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FAAC: FG, 36 states, 774 LGCs share N1.678trn for February

The Federation Account Allocation Committee (FAAC) has shared a total sum of ₦1.678 trillion, representing the February 2025 Federation Account Revenue, to the Federal, State, and Local Governments.
The revenue was distributed at the March 2025 FAAC meeting held in Abuja, which was chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.
The meeting was attended by the Accountant General of the Federation, Shamseldeen Ogunjimi.
The total distributable revenue of ₦1.678 trillion comprised distributable statutory revenue of ₦827.633 billion, distributable Value Added Tax (VAT) revenue of ₦609.430 billion, Electronic Money Transfer Levy (EMTL) revenue of ₦35.171 billion, Solid Minerals revenue of ₦28.218 billion, and Augmentation of ₦178 billion.
According to a communiqué issued by the Federation Account Allocation Committee (FAAC), a total gross revenue of ₦2.344 trillion was available for the month of February 2025. The total deduction for cost of collection was ₦89.092 billion, while total transfers, interventions, refunds, and savings amounted to ₦577.097 billion.
The communiqué stated that gross statutory revenue of ₦1.653 trillion was received for the month of February 2025. This was lower than the ₦1.848 trillion received in January 2025 by ₦194.664 billion.
Gross revenue of ₦654.456 billion was available from VAT in February 2025, which was lower than the ₦771.886 billion available in January 2025 by ₦117.430 billion.
The communiqué also stated that from the total distributable revenue of ₦1.678 trillion, the Federal Government received ₦569.656 billion, the State Governments received ₦562.195 billion, and the Local Government Councils received ₦410.559 billion. Additionally, a total sum of ₦136.042 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
Bawa Mokwa, Director (Press and Public Relations), said in a statement that from the ₦827.633 billion distributable statutory revenue, the Federal Government received ₦366.262 billion, the State Governments received ₦185.773 billion, and the Local Government Councils received ₦143.223 billion. Furthermore, the sum of ₦132.374 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
From the ₦609.430 billion distributable VAT revenue, the Federal Government received ₦91.415 billion, the State Governments received ₦304.715 billion, and the Local Government Councils received ₦213.301 billion.
A total of ₦5.276 billion was received by the Federal Government from the ₦35.171 billion Electronic Money Transfer Levy (EMTL). The State Governments received ₦17.585 billion, and the Local Government Councils received ₦12.310 billion.
From the ₦28.218 billion Solid Minerals revenue, the Federal Government received ₦12.933 billion, and the State Governments received ₦6.560 billion. The Local Government Councils received ₦5.057 billion, and a total sum of ₦3.668 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
The Augmentation of ₦178 billion was shared as follows: the Federal Government received ₦93.770 billion, the State Governments received ₦47.562 billion, and the Local Government Councils received ₦36.668 billion.
In February 2025, Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) increased significantly, while Value Added Tax (VAT), Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Excise Duty, Import Duty, and CET Levies recorded decreases.
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Pope Francis finally laid to rest

Pope Francis was buried inside his favourite Rome church after a funeral mass in St Peter’s Square, the Vatican said on Saturday.
Francis who died on Monday aged 88, was laid to rest during a 30-minute ceremony which started at 1:00 pm (1100 GMT) at the Santa Maria Maggiore basilica in the Italian capital.
Footage shared by the Holy See showed cardinals marking his wooden and zinc coffin with red wax seals.
Cardinal Kevin Farrell, who as camerlengo is running the Vatican’s day-to-day affairs until a new pope is elected, sprinkled it with holy water after it was lowered into a tomb set inside an alcove.
A reproduction of the pectoral cross worn by Francis during his lifetime hung above it.
Francis had asked that the tomb, located near the altar of Saint Francis, be simple and unadorned, reflecting the humble spirit of his papacy.
The tombstone bears only the inscription “Franciscus” — the pope’s name in Latin.
Its marble is sourced from Liguria, the northwestern Italian region once home to the Argentine pontiff’s Italian ancestors.
Francis, born Jorge Bergoglio, had specified in his will the exact spot he wanted to be buried, in the side nave of the beloved fifth-century AD church.
The pontiff was devoted to the worship of the Virgin Mary and made a point of praying in Santa Maria Maggiore before leaving on trips abroad and upon his return to Rome.
He declared his desire to be entombed there in 2023.
Located in the heart of Rome, the basilica already holds the tombs of seven popes.
But the last one to be buried there was Clement IX in 1669. More recently, popes have usually been buried in St Peter’s Basilica.
One of four papal basilicas in Rome, Santa Maria Maggiore also holds the remains of several other renowned figures, such as the architect and sculptor Gian Lorenzo Bernini, who designed St Peter’s Square and its surrounding columns.
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Just in: Gunmen invade pro-Wike group in Bayelsa

Gunmen suspected to be hired political thugs disrupted a rally organised in support of Minister of the Federal Capital Territory, Nyesom Wike, on Saturday in Yenagoa, Bayelsa State.
The event, which also marked the inauguration of the NEW Associates group, was meant to thank President Bola Tinubu for appointing sons and daughters of Bayelsa into positions in his administration, while also showing support for Wike, who serves as the group’s grand patron.
Originally scheduled for April 12, the rally had been postponed to April 26 after another group, supporters of Governor Douye Diri, booked the same venue and date for their own rally.
Although both groups eventually rescheduled, tensions remained high.
Supporters of NEW Associates had gathered early at the Church of God Mission Camp, ready for the event, when armed men suddenly emerged from nearby creeks and bushes, firing gunshots into the air.
The crowd quickly scattered in fear, while security forces including the Nigeria Police, the Nigeria Security and Civil Defence Corps (NSCDC), and the Department of State Services (DSS) responded by pushing back the attackers and searching the surrounding area to prevent further violence.
After the incident, Comrade Ebilade Ekerefe, Secretary of NEW Associates and former spokesperson of the Ijaw Youths Council, accused the state government of trying to disrupt their peaceful gathering.
He insisted the rally would go on, stating that their intention was simply to express gratitude to the President and show solidarity, and questioned why anyone would feel threatened by such an event.
Similarly, Dr Pabara Igwele, the immediate past Commissioner of Health in Bayelsa, described the rally as peaceful and blamed the disruption on political motives.
He also vowed that the rally would continue despite the attack.
After the initial chaos, supporters regrouped to carry on with the event.
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Senator Manu Haruna Launches Quick Wins Training for Women and Youths in Taraba Central Senatorial District+Photos

Senator Manu Haruna of the Taraba Central Senatorial District on Saturday concluded a three-day Quick Wins Training program dedicated to empowering women and youths in the District .
The event took place in Jalingo, the capital city of Taraba State, in collaboration with the Maryam Babangida National Centre for Women Development.
The training initiative is aimed to equip participants with practical skills and knowledge that can foster economic independence and stimulate community development. This program is a reflection of Senator Haruna’s commitment to improving the socio-economic status of underrepresented groups within his constituency.
The event was attended by prominent leaders, including Hon. Veronica Alhassan, Member of the House of Assembly for Bali I Constituency, and Hon. Alhassan Hamman, who presented certificates to participants on behalf of Senator Manu Haruna.
The involvement of critical stakeholders underscored the importance of collaboration between government officials and community leaders in driving sustained progress in Taraba Central.
Among the distinguished attendees were Hon. Ubale Gambo, Hon. Bala Baba, Alhaji Muhammad Nagaggo, Alhaji Raubilu Umar, among others, all of whom are dedicated to fostering development within the region.
Senator Manu Haruna expressed his gratitude to the National Centre for Women Development and all partners involved in the initiative.
He stressed the transformative potential of empowering women and youths, noting the necessity for continued support and resources to ensure sustainable growth in Taraba State.
This Quick Wins Training is poised to have a long-lasting impact on participants, equipping them with essential skills to make valuable contributions to their communities and the broader economy of Taraba State. By investing in the future of these underprivileged groups, the program seeks to inspire change and promote self-sufficiency among the local populace.
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