• Contact Us
  • About Us
Thursday, September 11, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

FG Borrowings: Reps To Probe Probable Exclusion Of Rivers From Benefitting States  

metro by metro
September 22, 2021
in News
0
0
SHARES
0
VIEWS
Nyesom Wike
Nyesom Wike

The House of Representatives on Wednesday indicated its willingness to investigate the probable exclusion of Rivers State from the list of states to benefit from the Federal Government’s borrowings.

The lower chamber is to probe the possible omission of the oil-rich state as a beneficiary of states earmarked for projects.

Read Also

Naira Strengthens To N1506/$, Best Level Since March

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

This is sequel to a motion of urgent public importance by Representative Solomon Bob alleging that Rivers is the only state out of the 36 states to be left out.

The lawmaker further alleged discrimination against Rivers State which contributes enormously to the federation account.

The House has mandated its Committee on Aids and Loans to liaise with the presidency to include Rivers State in the loans if it is found to be the only state that has been excluded.

The Reps’ move is coming two days after Rivers State Governor, Nyesom Wike described as an act of discrimination, the alleged refusal of the Federal Government to include Rivers as one of the states that would benefit from projects, for which it was seeking fresh foreign loans to execute.

“Look at the money that Federal Government has gone to borrow from the World Bank, of all the projects in all the states, the Federal Government did not include Rivers State,” the governor said.

He explained that beyond the provision of infrastructure, his administration was seeking a law that would provide comfortable accommodation for judicial officers on retirement.

The reason, he said, was to ensure that while in service, the judicial officers can concentrate on their jobs without cutting corners and avoid corrupt practices.

He observed that there are attempts to frustrate federating states like Rivers, to actualise the constitutional provisions that empower them to harness their resources and revenues, particularly VAT.

According to Governor Wike, what the Federal Inland Revenue Service (FIRS) was doing was illegal and could be likened to robbing from the states.

Previous Post

IOCs’ Preference For Oil Deposits Limiting Exploration Activities,As Uncoordinated Policies Increase Cooking Gas Prices

Next Post

Nestlé launches RE Pilot Project empower informal waste reclaimers

Related Posts

Naira
News

Naira Strengthens To N1506/$, Best Level Since March

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills
News

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

September 8, 2025
NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues
News

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

September 6, 2025
DC Attorney General Sues Trump For National Guard Deployment
News

DC Attorney General Sues Trump For National Guard Deployment

September 4, 2025
Next Post

Nestlé launches RE Pilot Project empower informal waste reclaimers

Yango Group launches Yango Motors in Côte d’Ivoire, debuting at Abidjan Auto Show 2025 

September 11, 2025

Africa Fintech Summit Accra 2025 Announces Strategic Partnership with the Ministry of Communication, Digital Technology and Innovations of the Republic of Ghana

September 11, 2025

Empowering Africa’s Digital Future: Yango Leaders To Join Market Expansion, Policy and Innovation Dialogues at Tech Safari Summit 2025

September 11, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version