FMS finance ministers reach agreement with FGS

bidenkulaha

bidenkulaha

GalYare
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bidenkulaha

bidenkulaha

GalYare
Rumoured 3.5 million for 4 states plus 6 million for PL. 20 million to the FMS, 80 million to the FGS (which will partly part of debts)
 
bidenkulaha

bidenkulaha

GalYare
Other things to leak out of the NCC meeting today is FGS is also planning to reach agreement over the extensions.

The plan is to have FGS and FMS elections the same year. And also the same length of time.

HSM spoke to QQ about the extension and QQ said parliament is pushing for this and he has nothing to do with it lol.

I don’t know how this will work. Does it mean LG, Madoobe, QQ, Guudlawe and HSM will have their elections in 2027?
 
Grimmer

Grimmer

Reer guri
bidenkulaha said:
Other things to leak out of the NCC meeting today is FGS is also planning to reach agreement over the extensions.

The plan is to have FGS and FMS elections the same year. And also the same length of time.

HSM spoke to QQ about the extension and QQ said parliament is pushing for this and he has nothing to do with it lol.

I don’t know how this will work. Does it mean LG, Madoobe, QQ, Guudlawe and HSM will have their elections in 2027?
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In my opinion that’s the best idea, we know Madoobe is never leaving so we might as well give the rest of the states the same opportunity.
 
bidenkulaha

bidenkulaha

GalYare
repo said:
What happened to all the huffing and puffing? What happened to equality?

Cracking Up Lol GIF by MOODMAN
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Mate the FGS getting more of the pie is what I wanted. Couldn't care less if PL got 2 million and GM etc got none given FGS fund GM's police, soldiers, education, healthcare etc.

The budgetary support went from 55 million with PL getting 17% of it to now 6% from 100 million, with most of the money being spent on FGS and IMF. Hopefully we can meet the 2024 debt relief too with this agreement
 
warside

warside

I was wrong, this was not budgetary support from IMF, but a new grant from World Bank’s International Development Association (IDA),which helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, nobody knows the full agreement but most of the rumors are saying 4 of FMS got 3 to 4 million and PL got 6 to 8 million and FGS got around 30 million while the rest is for debt payments.
it's good that they reached an agreement because in the report it stated that the money will
support the government’s efforts to improve fiscal transparency and increase revenues through the harmonization of customs regimes across the federation and improving the governance of intergovernmental fiscal transfers. It will help create the building blocks for strengthening intergovernmental fiscal cooperation to enhance the ongoing state stabilization agenda critical for stimulating inclusive economic growth by fostering trust and enhancing financial transparency between the federal government and member states.
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Also it's very promising that they allocated 50% of it to Education and Health projects.
 
N

NinWero

Excellent outcome, someone I know was telling me that the FGS played hardball and pretty much forced FMS to start looking at their own revenues.

THE FGS will have more income now for things like Security, Education and Health
 
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