Connect with us

News

FAAC: FG, States, LGs Share N1.15trn For January

Published

on

The total revenue accrued to the coffers of the government increased to N2.07trn in January 2024 out of which N1.15trn was disbursed to the Federal Government, states, and local government areas, the Federation Allocation Accounts Committee disclosed on Thursday.

FAAC, in a communique issued at the end of its monthly meeting in Abuja, said the revenue was shared to meet the needs of the subnational governments.

Advertisement

According to a press release by the Director of Press and Public Relations of the Office of the Accountant-General of the Federation, Bawa Mokwa, the amount shared is N29bn less than the N1.44trn disbursed in January 2023.

The communique said the N1.45trn total distributable revenue comprised distributable statutory revenue of N463.1bn, distributable Value Added Tax revenue of N391.8bn, Electronic Money Transfer Levy revenue of N15.9bn and Exchange Difference revenue of N279.03bn.

READ ALSO: FAAC Shares N1.100 Trillion To FG , States, LGs

Advertisement

It also added that a total revenue of N2.07trn was available in the month of January 2024 while N200bn was kept as savings.

“Total deductions for the cost of collection was N78.4bn, total transfers, interventions, and refunds was N640bn and savings was N200bn.

“Gross statutory revenue of N1.15trn was received for the month of January 2024. This was higher than the sum of N875bn received in the month of December 2023 by N276bn,” the communique read.

Advertisement

The communique further stated that from the N1.15trn total distributable revenue, the Federal Government received a total of N407.267 bn, the state governments received N379.407 bn and the local governments received N278.041bn.

READ ALSO: FAAC Shares N907b To FG, States, LGs

It added that VAT collection was reduced by N71.7bn to N420.7bn in the month ending.

Advertisement

The statement added, “The gross revenue available from the Value Added Tax in January 2024 was N420.733 billion. This was lower than the N492.506 billion available in the month of December 2023 by N71.773 billion.

“From the N1,149.816 billion total distributable revenue, the Federal Government received a total of N407.267 billion, the State Governments received N379.407 billion and the Local Government Councils received N278.041 billion.

“A total sum of N85.101 billion (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

Advertisement

“From the N463.079 billion distributable statutory revenue, the Federal Government received N216.757 billion, the State Governments received N109.942 billion and the Local Government Councils received N84.761 billion. The sum of N51.619 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue.

READ ALSO: FG, Others Share N2.84trn In FAAC

“The Federal Government received N58.768 billion, the State Governments received N195.894 billion and the Local Government Councils received N137.125 billion from the N391.787 billion distributable Value Added Tax revenue.”

Advertisement

Also, the N15.922 billion Electronic Money Transfer Levy was shared as follows: the Federal Government received N2.388bn, the state governments received N7.961bn and the local governments received N5.573 billion.

“The Federal Government received N129.354 billion from the N 279.028 billion Exchange Difference revenue. The State Governments received N65.610 billion, and the Local Government Councils received N50.582 billion. The sum of N33.482 billion (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

“In January 2024, Companies Income Tax, Import Duty, Petroleum Profit Tax, and Oil and Gas Royalties increased significantly, while Value Added Tax, Export Duty, Electronic Money Transfer Levy, and CET Levies decreased considerably.

Advertisement

“The balance in the ECA was $473,754.57,” the statement concluded.

Advertisement

News

Shock As Adeleke Employs Roadside puff-puff Hawker As Govt House Chef

Published

on

Osun State Governor, Ademola Adeleke, on Thursday shocked a female puff-puff seller during a rally in Osogbo by buying all her snacks with ₦50,000 and offering her employment as a chef at the Government House.

This happened when Osun public servants trooped out in their thousands in what they called an appreciation solidarity rally in support of the governor for his support and care since he took over state governance.

Advertisement

It was observed that the governor, who sat in the bus, had sighted the woman who was among the crowd cheering him.

He immediately beckoned to the woman carrying a plastic container filled with puff-puff on her head and asked how much it would cost to buy all the snacks.

READ ALSO:Adeleke Flies To US For Davido’s Wedding

Advertisement

The female hawker, who was visibly surprised and star-struck at the level of her proximity to the governor, found it difficult to even tell the governor how much she sold the snacks.

Surprisingly, Adeleke handed her a bundle of ₦50,000 to the cheers of the crowd.

The lucky woman knelt down in appreciation of the governor’s generosity.

Advertisement

Excited onlookers quickly rushed to share the snacks in the plastic already purchased by the governor.

READ ALSO:Tinubu Hosts Gov Adeleke, Deji Adeleke, Davido In Lagos

The governor invited the vendor inside the vehicle where one of his officials questioned her academic background, and she revealed that she holds a Nigerian Certificate in Education.

Advertisement

Adeleke further asked about the dishes she could prepare and instructed his aides to take her contact details for employment as a chef in the Government House.

Confirming the development, the Commissioner II at the Osun State Civil Service Commission, Olaniyan Taofeek, shared the video on X (formerly Twitter), writing: “The moment Gov. Adeleke turned the life of a puff-puff seller into a Government House chef.”

READ ALSO:It’s Like He Came Back – Davido Discloses Son’s Resemblance To Late Ifeanyi Adeleke

Advertisement

A Special Assistant to the Governor on Digital Media, Oni Gbenga Lawrence, also corroborated the incident in a post on X, stating: “Moment Governor Ademola Adeleke turned the life of a puff-puff seller to Government Chef… not only ₦50k but he invited her into his car and employed her as chef in the Government House.”

The Guardian correspondent, who was at the scene of the welcome rally, made efforts to interview the lucky vendor, but they did not yield as she was not allowed to alight from the bus throughout the event.
(The Guardian)

Advertisement
Continue Reading

News

Katsina Govt Revokes Licenses Of All Private, Community Schools

Published

on

The Katsina State Government has withdrawn the operating licenses of all private and community schools in the state, with effect from August 13, 2025.

The announcement came through a circular issued by the Ministry of Basic and Secondary Education and signed by Commissioner Hajiya Zainab Musa-Musawa.

Advertisement

The ministry’s Public Relations Officer, Malam Sani Danjuma, released the document in Katsina on Saturday.

READ ALSO:JUST IN: Kastina Commissioner Assassinated

According to the circular, the move is part of the government’s effort to strengthen quality assurance and standardization within the education sector.

Advertisement

The withdrawal of licenses is aimed at ensuring that schools operate in line with approved standards and provide quality education to students,” Danjuma said.

The circular also outlined a review of fees for license application, registration, and annual renewal.

READ ALSO:Katsina, UNDP To Return 270,000 IDPs To Ancestral Homes

Advertisement

“Owners of affected schools are required to obtain fresh licenses by submitting proof of payment to the ministry on or before September 30, 2025.”

The statement also added that school operators have been warned not to increase tuition or other charges without government approval.

The ministry further promised to issue additional guidelines soon, including categorization of schools and the revised fee structure.

Advertisement

Continue Reading

News

JUST IN: Oldest Missionary To Nigeria, Ruth Elton, Is Dead

Published

on

British-born Nigerian missionary, Ruth Elton, reputed to be the oldest missionary has passed on at the age of 91.

Ruth Elton, born 7 September 1933, was a British-born Nigerian missionary whose lifelong dedication to faith, healing, and revival left an indelible mark on communities across western and central Nigeria.

Advertisement

It was learnt that Elton died on Saturday at Sharon compound, Alafia Bamin Quarters in Ilesa, Osun State.

She was the only daughter of Pa Elton and her remains have been deposited at the mortuary.

READ ALSO: BREAKING: Former Customs Comptroller-General, Ahmed Aliyu Mustapha, Is Dead

Advertisement

Ruth Elton, daughter of Sydney Granville Elton (Pa Elton), who is referred to as one of the founding fathers of Pentecostalism in Nigeria, had approached a Kaduna court and nationalised as a Nigerian.

At old age and despite the happenings in Nigeria, she still held in high esteem her father’s prophecies that although Nigeria could be known globally for corruption, it would only for a while as new dawn would beckon when the country would be known worldwide for righteousness and prosperity.

Elton moved to Nigeria in 1937 with her parents and served as a Christian missionary across Egbe, Okene, Koton Karfe, and other parts of Kogi, Ondo, Oyo, and Osun States.

Advertisement

READ ALSO: Viral TV Judge Frank Caprio Is Dead

A naturalised Nigerian, having renounced her British citizenship in the 1970s, she embraced the country completely and became fluent in Ebira and Yoruba.

Elton, who remained single, believed that she had made a true mark in the country and apart from her missionary work, she saw her efforts in taming infant mortality, especially in Okene, Kogi State as a generational impact.

Advertisement

Relating her experience on infant mortality in the country, Elton recently noted that many newborn babies had passed on due to lack of proper care and hygiene, adding that the practice of force-feeding babies contributed to the challenges, especially in the face of poor awareness.

Advertisement
Continue Reading

Trending