NEWS
FAAC: FG, States, LGCs Share N1.203trn August, 2024 Revenue
By Tony Obiechina, Abuja
A total sum of N 1.203 trillion August 2024 Federation Accounts Revenue has been shared to the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the September 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja.
The N1.203 trillion total distributable revenue comprised distributable statutory revenue of N186. 636 billion, distributable Value Added Tax (VAT) revenue of N533. 895 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.017 billion and Exchange Difference revenue of N468.245 billion. A communiqué issued by the Federation Accounts Allocation Committee (FAAC) indicated that total revenue of N2.278 trillion was available in the month of August 2024. Total deduction for cost of collection was N81.975 billion while total transfers, interventions and refunds was N992.617 billion. According to the communiqué, gross statutory revenue of N1.221 trillion was received for the month of August 2024. This was lower than the sum of N1.387 trillion received in the month of July 2024 by N165.994 billion. Gross revenue of N573.341 billion was available from the Value Added Tax (VAT) in August 2024. This was lower than the N625.329 billion available in the month of July 2024 by N51.988 billion. The communiqué stated that from the N1.203 trillion total distributable revenue, the Federal Government received total sum of N374.925 billion and the State Governments received total sum of N422.861 billion. The Local Government Councils received total sum of N306.533 billion and a total sum of N99.474 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue. On the N186.636 billion distributable statutory revenue, the communiqué stated that the Federal Government received N71.624 billion and the State Governments received N36.329 billion. The Local Government Councils received N28.008 billion and the sum of N50.675 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue. From the N533.895 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N80.084 billion, the State Governments received N266.948 billion and the Local Government Councils received N186.863 billion A total sum of N2.252 billion was received by the Federal Government from the N15.017 billion Electronic Money Transfer Levy (EMTL). The State Governments received N7.509 billion and the Local Government Councils received N5.256 billion.From the N468.245 billion Exchange Difference revenue, the communiqué stated that the Federal Government received N220.964 billion and the State Governments received N112.076 billion. The Local Government Councils received N86.406 billion, while the sum of N48.799 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue. In August 2024, Oil and Gas Royalty, Petroleum Profit Tax (PPT), Value Added Tax (VAT), Import and Excise Duties, Electronic Money Transfer Levy (EMTL), CET Levies and Companies Income Tax (CIT) all recorded decreases. The balance in the ECA was $473,754.57
By Nasir Dambatta
Governor Uba Sani has once again underscored his commitment to fostering unity among Kaduna’s diverse religious communities, attending both the 2024 Kaduna Unity Christmas Carol and a Maulud celebration in Zaria within the same week.On December 21, the Governor graced The 2024 Kaduna Unity Christmas Carol at ECWA Goodnews Church, Narayi Highcost, an event organized by the Christian Association of Nigeria (CAN), Kaduna Chapter.
The Carol, an annual tradition, brought together Christians from across the state in a celebration of joy, love, and togetherness. Governor Sani’s presence at the event highlighted his inclusive leadership and his efforts to strengthen interfaith harmony in a state known for its rich religious diversity.Shortly after, on December 22, Governor Sani attended a Maulud celebration in Zaria, organized by the Fityanul Islam group. Maulud, which commemorates the birth of the Prophet Muhammad (PBUH), is a time for reflection, prayer, and communal unity. The gathering in Zaria was attended by numerous dignitaries and religious scholars who reflected on the Prophet’s teachings of compassion, tolerance, and peace—values that resonate deeply with the Governor’s vision for Kaduna.Observers said the Governor’s presence at both events was a powerful reminder of his dedication to fostering peaceful coexistence between Muslims and Christians in the state. “Through these actions, Governor Uba Sani is leading by example, demonstrating that religious celebrations and dialogue can serve as a foundation for a united, progressive society.”, one of the observers said.
Federal Capital Territory (FCT) Minister, Nyesom Wike has directed government hospitals to provide free treatment to the people that sustained injuries during a stampede at the Holy Trinity Catholic Church in Maitama, Abuja.Wike gave the directive in a statement signed by his Senior Special Assistant on Public Communications and New Media, Mr Lere Olayinka, in Abuja on Saturday.
No fewer than 10 people including children lost their lives while 10 others sustained injuries to the stampede, during the distribution of food items to less privileged and the elderly by the church. The sad incident occurred around 6:30 a.m on Saturday.Wike said that the FCT Administration would ensure that the injured received adequate medical attention.The minister, who commiserated with the victims, also directed that henceforth, police permission should be obtained by individuals or organizations planning public distribution of palliatives, either food items or cash.Describing the incident as “painful”, Wike prayed for the repose of the souls of the lives that were lost and fortitude for their families to bear the irreparable loss.He commended the Police and other security agencies for their prompt intervention, saying, “the promptness in which security agencies responded to the incident was commendable.”In a related development, the FCT Emergency Management Department (FEMD), equally commiserated with the victims of the stampede.The acting Director General of the department, Mr Abdulrahman Mohammed, in a statement said that nine out of the 10 injured persons earlier taken to Maitama District Hospital, have been treated and discharged.Mohammed also appealed to organisations that intended to give out food items to the less privileged to involve security agencies or FEMD for adequate planning to ensure safety of beneficiaries.He also advised the use of coupons and segregation of the beneficiaries into groups to avoid crowd and rowdiness that could lead to stampedes.Similarly, the Police Command in the FCT has ordered organisations, religious bodies, groups, or individuals to notify the police when planning public events, charitable activities, or large gatherings in the territory.In a statement by the Police Public Relations Officer in the FCT, SP Josephine Adeh, said that the notification was to enable the police to deploy adequate security measures for public safety.According to her, failure to comply with the directive will result in the organisers being held liable for any incident or loss of life resulting from negligenceMeanwhile, the Nigeria Police Force has issued a warning against the unorganised distribution of palliatives and funfairs, which have led to stampedes and fatalities among vulnerable citizens.The Force Public Relations Officer, ACP Olumuyiwa Adejobi, gave the warning during a media briefing on Saturday in Abuja.Adejobi explained that the warning came in response to the increasing number of stampedes resulting in injuries and deaths, particularly during palliative distributions. (NAN)
The Nigerian Defence Academy (NDA), says it has recorded a lot of successes in military training and academic activities in 2024.
The Commandant of NDA, Maj.-Gen. John Ochai, said this at the Nigerian Defence Academy Social Activities (NDASA), held at the headquarters of the academy Afaka on Friday in Kaduna.
Ochai said the essence of NDASA was to end training activities of the year.
He said the 2024 NDASA was unique because the academy marked 60 years of existence from 1964-2024.
Also of significance, Ochai said, NDA had passed out the largest number of officers commissioned into the Armed Forces of Nigeria in 2024.
Equally, he said, in the same year (2024), the academy had the largest number of officers trained outside the country.
He emphasised that the NDA does not only train leaders for the Nigerian Armed Forces, but those for the Nigerian nation and humanity at large.
“After five years of training, we imbibe in officers leadership qualities that are everlasting.
”The traditions, ethos, characters that we instill in our cadets follow them forever and become very useful in all spheres of human endeavors,” Ochai said.
Mr Martins Amaram, Country Security Manager, Nigeria Breweries, PLC , who was the Special Guest of Honour, said the event fostered unity, cultural awareness and comradeship among the cadets and the larger community.
Amaram said, “The academy has always been a beacon of excellence in producing military leaders for integrity, resilience and capacity to face in a dynamic and complex world .
“Beyond academics and military training the academy still values cultural respect and social engagement, recognising the diversity of our great country. Nigeria.”
He commended NDA for creating the platform where cadets can appreciate the rich cultures and build bonds that transit borders.
Amaram added, “The Armed Forces of Nigeria are playing a critical role in ensuring the stability and progress of our nation. “
He urged the academy to continue to record more successes in its mission of excellence and service to the nation.
Report says that awards were given to deserving soldiers who distinguished themselves in 2024.
report says that 22 soldiers were decorated from Warrant Officer(WO) to Master Warrant Officers(MWO). (NAN)
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