News
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
2027: My opponents are arming terrorists against me — Tinubu
President Bola Tinubu has declared his intention to seek re-election in 2027, saying critics exploiting the country’s security challenges were doing the bidding of his political opponents.
Tinubu made the remarks while receiving Plateau State Governor Caleb Mutfwang and other stakeholders from the state, telling them that hostile forces were weaponising insecurity to undermine his administration.
“You are playing to the hand of agents, including my own enemies, who want to use insecurity to get rid of me,” he said, adding that he would not be deterred.
“I’m a very stubborn politician. I just refuse to go. And I will campaign for my second term.”
The declaration comes amid sustained pressure on the Federal Government over attacks by armed groups, kidnappings, and killings across several states, with opposition figures and civil society organisations demanding stronger federal action.
NDLEA raids 3 illicit drug warehouses, recovers N16.9bn worth of opioids
Tinubu has consistently defended his administration’s security record, maintaining that agencies are being adequately supported to restore stability.
The President took office in May 2023 and is constitutionally eligible to seek a second four-year term when Nigerians go to the polls in 2027.
News
Lawmakers Move To Establish Military Strategy Hub
…proposal aim to strengthen coordination and innovation across the Armed Forces
By Gloria Ikibah
The House of Representatives has passed for second reading a proposal to set up a Joint Doctrine and Warfare Centre, envisioned as a high-level strategic hub to improve coordination, efficiency and overall performance within Nigeria’s Armed Forces.
The bill, sponsored by the Speaker, Tajudeen Abbas, is titled “A Bill for an Act to Establish the Joint Doctrine and Warfare Centre to Enhance the Coordination and Effectiveness of Military Operations of the Armed Forces of Nigeria by Integrating the Capabilities of Its Respective Services; and for Related Matters (HB 2741).”
It progressed to the next stage following debate by lawmakers on Wednesday during plenary.
The planned centre is intended to serve as a focal point for defence research, development of military doctrine, strategic planning and innovation in warfare, with particular attention on fostering closer collaboration among military and paramilitary bodies.
Commencing debate on the general principles of the legislation on behalf of the Speaker, Rep. Daniel Asama said, “the initiative is designed to bridge critical gaps in Nigeria’s defence framework, particularly the lack of a dedicated institution for developing and coordinating joint military doctrines.”
“The centre would establish a structured system for the formulation, validation and dissemination of joint doctrines, while also promoting interdisciplinary research on multi-domain operations”.
Asama further observed that Nigeria’s increasingly complex security landscape demands a more integrated and strategic military response.
“Nigeria faces complex security challenges, including terrorism, insurgency and cyber warfare, which require coordinated doctrinal responses among the Armed Forces.
“The absence of a dedicated institution for joint doctrine development has created operational gaps and limited interoperability among the services”, he said.
According to him, the proposed centre will serve as both a think-tank and a centre of excellence for doctrine formulation and warfare strategy.
“This bill provides the legal and institutional framework for the Joint Doctrine and Warfare Centre as a think-tank and centre of excellence for doctrine development and warfare strategy.
“It addresses the need for integrated doctrine development, unified command thinking and joint operational planning”, he added.
He described the bill as timely, the lawmaker said it would strengthen Nigeria’s capacity to respond to evolving threats while enhancing cooperation among the Army, Navy and Air Force.
He explained that the proposed centre would provide a standing platform for defence research, simulation exercises and policy coordination, with the aim of strengthening the long-term sustainability of the country’s security efforts.
The institution is expected to draw together major players in the security architecture, including the Ministers of Defence, service chiefs and specialists from the private sector.
Its responsibilities would cover aligning warfare strategies, monitoring emerging threats, reviewing operational requirements and offering strategic guidance for defence activities.
The centre would also work closely with defence institutions, universities, international allies and research organisations to advance joint doctrine development, simulation tools and contemporary warfare practices.
Among its core aims are improving Nigeria’s capacity to respond to hybrid and asymmetric threats, enhancing cooperation among the armed services, promoting defence research and expanding both regional and global security partnerships.
Asama expressed optimism that the proposal would markedly strengthen the nation’s military preparedness and strategic depth.
“The Joint Doctrine and Warfare Centre will serve as the intellectual and operational hub for defence coordination, doctrine formulation and integrated warfare planning,” he said.
Following its passage for second reading, the bill was referred to the House Committee on Defence for further legislative consideration.
When passed into law, the piece of legislation is expected to provide a solid institutional framework for advancing joint military operations and improving Nigeria’s response to current and emerging security challenges.
News
BREAKING:Tinubu Fires NMDPRA CEO, Mohammed, Nominates Rabiu Abdullahi Umar as Replacement
President Bola Ahmed Tinubu has approved the immediate removal of Mr. Saidu Mohammed as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
He has nominated Mr. Rabiu Abdullahi Umar to take over as the new Chief Executive. The appointment is pending confirmation by the Senate.
Details shortly….
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