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FG, States, LGs Share N1.894trn February Revenue – FAAC
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.
News
Iran slams US blockade as ‘grave violation of sovereignty’
Iran slammed a US blockade around its ports on Monday as a “grave violation” of its sovereignty, as Washington and Tehran’s belligerent rhetoric rattled a fragile truce.
“The imposition of a maritime blockade constitutes a grave violation of the sovereignty and territorial integrity of the Islamic Republic of Iran,” Iran’s ambassador to the United Nations Amir Saeid Iravani wrote to UN Secretary General Antonio Guterres, in a letter seen by AFP.
The “unlawful” blockade also “constitutes a serious violation of the fundamental principles of the international law of the sea,” Iravani added.
US President Donald Trump ordered a blockade of ships entering or leaving Iranian ports and coastal areas in the Gulf Sunday, following the failure of peace talks over the weekend, warning that any Iranian attack boats that challenged the blockade would be destroyed.
The blockade came into force at 1400 GMT Monday, despite the United States and Iran agreeing to a two-week ceasefire days earlier, with mediator Pakistan and Gulf state Qatar continuing calls for it to be respected as diplomatic efforts continue.
Guterres on Monday called on “all parties” to respect freedom of navigation in the Strait of Hormuz, after Iran and subsequently the United States blocked passage through the critical waterway.
The strait, through which a fifth of global oil and gas flows, has become a key flashpoint as the US and Iran attempt to gain leverage over each other during ceasefire negotiations.
Iravani said the “unlawful” blockade “poses a grave threat to international peace and security and obviously exacerbates the risk of escalation in an already highly volatile region.”
In a second letter, the UN envoy called on Middle Eastern countries hosting US military bases to “cease their internationally wrongful acts.”
Bahrain, Saudi Arabia, Qatar, the United Arab Emirates and Jordan should pay “compensation for all material and moral damage sustained,” he said.
News
El-Rufai distances self from comments on political aspirations attributed to associate
Former Kaduna State Governor Nasir El-Rufai has distanced himself from recent media reports linking him to certain political aspirations, saying the comments were made without his knowledge or authorisation.
In a statement issued on Tuesday by his Media Adviser, Muyiwa Adekeye, El-Rufai said the remarks had been attributed to an unnamed individual described in media reports as his political associate, and that he had no hand in them.
“Malam Nasir El-Rufai wishes to dissociate himself from comments regarding political aspirations which have been attributed to someone described by the media as a political associate,” the statement read.
“He did not authorise such comments.”
The disclaimer pointedly underscored El-Rufai’s reputation for speaking his mind directly, with the statement noting that he had been known throughout his public life for the frank articulation of his views.
“He is not about to outsource the expression of his political views and thoughts to others,” the statement added, warning that any future communication from the former governor would come directly from him or through his designated spokesperson.
El-Rufai did not identify the associate in question, nor did the statement specify the nature of the political aspirations that had been reported.
However, the swift and emphatic denial suggests the former governor was keen to prevent any impression that the comments reflected his current political thinking or intentions.
JAMB declares readiness for 2026 UTME, urges parents to protest admission violations
The disclaimer comes amid heightened political activity ahead of the 2027 general elections, a period in which the positions and affiliations of prominent political figures are under intense media and public scrutiny.
El-Rufai, a former Minister of the Federal Capital Territory and two-term governor of Kaduna State, remains one of the most closely watched political figures in northern Nigeria.
His next political move — including which party platform he may adopt ahead of 2027 — has been a subject of widespread speculation.
News
Police arrest three over theft, vandalism of Yobe TV transformer
The Yobe State Police Command said its operatives have arrested three suspected vandals involved in the destruction and theft of transformer components belonging to Yobe State Television at Garin Alkali Booster Station.
The Command, through its Public Relations Officer, SP Dungus Abdulkarim, disclosed this in a statement issued on Tuesday in Damaturu.
According to the Command, the arrest was made on April 14, 2026, by its operatives stationed in Garin Alkali while acting on credible intelligence.
“The arrested suspects are Muhammad Auwali, a.k.a. Aburare, 51, Inusa Lawan, 53, and Hassan Ibrahim, 27, all of Bursari and Gashua axis, Bade LGA. One accomplice identified as Ozu, is currently at large.
“Preliminary investigation revealed that the suspects criminally conspired and vandalised a transformer located at the YTV Booster Station, Garin Alkali, Bursari LGA.
“The suspects dismantled the transformer and sold part of the metal components”, it said.
The Command added that upon interrogation, the suspects confessed to the crime and admitted to selling some of the vandalised transformer parts to Hassan Ibrahim for the sum of N250,000, out of which N150,000 had already been paid.
“Investigation is in progress, after which the suspects will be charged in court for prosecution”, the police command said.
Commissioner of Police Usman Kamfani Jibrin, in the statement, warned scrap metal dealers against purchasing suspected stolen items and urged them to cooperate with security agencies in protecting critical public infrastructure.
He stressed that anyone found involved in such unlawful activities will be dealt with in accordance with extant laws.
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