STATES FACE ALLOCATION CUTS AS AGENCY DEMANDS N100BN MONTHLY. (PHOTO).

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 States face allocation cuts as agency demands N100bn monthly  The monthly statutory allocations to state governments from the federation account may decline in the coming months following an official request by the Nigeria Sovereign Investment Authority to boost the nation’s residual funds with the support of N100bn monthly. The request, which was presented by the Managing Director and Chief Executive Officer of NSIA, Aminu Umar-Sadiq, is aimed at unlocking large-scale investments to drive Nigeria’s economic growth. He made the request at the March revenue-sharing meeting of the Federation Account Allocation Committee held between April 14 and 15, 2025. Our correspondent obtained a copy of his presentation during the meeting on Friday. Umar-Sadiq appealed to the committee, which includes state commissioners of finance, to consider and approve the request, with funding proposed to commence from the March FAAC allocation. The presentation was titled, “Activating Residual Fundin...

LAGOS SPORTS COMMISSION TO HOLD CANDLE LIGHT PROCESSION FOR DEJI TINUBU TODAY SUNDAY+HIS FUNERAL PROGRAMME.

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        The Lagos State Sports Commission and the entire Lagos sports family will on Sunday hold a candle light procession for the late Deji Tinubu at the Molade Okoya-Thomas Indoor Sports Hall of the Teslim Balogun, Surulere.
The late Tinubu, who died suddenly on Thursday after slumping during a novelty football match, was a pioneer chairman of the Sports Commission and Special Adviser on Sports to Governor Akinwunmi Ambode. He was redeployed by Governor as Special Adviser on Commerce, Industry and Cooperatives, the post he held until his death.

The candle light procession is being held in honour of the deceased whose tenure as the Executive Chairman of the Commission saw good development in Lagos sports.
The procession will be led by the Executive Chairman of the Sports Commission, Dr Kweku Tandoh. Also to attend the event scheduled for 6pm on Sunday are the Director General of the Sports Commission, Mr Babatunde Bank-Anthony, top management staff of the commission, all other members of staff, friends and well wishers.Attendees at the candle light procession are enjoined to wear black/dark outfit.

Deji Tinubu - Funeral Programme
Service of Songs @ RCCG, City of David, Victoria Island, Lagos - Monday , 29th January 2018 @ 5.00pm
Lying-in-State - RCCG, City of David , Victoria Island, Lagos - Tuesday, 30th January 2018 at 9.30am
Funeral Service - RCCG,City of David, Victoria Island, Lagos - Tuesday, 30th January 2018 at 10.00am.Interment follows immediately after at Vaults & Gardens, Ikoyi, Lagos.
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