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FAAC shares N1.578tr to federal, states, councils for March 2025

Monthly disbursements to the federal, states and local government areas dropped for the third consecutive time yesterday. The Federation Account Allocation Committee (FAAC) shared N1.58 trillion to the three tiers for March
The committee announced N2. 411 trillion as the total revenue generated in March at its April meeting in Abuja yesterday.
The total distributable revenue comprised N931.325 billion from statutory sources, N593.750 billion from Value Added Tax (VAT), N24.971 billion from the Electronic Money Transfer Levy (EMTL) and N28.711 billion from Exchange Difference revenue.
According to the communiqué issued by FAAC, the gross revenue available for March stood at N2.411 trillion. The deductions for cost of collection stood N85.376 billion, while N747.180 billion went to transfers, interventions and refunds accounted consumed.
Despite the lower net revenue available for distribution, the March statutory revenue of N1.718 trillion showed an increase of N65.422 billion over the N1.653 trillion received in February.
However, revenue from Value Added Tax (VAT) dropped to N637.618 billion last month from the February figure of N654.456 billion – a decrease of N16.838 billion.
From the total distributable sum of N1.578 trillion, the federal government received N528.696 billion; states collectively got N530.448 billion, while the 774 local government areas received N387.002 billion. Additionally, N132.611 billion – representing 13 per cent of mineral revenue – was allocated to oil-producing states as derivation revenue.
The breakdown of the N931.325 billion statutory revenue shows that the federal government took N422.485 billion, the states got N214.290 billion and N165.209 billion shared to the councils. The oil-producing states received N129.341 billion from this component as derivation revenue.
From the VAT pool of N593.750 billion, the federal government got N89.063 billion, states got N296.875 billion and the local government areas got N207.813 billion.
For the EMTL revenue of N24.971 billion, the federal government took N3.746 billion, states received N12.485 billion and local government areas went home with N8.740 billion.
In the case of Exchange Difference revenue of N28.711 billion, the federal government received N13.402 billion, states N6.798 billion and local government areas was allocated N5.241 billion. A further N3.270 billion from this revenue was distributed as 13 per cent derivation to oil-producing states.
A deeper look into the revenue trends shows that while Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) increased significantly during the month under review, several other key sources witnessed declines.
These include Oil and Gas royalty, EMTL, VAT, Excise Duty, Import Duty, and Common External Tariff (CET) Levies.
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Rivers State is yet to fully stabilise– Ibas

The Sole Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ibas has revealed that there is relative stability in the State, but that the State is still fragile.
The Sole Administrator revealed this in Abuja on Friday when appeared before the House of Representatives Ad hoc Committee on Rivers State.
The Committee had invited the Sole Administrator for a proper briefing on developments in Rivers State, following the suspension of the State Governor, Siminalayi Fubara by President Bola Tinubu.
Speaking when he appeared before the ad-hoc committee, Ibas requested for more time to properly brief the committee on developments in the State.
Ibas, apologisesd for his inability to attend earlier engagements, explained that the absence was not out of disregard, but rather due to the weighty and urgent demands of stabilising governance in Rivers.
“I have always held the National Assembly in the highest regard. I recognise the importance of your oversight responsibilities and your interest in the progress being made in Rivers, which is presently relatively calm, but still fragile,” Ibas said.
He went further to say: “That said, I only request your understanding and the indulgence of this committee to grant me additional time to adequately prepare and present a comprehensive and constructive briefing.
“Given the complexities and sensitivities surrounding the current transitional period in Rivers. It is important that any engagement with this committee is done with the depth, accuracy and clarity it rightfully deserves.
“I remain fully committed to cooperating with the committee and to ensuring that all relevant information is made available in due course to support your important work.
“I only request the understanding and the indulgence of this committee to grant me additional time to adequately prepare and present a comprehensive and constructive briefing given the complexities and sensitivities surrounding the current transitional period in Rivers.
“It is important that any engagement with this committee is done with the depth, accuracy and clarity it rightfully deserves.
“I remain fully committed to cooperating with the committee and to ensuring that all relevant information is made available in due course to support your important work,” he said.
Meanwhile, addressing newsmen after a close door meeting, the Chairman of the Committee, Rep. Julius Ihonvbere (APC-Edo) said that the committee resolved to give a new date to the sole administrator.
Ihonvbere, underscored the constitutional role of the National Assembly in legitimising and overseeing the state of emergency declared in Rivers.
According to the chairman, the federal legislature remains central to the state’s transitional process.
Ihonvbere reaffirmed the committee’s constitutional mandate and expressed satisfaction that the administrator had finally honored the invitation after earlier delays.
He emphasised that the committee’s mandate was rooted in constitutional authority and that some of its terms had already been communicated to the administrator in an earlier letter.
The chairman encouraged the administrator to feel at ease, stressing that the committee members had been carefully selected to ensure broad representation across geopolitical zones and legislative experience.
“I want you to feel relaxed because the members you see here were carefully selected based on zonal representation and membership of the House to advance the progress that Rivers needs to make in order to be part and parcel of the holistic structure of democracy that Nigeria represents today.
“We have demonstrated again and again our preparedness to do this job efficiently and effectively,” he assured.
News
Why we shut down MTN operation in Kogi owing to non compliance – Govt

The Kogi State Utility Infrastructure Management and Compliance Agency, (KUIMCA) has explained the reasons behind the disruption in the service mobile Telecom giant, MTN in the state, pointing out that MTN owing to non compliance.
The Telecom service has been experiencing a service distruption in the last two weeks and witnessed total shut down in the last one week.
The Director General of KUIMCA Director General, Dr Taofeeq Isah while speaking with journalists on Friday in Lokoja attributed the shut down to the failure of the Telecom company to comply fully with rules of operation as stipulated in the official gazette guiding their operation in the state.
“In my assumption of office last August, I went through their files and discovered that they have not fully complied with the rules guiding their operations in the state. I called them for a discussion where they complained of being overbilled concerning the area of the state covered by their optic fibre.
” I went with them for verification exercise to assess their claim which took about 4 days and we found out they were even covering more areas than they claimed.
“We asked they to go and make the necessary payment but MTN refused. That is why we sealed off their facilities after obtaining court order to do so so”.
The Director General called on the citizens of the state to be patient with them since their interest was being protected .
He said that since MTN is not the only network operating in the state, citizens as well as the security agencies to consider switching to other networks considering their importance in securing the lives and property of Citizens which should not be compromised under any circumstance.
Also speaking, the Executive Chairman, Kogi State Internal Revenue Service , Salihu Enehe said that MTN has arrogated to itself so much power that they have been refusing to respond to so many entrities asking for complainces on various termes of operations in the state.
The Chairman who was represented by a Director in the agency Hassana Salawu noted that
MTN has been indulging in violation of various rules not only the optic fibre right of way across the state but also and have violated every rules guiding their operations in the state.
“MTN claimed to have 48 optic fibres when audit revealed they have 199 fibres laid under the ground in the state. We have called for reconciliation meetings severally but they claimed not to be ready up till now”.
But in a swift reaction, the MTN spokesperson in the State, though will not want his name in print, confirmed that negotiations is on going, assured that the issues will soon be resolved.
News
Osun PDP Reps Dismiss Defection Claims, Pledge Support for Adeleke

By Gloria Ikibah
Eight out of the nine Peoples Democratic Party (PDP) members representing Osun State in the House of Representatives have firmly restated their loyalty to the party and Governor Nurudeen Ademola Adeleke, distancing themselves from recent defection claims.
Their stance follows public comments by Rep. Busayo Oluwole Oke, who recently exited the PDP and hinted that other members of the Osun caucus were poised to follow his lead.
In a joint statement released in Abuja on Friday, the lawmakers which include Reps Bamidele Salam, Ajilesoro Abimbola Taofeek, Mudashiru Lukman Alani, Akanni Clement Ademola, Omirin Emmanuel Olusanya, Adewale Moruf Adebayo, Adetunji Abidemi Olusoji, and Oladebo Lanre Omoleye—made it clear they remain committed to the PDP and its leadership in the state.
They described Oke’s exit as unsurprising, pointing to what they called his long-standing pattern of defiance, public criticism of the party, and antagonism towards the Adeleke-led government.
The lawmakers labelled his defection as an act of ingratitude, given the political opportunities the PDP had afforded him over the years, and cautioned him against spreading misleading narratives aimed at courting favour within his new political camp.
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