Today's Headline:CJN Earns More Than VP, Sen. President_RMAFC;Tinubu’s Reforms Yielding Results_ANAN
CJN Earns More Than VP, Sen. President_ RMAFC
Photo Credit:The Nation papers
Nigeria (CJN) earns more than the Vice President and the Senate President, the Revenue Mobilisation Allocation and Fiscal Commission (RAMFAC) said yesterday.
The commission also stated that the Justices of the Supreme Court earn higher than Senators while the Chief Judges in the states earn higher than the state lawmakers.
RAMFAC Commissioner for Kano State Farouk Abubakar shed light on the remuneration of jurists at the Nigerian Bar Association (NBA) conference in Abuja.
The RAMFAC revelation contradicts the widely-held view that political office holders are better paid than justices and judges.
Abubakar hinted that judicial officers and political office holders are projected to benefit from the proposed 114 percent pay rise, being recommended by the commission.
At the conference, the association sought pay rise for CJN, Chief Judges, magistrates and other Judicial officers.
Tinubu’s Reforms Yielding Results_ANAN
Photo Credit:The Guardian Nigeria
The Association of National Accountants of Nigeria (ANAN) has hailed Federal Government’s moves to stem corruption and improve the public financial management (PFM) systems.
Speaking during the fourth session of its Mandatory Continuing Professional Development (MCPD), Edo 2023, with the theme, “Understanding financial disclosures on sustainability,” in Benin City, the President/Chairman of Council, Dr James Neminebor, submitted that the reforms have yielded successes to an extent.
While restating his association’s commitment to driving excellence in the financial sector, he stressed that no nation could develop beyond the competence of its public sector and technological capacity.
“It is imperative to note that the expertise of professional accountants in deploying competence in automated financial transactions is cogent in plugging leakages and enabling transparency.”
Photo Credit:Google
Subsidy Cut Windfall: Govt Saves N1.83tr in Two Months
Photo Credit:The Nation papers
The Federal Government has saved N1.83 trillion less than three months after it stopped the payment of subsidy on petrol, The Nation has learnt.
The savings were made from revenue that accrued into the federation account in June and July.
A source within the Federation Account Allocation Committee (FAAC) confirmed to our reporter that the amount was saved in the federation account “first as a fall back (augmentation) for a rainy day”.
The source said that N1, 051,946,000,000 was saved in from the N1.97 trillion revenue generated in June. Additional N779,890,000,000 was saved from the N1.746 trillion revenue raked in last month.
According to the source, the Minister of Finance and Coordinating Minister for the Economy (CME), Mr. Wale Edun, has briefed the heads of revenue generating agencies on what the government plans to do with the savings.
The CME said the Bola Ahmed Tinubu administration a plans to save money to execute projects without relying on borrowing.
Algeria proposes six-month transition for Niger Republic
Photo Credit:The Nation papers
Algeria’s Foreign Minister Ahmed Attaf yesterday proposed a six-month transitional plan for its Niger Republic neighbour.
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Military leaders in Nigeria are seeking three years to return the country to democracy.
The minister gave his suggested framework after a tour last week to three of Niger’s neighbouring countries in the West African bloc ECOWAS (Economic Community of West African States), which has threatened to deploy military force if Niger’s new military regime fails to restore democracy.
Attaf reiterated Algeria’s rejection of military intervention in Niger and said Algiers would not allow its airspace to be used to that end.
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