News

FAAC MARCH 2024: FG, States And LGs To Share N1.1 Trillion

Published

10 months ago

April 30, 2024

The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the Federal Government, States and Local Government Council Areas after its April meeting statement by the Director of Press and Public Relations at the Office of the Accountant General of the Federation Bawa Mokwa indicated that in March 2024, import duty, value-added tax, (VAT) Gas Royalty, companies’ income tax (CIT), and others increased considerably while Excise Duty, Oil Royalty, Petroleum Profit Tax (PPT), Electronic Money Transfer Levy (EMTL) and CET Levies

FAAC in a communique at the end of the April meeting, revealed that the N1,123,391,000,000 total distributable revenue comprised distributable statutory revenue of N311.233 billion, distributable VAT revenue of N511. 879 billion, EMTL revenue of N14.754 billion, and exchange difference revenue of N285.525 billion.

The communique further revealed that total revenue of N1,867,808,000,000 was available in March 2024 and total deductions for the cost of collection was N69.537 billion while total transfers, interventions

Gross statutory revenue of N1.017 trillion was received for March 2024, a N175. 212 billion decline from the N1.192 trillion received in February 2024.

The gross revenue available from VAT in March 2024 was N549.698 billion and it is N89.210 billion higher than the N460.488 billion available in February 2024.

The total distributable revenue was shared as follows: Federal Government N345.890 billion, state governments N398.689 billion, and local government councils N288.688 billion.

The mineral-producing states received an additional N90.124 billion (13% of mineral revenue).

From the N311.233 billion distributable statutory revenue, the Federal Government received N133.960 billion, the state governments received N67.946 billion and the local government councils received N52.384 billion. The sum of N56.943 billion (13% of mineral revenue) was shared with the benefiting states as derivation revenue.

The Federal Government received N76.782 billion, the state governments received N255.940 billion and the local government councils received N179.158 billion from the N511.879 billion distributable VAT revenue.

N14.754 billion EMTL was also shared and the Federal Government received N2.213 billion, state governments received N7.377 billion and the local government councils received N5.164 billion.

The Federal Government received N132.935 billion from the N285.525 billion Exchange Difference revenue, state governments received N67.426 billion, and the local government councils received N51.983 billion. The sum of N33.181 billion (13% of mineral revenue) was shared with the benefiting states as derivation revenue.

News

First Lady Support Historic Bill to Reserve Seats for Women in Parliament

Published

32 minutes ago

March 4, 2025

Gloria Ikibah

…as Office Of Deputy Speaker, ElectHer hold art exhibition in Abuja

By Gloria Ikibah

In a significant step towards promoting gender inclusion in governance, Nigeria’s First Lady, Senator Oluremi Tinubu, has thrown her weight behind the seat reservation bill for women in the parliament, urging members of the national assembly to expeditiously pass the bill into law.

The bill sponsored by the Deputy Speaker of the House of Representatives, Rep. Benjamin Kalu is currently before the House of Representatives for consideration and passage.

Speaking at the Art for Governance Exhibition organized by the Office of the Deputy Speaker in conjunction with ElectHER, an advocacy group for women empowerment in Abuja, Monday night,

Senator Tinubu represented by Hajiya Fatima Tajudeen Abbas, wife of the Speaker, Rep. Tajudeen Abbas, emphasised the importance of women’s leadership in shaping the country’s future.

She said: “In the context of governance and inclusion, it offers a unique and compelling way to spotlight the urgent need for greater female representation in leadership and decision making processes. The artworks being displayed today serve not only for a Nigeria where political leadership is truly inclusive and reflective of its people. The emphasis on affirmative action bill is essential to amplifying the message of inclusion contained in this exhibition.

“Women constitute a vital part of our nation’s progress yet their representation in governance remains limited. Ensuring that women have a stronger voice in shaping policies, making decisions and driving national development is not just a matter of justice, it is a necessity for stable growth.

“Therefore, I support the affirmative action bill that mandates at least 35 percent of seats in the legislative and executive arms being occupied by women. I urge the national assembly to expedite the passage of the bill. I am committed to supporting initiatives that promote gender inclusion, women and nation building. This has been my mission during my mission as first lady of Lagos, as a senator and now as the first lady of the Federal Republic of Nigeria. I firmly believe in the importance of women voices in governance. I urge my former colleagues, the civil society organization and the public to embrace the message of exhibition and collaborate to ensure that women’s voices are heard”.

In his remarks, the Deputy Speaker decried the underrepresention of women in governance.

“Today, we wield the transformative power to address one of the most pressing issues in Nigeria’s democracy: the systemic underrepresentation of women in governance. We see the struggles, the resilience, and the undeniable strength of women who have fought to lead, only to be met with barriers. But barriers can be broken. That is why this exhibition is not just a cultural moment—it is an advocacy tool, a visual argument, a movement in motion.

“The Art for Governance exhibition is anchored on a pivotal legislative effort:

The Constitution (Alteration) Bill, 2024—popularly known as the Additional

Seats Bill. This bill is not merely about numbers or political arithmetic; it is

about justice. And as we push for its passage in the 10th Assembly, we

recognize that legislative success is not achieved through legal arguments

alone, but through the mobilization of hearts and minds, and this exhibition

does precisely that. Because this is not just about passing a bill; it is about shaping a legacy”, Kalu said.

The Chief Executive Officer (CEO) of ElectHER and Lead Curator, Art For Governance Exhibition, Ibijoke Faborode, highlighted the importance of gender-inclusive governance in fostering stronger democratic institutions, improved policy outcomes, and broader socio-economic growth.

“Nigeria, Africa’s largest democracy, has one of the lowest rates of female political representation on the continent. With women comprising nearly 50% of the population but less than 4% of the National Assembly, the underrepresentation of women in governance remains a critical challenge to achieving inclusive democracy and sustainable development. As Nigeria moves toward the 2027 elections, bold legislative reforms like the Reserved Seats Bill can be a game changer for socioeconomic transformation. We are building the momentum needed to mainstream the Reserved Seats Bill, shift public discourse, and drive its passage. This is not just about a policy change. It is about reshaping Nigeria’s democratic landscape to reflect the full strength of its people”, she said.

The Minister of Women Affairs and other notable personalities who spoke at the Exhibition also expressed their commitment to ensuring the passage of the Special Seats Bill, which aims to increase women’s representation in governance.

The Exhibition produced top 3 artists from over 150 other competitors who won special prizes for their extraordinary artworks.

The artists included Segun Owolabi who won the first position for N2 million; Chidinma Mordi, second position for N1. 5 million and Precious Samuel, third Position for N1 million but the prizes were later doubled by the Deputy Speaker.

The prize winners will also exhibit their work at the Echoes of Equity; Art For Governance event and display their works at the National Assembly Library for about 3 weeks.

News

Benin City boils as CSOs protest killing of physically challenged man

Published

59 minutes ago

March 4, 2025

Naijablitznews

Angry members of Civil Society Organisations on Tuesday protested and decried the gruesome murder of a physically challenged man in Obazagbon community, Oredo Local Government Area of Edo State.

The victim, identified as Efe Ogbeide and a deaf, was said to have been murdered at a project site by invading gunmen.

The community is said to be embroiled in violent leadership crisis, leading to the destruction of property and loss of lives.

Speaking on behalf of the aggrieved protesters, the Executive Director, Network for the Advancement of People with Visible Disability, Omasah Melody said the victim was deaf and could not hear when the alarm of the invaders was raised.

He added, “While others ran away, but because he could not hear, he fell in the hands of his murderers.”

Melody continued, “we are pained. We are touched because Mrs. Betty has lost a very dear husband. His children have been made fatherless.

Ogbeide’s crime was that he went around to fend for himself and his family in spite of his disability so that he will not to be a liability to society.

It was in the quest of struggling to put food on the table of his family that death met him absolutely.

“The frequency of communal clashes over land and its related issues is becoming one too many. It has to stop. Security agents must rise to the occasion.

When there are crisis in community, the physically challenged suffer more. People with disabilities are worse hit.”

Reacting to the development, the Edo State Police Public Relations Officer, Moses Yamu said three suspects have been arrested over the mayhem in Obazagbon community, adding that investigation is still ongoing.

News

PSC endorses appointment of six DIGs, elevates one CP to AIG, others

Published

2 hours ago

March 4, 2025

Naijablitznews

The Police Service Commission has endorsed the appointment of six Deputy Inspectors General of Police and the promotion of the Commissioner of Police Enugu State Command, Uzuegbu Kanayo to the next rank of Assistant Inspector General of Police.

The new Deputy Inspectors General of Police are Sadiq Idiris Abubakar, Commandant Police Academy , Wudil, Kano. He was former Commissioner of Police, Federal Capital Territory; CP Peace keeping Operations and Coordinator, Police Special Forces; Benjamin Nebolisa Okolo, former AIG, Zone 16, Yenagoa and presently AIG Department of Information Communication Technology, Force Headquarters Abuja and Williams Adebowale, Commandant, Police Staff College Jos.

Others are Bzigu Yakubu Kwazi Bali, AIG FCID, Annex Enugu; Idegwu Basil Ukuoma, AIG Zone 14, Katsina and Adebola Ayinde Hamzat, AIG Zone 16 Yenagoa and former Commissioner of Police, Oyo State Command. He was also a former CP Border Patrol, Force Headquarters, CP Crime Prevention and Community safety; Deputy Force Secretary and currently AIG in charge of NPF Counter Terrorism Unit, CTU, Force Headquarters Abuja.

CP Kanayo Uzuegbu Commissioner of Police Enugu State Command promoted to the next rank of Assistant Inspector General of Police was a former Assistant Commissioner Operations Zone 9, Umuahia; Area Commander, Owerri; Area Commander Karu, Nasarawa state; Commander Switch Operation Switch, Portharcourt; Deputy Commissioner Finance and Admin Edo State Command, DCP, state CID, Osun State and Commissioner of Police Operations, Communication, Force Headquarters, Abuja.

The Commission also approved the appointment of Commissioners of Police for Oyo and Enugu State Commands. CP Ademola Johnson, Principal Staff Officer to the Inspector General of Police was appointed CP Oyo State. He was also a former Deputy Commissioner of Police Delta State Command. CP Mamman Bitrus Giwa was appointed CP, Enugu State to take over from newly promoted AIG Kanayo Uzuegbu. CP Giwa was former DCP Operations Kaduna and Imo State Commands; ACP Police Mobile Force, Force Headquarters Abuja; and CSP A, Commissioner of Police Mobile Force, Force Headquarters among other postings in the Police Mobile Force.

The Commission also approved the promotion of eight Chief Superintendents of Police to the next rank of Assistant Commissioners of Police. They are Abdullahi Kamba Usman; Sani Abdu; Ifeanyi Owo; Vincent Orole; Elisha Atikinkpan and Margaret Okonkwo. Others are Alhasan Aliyu Guga and Imo Owinizi Ezekiel.

The newly promoted senior Police Officers were subjected to Written examinations and interactive oral interview.

The Chairman of the Commission, DIG Hashimu Argungu rtd mni, presided over the sessions with Justice Paul Adamu Galumje, Justice of the Supreme Court rtd and Honourable Commissioner representing the Judiciary in the Commission; DIG Taiwo Lakanu rtd fdc, Honourable Commissioner representing the Police and Chief Onyemuchi Nnamani, Secretary to the Commission in attendance.