The source said the delay in holding the meeting was due to revenue challenges, which the country had been grappling with in the last few months.

There have been persistent shutdowns and shut-in of trunks and pipelines at various oil and gas terminals, which have had a negative impact on revenue performance.

A top government official told our correspondent on Monday that a majority of the revenue-generating agencies had yet to remit any money to the federation account.

It was learnt that the meeting, which was originally scheduled to hold last week, could not be held because enough revenue had not been remitted to the federation account.

The official said, “You know we have been having revenue challenges and the money we usually share is taken from the federation account, which is funded by revenue-generating agencies.

“Some of these agencies are still generating revenues and as of last week when the meeting was supposed to be held, we couldn’t hold it because there was not enough revenue for sharing.”

http://www.punchng.com/business/business-economy/august-salaries-for-federal-workers-may-be-delayed/

Fg is broke? That's joke. That's not a rhym. But i thought people were returning the looted funds na. But what do I know sef

Ok nah. Noted

Keep probing till the economy dies off.

wow

buhari taking Nigeria for a full ride...

We made 5trillion dollars from oil since APC took over - PROPAGANDA!
We retrieved 600 trillion from ex aids of GEJ - PROPAGANDA!
In this APC-led government, you only see money in print, when it comes to reality they back down.
Please pay workers with the money from all the recovered loots.
I rest my case.

What do u expect frm d president of arewanistan...and her archaic people

christinie:
We made 5trillion dollars from oil since APC took over - PROPAGANDA!
We retrieved 600 trillion from ex aids of GEJ - PROPAGANDA!
In this APC-led government, you only see money in print, when it comes to reality they back down.
Please pay workers with the money from all the recovered loots.
I rest my case.

E. just cancelled keeping up with kardiashians for
Keeping up with d photogenic govt. And president of arewanistan
Even d visiting UN sec general was terrified hw they were jumping seats to take a shoot with him.. Dats a billboard per state... Propaganda govt.

bugzbunny:

E. just cancelled keeping up with kardiashians for
Keeping up with d photogenic govt. And president of arewanistan
Even d visiting UN sec general was terrified hw they were jumping seats to take a shoot with him.. Dats a billboard per state... Propaganda govt.

the thing with the Buhari-led Government is that they never expected to be at the apex, they were campaigning with failure mindset hoping to lose so that people along with their dogs and baboons would be soaked in blood, but GEJ gave them the mandate on a platter of gold and now they cannot manage the success as they are so unprepared to lead, so they resorted to turning themselves to celebrity administrators which to me is arrant nonsense. APC is such a classless party with the most unrefined class of people. Low-down-dirty- shit!

Fg broke? Impossible!! What happen to the loots returned by GEJ's men? IBB returned $12 billion oil wind fall - APC Bu-Wari is totaly Clueless!

What happen to Buhari integrity nd body language

Pls pay our salary

You all have no idea the damage GEJ did with some policies before he was booted out welcome to the real world.

Waiting for almajiri body language to do the needful. Sai chanters tell your dullard from duara to pay workers on time.

Naija self like fake news.... Sooner or later dm go counter dz same news

And GMB bailed governors that paid for his ekection with almos $5bn...

* China just reduced their interest rate, which would lead to a reduction in its demand for consumer goods, for RAW MATERIALS (oil) and other imported goods from emerging markets(NG)
* The US, Russia and OPEC are at war over quota production and price
* Europe and US stocks have improved favourably. But they are no more our major trade partners
* Oil price is at its worst slump in 30 years, with Saudi Arabia hellbent on keeping its foot down on prices
Its now obvious that the next 4years will be very bleak. In combination with a leader lacking innovation and the economic prowess needed to survive this economic storm, our hopes are dim. Two years from now, mob violence, riots and civil unrest will swallow this nation. PMB and the gang should get ready for WINTER is coming.

Federation account should be abolish,it doesn't make sense.state should spend what they generate and pay a percentage to the centre to keep the army and our sovereignty.

masseratti:
Federation account should be abolish,it doesn't make sense.state should spend what they generate and pay a percentage to the centre to keep the army and our sovereignty.

One of the recommendations of the national confab 2014. PMB must visit and implement that report to save Nigeria.