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JUST IN: FG, States, LGs Share N1.088trn November Allocation

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The Federation Account Allocation Committee has shared the sum of N1.088 trillion to the Federal Government, States and Local Government Councils.

A communique issued at the end of the FAAC, in Abuja, on Friday, indicated that the allocation came from November 2023 Federation Account revenue.

The N1.088 trillion distributable revenue comprised a distributable statutory revenue of N376.306 billion, distributable Value Added Tax revenue of N335.656 billion, Electronic Money Transfer Levy revenue of N11.952 billion and Exchange Difference revenue of N364.869 billion.

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According to the communique, a total revenue of N1.620 trillion was earned in November 2023.

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

Out of the gross revenue, deductions for the cost of collection was N60.960 billion; while total transfers, interventions and refunds stood at N470.592 billion.

Gross Statutory revenue of N882.560 billion was received for November 2023.

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A statement signed by the Director, Press and Public Relations, Bawa Mokwa, said this amount was higher than the N660.090 billion received in October 2023 by N222.470 billion.

The gross revenue available from the Value Added Tax in November 2023 was N360.455 billion.

It was also higher than the N347.343 billion available in October 2023 by N13.112 billion.

READ ALSO: JUST IN: Tinubu Sacks Aviation Directors Hours After CEOs’ Removal

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The communique indicated that from the N1.088 trillion total distributable revenue, the Federal Government received a total of N402.867 billion, the State Governments received N351.697 billion, while the Local Government Councils received N258.810 billion.

A total sum of N75.410 billion (13 per cent of mineral revenue) was shared with the benefiting oil-producing states as derivation revenue.

“From the N376.306 billion distributable statutory revenue, the Federal Government received N174.908 billion, the State Governments received N88.716 billion and the Local Government Councils received N68.396 billion.

“The sum of N44.286 billion (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.

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“The Federal Government received N50.348 billion out of the N335. 656 billion distributable VAT. “State Governments received N167. 828 billion, while the Local Government Councils received N117.480 billion.

“The N11.952 billion Electronic Money Transfer Levy was shared as follows: the Federal Government received N1.793 billion, the State Governments received N5.976 billion and the Local Government Councils received N4.183 billion.”

The statement stated that the Federal Government received N175.817 billion from the N364.869 billion Exchange Difference revenue.

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While State Governments received N89.177 billion, and Local Government Councils received N68.751 billion.

“The sum of N31.124 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue. The balance in the ECA was $473,754.57,” it added.

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Rivers Crisis: Fubara Mocks Wike, Says ‘We’ve Defeated Our Enemies’

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The Rivers State Governor, Siminalayi Fubara, declared on Thursday that his battles were over as he had defeated his opponents, who are not sleeping with their two eyes open.

He said he had turned the tide against his opponents, noting that he was still in office about to mark his first anniversary, contrary to the plan by his detractors.

Fubara spoke on Thursday amid the ranging feud between him and his predecessor and estranged political godfather, Nyesom Wike.

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Last October, Fubara survived an impeachment plot by members of the Rivers State House of Assembly loyal to Wike.

As of Wednesday, nine members of his cabinet loyal to Wike had tendered their resignation and exited.

Addressing the national and state leadership of the Ijaw Youth Council on Thursday at the Government House in Port Harcourt, Fubara said he appreciated their support and the assurance that they were with him but said, “there is nothing to call on you for because we have already defeated them.”

READ ALSO: UPDATED: Rivers Political Fight Gets Messier As Three pro-Wike Commissioners Quit Fubara’s Cabinet

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According to The PUNCH, the IYC leadership was on a solidarity walk to the Government House in Port Harcourt, to celebrate the Isaac Adaka Boro Day.

The solidarity walk was part of activities to celebrate the heroic exploits of the late Major Isaac Adaka Boro, 56 years after his death, which is observed on May 16, every year.

Boro, it will be recalled, formed the Niger Delta Volunteer Force, an armed militia with members consisting mainly of his fellow Ijaw ethnic group who declared the Niger Delta Republic on February 23, 1966, and fought with federal forces for 12 days before they were defeated.

After he was granted amnesty, he enlisted and was commissioned as a Major in the Nigerian Army, fought on the side of the Federal Government during the civil war but was killed under mysterious circumstances in active service in 1968 at Ogu (near Okrika) in Rivers State on May 9, 1968.

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Speaking with the Ijaw youths, Fubara acknowledged the assurances of brotherly support from the council and urged the Ijaw Nation to key into the ongoing celebration of the liberation the state now enjoyed.

 

“I am happy that you’ve told me this morning that when I call on you, you will respond. But there is nothing to call on you for because we have already defeated them.

“By the special grace of God, what they thought that they would have done to us while we were celebrating our one year in office, they are the ones sleeping with their two eyes open. It shows that we have the Ijaw blood. And what is that blood: it is the blood of action; less talk, more action,” Fubara said.

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Fubara noted that Boro genuinely stood for equity, justice, and fair play, and pursued his course to ensure liberation for the Ijaw people and their clans.

He described every genuine Rivers man as a liberator, adding that he was delighted to receive them on such auspicious day to re-enact the common purpose of liberation that they shared.

“Because he (Isaac Boro) stood for that unique thing, even after his death, we still celebrate him because he was a liberator.

READ ALSO: Step-by-step Guide To Accessing FG Consumer Credit Scheme

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“Every Rivers man, it doesn’t matter whether you are Ijaw or upland, the most important thing is that every genuine Rivers man must be a liberator.

“And I’m happy that you have come here today. I have also received you because we have one common purpose: to liberate our dear state. We are not going back on that.”

The governor thanked the crowd for their assurances of being available to respond to his call and stand by him and appealed to Ijaw youths to conduct themselves peacefully as they celebrate Major Isaac Adaka Boro Day.

He stressed that it should be done in the same spirit that had enveloped the state now, celebrating victory over his political detractors.

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READ ALSO: Those Disrespecting Me Digging Their Political Grave, Fubara Warns

In his speech, the National President of IYC, Mr Jonathan Lokpobiri, described the day as historic, because Ijaw people were meeting with their governor on Major Isaac Adaka Boro Day of Memorial.

He warned all detractors to retrace their steps and allow the governor, who had the full mandate of the people, to discharge his duties to Rivers people.

He commended Fubara for his courage, bravery and commitment to good governance, insisting that his struggle and triumph resonated with the hope of all Ijaw people.

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Also speaking, the Chairman of IYC, Eastern Zone, Mr Tamuno Kpokpo, said the visit was not to signify an ethnic war, but to lend support in the protection of the interest and continuous development of Rivers State.

Kpokpo said the IYC would stand to resist anybody or group of persons anywhere who dared to cause any distraction of governance in the state.

PUNCH

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JUST IN: NCC Suspends Issuance Of Virtual Operators Licence, Two Others

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The Nigerian Communication Commission has announced a temporary suspension of new licence issuance to operators in three categories.

The categories are Mobile Virtual Network Operator Licence, Interconnect Exchange Licence and Value Added Service Aggregator Licence.

A virtual operator is a company that does not own a mobile spectrum licence but sells mobile services under its brand name using the network of a licensed mobile operator. Currently, there are at least 25 operators.

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The Interconnect Exchange Licence is a network facility that enables the interconnection of more than two independent connecting entities to facilitate the transfer of electronic communications.

While VAS aggregators are non‐core network telecommunication services which are beyond standard voice calls.

READ ALSO: B-I-Z-A-R-R-E! Man Missing For 26 Years Found Alive In Neighbour’s House

These services include internet, directory service, paging service, voice mail and prepaid calling card service, call centre services, content services, and vehicle tracking.

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The NCC said the suspension is in line with its powers under the Nigerian Communications Act 2003 to grant, renew licenses and promote fair competition.

The commission, in a public notice posted on its X handle on Friday, said the temporary suspension is to enable a thorough review of several key areas of market saturation, competition level and current market dynamics.

The notice titled, “Temporary Suspension Of The Issuance Of Communications Licences In Three Categories” was signed by the Director, Public Affairs Department, Nigerian Communications Commission, Reuben Muoka.

READ ALSO: NCC To Face Legal Action Over ‘Unlawful’ Directive To Block Nigerians Phone Lines

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The notice read, “In line with its powers under the Nigerian Communications Act 2003 to grant and renew licenses, promote fair competition and develop the Communications Industry, the Nigerian Communications Commission (The Commissions) hereby informs all stakeholders of a temporary suspension on issuance of new licenses in the following categories, Interconnect Exchange License, Mobile Virtual Network Operator License and Value Added Service Aggregator License.

“This temporary suspension is necessary to enable the commission to conduct a thorough review of several key areas within these categories, including the current level of competition, market saturation and current market dynamics.”

It, however, noted that the new directive doesn’t affect pending applications which would be considered based on merit.

READ ALSO: NDIC Obtains Order To Wind Down 96 Microfinance, Mortgage Banks

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The public is invited to note that during the suspension period commencing on 17th of May, 2024, new applications for the aforementioned licenses will not be accepted. This is without prejudice to pending applications before the Commission which will be considered on its merits.

“Any enquiries of clarification in respect of this Suspension Notice should be forwarded to: licensing@ncc.gov.ng,” the statement read.

In recent times, the telecommunications sector has been faced with a myriad of issues raising concerns about sustainability and efficient service delivery amid ongoing economic challenges.

Record high inflation has reduced purchasing power and a currency devaluation has cut margins.

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These challenges are exacerbated by the issue of multiple taxation and regulations and prohibitive right-of-way charges, inadequate electric power supply, and vandalism of telecommunications infrastructure.

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Bauchi Commissioner Gifts 3 Students Cash For Prompt Resumption, Ability To Read

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The Bauchi state Commissioner for Education, Dr Jamila Dahiru, on Thursday, gave a cash gift of N5,000 each to three Senior Secondary II students of Government Science Secondary School, Misau for their determination to succeed in Education.

Two of the students, Adamu Adamu, Mustapha and Haruna impressed the commissioner for their presence in school in the first day of resumption while Abdullahi Musa marvelled her for his reading ability and comprehension.

According to the commissioner, the gesture was to appreciate their determination to learn as well and motivate other students to emulate them.

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READ ALSO: “They Chase Me I Dey Chase Dream,” Portable Hints On June US Tour

While paying a courtesy visit to the Emir of Misau, Alh. Ahmed Sulaiman, the commissioner disclosed that the Bauchi State government was working with stakeholders from the Misau Emirate to fine-tune modalities of temporarily accommodating the students of Federal Science Technical College, Misau at its Science Secondary School Misau.

She said the college made the request in a letter to the ministry stating that the facility given to them could no longer accommodate their students population, hence the resolve to convene the stakeholders meeting to fine-tune ways of sharing the facility for the betterment of the state.

READ ALSO: FG, States, LGs Share N1.2tn In May

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She disclosed that government science secondary school Misau, one of the best in the state in terms of befitting facilities has the capacity to accommodate up to five thousand students, but currently houses about three hundred students.

She appreciated the Emir for his continued support to programmes and policies of the government with more emphasis on the education sector.

Speaking on behalf of the Emir and other stakeholders, a retired Director with the Ministry, Muhammad Musa, expressed gratitude to the Commissioner for the honour and promised to assemble critical stakeholders from the emirate so as to arrive at an acceptable decision for the benefit of all and sundry.

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