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...
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FIFTH MAN DIES OVER NIGERIA-SOUTH AFRICA AFCON MATCH. (PHOTO).

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 Fifth man dies over Nigeria-South Africa AFCON match


A 43-year-old man, Mikail Osundiji, has passed away while watching the semi-final  AFCON match between Nigeria and South Africa.

Osundiji is the latest Nigerian to have died while watching the AFCON semis.

The Nation reported yesterday that a former Executive Director of the Niger Delta Development Commission (NDDC), Cairo Ojougboh, and a National Youth Service Corps member also died while watching the AFCON semis.

Osundiji reportedly passed away on Wednesday night in Abeokuta, Ogun State, while watching the game at a public football viewing place in the Olomoore neighborhood of the state capital.

According to Channels TV, the father of two reportedly died when the central referee cancelled Nigeria’s second goal against South Africa, by Victor Osimhen.

According to family, the deceased did not exhibit any symptom of illness before his passage.

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