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There’s no plan to reduce FG’s share from federation account – Oyedele
By Francesca Hangeior
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied a media report on the proposal to reduce the Federal Government’s share from the Federation Account Allocation Committee.
While reacting report that the tax specialist via his handle on X.com Sunday that the committee’s recommendation was explicitly with respect to Value-Added Tax.
He noted that the committee also recommended that states and local governments stop imposing “consumption taxes” which result in multiple taxation.
The tweet read,” We did not recommend a reduction in the Federal Government’s share from [the] federation’s account. Our recommendation is with respect to VAT revenue, to increase the share of states and local governments from 85% to 90%, and for states to discontinue their other forms of consumption taxes which constitute multiple taxation on businesses and individuals.”
The FAAC is responsible for reviewing and adopting the allocation of funds to the FG, states and local governments.
At the September 2024 FAAC meeting in Abuja, the committee, in a statement by the Director of Press and Public Relations, Bawa, announced that it had disbursed a total sum of N1.2 trillion earned as revenue in August 2024 to the FG, states and local governments.
The report partly wrote, “Under the new proposal, Oyedele explained [that] the distribution formula for the states and local governments would include a clause stipulating that 60 per cent of their share will be based on the principle of derivation.
In practice, this means if N100 is available for distribution from FAAC, the Federal Government will take N10, all 36 states will share N36 equally, and N54 will be distributed based on derivation, favouring states with higher resource generation.
“This change in the sharing formula is part of broader reforms aimed at eliminating numerous “nuisance taxes” and streamlining the tax collection process. Oyedele noted that the Federal Government had to make this concession to get states on board with a centralised and more efficient tax collection system.
“The new approach not only simplifies tax collection but also lays the foundation for fiscal federalism, giving states and local governments more autonomy over their revenues,” quoted Oyedele.
In early October 2024, the FG, through the Fiscal Policy and Tax Reforms committee, announced the exemption of 63 items from the VAT, as part of its latest fiscal reforms.
News
Trump Announces Pam Bondi For Attorney General after Rep Gaetz Withdrawal
After Republican Rep. Matt Gaetz of Florida abandoned his quest for U.S. attorney general, President-elect Donald Trump wasted no time in choosing another candidate for the position.
On Thursday evening, Trump announced his decision on social media.
“I am proud to announce former Attorney General of the Great State of Florida, Pam Bondi, as our next Attorney General of the United States,” he posted on Twitter. “Pam was a prosecutor for nearly 20 years, where she was very tough on Violent Criminals, and made the streets safe for Florida Families,” according to him.
“Then, as Florida’s first female Attorney General, she worked to stop the trafficking of deadly drugs and reduce the tragedy of Fentanyl overdose deaths.”
News
SAD! 38 Casualties As Gunmen Ambush Shiite Convoys
No fewer than 38 people, most of them Shiite Muslims, were killed in northwestern Pakistan on Thursday as gunmen ambushed convoys of vehicles that had been under the protection of security forces.
The attack was one of the deadliest in months of sectarian violence in the Kurram region, a scenic mountainous district bordering Afghanistan. Pakistan is overwhelmingly Sunni Muslim, but Kurram’s population of 800,000 is nearly half Shiite Muslim, contributing to a cauldron of tribal tensions.
Conflicts, often rooted in disputes over land, frequently escalate into deadly sectarian clashes. The violence highlights the government’s persistent struggle to maintain control in the region.
The vehicles had been traveling in opposite directions on the main road connecting Parachinar, a Shiite-majority town in Kurram, to Peshawar, the provincial capital 135 miles away.
The road, a vital lifeline for the district, had only recently reopened after being closed for three weeks because of an ambush on Oct. 12 that left at least 16 people dead.
During the closure, residents of Parachinar were cut off from essential supplies, including food and fuel, leading to a growing humanitarian crisis.
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One Woman, Girl Killed Every 10 Minutes Globally – UN Women
On the International Day for the Elimination of Violence against Women, November 25, the report Femicides in
2023: Global Estimates of Intimate Partner/Family Member Femicides by UN Women and UNODC reveals that femicide—the most extreme form of violence against women and girls—remains pervasive in the world.Globally, 85,000 women and girls were killed intentionally in 2023. 60 per cent of these homicides -51,000- were committed by an intimate partner or other family member. 140 women and girls die every day at the hands of their partner or a close relative, which means one woman or girl is killed every 10 minutes.
In 2023, Africa recorded the highest rates of intimate partner and family-related femicide, followed by the Americas and then by Oceania. In Europe and the Americas, most women killed in the domestic sphere (64 per cent and 58 per cent, respectively) were victims of intimate partners, while elsewhere, family members were the primary perpetrators.
“Violence against women and girls is not inevitable—it is preventable. We need robust legislation, improved data collection, greater government accountability, a zero-tolerance culture, and increased funding for women’s rights organizations and institutional bodies. As we approach the 30th anniversary of the Beijing Declaration and Platform for Action in 2025, it is time for world leaders to UNiTE and act with urgency, recommit, and channel the resources needed to end this crisis once and for all”, highlighted UN Women Executive Director, Sima Bahous.
“The new femicide report highlights the urgent need for strong criminal justice systems that hold perpetrators accountable, while ensuring adequate support for survivors, including access to safe and transparent reporting mechanisms,” said Ghada Waly, Executive Director of UNODC. “At the same time, we must confront and dismantle the gender biases, power imbalances, and harmful norms that perpetuate violence against women. As this year’s 16 Days of Activism Campaign begins, we must act now to protect women’s lives.”
The 30th anniversary of the Beijing Platform for Action in 2025, coupled with the fast-approaching five-year deadline to achieve the Sustainable Development Goals, presents a critical opportunity to rally all stakeholders to take decisive and urgent action for women’s rights and gender equality. This includes ending impunity and preventing all forms of violence against women and girls.
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