Headline

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

Published

1 year ago

July 17, 2024

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.

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

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

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.

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.

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

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.

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.

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

Headline

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

Published

18 hours ago

December 29, 2025

Editor

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.

“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.

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

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.

Headline

Russia Calls up 135,000 Military Personnel

Published

1 day ago

December 29, 2025

Editor

Russia has enlisted 135,000 conscripts for military service in 2026, following the conclusion of the autumn army draft by the Defense Ministry.

A statement on Monday said most personnel have been assigned to training units and military formations where they will “get a military specialty and learn to operate modern military hardware.”

The conscripts can choose to serve in any of the various military branches and armed services after an assessment of their health condition and the results of psychological examinations.

READ ALSO:Russian Strike On Odesa Region Kills Eight, Injures 27

The ministry disclosed that 680 recruits have joined scientific and research-production units, while 240 from the country’s national teams in Olympic disciplines joined sports companies.

However, military personnel who have served the established term of military service have been discharged and sent to their places of residence.

The latest enlistment confirms Russia is shoring up its troops deployed to the ongoing special military operation in Ukraine ahead of the new year.

A fortnight ago, European leaders reaffirmed their pledge to form a multinational force–under the aegis of the Coalition of the Willing–to assist Ukraine in securing land, skies, and seas.

The pledge is one of the six commitments the EU and heads of state developed for Ukraine’s security and economic recovery support measures.

In an interview with TASS on Sunday, Russian Foreign Minister Sergey Lavrov condemned Europe’s insistence on sending military forces to Ukraine.

“We have said many times that our Armed Forces would view them as a legitimate target,” he said, warning that anyone who attacks Russia would face “a devastating blow.”

Headline

How Our Airstrikes Stopped Christmas Attacks In Nigeria — US Lawmaker

Published

3 days ago

December 27, 2025

Editor

Riley Moore, a member of the United States House of Representatives from West Virginia’s 2nd District, has linked the absence of Christmas attacks in Nigeria this year to US military airstrikes carried out against Islamist militants on Christmas Day.

In a post on his official X account on Saturday, Moore contrasted the situation with the past two Christmas seasons, during which he claimed Christians were killed in attacks across parts of Nigeria.

The lawmaker noted that this year’s response targeted extremist groups instead of marking another period of violence.

He added that US forces acted decisively against militants in coordination with the Nigerian government.

“For the past two Christmases, Christians have been murdered in Nigeria. This year, thanks to @POTUS, Radical Islamic Terrorists were on the receiving end of 12 Tomahawk missiles as a present.

“The successful strikes on ISIS, in coordination with the Nigerian government, are just the first step to secure the country and end the slaughter of our brothers and sisters in Christ,” Moore wrote.

US President Donald Trump said on Thursday that American forces had conducted deadly strikes against Islamic State terrorists in north-western Nigeria.

Trump, who spoke via his Truth Social platform, warned that more attacks would follow if the militants continued killing Christians, adding that the Department of War executed numerous “perfect strikes.”