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THREAD: Friends, ahead of @EiENigeria and partners debate with Osun Guber candidates, let's have a quick review of Osun State Finances.

You will notice that Osun State receipts from FAAC has dwindled. From a Net FAAC Allocation of N46bn in 2013 to N10.4bn in 2017. #OsunDecides
Oil prices started falling in 2014, a big challenge for Osun State has been its accumulation of debt not linked to growth in internal revenues. Total Debt Stock moved from N51bn in 2013 to N167bn as at 2017. #OsunDecides
The big challenge for Osun State is the direct DEDUCTIONS by CBN before it earns FAAC allocation.

According to BudgIT Research, Osun gross allocation between 2015 and 2017 is meant to N109bn. However, N73bn was deducted leaving the state to receive on N36.5bn. #OsunDecides
Read 10 tweets
Extracts from the 2018 State of States Reports!


This is how your state generated its IGR in 2017! Its Obvious Lagos State is the Elephant in the room.

This is what your state is owing when it comes to DOMESTIC DEBT. Well, Its obvious Lagos state is also taking the LEAD.

This is the details of what your state makes from your VALUE ADDED TAX. Nassarawa State has the lowest.

Read 8 tweets
On 17/10/16, the National Code of Corporate Governance Codes for Private and Not-for-Profit Orgs was issued by the FRC. 11 days later, it was suspended. In Jan 2018, a 15 man technical committee was inaugurated with a mandate to review and re-issue the code. #FRCGovernanceCode
The committee headed by the former DG of PenCom Muhammad Ahmad and comprising of many sectoral regulators (like CBN, NIS, SEC, PENCOM, CAC etc) conducted extensive reviews and consultations with a wide group of stakeholders in line with its mandate. #FRCGovernanceCode
Today, the FRC has finally released for public review the exposure draft of the Nigerian Code of Corporate Governance 2018. This will be followed up by series of public hearings in different geopolitical zones to further enlighten people #FRCGovernanceCode…
Read 13 tweets

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