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FG, States, LGs Share N2.103trn September 2025 Revenue – FAAC

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A total sum of N2.103 trillion, being September 2025 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.

The revenue was shared at the October 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The N2.103 trillion total distributable revenue comprised distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion, Electronic Money Transfer Levy (EMTL) revenue of N51.684 billion.

A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N3.054 trillion was available in the month of September 2025. Total deduction for cost of collection was N116.149 billion while total transfers, interventions, refunds and savings was N835.005 billion.

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According to the communiqué, gross statutory revenue of N2.128 trillion was received for the month of September 2025. This was lower than the sum of N2.838 trillion received in the month of August 2025 by N710.134 billion.

Gross revenue of N872.630 billion was available from the Value Added Tax (VAT) in September 2025. This was higher than the N722.619 billion available in the month of August 2025 by N150.011 billion.

The communiqué stated that from the N2.103 trillion total distributable revenue, the Federal Government received a total sum of N711.314 billion and the State Governments received a total sum of N727.170 billion.

The Local government Council received N529.954 billion, while the sum of N134.956 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.

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On the N1.239 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N581.672 billion and the State Governments received N295.032 billion.

The Local Government Councils received N227.457 billion and the sum of N134.956 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

From the N812.593 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N121.889 billion, the State Governments received N406.297 billion and the Local Government Councils received N284.408 billion.

A total sum of N7.753 billion was received by the Federal Government from the N51.684 billion Electronic Money Transfer Levy (EMTL), the State Governments received N25.842 billion and the Local Government Councils received N18.089 billion.

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In September 2025, Import Duty, Value Added Tax (VAT) and Electronic Money Transfer Levy (EMTL) increased significantly while Companies Income Tax (CIT) and CET Levies decreased considerably. Petroleum Profit Tax (PPT) increased Marginally while Oil and Gas Royalty and Excise Duty recorded marginal decreases.

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Nigeria-UK Pledge Stronger Ties After High-Level Talks in London

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By Gloria Ikibah

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has met with the British Foreign Secretary in London to discuss new strategies for strengthening cooperation between the two nations.

The meeting, which was held at the Foreign, Commonwealth and Development Office (FCDO), centred on key issues such as trade, investment, security, education, migration, and climate action.

Both sides reviewed progress in existing partnerships and explored opportunities for deeper collaboration in areas that directly impact citizens.

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Ambassador Tuggar described the discussions as productive, emphasising that they reaffirmed the long-standing friendship and shared democratic values that underpin Nigeria–UK relations.

The talks also addressed global and regional developments, including defence cooperation and governance reforms, while highlighting the contributions of the Nigerian diaspora to the UK social and economic life.

Both countries agreed to sustain regular diplomatic dialogue and ensure swift implementation of commitments made during the meeting.

Ambassador Tuggar’s visit forms part of Nigeria’s broader diplomatic effort to enhance strategic partnerships, attract investment, and position the country as a key player in global development and cooperation.

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Tinubu To Sign Landmark Digital Economy Bill Into Law – Bosun Tijani

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President Bola Tinubu is expected to sign the National Digital Economy and E-Governance Bill 2025 into law before month end.

This is according to the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, during a public hearing jointly organised by the Senate and House of Representatives committees on ICT and cybersecurity and Digital and Information technology today.

He indicated that Nigeria is poised to make history as the first African nation to enact a comprehensive law on digital economy and e-governance.

Tijani described the Bill as a transformative framework that will modernise governance, strengthen the digital economy and help unlock Nigeria’s pathway to a 1 trillion dollar economy.

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“This Bill is being awaited by President Bola Tinubu for assent this month, as it is one of the catalysts for achieving our 1 trillion dollar economic projection,” the minister said.

According to him, the digital economy contribution to Nigeria’s GDP has grown from 16 percent to 19 percent, with projections to reach 21 percent by 2027.

The bill he explained, establishes a comprehensive legal and institutional framework for electronic communications, digital signatures, artificial intelligence (AI) governance, cybersecurity and digital literacy.

He stressed that the Tinubu administration is focused on long-term digital reforms not short-term solutions.

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“Together with the National Assembly, we are deploying 90,000 kilometres of fibre-optic network to connect every geopolitical zone, state and local government with world-class internet access.

“Beyond this, we are addressing the needs of over 20 million unconnected Nigerians by deploying nearly 4,000 new communication towers in underserved communities,” Tijani said.

The bill also proposes the creation of a National Data Exchange System to facilitate secure data sharing among government ministries, departments and agencies (MDAs) and between the public and private sectors, further outlining a framework for ethical AI adoption, aimed at boosting productivity and competitiveness across industries.

“In strengthening this Bill, we are shaping the future of generations yet unborn. The generation that liberalised our telecoms sector in 1999 laid the foundation for today’s growth. Now, we take the next bold step to expand our economy through technology and innovation,” he said.

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Meanwhile, Chairman of the Senate Committee on ICT and Cybersecurity, Senator Shuaib Afolabi Salisu, described the bill as a milestone in Nigeria’s digital governance journey, noting that it would provide legal recognition for electronic communications, records and contracts while mandating all public institutions to digitise their operations

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Anambra 2025: APC running mate Ekwunife congratulates Soludo

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Senator Uche Ekwunife, the All Progressives Congress deputy governorship candidate in the recently concluded Anambra State election, has congratulated Governor Chukwuma Soludo on his victory in the November 8 poll.

Senator Ekwunife also expressed appreciation to her supporters for their commitment to the party during the electioneering period.

“I extend my warm congratulations to His Excellency, Prof. Charles Chukwuma Soludo CFR, on his re-election for a second term. I sincerely wish him success in leading Anambra to greater heights. When Anambra succeeds, we all succeed. I encourage all stakeholders to work together to build a stronger, more prosperous state,” she said.

She further thanked her campaign team and supporters, acknowledging their dedication, time, and prayers, which she described as the foundation of the party’s campaign.

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“Though the election outcome was not what we had hoped for, I am proud of the effort that Prince Dr. Nicholas Ukachukwu and I put into this race. I am humbled by the outpouring of support from young people, mothers, and everyone who shared our vision,” Ekwunife added.

She concluded by urging all parties to support initiatives that promote peace, progress, and unity in Anambra State, emphasizing that the state’s interests must remain the top priority.

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