BREAKING; Federal Govt, states, LGAs share N2.35 trillion in August, highest ever
BREAKING; Federal Govt, states, LGAs share N2.35 trillion in August, highest ever
The Federal Government, states, and local Government Councils (LGs) have shared N2.25 trillion from the federation account as revenue for August.
The disbursement was made during theo Federation Account Allocation Committee (FAAC) meeting held in Abuja on Wednesday.
According to a communiqué issued by FAAC, the N2.25 trillion distributable revenue comprised N1.48 trillion statutory revenue and N672.90 billion Value Added Tax (VAT).
It also comprised N32.34 billion Electronic Money Transfer Levy (EMTL) and N41.28 billion from Exchange Difference.
The communiqué said that the total gross revenue available in August was N3.64 trillion.
“From this amount, N124.84 billion was deducted for collection costs, while N1.29 trillion was set aside for transfers, interventions, refunds, and savings,” it said.
It said that VAT revenue rose to N722.62 billion in August compared to N687.94 billion in July, showing an increase of N34.68 billion.
“From the N1.48 trillion statutory revenue, the Federal Government received N684.46 billion, state governments received N347.17 billion, and LGs received N267.65 billion.
“Oil-producing states got N179.31 billion as 13 per cent derivation revenue,” the communiqué said.
It said that out of the N672.90 billion VAT revenue, the Federal Government received N100.94 billion, state governments received N336.45 billion, and LGs received N235.52 billion.
“From the N32.34 billion EMTL revenue, the Federal Government received N4.85 billion, states got N16.17 billion, while local government councils received N11.32 billion.
“From the N41.28 billion Exchange Difference, the Federal Government received N19.80 billion, state governments received N10.04 billion, and the LGs received N7.74 billion.
“Oil-producing states got N3.70 billion as derivation revenue,” it said.
The communiqué further said that gross statutory revenue in August stood at N2.84 trillion, a drop of N231.91 billion compared to N3.07 trillion recorded in July.
It said that oil and gas royalties, VAT, and CET levies recorded increases, while revenues from Petroleum Profit Tax (PPT), Companies Income Tax (CIT), import duty, EMTL, and excise duty declined. (NAN)
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BREAKING ; Atiku’s Son dumps PDP defects to APC, vows to work for President Tinubu’s reelection
BREAKING ; Atiku’s Son dumps PDP defects to APC, vows to work for President Tinubu’s reelection
The Son of Abubakar Atiku Abubakar, former Vice President and 2023 Peoples Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar, dumped the PDP and pledged to work for President Bola Ahmed Tinubu’s re-election in 2027.
Abubakar, popularly known as Abba, formally announced his defection to the APC at the National Assembly, where he was received by the Deputy President of the Senate, Senator Barau Jibrin, with APC leaders from the North-East.
Party leaders described the move as a significant boost to the APC’s consolidation efforts ahead of the next general election, given Abba’s political network and grassroots organisation.
Announcing his resignation from the PDP, Abba said the decision was informed by his conviction in the leadership style of Senator Barau and the policies of the Tinubu administration.
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Eight persons killed, others injured in another fatal road accident
Eight persons killed, others injured in another fatal road accident
Eight persons died while three others were injured in a road traffic crash along the Potiskum–Dogon Kuka carriageway in Yobe.
The Yobe Sector Commander of the Federal Road Safety Corps (FRSC), Mr Andrew Longkam, confirmed the incident on Thursday.
He said the crash occurred around Gaggaba on the Potiskum–Dogon Kuka axis at about 12:40 hours.
“Preliminary reports from Dogon Kuka Unit Command show the incident was promptly reported to the corps,” Longkam said.
FRSC operatives arrived within five minutes, enabling swift rescue, evacuation of victims, traffic control, road clearance and prevention of secondary crashes.
The crash involved a white Howo trailer, registration DAL 963YY, and a white Mitsubishi Canter, registration NNR 437XA.
“Twelve adult males were involved, with eight fatalities and four rescued, including three injured and one unhurt,” he said.
The injured and deceased were taken to Government General Hospital, Dogon Kuka, where the injured received prompt medical attention.
Longkam said the FRSC tow truck cleared the obstruction, restored traffic flow and notified the Police Motor Traffic Division in Dogon Kuka.
“Preliminary findings indicate the Mitsubishi Canter, suspected to excessive speeding, committed a route violation and crashed into the trailer,” he said.
He said excessive speed and route violation were suspected causes, adding that investigations were ongoing to determine the exact circumstances.
The sector commander urged motorists to avoid speeding, route violations and unsafe practices, assuring continued enforcement, emergency response and public education across the state. (NAN)
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Atiku finally breaks silence after his Son defects to APC
Atiku finally breaks silence after his Son defects to APC
Former Vice President and Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has addressed his son Abba Abubakar’s decision to join the All Progressives Congress (APC), describing it as a personal choice.
In a statement posted on his X handle, Atiku said, “The decision of my son, Abba Abubakar, to join the APC is entirely personal. In a democracy, such choices are neither unusual nor alarming, even when family and politics intersect.”
He added, “As a democrat, I do not coerce my own children in matters of conscience, and I certainly will not coerce Nigerians.”
The former vice president also highlighted his concerns about the ruling party, saying, “What truly concerns me is the poor governance of the APC and the severe economic and social hardships it has imposed on our people.”
“ I remain resolute in working with like-minded patriots to restore good governance and offer Nigerians a credible alternative that brings relief, hope, and progress.”
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