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November 12, 2024 ASUU Calls for Utilization of Backlog of Unspent Funds Allocated to Tertiary Education

ASUU Calls for Utilization of Backlog of Unspent Funds Allocated to Tertiary Education

The Academic Staff Union of Universities, ASUU, has called for the utilisation of backlog of unspent funds allocated to tertiary education.

ASUU warned that the continued stagnation of these resources could hinder the growth and development of the nation’s tertiary institutions.

ASUU’S position was made when the Tertiary Education Trust Fund, TETFUND, engaged stakeholders at a one-day strategic interaction with heads of beneficiary institutions.

At the meeting, held in Abuja, yesterday, the Executive Secretary of TETFund, Mr. SONNY ECHONO said the strategic engagement intends to align efforts with stakeholders to optimize performance and enhance the quality of Nigeria’s tertiary education.

November 11, 2024 Ondo Polls: Sensitive Materials Land Akure, Ahead of Governorship Polls

Ondo Polls: Sensitive Materials Land Akure, Ahead of Governorship Polls

The Independent National Electoral Commission; INEC has confirmed that sensitive materials for the Ondo State Governorship election, scheduled for Saturday 16th November 2024 have arrived in Akure, the State capital, and received by officials of the Central Bank of Nigeria.
The materials were conveyed to Akure by the Nigeria Airforce earlier today, November 11, 2024.
November 11, 2024 Labor Carpets Fuel Marketers Over Inflated Pump Prices

Labor Carpets Fuel Marketers Over Inflated Pump Prices

The Nigeria Labour Congress (NLC) has accused fuel marketers of inflating petrol prices, claiming the pump price is significantly higher than the actual market value.

The NLC contends that Nigerians are being exploited, with citizens enduring heightened suffering and hunger due to government policies that are pushing many into destitution.

In a communiqué released following its National Executive Council meeting, the NLC highlighted the severe economic hardship across the country and called for an urgent review of policies it described as anti-people.

The organization’s call underscores its growing concerns over the economic strain on Nigerians and its commitment to holding both fuel marketers and the government accountable for citizens’ welfare.

November 11, 2024 Nigerians Call for Return to Self-Dependent States As Internal Revenue Drops in States

Nigerians Call for Return to Self-Dependent States As Internal Revenue Drops in States

Nigerians have called on the 36 states of the federation to go back to areas they have comparative advantage on as a means of growing their Internally Generated Revenue – IGR.

The development comes amid concerns that Oil-rich states, such as Akwa Ibom, Bayelsa and Delta, could face a financial crisis without the critical allocation from the Federation Account Allocation Committee; FAAC despite their abundant resources.

The report by a civic-tech organisation, BudgIT, revealed that 32 states depended on FAAC transfers for at least 62 percent of their recurrent revenue, with 21 states relying on federal sources for over 80 percent of their income.

Speaking during INSPIRATION FM’s News and Current Affairs, Talk Radio hosted by ADEBAYO SAMUEL at the weekend, Citizens advised all the states in the country to grow their IGR by going back to whatever they can produce.

They also called the federal Government, to allow states to have full control of their resources and thereafter make returns to the central Government.

The FAAC, which distributes funds monthly, allocates these funds based on various factors, including the 13 percent derivation, statutory allocations, Value Added Tax (VAT) revenue, and the division of funds among the three tiers of government.

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