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...

PRESIDENT BUHARI SACKS NYSC DG 6 MONTHS AFTER APPOINTMENT. (PHOTO).


Buhari sacks NYSC DG 6 months after appointment



Less than six months after assuming office as the Director General of the National Youth Service Corps, NYSC, President Muhammadu Buhari has approved the immediate removal of Brigadier-General Muhammad Kukah Fadah, from office as the Scheme’s DG.

Although reasons have not been provided (at press time) by the presidency for the sacking of Gen. Fadah, credible sources in the Villa told PRNigeria that the NYSC boss’ removal is not unconnected with the fact that Fadah has exhibited ‘glaring incompetence’ in the 6 months he has piloted the affairs of NYSC.

Meanwhile, PRNigeria gathered that the ousted NYSC Director General has been asked to hand over to the most senior civil servant in the organisation, who is to act as DG in the interim. 

 

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