Tag Archives: N4bn

SON Confiscates Substandard Products Worth N4bn

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The Director-General of Standards Organisation of Nigeria (SON), Dr Joseph Odumodu, has said that the agency has seized substandard products worth four billion naira since the beginning of the year.

Odumodu who made the disclosure in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday, said that in September, the agency seized substandard telephone sets worth N350 million.

“In the last three days, we have confiscated over N350 million worth of telephone sets that are substandard.

“If I add that to the number I have earlier, we have a number of about four billion naira this year alone.

“I tell you that is not a thing of joy because all these products were imported, paid for with genuine dollars and would be destroyed and they are Nigerian money,’’ he said.

Read More: NAN

Gov. Shema Leaving N4bn For Incoming Administration In Katsina

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Governor Ibrahim Shema of Katsina State has said that his administration will leave four billion naira in the state treasury for the incoming administration. Shema made the disclosure when he received management staff of the Federal University, Dutsin-ma in Katsina on Thursday.

He said he would release N8.5 billion to the 34 local government councils to continue with projects implementation next week. The governor further said his administration spent N55 billion in completing projects inherited from the late President Umar ‘Yar’adua’s administration during his tenure as governor in 2007.

Some of the projects inherited and completed, according to him, include the Umar Musa ‘Yar’adua University, Katsina, the Katsina Airport, and Turai ‘Yar’adua Child and Maternal Hospital, among others.

He said that when he assumed office in 2007, the state was receiving N2.8 billion from the Federation Account, out of which, N1.2 billion went into salary payment.

The governor said the state monthly Internally Generated Revenue (IGR) was N132 million. Shema noted that through his administration’s efforts the state internally generated revenue increased to one billion naira monthly. He, however, expressed regrets that from January to April 2015, the IGR dropped by N300 million.

The governor said his only regrets was the non-completion of the Lambar Rimi Windmill Power project. He further said: “so far at least five turbines at the site were raised”.

Credit- NAN