News
FG, States, LGs Share N1.123tn In March
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.
News
Reps Direct Ministry of Health to Provide Detailed Report on Nutrition Interventions Amid Malnutrition Crisis
By Gloria Ikibah
The House of Representatives has called on the Ministry of Health to submit comprehensive information on the federal government’s and donor agencies’ nutrition interventions aimed at combating malnutrition in Nigeria.
Chairman Committee on Nutrition and Food Security, Rep. Chike Okafor during a budget defense session eemphasised the need for detailed figures for 2024 and clear projections for 2025, including an overview of contributions from 27 development partners.
Members of the committee also questioned duplications in budgeted nutrition supplies, stressing the importance of transparency and effective utilization of resources to address the nation’s nutrition challenges.
The Ministry, led by Permanent Secretary Daju Kachollom, proposed ₦2.9 billion for nutrition interventions in the 2025 budget, focusing on therapeutic supplies and expanding successful community-based programs. Efforts to reduce reliance on imported therapeutic foods and promote local manufacturing were also highlighted.
The committee underscored the need for effective collaboration between government agencies and the private sector to ensure better nutrition outcomes across the country.
By Kayode Sanni-Arewa
US President-elect, Donald Trump’s incoming administration plans to immediately order a series of deportation raids targeting illegal immigrants after his inauguration.
Chicago is expected to be the first major city targeted by Immigration and Customs Enforcement agents as part of Operation Safeguard, the New York Times reported, citing two people familiar with planning the undertaking.
The massive deportation operation is expected to target criminals and gang members in the United States illegally and run for one week.
Trump has promised to conduct the largest deportation program in U.S. history.
Up to 200 ICE agents are being sent to Chicago to help kick off the operation on Tuesday, the Wall Street Journal reported. The agency has already asked agents to volunteer for the post-inauguration raids.
“There’s gonna be a big raid across the country,” Tom Homan, who will be in charge of U.S. borders once Trump takes office, told Fox News in an interview.
Homan has previously said he will instruct ICE agents to carry out raids on illegal immigrants at their workplaces.
In addition to Chicago, the sweeping crackdown will also target other major U.S. cities with large immigrant populations.
Trump is set to take the oath of office on Monday, January 20, in an inauguration that will take place indoors.
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