue of 15.692 billion naira, Exchange Difference revenue of 472.192 billion naira and Augmentation of 200.000 billion naira.

Total revenue of 2.483 trillion naira was available in the month of June 2024. Total deduction for cost of collection was 92.112 billion naira while total transfers, interventions and refunds was to 1,037.407 billion naira.

Gross statutory revenue of 1.432 trillion naira was received for the month of June 2024. This was higher than the sum of 1.223 trillion naira received in month of May 2024 by 208.773 billion naira.

July 16, 2024 Umo Eno Welcomes Financial Autonomy for LGAs, States Concerns Over Effective Implementation
IFMUYONEWS

Umo Eno Welcomes Financial Autonomy for LGAs, States Concerns Over Effective Implementation

The Akwa Ibom State Governor, Pastor UMO ENO, has described the recent Supreme Court ruling granting financial autonomy to local governments as a welcome development and relief to state governments.

He however expressed concerns over its effective implementation and the ability of Local governments to handle their financial responsibilities.

Governor ENO made the observations while fielding questions with newsmen at Victor Attah International Airport, Uyo, upon his return to the state from an official engagement.

The Governor noted that the Supreme Court’s verdict onthe matter remains sacrosanct, being the pronouncement of the final court in the land.

He noted that the judgment will not impact the Akwa Ibom State Government in anyway, stressing that so far, under his administration and even in previous years,  local governments have been getting their due allocations, without any interference with the operations of the joint account.

July 16, 2024 Federal Government Distributes 20 Trucks of Rice to State Governors
IFMUYONEWS

Federal Government Distributes 20 Trucks of Rice to State Governors

The Federal Government has distributed 20 trucks of rice each to the 36 states of the Federation and the Federal Capital Territory (FCT), Abuja.

The Minister of Information and National Orientation, MOHAMMED IDRIS, disclosed this after Monday’s Federal Executive Council (FEC) meeting.

The minister said this is the first step as the government takes strides to address the issue of food shortage in the country and appealed to the governors to ensure the effective distribution of the grains to the most vulnerable in the society.

July 16, 2024 Chairman House Committee on Sports, Ekene Adams in Dead
IFMUYONEWS

Chairman House Committee on Sports, Ekene Adams in Dead

The  member representing Chikun/Kajuru Federal Constituency in Kaduna State, Nigeria, Hon. Ekene Abubakar Adams  is dead.
A former football player, former General Manager of Nigeria league sides Kada City Football Club, and Remo Stars before winning the house of Representatives election under Labour Party in 2023.
With his sporting background, despite being a first timer, he was appointed the Chairman of House of Reps Committee on Sports.
While trying to find his feet politically, he had been a member of APGA, APC before joining LP where he won the 2023 elections
In 2021, he contested under APC for local government chairman but lost in the primaries. Also lost APC primaries for House of Representatives and later got the ticket of LP.
He died in the early hours July 16th, 2024 after a protracted ailment.
This is the second death in the House of Reps within 7 days.
May his soul rest in peace.

DOWNLOAD OUR APP

Google Play App Store

FOLLOW US

Watch Live

 

 

x