Records N3.96trn revenue for 2018By Emma Ujah, Abuja Bureau Chief; Emmanuel Elebeke & Mayowa BaiyegunhiFederal Government is set to disburse N649.434 billion to states of the federation, being balance from the Paris Club refund.
The minister said through the implementation of Economic Recovery and Growth Plan, ERGP, which the Buhari-led administration developed in 2017, the economy exited recession and moved upwards on a path of sustainable, inclusive and diversified growth. However, the minister acknowledged that the expenditure performance cannot be in isolation of revenues, which as a result expenditure largely depends on government’s ability to generate budgeted revenues with deficits funded through borrowings.
‘’The government is addressing the issue of reducing the debt service to revenue through a combination of debt substitution strategies.” ‘’The government is addressing the issue of the high debt service burden by a combination of substitution strategies, which include refinancing our shorter term, higher cost debts to longer term lower cost debt.”On his part, Director-General of Custom, Col. Hameed Ali , denied issuing any license to rice importers and appealed to Nigerians to stop the consumption of imported rice.
vanguardngr If only we have a President who can damn the consequences and use these so called refunds to clear ALL arrears of workers salaries in the various states directly !. Please don’t preach!!, the government has taken many steps considered unlawful and not as laudable b4 now !!
vanguardngr If the money is delayed n not disbursed on time, they start shouting Buhari again, children of perdition, brethren of wailers, u just can never satisfy them. If the money is disbursed to them, let them do as they see fit, that’s their problem.
vanguardngr Some people will just talk as if they left their brain at home. Imagine one mumu saying it’s a way of encouraging corruption, if it’s according to ur perception n thinking that the country is being run a lot of thing would have been in jeopardy. Nonsense
vanguardngr Minister, pls don't jump PenCom money. Retirees under CPS are dying while waiting for the payment of their 33% and shot paid contributions.
vanguardngr Lol nah only figure we dry heat but only God know where the money dey enter
vanguardngr This govt has a way of encouraging corruption. Why disburse such humongous funds at the twilight of a regime? Is it supposed to be a parting gift? 🚶
vanguardngr Let it be after swearing
vanguardngr Don't give these governors rather share it to us the citizens through our BVN.
vanguardngr These our governors are really enjoying under PMB, they are going to loot the money as usual officialEFCC be watchful.
vanguardngr So we have this amount of money to disburse to some states that have morons as their governors; dumbass that can’t pay their workers’ salaries. This is amount of money when adequately used, will positively impact on our living condition. Government na SCAM!
vanguardngr Abia State didn't make used of their own in a right places rather they share it among them.
vanguardngr cant the FG make use of this money to resuscitate Ajaokuta steel, build refineries, empower under funded Police and stop $1b loan from china? chai... our yahoo yahoo governors don see awuf again.... day of reckoning awaits us all as humans... so sad
vanguardngr As what na?is to sign most of them off or what...
vanguardngr I hope it won't be to this outgoing governors?
vanguardngr Them go still chop am !! Rapture should just come fast and Nigeria should be the first place !!!
vanguardngr Please... Don't give Kogi Oooh, i tekk God beg you. Election campaign around the corner. That aside, the guy too won't give. If you know, you know.
vanguardngr please this money should be disbursed after swearing in of the new governors.
vanguardngr Disburse, squander it and borrow again. China is always available.
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