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FG, States, LGs Share N1.123tn In March
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The Federation Account Allocation Committee has disbursed a total of N1.123tn to the federal, state, and local governments for March 2024.
The allocation, derived from a gross total of N1.867tn, marks a critical distribution of funds aimed at supporting various government tiers.
This was revealed in a statement signed by the Director of Information and Public Relations, Ministry of Finance, Mohammed Manga, on Friday.
FAAC has the duty of examining and approving the distribution of financial resources to the states and the Federal Government.
Monthly, this committee is tasked with the disbursement of funds across Nigeria’s 36 states and its 774 local government areas.
This allocation is anticipated to drive progress and support governmental bodies across various tiers in executing their duties.
The PUNCH reported that the FAAC shared N1.152.trn to the three tiers of government for February 2024 from a gross total of N2.326.14trn
Manga stated that the Accountant General of the Federation, Mrs. Oluwatoyin Madein, chaired the meeting and highlighted the importance of the allocation.
“This distribution is pivotal in ensuring that all government levels have the necessary funds to continue their development projects and provide essential services to the citizens,” the statement read.
The statement noted that the Federal Government received N345.890bn, states, and local governments received N398.689bn and N288.688bn, respectively, while oil-producing states received N90.224bn as 13 per cent mineral revenue derivation.
The FAAC statement also noted an increase in the gross revenue from Value Added Tax for March 2024, amounting to N549.698bn—an N89.210bn rise from the previous month.
This increase reflects the country’s economic growth and improved tax compliance.
Despite the positive trend in VAT, the Gross Statutory Revenue of N1.017tn for March was lower than February’s N1.192tn by N175.212bn.
The decrease has been attributed to reductions in excise duty, oil royalty, petroleum profit tax, customs external tariff levies, and electronic money transfer levy.
The balance in the Excess Crude Account as of April 2024 stands at $473,754.57, indicating a reserve for future financial stability.
The statement noted that the FAAC’s decision to allocate these funds is expected to bolster economic activities across the nation and support the government’s efforts in improving infrastructure, healthcare, education, and other vital sectors.
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NUJ Hails Oyekunle’s ECOWAS Court Victory, Says It Is a Win for Journalism, Press Freedom
The Nigeria Union of Journalists (NUJ) has described the victory of Jide Oyekunle, a journalist with Independent Newspaper, at the ECOWAS Community Court of Justice as a major victory for journalism and press freedom in Nigeria.
The union, in its reaction to the judgment awarding N10 million in damages against the Nigerian government over the violation of Oyekunle’s rights, said the ruling represents an important step towards protecting journalists and defending media freedom.
The NUJ in a statement signed by the National Secretary, Achike Chude on Wednesday commended the efforts of Avocats Sans Frontières France (ASF France) for providing legal support and standing with the journalist throughout the legal process.
It said the judgment serves as a reminder of the need for the protection of journalists who perform their constitutional duty of informing the public, adding that attacks and harassment against media practitioners must not go unchecked.
The union urged the Nigerian government to comply with the ECOWAS Court judgment by paying the N10 million damages awarded to Oyekunle without delay.
According to the NUJ, prompt compliance with the ruling would demonstrate respect for the rule of law and reinforce Nigeria’s commitment to upholding human rights and press freedom.
The union further called for stronger measures to guarantee the safety and independence of journalists across the country.
Signed
Comrade Achike Chude
National Secretary
News
DAY 13 of Projects Commissioning in the FCT
President Tinubu Will Commission Roads 01 and 02 Linking Mabushi Bus Terminal and Ahmadu Bello Way Today
#FCTRenewedHope
#FCTProjectsCommissioning
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BEWARE: FG warns 26 States of flood, places, Bayelsa, Delta, Lagos, Adamawa, Benue, others as critical risk areas
The Federal Government has alerted residents of 26 states and the Federal Capital Territory (FCT) to the possibility of flooding between June 22 and July 5, 2026, following forecasts of heavy rainfall in different parts of the country.
The warning was issued by the Federal Ministry of Environment through the National Flood Early Warning Centre under its Erosion, Flood and Coastal Zone Management Department.
The ministry said several communities across the country have been identified as areas that could face serious flood threats during the period.
According to the forecast released on June 22, heavy rainfall is expected in many locations, raising concerns about possible flooding in vulnerable communities.
States placed under the critical-risk category include Abia, Adamawa, Akwa Ibom, Anambra, Bayelsa, Benue, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Imo, Kogi, Kwara, Lagos, Niger, Ogun, Ondo, Osun, Oyo and Rivers.
In Abia State, the affected communities include Aba, Arochukwu and Umuahia. In Adamawa, the ministry listed Jimeta and Numan, while Eket, Oron and Uyo were named in Akwa Ibom. In Anambra, Onitsha Inland Town and Awka Urban Drainage Corridors were identified as vulnerable locations.
Bayelsa communities such as Yenagoa, Brass and Nembe Town were also listed among areas that could be affected by flooding.
Other locations mentioned include Makurdi, Gboko and Katsina-Ala in Benue State; Calabar Metropolis and Creek Town in Cross River State; Asaba, Warri and Sapele in Delta State; and Abakaliki, Afikpo and Onueke in Ebonyi State.
The ministry also identified Benin City Urban Core and Auchi in Edo State, Ado-Ekiti and Ikere-Ekiti in Ekiti State, as well as Enugu, Nsukka and Oji River Town in Enugu State.
In Imo State, Owerri, Orlu and Okigwe were listed, while Lokoja and Ajaokuta were named in Kogi State. Communities such as Ilorin, Jebba and Pategi in Kwara State were also included in the warning.
Several parts of Lagos State were equally listed among the areas at risk.
These include Agege, Alimosho, Apapa, Badagry, Ikeja, Ikorodu, Lagos Island, Lekki and Surulere.
In Niger State, Bida, Minna, Mokwa, Suleja and Kontagora were identified, while Abeokuta, Ota and Sagamu were listed in Ogun State.
The flood alert further covered Akure, Owo and Okitipupa in Ondo State; Oshogbo, Ile-Ife and Ilesa in Osun State; Ibadan, Ogbomoso and Oyo in Oyo State; as well as Port Harcourt Urban Core, Bonny, Ahoada and Omoku in Rivers State.
Apart from the states under the critical-risk category, the ministry also placed parts of Adamawa, the FCT, Kebbi, Kogi, Nasarawa, Plateau and Taraba states under a high-risk category.
Communities listed in this group include Yola North, Yola South, Mubi and Gurin in Adamawa State; Abuja Municipal, Gwagwalada, Kubwa, Nyanya and Wuse in the FCT; Birnin Kebbi and Argungu in Kebbi State; Bako in Kogi State; and Keffi, Lafia, Karu and Toto in Nasarawa State.
The warning also covered Jos and Jos North in Plateau State, as well as Jalingo, Wukari, Takum, Serti and Karim Lamido in Taraba State.
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