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NGF Backs Tinubu on Direct Federation Account Remittance

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By Tony Obiechina, Abuja

The Nigeria Governors’ Forum (NGF), under the chairmanship of AbdulRahman AbdulRazaq, has expressed strong support for reforms requiring oil and gas revenue entitlements to be remitted directly into the Federation Account, describing the move as critical to strengthening fiscal transparency, predictability, and constitutional alignment across all tiers of government.

The NGF said in a statement by Yunusa Tanko Abdullahi

Director, Media and Strategic Communications on Monday that the Executive Order 9, signed by President Bola Ahmed Tinubu on 13 February 2026, which directs the realignment of oil and gas revenue flows with constitutional provisions and clarifies regulatory responsibilities within the petroleum sector.

“The Forum’s interest lies in the extent to which reforms enhance the transparency, predictability, and constitutional alignment of Federation Account inflows across all tiers of government.

“In this regard, the Forum recognises that the Executive Order requires government entitlements under production-sharing and related contracts, including royalty oil, tax oil, profit oil, and profit gas, to flow directly into the Federation Account, while strengthening the delineation of regulatory mandates across the sector.

“As a non-partisan body representing the 36 State Governors of the Federation, the NGF underscores that the integrity and predictability of Federation Account inflows are foundational to Nigeria’s fiscal federalism. Oil and gas revenues remain a central component of the distributable national income.

“The clarity, transparency, and predictability of those inflows directly affect capital planning, debt sustainability, infrastructure delivery, and public service provision at the federal, state, and local government levels.

Recent Federation Account Allocation Committee (FAAC) communiqués have consistently demonstrated a gap between gross revenue collections and final distributable sums. For subnational governments, it is the latter that determines fiscal capacity.

“When remittance pathways are layered, complex, or difficult to reconcile, fiscal predictability weakens, and that directly affects capital planning cycles across the Federation at federal, state, and local government levels.

Nigeria’s population now exceeds 220 million and continues to grow rapidly. States sit at the frontline of delivering education, primary healthcare, infrastructure, security architecture, and economic opportunity to this expanding population. Predictable revenue flows strengthen the ability of states to meet these obligations responsibly.

Commenting on the development, the Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, His Excellency AbdulRahman AbdulRazaq, stated.

“The Federation Account is the backbone of Nigeria’s intergovernmental fiscal system. Structural clarity in the remittance of nationally owned resources strengthens fiscal stability across all tiers of government. Predictability improves planning. Planning improves delivery. The Governors’ Forum supports reforms that enhance transparency, reinforce constitutional alignment, and strengthen the collective capacity of governments to meet the needs of our growing population.”

The Forum reiterates that reforms which strengthen fiscal coherence and reinforce the constitutional framework underpinning resource ownership ultimately benefit the entire Federation. Sustainable economic growth requires strong institutions, disciplined revenue management, and alignment between policy intent and operational execution.

“The Nigeria Governors’ Forum remains committed to collaborative engagement with the Federal Government and other stakeholders to ensure that fiscal reforms translate into improved development outcomes for Nigerians”, the statement added.

NEWS

Nasarawa Varsity Partner Vocational Institute to Train 500 Furniture Artisans

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Nasarawa State University, Keffi and Prince Interior Vocational Institute have taken a significant step toward strengthening entrepreneurship and practical skills development among its students aimed at training professional furniture artisans.

The collaboration, formalised through a Memorandum of Understanding (MOU), is expected to produce over 500 furniture artisans within two years.

In her remarks during the signing of the MoU, the Vice-Chancellor of the university, Prof.

Sa’adatu Liman said that the collaboration was one of the criteria for TETFUND guidelines in entrepreneurial development output.

Liman commended the company for finding the institution a worthy and reliable partner for the entrepreneurial and vocational project.

According to her, the partnership will be beneficial to the entire university community.

Earlier, the Director of the university Entrepreneurship Development Centre (EDC), Prof. Rashidah Olanrewaju, said the university students will benefit from about 50 different skills in the EDC.

She appreciated the company for the partnership and wished the partners a successful and fruitful collaboration.

The Chief Executive Officer, Prince Interior Vocational Institute, Emeka Owgueke explained that the programme targets the establishment of a medium-scale furniture workshop on campus.

He said that the workshop will be equipped with the basic machines to sustain production and reduce the university’s overhead costs on furniture procurement.

According to Owgueke, the partnership represents a shared vision to create opportunities for young Nigerians to acquire marketable skills and build sustainable businesses within the furniture and interior design industry.

He explained that participants in the programme will be exposed to the entire furniture production value chain, including raw material sourcing, product manufacturing, finishing, branding, marketing, and distribution.

He said under the agreement, students of the university will receive hands-on training in furniture making, interior product design, and business development.

” Under the agreement, university students will be enrolled at Prince Interior Vocational Institute to acquire hands-on, certified training in furniture making, interior product design, and business development.

He commended the leadership of the University for recognising the importance of vocational education and enterprise development in addressing youth unemployment and building a resilient local economy.

“We are deeply grateful to Prof. Sa’adatu Liman and the leadership of the Nasarawa State University for recognising our uniqueness and extending this incredible opportunity to us.

” This partnership is more than an academic arrangement — it is a shared commitment to opening doors for more young Nigerians to boldly step into their career journey, whether from scratch, brushing up existing skills, or upgrading to the next level in the interior and design space.”

 Students gain profitability-focused mentorship covering production, pricing, branding, and distribution of furniture goods.

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Foreign News

Pope Leo Calls for Ceasefire in Middle East War

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Pope Leo calls for a ceasefire and denounces “horrific violence” in the Middle East

Pope Leo XIV has called for a ceasefire in the Middle East conflict as Israel and Iran continue to trade blows and the death toll across the region mounts.

“On behalf of the Christians of the Middle East and all women and men of good will, I appeal to those responsible for this conflict: cease fire,” Leo said today after the Sunday Angelus prayer in Vatican City.

The first American pontiff said people in the region have been “suffering the horrific violence of war” for the past two weeks since the conflict broke out.

“Thousands of innocent people have been killed and many more forced to flee their homes. I once again offer my prayers to all those who have lost loved ones in the attacks that have struck schools, hospitals and residential areas,” he said.

Leo added that “violence can never lead to the justice, stability and peace that the people are waiting for.”

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NEWS

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FAAC Shares N1.894trn Feb Revenue to FG, States, LGCs

By Tony Obiechina, Abuja

A total sum of N1.894 trillion, being February 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.

The revenue was shared at the March 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja, according to a statement by Bawa Mokwa, Director of Press and Public Relations at the weekend.

The N1.894 trillion total distributable revenue comprised distributable statutory revenue of N1.274 trillion, distributable Value Added Tax (VAT) revenue of N619.119 billion.

A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2.230 trillion was available in the month of February 2026. Total deduction for cost of collection was N77.302 billion while total transfers, refunds and savings was N259.078 billion.   

According to the communiqué, gross statutory revenue of N1.561 trillion was received for the month of February 2026. This was lower than the sum of N1.957 trillion received in the preceding month by N395.138 billion. 

Gross revenue of N668.450 billion was available from the Value Added Tax (VAT) in February 2026. This was lower than the N1.083 trillion available in the month of January 2026 by N414.710 billion.  

The communiqué stated that from the N1.894 trillion total distributable revenue, the Federal Government received a total sum of N675.088 billion and the State Governments received a total sum of N651,525 billion.

The Local government Council received N456.467 billion, while the sum of N110.949 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.

On the N1.274 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N613.174 billion and the State Governments received N311,010 billion.

The Local Government Councils received N239.776 billion and the sum of N110.949 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

From the N619.119 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N61.912 billion, the State Governments received N340.515 billion and the Local Government Councils received N216.692 billion.

In February 2026, Oil and Gas Royalty and Excise Duty increased significantly while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), CGT and SDT and Value Added Tax (VAT) decreased substantially.

Import Duty and CET increased marginally

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