NEWS
FAAC Shares N696.965Bn August 2021 Revenue to FG, States, LGCs

By Tony Obiechina, Abuja
The Federation Accounts Allocation Committee (FAAC) has shared a total of N696.965 billion August 2021 Federation Account Revenue to the Federal, States and Local Governments Councils.
This was contained in a communiqué issued at the end of the virtual meeting of the Federation Account Allocation Committee (FAAC) for September 2021.
The N696. 965 billion total distributable revenue comprised distributable statutory revenue of N477.504 billion; distributable Value Added Tax (VAT) revenue of N166.228 billion, Exchange Gain of N2.830 billion, Excess Bank Charges Recovered of N0.403 billion and N50 billion from Non-Oil revenue.
In August 2021, the sum of N72.295 billion was the total deductions for cost of collection, statutory transfers and refunds. The balance in the Excess Crude Account (ECA) was $60.857 million.
The communiqué confirmed that from the total distributable revenue of N696.965 billion, the Federal Government received N289.257 billion, the State Governments received N217.183 billion, and the Local Government Councils received N161.541 billion. The sum of N28.984 billion was shared to the relevant States as 13% derivation revenue.
The distributable statutory revenue of N477.504 billion was available for the month. From this, the Federal Government received N236.437 billion, the State Governments received N119.924 billion and the Local Government Councils received N92.456 billion. The sum of N28.687 billion was given to the relevant States as 13% derivation revenue.
In the month of August 2021, the gross revenue available from the Value Added Tax (VAT) was N178.509 billion. This was higher than the N151.134 billion available in the month of July by N27.375billion. The sum of N5.141 billion allocation to NEDC and N7.140 billion cost of revenue collection were deducted from the N178.509 billion gross Value Added Tax (VAT) revenue, resulting in the distributable Value Added Tax (VAT) revenue of N166.228billion.
From the N166.228 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N24.934 billion, the State Governments received N83.114 billion and the Local Government Councils received N58.180 billion.
The Federal Government received N1.334 billion from the Exchange Gain revenue of N2.830 billion. The State Governments receive N0.677 billion, the Local Government Councils received N0.522 billion and N0.297 billion was given to the relevant States as 13% derivation revenue. The Excess Bank Charges Recovered was N0.403 billion. The Federal Government received N0.212 billion, the State Governments received N0.108 billion, and the Local Government Councils received N0.083 billion.
From the N50 billion Non-Oil revenue, the Federal Government received N26.340 billion, the State Governments received N13.360 billion, and the Local Government Councils received N10.300 billion.
According to the Communiqué, in the month of August 2021, Value Added Tax (VAT) and Import Duty increased significantly, while Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Oil and Gas Royalties and Excise Duty recorded decreases.
NEWS
Tinubu Honors Buhari, Renames University of Maiduguri after Late President

By David Torough, Abuja
President Bola Tinubu has approved the renaming of the University of Maiduguri, Borno State as Muhammadu Buhari University.
“May we now adopt the University of Maduguri as the Muhammadu Buhari University,” Tinubu said at the close of a special session of the Federal Executive Council held to honour Buhari at the Aso Rock Villa, Abuja on Thursday.
The President paid a glowing tribute to Buhari, describing him as “a good man, a decent man, an honourable man” whose legacy of discipline, patriotism and moral uprightness would endure for generations.
Tinubu said although the late president was not without flaws, his unwavering commitment to national service set him apart.
“President Buhari was not a perfect man, no leader is, but he was, in every sense of the word, a good man, a decent man, an honourable man.
“His record will be debated, as all legacies are, but the character he brought to public life, the moral force he carried, the incorruptible standard he represented, will not be forgotten.
“His was a life lived in full service to Nigeria, and in fidelity to God,” he said.
Reflecting on Buhari’s time in office and his long military and civil service, Tinubu praised the late leader’s simplicity, humility, and stoic resistance to the trappings of power.
He said, “He stood, always, ramrod straight; unmoved by the temptation of power, unseduced by applause and unafraid of the loneliness that often visits those who do what is right, rather than what is popular.
“His was a quiet courage, a righteousness that never announced itself. His patriotism lived more in action than in words.”
Tinubu also recounted their political alliance, which culminated in the historic 2015 elections that marked Nigeria’s first democratic transfer of power from one ruling party to another.
“We stood together, he and I. Alongside others drawn from across the political spectrum, regions and tongues, we formed an alliance that enabled Nigeria to experience its first true democratic transfer of power from one ruling party to another.
“When he was sworn in as our party’s first elected President, he led with restraint, governed with dignity, and bore the burdens of leadership without complaint,” he said.
The President expressed admiration for Buhari’s post-office modesty, noting that he returned to his hometown, Daura, without seeking to wield influence behind the scenes.
“When his tenure ended, he returned to Daura; not to command from the shadows or to hold court, but to live as he always had, never seeking to impose his will but content to let others carry the nation forward.
“Even in death, he maintained the serenity that defined him in life: not a sigh, not a groan, just a quiet submission to the will of God. Such was the man Nigeria has lost. Such was the man for whom our nation now mourns,” he added.
Tinubu thanked the Inter-Ministerial Committee and Katsina State Governor, Dikko Radda, for organising a befitting state funeral within 48 hours, describing it as a “profound honour” to lead the burial procession in Daura.
He concluded his tribute with a prayer: “Mai Gaskiya, the People’s General, the Farmer President, your duty is done. May Almighty Allah forgive his shortcomings and grant him Aljannah Firdaus. May his life continue to inspire generations of Nigerians to serve with courage, conviction, and selflessness. President Buhari, thank you. Nigeria will remember you.”
Buhari died on Sunday, July 13, at the age of 82.
NEWS
C’River First Female NUJ Chairman Describes Tenure as Trial Period

The first female Chairman of the Nigeria Union of Journalists (NUJ) in Cross River, Archibong Bassey has said that her first tenure in office was a trial period.
Bassey, who was returned unopposed in council’s election, made the assertion in an interview on Thursday in Calabar.
The Bassey- led executive was first elected on 9th May 2025, to complete the tenure of Nsa Gill, who was then appointed as Chief Press Secretary to Gov.
Bassey Otu.The chairman, who thanked the members for keeping faith in her and her team, said that she would improve on her achievements while correcting any mistakes she might have made in her first tenure.
She pleaded that any member who she must have offended in the course of her leadership should forgive her as she was not perfect and called for unity among members.
“Let’s leave any form of rancour behind, I need all your support;push me from the back, support me as you can.
‘’Tell me your ideas of moving the council forward and not what someone told you about me; I am asking God for the spirit of humility and love, to enable me lead the council well.’’
Earlier in his goodwill message, Dr Erasmus Ekpang, Cross River’s Commissioner for Information, had commended the union’s unity in electing its new executives.
According to Ekpang, they will continue as a government to give the Cross River Council of NUJ what it needs and all the necessary support to enable it carry out its functions objectively.
“I want to thank you for your unity, it’s better to come unopposed, I believe one day, the Cross River Council will emerge as the best in the nation,” he said.
Other executive members who were returned unopposed are Mr Sunday Inah of the Cross River Broadcasting Corporation (CRBC) as Vice Chairman, Michael Abang of Business Day as Secretary.
Others are Kingsley Agim of the Cross River Ministry of Information as Assistant Secretary, Mrs Achiane Adams of the Ministry of Information, Treasurer, and Benedine Tete Anam of the Federal Radio Corporation of Nigeria (FRCN), Auditor.
NEWS
Gov Makinde Confered With Prestigious Chieftaincy Title of Aare Omoluabi of Akure Land by Akure Kingdom

The Akure Kingdom will today bestow a prestigious chieftaincy title, Aare Omoluabi of Akure Land, meaning President of the Respectable People, upon His Excellency, Governor Seyi Makinde of Oyo State.
The conferment ceremony, which will take place in Akure, Ondo State, marks a significant recognition of Governor Makinde’s exemplary leadership, integrity, and contributions to the advancement of Yoruba culture and national development.
The title, one of the highest honors in the Akure Kingdom, celebrates individuals who embody the virtues of respect, dignity, and service to humanity.
Governor Makinde’s conferment reflects his outstanding commitment to good governance, infrastructural development, and fostering unity across Nigeria.
The ceremony will be attended by traditional rulers, dignitaries, and government officials, underscoring the significance of this historic event.
This honor further strengthens the bond between Oyo and Ondo States, fostering mutual respect and cooperation for the progress of the Yoruba nation and Nigeria at large.