Abia State

State Government Releases Abia’s Statutory Earnings From Federal Allocation.

State Government Releases Abia’s Statutory Earnings From Federal Allocation.

Records from the Office of the Accountant-General of the Federation - https://oagf.gov.ng/publications/faac-report/ JANUARY 2025 (Naira)FAAC - 11.2 BillionJAAC - 6.8 BillionTOTAL = 18 Billion FEBRUARY 2025 (Naira)FAAC - 13.7 BillionJAAC - 8.3 BillionTOTAL = 22 Billion MARCH 2025 (Naira)FAAC - 13.4 BillionJAAC - 7.7 BillionTOTAL = 21.1 Billion APRIL 2025 (Naira)FAAC - 13.0 BillionJAAC - 7.3 BillionTOTAL = 20.3 Billion MAY 2025 (Naira)FAAC - 13.9 BillionJAAC - 7.6 BillionTOTAL = 21.5 Billion JUNE 2025 (Naira)FAAC - 13.8 BillionJAAC - 7.9 BillionTOTAL = 21.7 Billion As a further breakdown to educate a former Commissioner for Finance who doesn't know how Federal…
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“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

“Dangote Is An Institution, How We Treat Him Will Determine How Outsiders Will Judge Us” — VP Shettima Warns PENGASSAN

Vice President Kashim Shettima has called on Nigerians to respect and protect the multibillion-dollar investment of Africa’s richest man, Aliko Dangote, describing it as essential to the nation’s economic stability and growth. He emphasized that the 650,000-barrel-per-day Dangote Refinery represents a national asset critical to Nigeria’s industrial expansion and global competitiveness. His remarks came amid the recent industrial action by oil workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) over the alleged dismissal of about 800 unionized employees. The strike was later suspended after the intervention of Labour Minister Muhammad Dingyadi and National Security Adviser…
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To The No Six Without No Six: Ben Kalu And His Claim Of N38 Billion Father Christmas Gift

To The No Six Without No Six: Ben Kalu And His Claim Of N38 Billion Father Christmas Gift

The highest statutory allocation your State has gotten from FAAC and JAAC is N17 billion and N9 billion respectively, totalling N26 billion as the statutory allocation shared by a committee called the Federation Account Allocation Committee (FAAC) and not a gift from a benevolent Father Christmas. The N26 billion figure is the highest in the last 28 months. It has been hovering between N18 and N21 billion, and the records are with the Accountant-General of the Federation's Office with their portal open to public access. If the No. 6 wants to take over the State which is within his democratic…
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When Aides Become An Embarrassment To Governance: The Case Of Abia’s Financial Illiteracy

When Aides Become An Embarrassment To Governance: The Case Of Abia’s Financial Illiteracy

By Obinna Oriaku The Deputy Speaker was absolutely right when he stated that Abia State receives about ₦38 billion monthly, according to the state’s own Quarter 2, 2025 Budget Performance Report. The report, published by the Abia State Government, provides undeniable evidence that exposes the ignorance of certain government aides who struggle to grasp even the most basic principles of public finance. The confusion stems from a fundamental lack of understanding between FAAC receipts and total revenue. The Federation Account Allocation Committee (FAAC) disbursement represents only funds shared from the federation account. However, total revenue goes beyond FAAC, it includes…
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Governance In Abia: Benjamin Kalu Needs Tutorial More Than He Needs a Microphone – Ekeoma

Governance In Abia: Benjamin Kalu Needs Tutorial More Than He Needs a Microphone – Ekeoma

Press Release The attention of Abia State government has been drawn to a trending video that contained a statement made by the House of Representatives Member for Bende Federal Constituency and Deputy Speaker, Rt. Hon Benjamin Kalu wherein he made some spurious allegations over the performance of the Alex Otti government and further made infantile comparison between the Governor and his two immediate predecessors. It's important to lay a foundation premised on empirical data which would serve as a potent tool in curing Kalu's deep-rooted deficiency of knowledge in financial and economic matters.Abia's 2025 Year to date FAAC allocation (8…
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