The Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
The Federal, state and local governments in Nigeria shared N10.14 trillion in 2023, the Nigerian Extractive Industry Transparency Initiative said yesterday in Abuja.The Federal, state and local governments in Nigeria shared N10.14 trillion in 2023, the Nigerian Extractive Industry Transparency Initiative said yesterday in Abuja.
A further analysis of the disbursements showed an increase of N1.934 trillion or 23.56 per cent when compared to the disbursement of N8.209 trillion shared in the corresponding year 2022. The review attributed the increase to improved revenue remittances to the Federation Account due to the removal of petrol subsidy and the floating of the exchange rate by the new administration.
The Federal Government’s share increased by N574.21 billion, translating to 16.79 per cent from the N3.42 trillion it received in 2022 to N3.99 trillion in 2023. The State governments shared N3.59 trillion in 2023 compared to the N2.76 trillion they got in 2022, showing an increase of 29.99 per cent. Similarly, local government councils’ share of federation allocation was N2.57 trillion in 2023 compared to N2.032 trillion in 2023 which amounts to a 26.22 per cent increase.
Former Vice Chancellor, University of Nigeria Nsukka , Prof. Benjamin Ozumba, has urged Nigerians and the three tiers of government to use Nigerian products and services. Justice Abdullah Liman of the Federal High Court sitting in Kano State has granted an ex parte application restraining further action against patent medicine dealers in the state, pending the hearing and determination of the substantive suit brought before it.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Article of Faith: The God who kills before He makes alive, By Femi AribisalaPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
CBN reiterates directive to banks on utilisation of forex gainsPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
When the Chief Justice brings the judiciary to ridicule, By Chidi Anselm OdinkaluPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Abducted school children may become bandits in future, Group warnsPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Abdul Ningi and the “Apapin” fraternity, By Festus AdedayoPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
JUST IN: Give me power to spend security votes like governors, Wike lobbies lawmakersPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »