Connect with us

Published

on

banner

Federal Govt, states, Local Govt share over N1.9 trillion revenue for November

A total sum of N1.928 trillion, being November Federation Account Revenue, has been shared among the Federal Government, States and the Local Government Councils (LGs) .

Advertisement

The revenue was shared at the December Federation Account Allocation Committee (FAAC) meeting in Abuja on Monday.

Thiis is according to a communique issued at the end of the meeting, which was made available by Bawa Mokwa, the
Director, Press and Public Relations, Office of the Accountant-General of the Federation (OAGF.)

Advertisement

According to the communiqué, the N1.928 trillion distributable revenue comprised statutory revenue of N1.403 trillion, Value Added Tax (VAT) revenue of N485.838 billion, and Electronic Money Transfer Levy (EMTL) revenue of N39.646 billion.

It said that total gross revenue of N2.343 trillion was available in the month of November.

Advertisement

It said that total deduction for cost of collection was N84.251 billion, while total transfers, interventions, refunds and savings was N330.625 billion.

“Gross statutory revenue of N1.736 trillion was received for the month of November. This was lower than the sum of N2.164 trillion received in the month of October by N427.969 billion.

Advertisement

“Gross revenue of N563. 042 billion was available from VAT in November . This was lower than the N719.827 billion available in October by N156.785 billion,” it said.

The communiqué said that from the N1.928 trillion total distributable revenue, the Federal Government received total sum of N747.159 billion and the state governments received N601.731 billion.

Advertisement

It said that the LGs received N445.266 billion, while the sum of N134.355 billion (13 per cent of mineral revenue) was shared to the benefiting state as derivation revenue.

“From the N1.403 trillion distributable statutory revenue, the Federal Government received N668.336 billion and the state governments received N338.989 billion.

Advertisement

“The LGs received N261.346 billion and the sum of N134.355 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

“From the N485.838 billion distributable VAT revenue, the Federal Government received N72.876 billion, the state governments received N242.919 billion and the LGs received N170.043 billion,” it said.

Advertisement

It said N5.947 billion was received by the Federal Government from the N39.646 billion EMTL, while, the state governments received N19.823 billion and the LGs received N13.876 billion.

“In November, Excise Duty increased moderately.

Advertisement

“Petroleum Profit Tax, Hydrocarbon Tax, CIT on Upstream Activities, Companies Income Tax, CGT and SDT, Oil and Gas Royalties, Import Duty, CET Levies, VAT and EMTL recorded substantial decreases,” it said.(NAN)

Advertisement
banner
Continue Reading
Advertisement

News

Increase salary, welfare packages for Police other security personnel – FG told

Published

on

banner

Increase salary, welfare packages for Police other security personnel – FG told

Peoples Democratic Party (PDP) has called for improved welfare packages for armed forces personnel and all members of the security and intelligence community to aid their effectiveness and efficiency.

Advertisement

National Chairman of PDP, Tanimu Turaki, made the call in a statement in Abuja on Thursday to mark the 2026 Armed Forces Celebration and Remembrance Day.

Turaki also urged the Federal Government to adequately fund security agencies to effectively neutralise those he described as agents of insecurity, and restore peace to the country.

Advertisement

He expressed PDP’s condolences to the families of members of the armed forces who died in active service while executing their mandate of protecting Nigeria’s territorial integrity and sovereignty.

“On a day like this, we acknowledge that they paid the supreme price for the continuous existence of our country.

Advertisement

“We advise all actors, whether state or non-state, not to engage in actions capable of destabilising the country.

“In honour of those who have died to keep our country safe, we pray that their deaths may not be in vain and their labours not forgotten,” Turaki said.(NAN)

Advertisement
banner
Continue Reading

News

Rivers Lawmakers fail to resume plenary amid ongoing impeachment proceedings against Gov Fubara

Published

on

banner

Rivers Lawmakers fail to resume plenary amid ongoing impeachment proceedings against Gov Fubara

The Rivers State House of Assembly, led by Speaker Martin Amaewhule, did not reconvene for plenary on Thursday, a week after adjourning its last session.

Advertisement

During its first sitting of 2026, held last Thursday, the House had initiated impeachment proceedings against Governor Siminalayi Fubara and his deputy, Prof. Ngozi Odu, over alleged gross misconduct. The charges reportedly included the demolition of the state assembly complex and unauthorized spending, among other allegations. That session was adjourned to January 15, 2026.

However, as of noon on Thursday, a visit to the assembly—currently holding sittings at its conference hall along Aba Road—showed no indication that the House would resume.

Advertisement

No official reason has been provided for the delay, and a new date for resumption has not been announced.

Advertisement
banner
Continue Reading

News

Two killed, others arrested as Police operatives engage hoodlums that attacked ex–Governor’s convoy in gun battle

Published

on

banner

Two killed, others arrested as Police operatives engage hoodlums that attacked ex–Governor’s convoy in gun battle

Two suspected armed robbers were shot dead following a prolonged gun battle with police at Enugwu Agidi Junction in Dunukofia Local Government Area of Anambra State.

Advertisement

According to the state police spokesperson, Tochukwu Ikenga, the clash occurred between security operatives and hoodlums believed to be armed robbers and cultists with links to a proscribed secessionist group. He said the exchange of gunfire lasted about two hours.

Ikenga disclosed on Thursday that three other suspects escaped during the operation, sustaining varying degrees of gunshot injuries.

Advertisement

He added that items recovered from the scene included one T.06 rifle, two pump-action guns, 24 rounds of T.06 ammunition, 15 live cartridges, assorted criminal charms, a red cult beret, and a black Toyota Highlander vehicle.

He said, “Anambra State Police Command in the early hours of 14th January 2026 recorded another major operational breakthrough in its sustained efforts to rid the State of criminal elements and ensure the safety of lives and property.

Advertisement

“The Police Operatives attached to Rapid Response Squad Awkuzu acting on credible and actionable intelligence, laid an ambush to a 5-man group of armed hoodlums suspected to be armed robbers, cultists, and linked to a proscribed secessionist group at Enugwu Agidi Junction, Dunukofia Local Government Area of Anambra State.

“Upon sighting the Operatives, the suspects engaged the Officers in a fierce gun battle that lasted for two hours which resulted to fatal gun shot injuries on two of the armed suspects, while the other three fled the scene with varying degrees of gunshot injuries.

Advertisement

“The Operatives also recovered One (1) T.06 rifle, two (2) pump-action guns, Twenty-four (24) rounds of T.06 ammunition, Fifteen (15) live cartridges, Assorted criminal charms, One cult red beret and One black Toyota Highlander vehicle.

“Furthermore, while in deep agony, one of the armed suspects confessed the gang members as being part of those who launched an unsuccessful but repelled attack by the Police Operatives on the convoy of former Minister of Labour and Employment, Dr Chris Ngige.

Advertisement

“He also confessed being part of the striking squad of Vikings confraternity on a mission to retaliate the death of one of their members by another rival cult group.

“The Commissioner of Police, Ikioye Orutugu while commending the gallantry of the operatives charged them to intensify efforts to arrest other gang members, particularly those who fled with gunshot injuries during the encounter.

Advertisement

“Meanwhile, hospital or related medical facilities are advised to admit anyone with gunshot wounds or related injuries, but must endeavor to report such to the nearest Police Station immediately.

“Further developments will be communicated as investigations progress.”

Advertisement
banner
Continue Reading

Trending

© 2025, All Rights Reserved | Crime Channels