GOVERNORS NOT SATISFIED WITH N162m MONTHLY DEDUCTION FOR FG LOAN

Ahmed briefed State House correspondents after the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo on Tuesday at the Presidential Villa, Abuja.

She said that the ministry reported to NEC on the status of the National Budget Support Loan Facility to States.

The finance minister said the stakeholders would meet again with a view to further reviewing the repayment conditions.

“The budget support facility was initially for a repayment period of 20 years; when we made the first deduction in September, the states had complained that the amount deducted from states which were N252 million was too high.

“Since then the Central Bank of Nigeria(CBN), which is the lender had revised the conditions to make the payment longer; so the new repayment period is 30 years; so this means that states will be paying monthly, N162 million.

“But again today, the states still were not satisfied with the conditions.

“So, we are expecting that the Federal Ministry of Finance, Budget and National Planning will engage the governors again with a view to having the CBN further revised the conditions to reduce the monthly repayment burden.’’

On the threat by the Academic Staff Union of Universities (ASUU) to embark on strike over the presidential directive on migration to Integrated Payroll and Personnel System (IPPIS), she said that the directive was binding on all Federal Government’s staff.

According to her, the president of the Federal Republic of Nigeria directed that every staff of government’s agencies must be on IPPIS.

She said that her job was to comply with the president’s directive.

“So, that is what I do and we are going to do that; so, it is a pity if ASUU carries out this strike because what ASUU is saying now is that they should be treated differently from other staff of the government of Nigeria who is also on IPPIS.

“We will be engaging ASUU; we will be discussing with them; but at the end of the day, as far as I am concerned, my instruction is from the president,’’

Ahmed said that the ministry presented to NEC, the balances of the three special accounts as at Oct. 22.

She said that for the Excess Crude Account, the balance was 324.35 million dollars, for the Stabilisation Fund Account, the balance as at Oct. 22 was N28. 5 billion while that of the Natural Resource Development Fund was N70.6 billion

Vanguard

Comments

Richest Pastors In Africa And Their Net Worth In 2019

Popular pastors are increasingly becoming Richest Pastors in Africa making headlines with open flamboyance and unreserved suaveness being an integral part of them.Many ask who might be the Richest Pastors in Africa today so a list of wealthiest African pastors, known for ranking on top and with a huge attendance in each service. These are servants of God, with a mission to spread the gospel of Christ through ministry. But in doing so some have emerged with rich investments and living a luxurious life. Below is a list of top 10 richest pastors in Africa! 1. Bishop David Oyedepo – $150 million Bishop David Oyedepo He is Africa’s number one richest pastor. Founder of Living Faith World Outreach Ministry. This Ministry started in 1981 and has become the largest church on the continent 2. Pastor E.A Adeboye – $130 million Pastor E.A Adeboye He is one of the Nigerian Pastors with private jet, he is second among the richest pastors in Nigeria. His net worth reaches astonishing 130 millio...

Actress Chizzy Alichi Gets Married Traditionally In Enugu (Photos)

IMAGE CELEBRITIES Actress Chizzy Alichi Gets Married Traditionally In Enugu (Photos) By Adebiyi Chioma On Dec 9, 2019 Share Facebook Twitter WhatsApp BlackBerry Google+ Pinterest ReddIt Email Linkedin Tumblr StumbleUpon Seasoned Nollywood actress, Chizzy Alichi and her hearthrob, Chike Ugochukwu married traditionally on Saturday December 7,2019. The actress who got engaged to her fiancee in September 2019, had her traditional marriage at her hometown in Enugu State and her colleagues turned up in their numbers to support her. Celebrities, such as, Judy Austin, Eve Esin, Iheoma Nancy, Patience Ozokwor and many others were spotted at the grand ceremony. Check-Out photos from the traditional wedding below: READ ALSO Why My Marriage To Star Actress, Foluke Daramola Can Never Crash –… READ ALSO: Similar Topics Photos: Married woman caught pant down with ex-lover, faces jungle justice in Enugu Actress Kate Henshaw glows in stunning new photos Your ...

WOMAN DISCOVERED HER DEATH EX-BOYFRIEND WAS WORKING IN A RESTAURANT SHE VISITED

A woman was stunned when she discovered that her ex-boyfriend who she was told had died was working in a restaurant she visited. The girlfriend, called Rachel, and boyfriend, who won't be named for legal reasons, were 18 and 21 respectively when they started dating. A few months into their relationship, he returned home from a night out with a broken hand which prevented him from working as a chef in a local pub. He asked Rachel to borrow him $1,000 AUD (£530/$680 USD) to make ends meet. Some time later, the pair split and she was given $300 (£159/$204 USD) back before her now ex-boyfriend went off the radar. The woman was told her ex-boyfriend had been murdered (stock image). Credit: PA Initially, she was told that he'd gone to rehab but then claimed that friends calculated that the boyfriend owed more than $2,300 (£1,200/$1,500 USD) to both his ex-girlfriend and friends. Rachel then received news from a mutual friend that her ex had died, according to MailOnline. She expla...

EXPRESS NEWS

Search This Blog