• About
  • Advertise
  • Careers
  • Contact
Saturday, July 5, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Buhari Approves Fresh Budget Support For States

by ReportersAtLarge
November 23, 2017
in Featured, News
Reading Time: 2 mins read
0
President Muhammadu Buhari

President Muhammadu Buhari

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

PRESIDENT Muhammadu Buhari has approved another budget support loan facility for states in the country.

Minister of Budget and National Planning, Udoma Udoma, revealed this while briefing State House correspondents on the outcome of the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo on Thursday.

He said news of the approval of the facility was conveyed to the council by the Accountant General of the Federation, saying that each of the states will receive N800million.

ADVERTISEMENT

He said the Central Bank of Nigeria (CBN) has already been directed to pay the money.

It is the latest in the series of budget loan facility extended to the states by the federal government.

RelatedPosts

PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

Court Affirms Senate’s Right To Suspend Natasha

The minister said: “The Accountant General reported to Council that approval has been received and CBN has been directed to pay N800 million to each of the 35 States of the Federation.

“Governors expressed appreciation to the Federal Government for the restoration of the Budget Support Loan Facility for July and August 2017.”

Udoma also said that the Excess Crude Account (ECA) as at November 17, 2017, stands at $2,309,693,583.35 while the Stabilization Fund balance as at November 17, 2017 stood at N6,689,072,836.11

Similarly, he said that Natural Resources Development Fund Account balance as at November 17, 2017 stood at N100,314,169, 190.23.

Also speaking, Governor of Ondo state, Rotimi Akeredolu, gave the Interim Report on the Forensic Audit of revenue generating agencies into the Federation Account, Excess Crude Account and Consolidated Revenue Fund.
The audit covered the period from 2010 May 2015.

He said Council was informed that there were possible under remittances from certain Revenue Generating Agencies to the Federation Account among others.

He added that Council was also informed of questionable loans granted by some of the Revenue Generating Agencies.

According to the governor, out of the 18 Agencies in which forensic audit was conducted the Committee completed work on 13 Agencies, two ongoing and three are not revenue generating.

He revealed that Council directed the Committee to conclude its report under four weeks and report back to Council at the next meeting.

Tags: apcBudgetBuhariNigeria
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Chairman CEO of McDons Skye Hotel Dr Modestus Chigo Akweke
News

PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

by ReportersAtLarge
July 5, 2025
0

"The participation of the PEAC/PFIPC at FHS Africa was a true reflection of the council's focus on attracting and facilitating...

Read moreDetails
Climate Change in Nigeria
News

Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

by ReportersAtLarge
July 4, 2025
0

Stakeholders at the Inception and Discovery Meeting for Climate Equity Project in Nigeria have underscored the amplification of personal experiences...

Read moreDetails
Natasha Akpoti
News

Court Affirms Senate’s Right To Suspend Natasha

by ReportersAtLarge
July 4, 2025
0

The Federal High Court in Abuja on Friday found the senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, guilty of...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Betty Brussel 99-Year-Old Swimmer broke three world records in 100-plus age group

Betty Brussel: 99-Year-Old Canadian Swimmer Breaks Three World Records In One Day

1 year ago
Suspended Orile Ifo Monarch Remanded Over Assault

Court Remands Ogun Monarch In Prison Over Assault

5 months ago

Popular News

  • Olubadan of Ibadan Oba Owolabi Olakulehin

    Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation

    0 shares
    Share 0 Tweet 0
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

    0 shares
    Share 0 Tweet 0
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025

    0 shares
    Share 0 Tweet 0
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

    0 shares
    Share 0 Tweet 0
  • Court Affirms Senate’s Right To Suspend Natasha

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation July 5, 2025
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke July 5, 2025
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025 July 4, 2025
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts July 4, 2025
  • Court Affirms Senate’s Right To Suspend Natasha July 4, 2025
November 2017
SMTWTFS
 1234
567891011
12131415161718
19202122232425
2627282930 
« Oct   Dec »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights