Sule and Oshiomhole advise Labour on realistic wage demands, urging focus on industrial policies. NLC calls for N615,000 living wage; Sule and Oshiomhole stress affordability. Tinubu hints at new “living wage”; ongoing improvements in revenue allocation noted. EKO HOT BLOG reports that in a recent television appearance, Nasarawa State Governor Abdullahi Sule and Senator Adams Oshiomhole … Read more
The National Bureau of Statistics, NBS, reported a 3.46% rise in electricity consumers in Q4 2023. Revenue collection by electricity distribution companies surged by 26.96% year-over-year to N294.95 billion in Q4 2023. Electricity supply increased by 14.64% compared to Q4 2022, reaching 6,432 GWh. Eko Hot Blog reports that The National Bureau of Statistics (NBS) … Read more
Governor Abdullahi Ganduje disclosed that the two states have made a case for 1 per cent in the new Revenue Allocation Formula EKO HOT BLOG reports that Kano and Lagos States have again demanded a special revenue allocation from the Federal Government of Nigeria. Governor Abdullahi Ganduje disclosed that the two states have made a … Read more
…he said it’s critical to reiterate that revenue allocation should be done constructively. EKO HOT BLOG reports that the federal government has suggested a portion of shared national income of 50.68 per cent, which is 2.03 per cent less than the current 52.68 per cent. On Monday, Boss Mustapha, the Secretary to the Government of … Read more
…states should get the lion’s share of allocation because they shouldered the highest degree responsibilities among the three- tiers of government. The Anambra State Governor, Willie Obiano, has proposed a revenue-sharing formula of 50, 30, and 20 percents for state, local and federal governments, respectively. The governor stated this on Wednesday while declaring open the … Read more
Economic Confidential, a publication of PRNigeria, on Sunday, released its Annual States Viability Index (ASVI). The report shows that 7 states, led by Katsina, are insolvent as their Internally Generated Revenue (IGR) in 2019 were below 10 percent of their total federal allocation in the same year. IGR is generated through Pay-As-You-Earn Tax (PAYE), direct … Read more