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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PRESIDENT TINUBU CONGRATULATES ALHAJI ALIKO DANGOTE ON BIRTHDAY. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU CONGRATULATES ALHAJI ALIKO DANGOTE ON BIRTHDAY

 


President Bola Tinubu extends his warm congratulations to Alhaji Aliko Dangote, the Chairman of the Dangote Group, on the occasion of his birthday, today, April 10, 2024. 

 

The President joins the family and friends of Alhaji Dangote to celebrate the founder of the largest industrial conglomerate in West Africa and one of Africa's business lodestars.

 

Referencing the many industrial feats of the business colossus, President Tinubu extols Alhaji Dangote's famed dauntless and inventive spirit, as well as his facility for excellence in any venture.

 

The President commends the Chairman of the Dangote Group for his interventions and support for Nigeria's young entrepreneurs, describing him as one of the industrialists who have kept the country on the global map as a haven for enterprise.

 

As Alhaji Dangote marks this birthday, the President wishes him many more prosperous years in his storied endeavours in Nigeria, Africa, and the world.

 

Chief Ajuri Ngelale 

Special Adviser to the President

(Media & Publicity)

April 10, 2024

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