News

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

Published

2 years ago

April 20, 2023

Editor

The Federation Account Allocation Committee has shared a total sum of N714.629 billion as March 2023 Federation Account Revenue to the federal, state and local governments.

This is contained in a communiqué issued at the end of April 2023 FAAC’s meeting.

The amount includes gross statutory revenue, value-added tax, exchange gain, and electronic money transfer levies.

The Federal Government received N276.141 billion, state governments received N232.129 billion while local governments got N171.257 billion, and a total sum of N35.102 billion was shared to the relevant states as 13 per cent derivation revenue.

The Director, Press and Public Relations Office of the Accountant General of the Federation, Bawa S. Mokwa disclosed this in a statement on Wednesday

He said, “The N714.629 billion total distributable revenue comprised distributable statutory revenue of N497.448 billion, distributable Value Added Tax revenue of N202.693 billion and Electronic Money Transfer Levy of N14.488 billion”.

He noted that, in March 2023, the total deductions for the cost of collection was N31.355 billion and the total deductions for transfers, refunds and consultancy fees was N126.567 billion.

In March 2023, the gross revenue available from the Value Added Tax was N218.786 billion. This is lower than the N240.799 billion available in February 2023 by N22.013 billion.

The federal government received N30.404 billion, the state governments received N101.347 billion and the LGAs received N70.943 billion from the N202.693 billion distributable Value Added Tax revenue.

Mokwa added that the balance in the Excess Crude Account was $473,754.57.

A further breakdown of the figure indicated that gross statutory revenue of N638.673 billion was received for March 2023, and this is higher than the sum of N487.106 billion received in the previous month by N151.567 billion.

The communique added that N497.448 billion was distributable statutory revenue, the Federal Government got N243.564 billion, the State Governments received N123.539 billion and the Local Government Councils received N95.243 billion.

The sum of N35.102 billion was shared to the relevant States as 13% derivation revenue.

A total of N14.488 billion Electronic Money Transfer Levy was shared as follows: the Federal Government received N2.173 billion, the state governments received N7.244 billion and the LGA got N5.071 billion.

The communiqué added that in March 2023, Petroleum Profit Tax, Companies Income Tax, Oil and Gas Royalties, Import and Excise Duties, and Electronic Money Transfer Levy increased remarkably while Value Added Tax decreased considerably.

News

INEC CVR: CSO Expresses Worry Over Poor Deployment Of Machines, Manpower To LGs In Edo

Published

6 hours ago

August 29, 2025

Editor

By Joseph Ebi Kanjo

Edo Civil Society Organisations (EDOCSO) has expressed worry over the poor deployment of capturing machines and manpower to Igueben Local Government Area of the state by the Independent National Electoral Commission (INEC) in the ongoing Ongoing Continuous Voters Registration (CVR).

The Coordinator, EDOCSO, Igueben Study Centre, Leftist Enabulele Larry, and Secretary, Leftist Mark Akande expressed the CSO sentiment when the duo visited the INEC headquarters in Igueben where the CBR in the local government is taking place.

In a statement made available to INFO DAILY on Friday, the leadership of EDOCSO, Igueben Study Centre condemned the “use of only two capturing devices in a local government with over 69, 396 in population.”

The duo noted in the statement that their findings at the INEC headquarters revealed two capturing machines were deployed to each local government across the 18 local government areas of the state.

The civil society members said INEC excuse of deploying two capturing machines to each local government was not germane enough because many do not have a computer or android phone to do the online registration INEC gave as an excuse.

“The question here is, what is the percentage of our people mostly the aged individuals, that have access to Android mobile and other internet gadgets in Edo state?

“How many people can afford internet data to enable them have access internet services in Edo state under the current excruciating economic pains by the people?

“How many of the Edo people can even manipulate the Android mobile phone to the extent of navigating the internet hurdles to undertake the job is INEC? If INEC is not ready for the job, they should tell Nigerians.

“If citizens are now advised to individually undertake the statutory job of INEC, of what purpose does the commission serve to the people? etc,” they said.

As at when filing this report, INFO DAILY was yet to get a reply from the message sent to the INEC in Edo for reaction.

News

Edo Sports Commission Boss Celebrates Okpehbolo On Birthday

Published

11 hours ago

August 29, 2025

Editor

The Executive Chairman of the Edo State Sports Commission, Hon. Amadin Desmond Enabulele, has felicated with Governor Monday Okpebholo, on the occasion of his birthday.

In a statement issued on Friday by his Media Officer, Edoko Wilson Edoko, Enabulele Okpebholo as a visionary leader whose dedication to the growth and development of the state has continued to inspire confidence and admiration across all sectors, especially sports.

Enabulele, who highlighted the governor’s unwavering commitment to youth empowerment through sports development, noted that under his leadership, Edo State has witnessed significant strides in grassroots sporting initiatives and infrastructure.

“His Excellency, Senator Monday Okpebholo, is not just a political leader but a beacon of hope for the younger generation.

“His passion for excellence and inclusive governance is evident in the way he has continued to support policies that uplift our youths and promote sporting excellence,” the statement read.

The Executive Chairman prayed for long life, good health, and continued wisdom for the governor as he steers the affairs of the state towards greater prosperity.

“On behalf of the entire Edo State Sports Commission, I extend our warmest birthday wishes to His Excellency at 55. May this new chapter of his life be filled with more accomplishments and divine grace,” he added.

News

Oba Of Benin Suspends Palace Chiefs

Published

22 hours ago

August 28, 2025

Editor

The Oba of Benin, Ewuare II, has suspended two of his chiefs for falling for dereliction of duties.

This was contained in a statement signed by the Secretary to the Benin Traditional Council (BTC), Frank Irabor and made available to journalists in Benin City.

He said their suspension was as a result of their long absence from the palace, resulting in their failure to carry out their palace responsibilities.

The suspended persons are: Chief John Igiehon, the Izuwako of Benin and chief Aimiukpomonyako Oghogho (Ebengho), the Oyenmwensoba of Benin.

“The under-mentioned two (2) chiefs have been suspended from the Palace of the Oba of Benin.

“This is as a result of their long absence from the Palace, resulting in their failure to carry out their Palace responsibilities.

“The public is advised to be wary of unscrupulous chiefs that are no longer functioning in the Palace. His Royal Majesty has approved their _ Suspension and directed the public be duly informed.

“The names of the chiefs are: – ; 1. CHIEF JOHN IGIEHON, THE IZUWAKO OF BENIN and, _ 2 CHIEF AIMIUKPOMONYAKO OGHOGHO (EBENGHO), THE OYENMWENSOBA OF BENIN”, the statement said.