Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • Maritime Academy: Embracing Change, Striving For Global Excellence

      Oct 15, 2025
      0
    • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

      Oct 11, 2025
      0
    • Tinubu Pardons Macauley, Vatsa, Ogoni 9, Farouk Lawan, Others

      Oct 10, 2025
      0
    • "Abuja Critical To Growing Non-Oil Revenue"-Dantsoho

      Oct 10, 2025
      0
    • Lagos Govt Revolutionalizes Water Transportation With Omi Eko Launch

      Oct 9, 2025
      0
    • Customer Service Week: NIMASA Commits To Excellence in Service

      Oct 8, 2025
      0
    • IMO Secretary General Visits Nigeria, Dazed By Facilities

      Oct 2, 2025
      0
    • Nigeria's Blue Economy Minister Bemoans Maritime Financing Deficit

      Sep 27, 2025
      0
    • NIMASA Calls For Urgent Action To Reduce Maritime Funding Gaps

      Sep 27, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • Maritime Academy: Embracing Change, Striving For Global Excellence

  • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

  • Tinubu Pardons Macauley, Vatsa, Ogoni 9, Farouk Lawan, Others

  • “Abuja Critical To Growing Non-Oil Revenue”-Dantsoho

  • Lagos Govt Revolutionalizes Water Transportation With Omi Eko Launch

News
Home›News›Economic Recovery: FG Set to Release Funds to States

Economic Recovery: FG Set to Release Funds to States

By Editor
Mar 20, 2017
1355
0
Share:

 

Kemi Adeosun, Finance Minister, Federal Republic of Nigeria

Kemi Adeosun, Finance Minister, Federal Republic of Nigeria

As the Federal Government strives to ease the economic hardship across the country, there are indications that funds will be released to states any time from now to ease their pains

Finance minister, Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, would meet anytime soon over the modalities for the disbursement of the funds.

A government official who is privy to this development has disclosed that “We have received the President’s directive which was issued last week and we have already started working on the release of the funds but of course you know there are processes to be followed which is what we are doing now.

“The minister will have to meet with the CBN governor to discuss the modalities for the release of the funds to the respective states and that will be done anytime from now.

“It is after that meeting that a payment mandate will be issued for the monies to be credited to the respective accounts of the state.

“All these processes usually take between two and five working days depending on the circumstances. So by this week,  the states will start getting the money barring any last minute change in plans.”

It was gathered that the meeting between the governor and the finance minister was imperative in order to review the states that have met the criteria for the disbursement of the funds.

One of the criteria is that a minimum of about 50 per cent of the funds would be devoted to the payment of salaries and pension, in line with government’s plan to stimulate consumer demand.

It was also learnt that the funds would be credited to an auditable account from which payments to individual creditors would be made and that such payments would be made to Bank Verification Number-linked accounts that could be verifiable.

President Muhammadu Buhari had earlier directed that the amount be released by the finance minister to states to enable them  meet pressing financial obligations such as the payment of salaries and pension arrears.

He said the presidential order should be carried out “appropriately and with dispatch.”

Buhari, who had earlier released the first tranche of N388bn to the state governments in December 2016, said the latest release was meant to ease their financial hardship.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

Sea Time: NIMASA Secures More Placements

Next Article

NPA Gets New Spokesman as Ajayi Retires ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    Nigeria Is Africa’s largest economy —Minister

    May 11, 2022
    By Editor
  • Maritime InfoNews

    FOOD Availability: FG Boost BOA

    Mar 23, 2017
    By Editor
  • FeaturedMaritime InfoNews

    Piracy In Asia Worrisome-RECAAP Report

    Jan 16, 2020
    By Editor
  • News

    Navigation: Human Error Tools Created

    Apr 14, 2018
    By Editor
  • News

    North Korea Sanctions: Man Gets Bail

    Jan 6, 2018
    By Editor
  • Maritime InfoNews

    MSC Takes Responsibility for Zoe Incident

    Jan 6, 2019
    By Editor

Leave a Reply Cancel reply

  • News

    South Africa Targets $10b 400, 000 bpd Capacity Refinery

  • News

    200 Die in 718 Road Accidents

  • News

    MOWCA To Actualise Regional Maritime Funding

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

Maritime Academy: Embracing Change, Striving For Global Excellence

As Additional Simulators, Foreign Lecturers, Master Mariners Boost Academy Training Capabilities Within a ten months period the at the helm of affairs as Acting Rector of the Maritime Academy of ...
  • RENEWABLE ENERGY: Nigeria Exports Solar Panels Abroad

    By Editor
    Oct 11, 2025
  • NSW PROJECT: Customs Calls For Collaboration

    By Editor
    Oct 10, 2025
  • Tinubu Pardons Macauley, Vatsa, Ogoni 9, Farouk Lawan, Others

    By Editor
    Oct 10, 2025
  • “Abuja Critical To Growing Non-Oil Revenue”-Dantsoho

    By Editor
    Oct 10, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved