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With Dwindling Allocations, States Eye IGR Drive, Initiate Cost-cutting Measures

•Akwa Ibom, Gombe begin biometric capturing to reduce wage bills •Kaduna may revert to payment of N18,000, Nasarawa introduces TSA Our Reporters With the dwindling allocations from the Federation Accounts Allocation Committee (FAAC), state governments nationwide have planned a raft of measures to earn more revenues and enthrone frugality in public spending, THISDAY has learnt. Investigations showed that many of the states are in dire financial straits and could hardly pay salaries as and when due as well as meet other contractual obligations in the wake of the double whammy of the COVID-19 pandemic, which disrupted socio-economic activities, and the low price of crude oil, the major source of foreign exchange for the federation, in the global market.

Press focuses on call by Buhari for responsible press freedom, others

Press focuses on call by Buhari for responsible press freedom, others Nigeria-Press-Review May 03, 2021 to 09:43 388 APA – Lagos (Nigeria) The call by President Muhammadu Buhari for responsible press freedom among media professionals in Nigeria is one of the trending stories in Nigerian newspapers on Monday. ThisDay reports that President Muhammadu Buhari and the President of the Senate, Dr. Ahmad Lawan, have urged the media to express its freedom with responsibility. While Buhari called for responsible press freedom among media professionals in the country, Lawan urged the media to purge itself of bad eggs, promising that the National Assembly won’t pass anti-press legislations.

Zero allocation: We have enough to pay workers salaries - Gov Badaru

Police launch search for Yagba West Council Boss, as gunmen kill Kogi Commissioner

NNPC and no FAAC remittance

In the letter to the AGF, the NNPC said the average landing cost for PMS for the month of March 2021 was N184 per litre. According to the GMD, NNPC, based on the landing cost “the price could have been anywhere between N211 and N234 to the litre, meaning that consumers are not paying the full value of the PMS that they consume, therefore, someone is paying that cost. It is against this backdrop that the NNPC is saying there will be no remittance for FAAC in the month of May.  If indeed this happens, it will have a ripple effect on the revenue accruing to the Federal and state governments, not just in the month of May, but in the coming months. This means that states will be unable to meet some of the statutory obligations such as payment of salaries and other emoluments to workers.

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