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FG, States, LGs Share N1.4trn For June

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The Federation Account Allocation Committee (FAAC), today, shared a total of N1.354 trillion to the three tiers of government.

A communique at the end of its meeting in Abuja indicated that the funds came from the Federation revenue earned in June

The distributable revenue comprised statutory revenue of N 142.5 billion, distributable Value Added Tax (VAT) revenue of N523.973 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.692 billion, Exchange Difference revenue of N472.192 billion and Augmentation of N200.000 billion.

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Total revenue of N2.483 trllion was available in the month of June 2024.

READ ALSO: NYSC Committed To Providing Startup Loans To Corps Members – Official

Total deduction for cost of collection was N92.112 billion while total transfers, interventions and refunds was N1,037.407 billion.

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Gross statutory revenue of N1.432 trillion was received for the month of June 2024.

This was higher than the sum of N1.223 trillion received in month of May 2024 by N208.773 billion.

The gross revenue of N562.685 billion was available from the Value Added Tax (VAT) in June 2024. This was higher than the N497.665 billion available in the month of May 2024 by N65.020 billion.

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The communiqué stated that from the N1,354.371 billion total distributable revenue, the Federal Government received total sum of N459.776 billion, the State Governments received total sum of N461.979 billion and the Local Government Councils received total sum of N337.019 billion.

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

A total sum of N95.598 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

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On the N142.514 billion distributable statutory revenue, the communiqué stated that the Federal Government received N48.952 billion, the State Governments received N24.829 billion and the Local Government Councils received N19.142 billion.

The sum of N49.591 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

The Federal Government received N78.596 billion, the State Governments received N261.987 billion and the Local Government Councils received N183.391 billion from the N523.973 billion distributable Value Added Tax (VAT) revenue.

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READ ALSO: FG, States, LGs Share N714.629bn March FAAC Revenue

A total sum of N2.354 billion was received by the Federal Government from the N15.692 billion Electronic Money Transfer Levy (EMTL). The State Governments received N7.846 billion and the Local Government Councils received N5.492 billion.

From the N472.192 billion Exchange Difference revenue, the Federal Government received N224.514 billion, the State Governments received N113.877 billion and the Local Government Councils received N87.794 billion. A total sum of N46.007 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.

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On the N200.000 billion augmentation, the Federal Government received N105.360 billion, the State Governments received N53.440 billion and the Local Government Councils received N41.200 billion.

According to the communiqué, in the month of June 2024, Companies Income Tax Oil (CIT) and Value Added Tax (VAT) increased significantly while Import and Excise Duties and Electronic Money Transfer Levy (EMTL) increased marginally. Royalty Crude, Petroleum Profit Tax (PPT), Rentals and CET Levies recorded considerable decreases.

The balance in the ECA was $473,754.57

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JAPA: Top Six Countries To Obtain Easiest Citizenship

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As a Nigerian considering relocation plans, interest in countries with clear and less complicated citizenship pathways is a smart way to not just guarantee greener pastures, but also provide you with the opportunity to feel more at home in a foreign land. While some of the programmes are ancestry-based, others allow Nigerians with such a link to try other means.

Contents
1. Dominica
2. Ireland
3. Turkey
4. Portugal
5. Vanuatu
6. Italy
Though rules vary widely across borders, some nations stand out for offering citizenship through investment or family ties with fewer hurdles and faster processing timelines.

Below are the top six countries with the easiest citizenship:

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1. Dominica
Dominica operates a citizenship-by-investment programme that allows applicants to qualify through a contribution to the government’s Economic Diversification Fund or by investing in approved real estate. Processing typically takes a few months. Citizens enjoy visa-free or visa-on-arrival access to over 140 countries, including the Schengen Zone. There is no residency requirement, and dual citizenship is permitted.

READ ALSO:Japa: 5 Affordable European Countries Nigerians Can Relocate To

2. Ireland
Ireland provides a clear citizenship pathway for individuals with Irish ancestry. Those with an Irish-born parent qualify automatically, while people with an Irish-born grandparent can apply through the Foreign Births Register. An Irish passport grants full European Union rights, including freedom of movement across EU countries. Dual citizenship is allowed, and there is no language requirement for applicants applying by descent.

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3. Turkey
Turkey offers a fast-track citizenship option through investment. Foreign nationals who purchase qualifying real estate valued at a minimum of $400,000 can obtain citizenship within a few months. The programme does not require residency or renunciation of an existing nationality. Turkish passport holders have visa-free or visa-on-arrival access to several countries, with ongoing efforts to expand travel agreements.

4. Portugal
Portugal’s Golden Visa programme provides a residency-to-citizenship route for foreign investors. After five years of legal residence and meeting programme conditions, applicants may apply for citizenship. Approved investment options include venture capital funds and other qualifying assets. Successful applicants gain an EU passport, access to the Schengen Area, and dual citizenship, subject to passing a basic Portuguese language test.

READ ALSO:Japa: Lagos Suffers Deficit Of 30,000 Doctors, Commissioner Laments

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5. Vanuatu
Vanuatu runs one of the world’s fastest citizenship programmes. Through its Development Support Programme, eligible applicants can receive citizenship in as little as two months after making the required financial contribution. The country offers visa-free access to over 100 destinations and has no tax on global income or capital gains. Residency requirements are minimal.

6. Italy
Italy grants citizenship by descent to individuals with an Italian parent or grandparent, following a 2025 legal update that tightened eligibility rules. Applicants must provide official documents proving a direct family link to an Italian ancestor. Italian citizenship comes with full EU rights, wide visa-free travel, and the ability to pass citizenship to future generations. Dual nationality is allowed, and no language test is required for descent-based applications.
(Tribune)

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Japa: 5 Affordable European Countries Nigerians Can Relocate To

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As economic pressures continue to mount, many Nigerians are increasingly exploring relocation as a path toward stability, better opportunities, and an improved quality of life. However, traditional destinations such as the United Kingdom, Canada, and the United States are becoming more difficult to access due to rising living costs and stricter visa policies.

Contents
1. Slovakia
2. Latvia
3. Portugal
4. Hungary
5. Georgia

But beyond these popular options, several lesser-known European countries are emerging as affordable and welcoming alternatives. Offering low tuition fees, flexible visa policies, and a reasonable cost of living, these nations are becoming attractive relocation choices for Nigerians seeking balance and opportunity.

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In this article, Tribune Online highlights five budget-friendly countries Nigerians can consider for relocation:

1. Slovakia
Located in Central Europe, Slovakia combines stability, safety, and simplicity; three factors often missing in high-pressure relocation destinations.

READ ALSO:Top 11 Friendliest Countries To Visit

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Though it may not feature prominently on social media relocation lists, Slovakia’s affordability and accessibility make it a hidden gem. Students enjoy low tuition fees, while residents benefit from proximity to major European cities like Vienna and Prague. For Nigerians seeking structure and affordability, Slovakia provides a peaceful yet practical alternative.

2. Latvia
The Baltic nation of Latvia is fast becoming a preferred destination for international students and skilled professionals. Known for its low living costs and straightforward residence procedures, Latvia offers a convenient entry point into the European Union.

Riga, its capital city, blends historic charm with modern infrastructure, providing an ideal environment for studying, working, or gradually transitioning to other parts of Europe.

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3. Portugal
Situated on Europe’s western coast, Portugal is one of the continent’s most liveable and affordable countries. Known for its mild weather, safety, and reasonable living costs, Portugal offers a soft landing for Nigerians looking to relocate without excessive financial strain. The country’s friendly visa policies and welcoming atmosphere make it ideal for students, remote workers, and small business owners. Beyond its scenic beauty, Portugal provides what many Nigerians desire: peace of mind and an easier start abroad.

READ ALSO:10 Countries With The Strongest Global Reputation In 2025

4. Hungary
Hungary has quietly become a top choice for international students, offering quality education at affordable tuition rates. Living costs are significantly lower than in Western Europe, and cities like Budapest, Szeged, and Debrecen provide vibrant yet budget-friendly environments.

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For Nigerians looking to relocate through education, Hungary offers a realistic and sustainable path toward long-term settlement in Europe.

5. Georgia
For Nigerians seeking an easy transition abroad, Georgia presents one of the smoothest relocation routes. The country allows Nigerians to stay visa-free for up to one year, eliminating embassy interviews and lengthy paperwork.

Located between Europe and Asia, Georgia offers a blend of natural beauty and affordability. Rent, transport, and food costs remain moderate, making it an excellent base for digital nomads and young professionals.

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As migration trends evolve, success now depends on flexibility and strategic planning. While the dream of relocating abroad remains strong, the path doesn’t always have to lead through the UK or Canada. For Nigerians ready to look beyond the familiar, Europe’s quieter corners still offer accessible and rewarding opportunities.

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Insecurity: US Congressman Riley Moore Reveals Trump’s Mission In Nigeria 

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US Congressman Riley Moore has dismissed insinuations that President Donald Trump is attempting to bring war to Nigeria.

Moore made the remark in a post on his verified X handle on Monday.

His comments followed a US military airstrike on a terrorist enclave in north-west Nigeria on Christmas Day, reportedly carried out on the directive of President Trump.

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President Trump is not trying to bring war to Nigeria, he’s bringing peace and security to Nigeria and to the thousands of Christians who face horrific violence and death.

READ ALSO:Russia Calls up 135,000 Military Personnel

The strikes against ISIS on Christmas, in coordination with the Nigerian government, have given hope to the Christians in Nigeria,” he said.

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Recall that the lawmaker had previously stated that President Trump is focused on ending the killing of Christians in Nigeria.

It will be recalled that Moore led a US delegation on a fact-finding mission into alleged Christian genocide in Nigeria some weeks ago.

During his brief stay in the country, Moore travelled to Benue State, where he interfaced with religious and traditional leaders, as well as internally displaced persons.

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