Recurrent
NRC generates N1.4 billion IGR, remits N245 million to TSA in 2020
The Nigerian Railway Corporation (NRC) on Friday said its Internally Generated Revenue (IGR) as at Sept. 30 stood at N1.4billion as against N4.4billion projection for 2020. Mr Fidets Okhiria, Managing Director of NRC, in a statement said the sum of N245million was remitted to the TSA as at Oct.31. Okhiria said this at the 2021 Budget Defence to the Joint Committee of Land and Marine transport at the National Assembly in Abuja. He said that the Coronavirus (Covid-19) pandemic affected its operations as train services were stopped during its peak, thus affecting the IGR projection for the year. “The Joint Committee should also note that for the year 2020, the Corporation presented a separate Internally Generated Revenue & Expenditure Budget. “The sum of N1.4billion has been generated as ...
Delta governor presents N378.1 billion 2021 budget to state assembly
Delta State Governor, Ifeanyi Okowa, Tuesday, presented a proposed budget of N378, 184,397,889 for 2021 fiscal year to the State House of Assembly. The budget is made up of N170, 370,000 for recurrent expenditures and N207.5 billion for capital expenditures. Okowa in the more than 50 minutes presentation of the Appreciation Bill at the Hallowed Chamber of the House, said the budget christened “Budget of Recovery” would be funded from four sources. The sources according to the Governor, include Internally Generated Revenue, N65.6 billion, Statutory Allocation including Mineral Revenue Derivation and Excess Crude, N219.9 billion, Value added tax, N17.5 billion and Other Capital Receipts, N17.3 billion. Explaining that the 2021 budget estimates was N96.1 billion increase over the revised budg...
36 states sue federal government, demand funding of state courts
The 36 states governors, through their respective Attorneys General and Commissioners for Justice, have dragged the Minister of Justice and Attorney General of the Federation, AGF, Mr Abubakar Malami, SAN, before the Supreme Court over the failure of the Federal Government to fund the courts in the country with recurrent expenditure since May 5, 2009. It will be recalled that President Muhammadu Buhari, had in May 2020, signed Executive Order 10, which gave financial autonomy to the legislature and judiciary at the state level. The state governors argued that the Federal Government should also fund state courts if the president must make such order. The plaintiffs in the suit against the AGF, through their counsel, Mr Augustine Alegeh, SAN, are contending that the respondent refused to fun...
