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

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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.

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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.

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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.

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These include Oil and Gas royalty, EMTL, VAT, Excise Duty, Import Duty, and Common External Tariff (CET) Levies.

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Newly-Wed, Others Rendered Homeless As Windstorm Destroys 300 Houses In Katsina

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No fewer than 300 houses were destroyed, and properties worth millions of Naira were lost following a heavy windstorm and downpour in some communities in Katsina State.

The incident, which lasted for about fifteen minutes on Wednesday evening after Asr prayers, saw roofs and rafters flying through the sky.

Among the areas affected are Sabuwar Unguwar Modoji Gabas, Shinkafi, and Kukar-Gesa areas as well as Ambassador Quarters and some parts of Jibia Local Government Area (LGA) among others.

Residents Seek Help

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Many residents, including a newlywed couple, were rendered homeless following the havoc.

Some of the victims described the incident as a test from God. They, however, asked the Katsina State Government and others to assist them amidst the lingering economic hardship.

Maryam Muhammad

One of the victims, Maryam Muhammad, said, “During the incident, I was just sitting inside the room and I eventually noticed that the only room I had was completely down, resulting in dislocation of my leg and hand bone.”

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“Thank God all my children were at Islamiyya school then. We seek Divine and government interventions because I struggled hard and used all my property to raise this destroyed single room,” she said.

Another victim, Mubarak Rabi’u, re-echoed a similar sentiment, calling on the government to come to their aid.

“We are calling on our good government to look into our critical condition to assist us,” he said.

“Although we received this destiny in good faith, as I am speaking, we don’t know where our families will be heading, now that we are living from hand to mouth.”

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Ward Head, Sabuwar Unguwar Modoji Area, Aminu Jafaru.

In the meantime, the Ward Head of Sabuwar Unguwar Modoji Gabas, Aminu Jafaru, has urged the Katsina State Government and the State Emergency Management Agency (SEMA) to as a matter of urgency send delegation to assess the level of damage in the area with a view to assist the victims.

“It was a heavy windstorm accompanied by rain which within fifteen minutes, several Houses completely destroyed. We are calling on government and well to do individuals to please come to our aid in this community otherwise many house occupants will become homeless.

“We are indeed in dire need of your kind support, please. We want the state Governor, Malam Dikko Umaru Radda, if he comes across this request, to please send a delegation to assess the level of damage here in our community,” Jafaru added.

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BREAKING: PDP, NNPP Rep members abandon parties, lace boots with APC

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Three opposition members of the House of Representatives on Thursday formally announced their defection to the ruling All Progressives Congress (APC) during plenary.

The Reps include Oluwole Oke from Osun State, who left the Peoples Democratic Party (PDP), and Kabiru Hassan Rumrum and Sani Abdullahi, both from Kano State, who defected from the New Nigeria Peoples Party (NNPP) to the APC.

Rumrum had earlier declared his resignation from the NNPP and his return to the APC during a meeting with the party’s National Chairman, Dr. Abdullahi Umar Ganduje.

Also, Oke had earlier announced his departure from the PDP in Osun State and his decision to join the APC.

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Their defections were formally announced by Speaker Abbas Tajudeen at Thursday’s plenary, increasing the total number of lawmakers who have switched parties since the inauguration of the 10th National Assembly to 30.

Of the 30 defectors, 27 have joined the APC from the PDP, Labour Party, African Democratic Congress (ADC), and the NNPP.

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FG to Seal Ijora-Marine Bridge for 21 Days Over Urgent Repairs

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By Kayode Sanni-Arewa

The Federal Government has announced the temporary closure of the Ijora-Marine Bridge in Lagos for 21 days beginning Sunday, May 18, to allow for urgent repair works.

The Federal Controller of Works in Lagos, Mrs. Olukorede Kesha, disclosed this in a statement on Tuesday, noting that the closure will commence at 7:00 a.m. on Sunday.

According to the statement, sections of the bridge will be completely shut down, while others will experience partial closures throughout the repair period.

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The maintenance works will include lifting the bridge deck to replace worn-out bearings, alongside other critical structural repairs,” Kesha said.

She explained that the repair project is aimed at ensuring the safety and comfort of both motorists and pedestrians who rely on the bridge.

“We understand the inconvenience this may cause, but this is a necessary step to keep the bridge in good condition and ensure the safety of all road users,” she said.

Kesha assured that traffic diversions had been carefully planned, with traffic officers deployed to manage flow and provide guidance to motorists.

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She urged commuters, residents, and businesses in the area to adjust their schedules accordingly and cooperate with authorities during the repair period.

“Safety signs and traffic management tools will be put in place to minimize disruption. We sincerely apologise for the inconvenience and thank the public for their patience,” she added.

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