www.peoplesdaily-online.com
Vol. 9 No. 16
Monday, September 3, 2012
. . . putting the people first
27 Nigerians deported from Spain for armed robbery, drug trafficking >> PAGE 3
Funding structure delaying power projects – NSE >> PAGE 2
Shawwal 16, 1433 AH
N150
Unilorin VC: Applicant sues NUC, Jonathan >> PAGE 3
States, local govts gulp N988 billion . . . In second quarter
States’ Receipts N224.46 bn - April N206.50 bn - May N204.36 bn - June Total = N 635.32 bn
LG Receipts N123.95 bn April N114.31 bn May N114.78 bn June Total = N 353.04 bn
By Aminu Imam & Abdulwahab Isa
A
Central Bank of Nigeria (CBN) economic report for the second quarter of 2012 shows that the sum of N988.36 billion was allocated to the 36 state governments and the 774 local government councils in April, May and June 2012, respectively as statutory allocations, VAT receipts and 13% derivation. The report, obtained from the apex bank’s website, shows that total allocation to state governments (including the Federation Account, 13.0% Derivation Fund and share of VAT receipts) stood at N635.32 billion during the reviewed quarter, representing a decline of 10.0 per cent below the level in the preceding quarter, but exceeding the level in the corresponding quarter of 2011 by 33.6 per cent. Also, statutory allocations to the 774 local government Contd on Page 2
PD INDEX
30h Aug, 2012
CBN RATES $ £ EURO CFA RIYAL
BUYING 154.8 245 194.9 0.277 41
SELLING 155.8 246.8 196 0.297 41.5
PARALLEL RATES EURO £ RIYAL $
BUYING 201 257 40 159
SELLING 203 259 42 161
Three people were burnt beyond recognition as a petrol tanker fell and caught fire, yesterday morning at Maje village near Abuja. Photo: Mahmud Isa
Mother, 2 others die in Abuja tanker explosion By Josephine Ella
A
woman who wanted to rescue her child from an inferno was among those who were roasted to death when a petrol tanker exploded after the
driver lost control, rammed into a residential quarters and burst into flames in Tunga-Maje in Abuja yesterday. Eyewitnesses said the tanker after losing control, somersaulted and as a result,
rammed into the buildings, setting off the fire that ravaged the affected structures, worth millions of Naira. Charred remains of two occupants of the tanker, suspected to be the driver and his
conductor were found in the wreckage of the ill-fated tanker before it went into flames. The unlucky woman, eyewitnesses said had rushed out of her house to save her child, who Contd on Page 2