Stabilisation account:Reps probe misuse of N114 billion
The House of Representatives yesterday instituted an investigation into the alleged indiscriminate withdrawal of funds from the stabilisation account by the Federal government. view full text
March 2012
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DERIVATION: Fiscal federalism to the rescue?
THE derivation principle or formula from natural resources was accordingly rejected in several parts of the federation in preference for a return to fiscal federalism principle under which federating states (or regions under the 1963 constitution) owned, controlled and developed the natural resources which were located on their land. View full text
Northern leaders revenue formula campaign provocative – Ijaw group
The Ijaw National Congress on Sunday described as “provocative”, the ongoing northern leaders’ agitation for the revenue accruing to some states in Niger Delta to be reviewed and equitably distributed among states. View full text
Minister Orders Contarctors of SURE Road Projects to site
WORKS Minister, Mr. Mike Onolememen, has directed contractors handling all federal road projects, especially those under the Subsidy Reinvestment and Empowerment (SURE) programme to mobilise to the site to ensure their quick completion. view full text
South-South govs reject call for revenue formula review
South-South governors have faulted claims by their northern counterparts that the North is being cheated by other parts of the country in the revenue sharing formula. view full text
Killing Of Anti-Subsidy Protester: Lagos NBA Goes to Court
The Lagos State government and the Nigeria Bar Association (NBA) had jointly sued the Inspector General of Police (IGP), Attorney General of the Federation (AGF), and the former Divisional Police Officer (DPO) of the Pen Cinema Police Station, Agege, over the killing of Mr. Ademola Samuel Abe during the anti fuel subsidy removal protest in […]
Youths demand revocation of oil block licences
The youth under the umbrella of the Urhobo Youth Assembly, flayed the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation for “indiscriminately allocating licences to their lackeys.” view full text
Jonathan Unlikely to Risk Oil Graft Crackdown
President Goodluck Jonathan is coming under pressure to prosecute top officials implicated in a $6.8 billion fuel subsidy fraud, but many of the suspects are allies he is unlikely to go after if he wants to keep his power base intact. It has been three weeks since parliament produced a report detailing massive corruption in […]
PPPRA Issued Licenses to 42 Oil Marketers
The Petroleum Products Pricing Regulatory Agency (PPPRA) had issued licenses to 42 oil marketers to import a total of 4.8 billion litres of fuel in the second quarters of the year 2012 .This will be the first fuel importation into the country this year after the partial subsidy removal that now pegged the pump price […]
Niger Delta: MEND’s Violence on the Rise
Image: courtesy of The Nation On January 28th, the hard-won peace of the Niger Delta that was made possible after the federal government had spent billions of naira in an amnesty deal with militants was shattered when gunmen attacked the home of Minister of Niger Delta, Godsday Orurebe and blew up parts of the minister’s […]
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