FAAC declares increase in revenue, reveals amount to be shared between FG, States and LGs
FAAC declares increase in revenue, reveals amount to be shared between FG, States and LGs
The Federation Account Allocation Committee Committee (FAAC) has shared a total sum of N1.818 trillion, being June revenue to the Federal Government, states and the Local Government Councils (LGs).
This is according to a communiqué from FAAC made available by Bawa Mokwa, Director , Press and Public Relations, Office of the Accountant-General of the Federation (OAGF).
The revenue was shared at the July 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja on Friday night.
According to the communiqué, the N1.818 trillion total revenue comprised statutory revenue of N1.018 trillion, Value Added Tax (VAT) revenue of N631.507 billion and Electronic Money Transfer Levy (EMTL) of N29.165 billion.
It also comprised Exchange Difference revenue of N38.849 billion and N100 billion Augmentation from Non-Mineral revenue.
The communiqué indicated that total gross revenue of N4.232 trillion was available in June.
“Total deduction for cost of collection was N162.786 billion while total transfers, interventions, refunds and savings was N2.251 trillion.
“Gross statutory revenue of N3.485 trillion was received for the month of June. This was higher than the sum of N2.094 trillion received in the month of May by N1.39 trillion,” it said.
It said that gross revenue of N678.165 billion was available from VAT in June 2025, lower than the N742.820 billion available in the month of May by N64.655 billion.
The communiqué indicated that from the N1.818 trillion total distributable revenue, the Federal Government received total sum of N645.383 billion and the state governments received a total sum of N607.417 billion.
It said that the LGs received N444.853 billion, while the sum of N120.759 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.
On the N1.018 trllion statutory revenue, the communiqué said that the Federal Government received N474.455 billion and the state governments received N240.650 billion.
“The LGs received N185.531 billion, and the sum of N118.256 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.
“From the N631.507 billion VAT revenue, the Federal Government received N94.726 billion, the state governments received N315.754 billion and the LGs received N221.027 billion.
“A total sum of N4.375 billion was received by the Federal Government from the N29.165 billion EMTL. The state governments received N14.582 billion and the LGs received N10.208 billion,” it said.
It further said that from the N38.849 billion Exchange Difference revenue, the Federal Government received N19.147 billion and the state governments received N9.712 billion.
“The LGs received N7.487 billion, while the sum of N2.503 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.
The communiqué said that the Federal Government received a total sum of N52.680 billion, the state governments received N26,720 billion and the LGs received N20.600 billion from the N100 billion Augmentation.
“In June, Companies Income Tax, Petroleum Profit Tax and EMTL increased significantly while Oil and Gas Royalty, VAT, Import Duty, Excise Duty and CET Levies decreased considerably,” it said.(NAN)
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Government agency demolishes building used as kidnappers’ hideout
Government agency demolishes building used as kidnappers’ hideout
The Oyo State Government has demolished the three-bedroom bungalow where kidnappers held hostage Mrs Busayo Adelabu John-Paul and her twin sons in Ibadan.
Mrs Adelabu John-Paul and the twins, the younger sister and nephews of former Minister of Power, Chief Bayo Adelabu, were abducted at Elewura area of Ring Road in Ibadan on June 3.
The hostages were, however, rescued by the police on Saturday night at Lako Community, Ayegun Anaye area of Ibadan, during which two of the kidnappers were neutralised and others arrested.
The demolition exercise was carried out on Monday by a team led by the Commissioner for Works and Transport, Mr Abdulmojeed Mogbonjubola, accompanied by operatives of the Nigeria Police Force.
The commissioner said that the demoltion was part of efforts by the government to tackle kidnapping and other criminal activities in the state.
According to Mogbonjubola, the state government has also revoked the land from its owner in its commitment to ensure safety of lives and combat insecurity in the state.
He admonished landlords’ associations, housing agents and residents in the state to always be vigilant about their surrounding and tenants living in their areas.
The commissioner advised residents to alert security agents and the government to any suspicious criminal activities.
Speaking earlier, the Vice Chairman of the Landlords Association, Ayegun- Lako Community, Mr Matthew Olaiya, said that occupants of the three-bedroom bungalow rented the apartment recently.
Olaiya said that the occupants of the building always returned late in the night and used to be away for days.
Also present during the demolition was the Permanent Secretary, Ministry of Works and Transport, Prince Goke Adenrele and other officials of the ministry (NAN)
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Fed Govt decries attacks on Nigerians in S/ Africa, plans retaliatory response
Fed Govt decries attacks on Nigerians in S/ Africa, plans retaliatory response
The Federal Government has again strongly condemned the attacks, harassment and forced displacement of Nigerians in South Africa, saying it is considering appropriate measures in response.
The Minister of Foreign Affairs, Amb. Bianca Odumegwu-Ojukwu, stated this while speaking with State House Correspondents on Monday in Abuja.
According to the minister, many Nigerians are unhappy with the treatment of their compatriots in South Africa, considering Nigeria’s historical support for the country’s anti-apartheid struggle.
“Nigeria is not happy because Nigeria sacrificed much for the South African struggle for independence.
“Nigeria committed funds and resources. Seats were reserved for South African students, and many Nigerians actively supported the anti-apartheid movement,” she said.
Odumegwu-Ojukwu said the Federal Government had not ruled out any response, including possible retaliatory measures, although any decision would be taken at the highest level of government.
“That is a situation that we are considering. This is up to our legislature and the highest levels of government, but it is not off the table,” she said.
On the evacuation of affected Nigerians, the minister said arrangements were ongoing to repatriate those willing to return home.
She explained that, although, the airlift did not commence on Monday as initially expected, documentation and other formalities were being concluded.
“The repatriation is on course. Mr President has reiterated that the aircraft will go to South Africa and our citizens who are affected will have the opportunity to return home,” she said.
Odumegwu-Ojukwu said the number of Nigerians seeking evacuation continued to rise, adding that screening processes involving both Nigerian and South African authorities were ongoing.
She disclosed that President Bola Tinubu had directed the immediate establishment of a crisis response unit at Nigeria’s Consulate in Johannesburg and the country’s mission in Pretoria to coordinate assistance for affected citizens.
The minister dismissed claims that the affected Nigerians were illegal migrants, insisting that many were legitimate residents and business owners.
According to her, some Nigerians had suffered attacks on their businesses and properties, while others faced intimidation and insecurity.
“To say that Nigerians in South Africa doing legitimate business are illegal migrants is absolutely untrue,” she said.
Odumegwu-Ojukwu added that the Federal Government, working with the National Emergency Management Agency (NEMA) and other relevant agencies, had put plans in place to support and rehabilitate returnees.
“This evacuation is being undertaken with NEMA and other government agencies to ensure that those who return are properly rehabilitated,” she said. (NAN
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Troops neutralise terrorist scout, arrest suspects recover weapons, ammunition
Troops neutralise terrorist scout, arrest suspects recover weapons, ammunition
The Nigerian Army says its troops have in the last 24 hours, recorded significant operational successes against terrorists, bandits, kidnappers and other criminal elements in various operations across the country.
The operational report made available to the News Agency of Nigeria (NAN) on Monday in Abuja, indicated that troops neutralised a terrorist scout, apprehended several suspects and recovered weapons, ammunition and communication equipment.
In Borno, the report said troops of 73 Battalion (Motorised) neutralised a suspected terrorist scout during an ambush operation near Malari village in Konduga Local Government Area after the suspect ignored repeated warnings to halt.
It also disclosed that troops of 162 Amphibious Battalion recovered seven motorcycles, a PKT machine gun, 1,010 rounds of QJC ammunition and other military items during exploitation operations following the recent terrorist attack on Mandaragirau in Biu Local Government Area.
It added that troops of 145 Battalion arrested a suspected drug peddler in Damasak and recovered illicit substances, while troops of 144 Battalion apprehended a suspected terrorist informant in Madagali, Adamawa.
In Kaduna State, the report said troops of Operation Fansan Yamma fought through an ambush mounted by more than 50 suspected terrorists during a fighting patrol in Kachia Local Government Area and forced the criminals to retreat.
It added that troops of 1 Brigade Quick Response Force apprehended eight suspected terrorists in Zamfara and recovered seven motorcycles, mobile phones, power banks, handheld radios, camouflage uniforms and other items.
“In Niger State, troops of Operation Savannah Shield arrested three suspected terrorists linked to the abduction of a medical doctor and recovered phones, cash and materials believed to be connected to criminal activities.
“The troops also apprehended two suspected terrorist spies allegedly conducting reconnaissance around military facilities in Borgu Local Government Area of the state.
“In Plateau, troops launched a search-and-rescue operation following the abduction of a three-year-old girl in Bassa Local Government Area and arrested a suspected kidnappers’ informant in Mangu Local Government Area,” it said.
The report further revealed that troops of Operation Whirl Stroke recovered a locally fabricated pistol abandoned by fleeing bandits in Katsina-Ala Local Government Area of Benue.
“Similarly, troops of 14 Brigade and other security agencies arrested three suspected gunrunners in Abia and recovered seven Dane guns, 22 live cartridges and a motorcycle.
“In Rivers, troops conducting anti-illegal bunkering operations uncovered and destroyed an illegal refining site in Orashi National Forest, recovering equipment and petroleum products used for illicit activities.
“Ongoing operations across various theatres remain focused on sustaining pressure on terrorists, bandits, kidnappers and othercriminal elements threatening national security,” it said. (NAN) (www.nannews.ng)
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