FAAC deadlock will continue unless ―Governors



Posted by Admin

The governors of the 36 states of the federation have vowed that the deadlock in the Federation Account Allocation Committee (FAAC) will continue unless the Nigerian National Petroleum Cooperation (NNPC) remits what is due to the account.

The governors under the Nigeria Governors’ Forum (NGF) met in Abuja on Wednesday night to deliberate on the issue of FAAC, the minimum wage being contemplated by government among other issues.

The meeting presided over by its chairman and governor of Zamfara state, Abdulaziz Yari, resolved that until the NNPC remits what is due to the federation account, the deadlock cannot be resolved.

The NNPC had remitted N147 billion into the Federation Account in May, but the governors were not satisfied with it and had insisted that the correct amount is paid.

According to them, the money from the NNPC must reflect the current economic realities and prices of oil in the international market.
Briefing journalists early on Thursday, Yari said, the governors will not accept the figures form the NNPC.

He said: “There is a disagreement between the figures presented. I have been in the saddle for seven years and I have been attending NEC for past four months and if I see discrepancies I should be able to tell.”

According to Yari, the agreement NNPC claims to have with state governors to remit a maximum of ₦112 billion per month was done when oil price was $48 barrel per day but now the price $78.

He added: “NNPC said it paid N88 billion for subsidy and in the month of June it said it paid N31 billion, but it claimed N57 billion is for payment of subsidy in 2017, that is not acceptable and we won’t give the approval. You can’t just keep your hand into the public purse and take the money, you have to seek approval from the NEC or Mr President.
“And NNPC said they have N15 billion for miscellaneous, N9 billion for pipeline maintenance, N3 billion for crude loss, all those things are not approved by anyone.

“NNPC is owned by the federal, states and local government. The states get 48 per cent while the local government and federal government get 52 per cent. We have to agree whatever we get the federal government is getting 52 per cent. We are saying this money should be brought to the public for sharing.”

The governors also met with the Minister of Labour and Employment, Chris Ngige, to discuss the issue of the minimum wage.

The issue has been referred to a committee of the governors.

Comments

Post a Comment

Popular posts from this blog

Education Remains a Top Priority of Our Policy Thrust: Gov. Fubara

Image
The Rivers State Government says it will continue to place education as one of the top most priorities of its policy thrust. Governor Sir Siminalayi Fubara stated this during the 34th Convocation Ceremony of the University of Port Harcourt on Saturday 24th February, 2024. The Governor who spoke through his Deputy, Professor Ngozi Nma Odu, said although the University of Port Harcourt is a Federal University the State Government would continue to support and collaborate with it to place it in a path that  would be the envy of other institutions. “We shall support you because whenever we add value to this institution, you add double value to whatever we have placed before you and we shall continue to ensure that you are given a place of high distinction and excellence”, the Governor stressed. Governor Fubara disclosed that his administration was desirous to create the enabling environment to ensure Rivers State remains a preferred destination to achieve quality education in the count...
Read more

Governor Mutfwang Crowns New Ngolong Ngas, HRH Nde Jika Golit

Image
The Executive Governor of Plateau State, Barr. Caleb Manasseh Mutfwang, has performed the coronation of the New Ngolong Ngas, Nde Jika Golit. The ceremony is coming nine years after the demise of the late Ngolong Ngas, Nde Joshua Dimlong. Governor Mutfwang, who performed the presentation of staff of office and certificate to the New Ngolong Ngas at the Pankshin Township Stadium, praised the Ngas Nation for a rancor-free selection process of the new Ngolong Ngas. He warned mischief makers against needless court actions that are capable of delaying or frustrating the selection and installation of traditional rulers in the state. He also implored citizens to alway accept the will of God in all circumstances. "I congratulate the Ngolong Ngas, Nde Jika Golit, on his ascension to the throne of his ancestors. His selection by the kingmakers, through a peaceful and rancor-free atmosphere, is worthy of emulation by other ethnic groups in the state." the Governor stated. "Let me s...
Read more

COMMUNIQUE ISSUED BY THE PDP GOVERNORS’ FORUM AT THE END OF AN ENLARGED MEETING ON TUESDAY, OCTOBER 22, 2024

Image
The PDP Governors’ Forum under the leadership of H.E. Governor Bala A. Mohammed, CON, held an enlarged meeting at the Bauchi State Governors’ Lodge, Tatari Ali House, Asokoro on Tuesday, October 22, 2024. Rising from the consultative meeting of the various organs of the Peoples Democratic Party, PDP, the Party resolved as follows: 1. The National Executive Committee, NEC, meeting originally slated for October 24, 2024, has been rescheduled to November 28, 2024. 2. The postponement is to ensure that the party goes into the forthcoming Ondo gubernatorial elections of November 16, 2024 with the unity and strength demanded to unseat the floundering All Progressive Congress, APC government in the state. 3. Reiterating the need for unity in the face of efforts by detractors to divide the party, the meeting called on all members to shun divisive utterances that could undermine ongoing efforts at strengthening the party to effectively play its role as the country’s main opposition, preparatory...
Read more