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FG, States, LGs Share N1.894trn February Revenue – FAAC
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The Federation Account Allocation Committee (FAAC) has shared a total of N1.894 trillion as Federation Account revenue for February 2026 among the Federal Government, states and local government councils.
This was disclosed in a statement issued on Friday by the Director of Press and Public Relations in the Office of the Accountant-General of the Federation, Bawa Mokwa.
The revenue was shared during the March 2026 FAAC meeting held in Abuja. The N1.894 trillion distributable revenue comprised N1.274 trillion from distributable statutory revenue and N619.119 billion from Value Added Tax (VAT).
The communiqué indicated that a total gross revenue of N2.230 trillion was available in February 2026. From this amount, N77.302 billion was deducted as cost of collection, while N259.078 billion was recorded as transfers, refunds and savings.
It further stated that gross statutory revenue of N1.561 trillion was received in February 2026. This represented a decrease of N395.138 billion compared with the N1.957 trillion recorded in January 2026.
Similarly, gross VAT revenue stood at N668.450 billion in February 2026, which was N414.710 billion lower than the N1.083 trillion recorded in January.
From the N1.894 trillion distributable revenue, the Federal Government received N675.088 billion, while state governments received N651.525 billion.
The local government councils received N456.467 billion, while N110.949 billion, representing 13 per cent derivation revenue from mineral sources, was shared among the benefitting states.
A breakdown of the N1.274 trillion statutory revenue showed that the Federal Government received N613.174 billion, the states received N311.010 billion, and the local government councils received N239.776 billion. The N110.949 billion derivation revenue was also distributed to eligible states.
From the N619.119 billion VAT revenue, the Federal Government received N61.912 billion, state governments received N340.515 billion, while local government councils received N216.692 billion.
The communiqué also noted that oil and gas royalty and excise duty recorded significant increases in February.
However, revenues from Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties (SDT) and Value Added Tax (VAT) declined substantially.
It added that import duty and Common External Tariff (CET) receipts increased marginally during the period.
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ADC gives reasons why Atiku was absent at G100 opposition summit
The African Democratic Congress has given reasons why its presidential flag bearer Atiku Abubakar was absent at the G100 summit in Abuja.
ADC spokesperson, Bolaji Abdullahi, gave the explanation on Tuesday during an interview saying the summit focused on cooperation among political parties rather than individual candidates.
He said the ADC was fully represented at Monday’s meeting, with four of its vice chairmen in attendance, making Atiku’s physical presence unnecessary.
The summit, held at the Shehu Musa Yar’Adua Centre in Abuja, brought together representatives of major opposition parties to discuss possible cooperation ahead of the 2027 elections.
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“Go Back and Repair Our Road!” — Enugu Residents Turn APC Campaign Ground Into Assessment Session(Video)
Drama unfolded in Enugu North when a man reportedly campaigning for the APC in Peter Mbah-branded clothing was confronted by residents over the condition of their community.
Instead of the expected campaign applause, residents turned the encounter into an impromptu accountability hearing.
Community: “As you were coming here, how did the road look?”
APC Supporter: “It is very terrible.”
Community: “Go and tell the people who sent you to come and construct the road for us.”
APC Supporter: “I will inform them.”
The residents did not stop there.
Community: “Is that not a primary school your community members attend? How is it?”
APC Supporter: “It is bad.”
And just like that, the campaign rally became a road-and-school inspection.
News
US troop withdrawal won’t affect counterterrorism cooperation – DHQ
The Defence Headquarters has said the reported withdrawal of about 200 United States personnel from Nigeria will not affect the country’s security cooperation with the US, describing the development as a routine adjustment tied to specific operational objectives.
The Director of Defence Information, Maj Gen S. Uba, stated this on Tuesday while addressing journalists at the joint security spokespersons briefing.
Uba said the withdrawal should not be interpreted as a breakdown or termination of the longstanding security partnership between Nigeria and the United States.
“The Armed Forces of Nigeria wishes to clarify that the reported withdrawal of about 200 United States personnel should not be interpreted as a breakdown or termination of the Nigeria-United States security partnership,” he said.
According to him, the relationship between both countries remains “strong, enduring, and mutually beneficial,” noting that the deployment of American personnel was linked to specific operational and counterterrorism objectives.
“The decision to draw down personnel is therefore part of the evolving nature of that engagement. Elements of the United States security partnership, particularly intelligence cooperation, training and information sharing, will continue,” Uba added.
He stressed that the responsibility for defending Nigeria and protecting its citizens remained primarily with Nigerian security forces, while noting that cooperation with the US aimed to strengthen the capabilities of the Nigerian military.
“The Armed Forces of Nigeria has consistently maintained that the responsibility for the defence of Nigeria and the protection of its citizens rests primarily with Nigerian security forces,” the DDI said.
He explained that the bilateral security partnership covered intelligence sharing, training, technical assistance and other forms of professional military cooperation.
“Our cooperation with the United States is designed to strengthen our capabilities through intelligence sharing, training, technical assistance, and other forms of professional military cooperation,” he said.
Uba said that when Nigeria and the US jointly assessed the need for additional interventions, including joint strikes, they carried them out.
“Where it is jointly assessed that additional efforts, including joint strikes, are required, we do that,” he stated.
The defence spokesman said the partnership had continued to yield positive results in the fight against terrorism and other transnational security threats.
“Indeed, the Nigeria-United States partnership has continued to produce valuable outcomes in the fight against terrorism and other transnational security threats,” he said.
Uba urged the media and members of the public not to interpret the adjustment in the presence of foreign military personnel as an indication of weakening security cooperation or Nigeria’s defence capacity.
“We equally call on the media and the Nigerian public to avoid interpreting a routine or mission-specific adjustment in foreign military presence as evidence of a collapse in Nigerian security cooperation or national defence capability,” he said.
He reiterated that the Nigeria-US security relationship remained enduring and that cooperation in areas of mutual interest was expected to continue.
The clarification came after US officials said most of the additional forces deployed for the Lake Chad operation had returned following the completion of their mission, while intelligence sharing and broader security cooperation with Nigeria would continue.
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