News
Nigeria’s Revenue Drops N194.6bn In February – FAAC
Published
3 months agoon
By
Editor
Nigeria’s Federation Account Allocation Committee, FAAC, revenue dropped by N194.664 billion in February.
According to the FAAC communiqué, the federal government, states, and local government councils shared N1.678 trillion in revenue in February 2025.
The February revenue is lower than the N1.848 trillion received in January 2025. The federal government received N569.656 billion, while state governments received N562.195 billion. Local government councils received N410.559 billion, while N136.042 billion (13 per cent of mineral revenue) was allocated to benefiting states as derivation revenue.
READ ALSO: FAAC: FG, States, LGs Share N1.7tn November Revenue
The total distributable revenue of N1.678 trillion comprised distributable statutory revenue of N827.633 billion, distributable Value Added Tax, VAT, revenue of N609.430 billion, Electronic Money Transfer Levy, EMTL, revenue of N35.171 billion, solid minerals revenue of N28.218 billion, and an augmentation of N178 billion.
In February 2025, oil and gas royalty and EMTL increased significantly, while VAT, petroleum profit tax, PPT, companies income tax, CIT, excise duty, import duty, and CET levies recorded decreases.
You may like
FAAC: FG, States, LGs Share N1.681trn April 2025 Revenue
States Kick Over N200b FAAC Remittance Shortfall
FG, States, LGAs Share ₦1.424tn FAAC Revenue In December 2024
FAAC: FG, States, LGs Share N1.7tn November Revenue
FG, States, LGs Shared N1.2tn In August – FAAC
Breakdown Of FAAC’s N1.358tn July Allocation To FG, States, LGs
News
Hope Rises As Ijaw Nation Wades Into Okomu Crisis
Published
10 hours agoon
June 13, 2025By
Editor
There seems to be solution at sight to the crisis bedeviling Okomu community in Ovia South West Local Government Area of Edo State following the setting up of Peace and Conflict Resolution Committee by prominent Ijaw monarchs drawn from Edo, Ondo, Delta and Bayelsa states.
The setting up of the Peace and Conflict Resolution Committee by the Ijaw kings followed a request by His Royal Majesty, Pius Yanbor, the Pere (king) of Okomu Kingdom to his Ijaw brothers peres (king), appealing to them to intervene in the crisis that had led to the burning of houses and loss of lives.
Worried by the crisis and the consequent appeal by HRM Pius Yanbor, the Ijaw peres (kings), namely, HRM, Oboro Gbaraun II, the Pere of Gbaramatu Kingdom, Delta State; HRM, Zacheus Egbunu, the Agadagba of Arogbo Kingdom, Ondo State; HRM, Capt. Frank Okiakpe, the Pere of Gbaraun Kingdom, Bayelsa State; HRM, Joel Ibane, the Pere of Iduwini Kingdom, Delta State; HRM, Godwin Ogunoyibo, the Pere of Olodiama Kingdom, Edo State; HRM, Eseimokumor Ogonikara I, the Pere of Tubutoru Kingdom, Ondo State; HRM, Roman Bohan, the Pere of Furupagha Kingdom, Edo State, and HRM Stephen Ebikeme, the Pere of Oporomor Kingdom, Bayelsa State, in an acceptance memo of the Okomu king’s request which was made available to INFO DAILY stated: “We, the undersigned traditional rulers of Ijaw extraction, have unanimously aligned in agreement to take a deep dive into the crisis that has been rocking and bedeviling Okomu Kingdom for the past three years, with a view to providing respite and bringing lasting peace to the aforementioned kingdom.”
READ ALSO:Okomu Community Commends 4 Brigade For Sustenance Of Peace, Wants FOB Established In The Area
They continued: “This alignment however, is a fallout of a series of robust engagement amongst well-meaning and revered monarchs of Ijaw extraction, whose primary role in their various Kingdoms is to foster peace and unity.”
The Ijaw monarchs, thereafter, appointed Chief Sunday as the Chairman of the Peace and Conflict Resolution Committee, High Chief Pascal Akpofagha as the General Secretary and 16 other notable Ijaw sons from various kingdoms as members.
The 18-member committee is saddled with the responsibility of interfacing with the warring parties in the kingdom with a view to restoring lasting peace to the kingdom.
The revered Ijaw monarchs further expressed their commitment to providing the necessary support and work with the committee within the ambit of the law in order to ensure peace and harmony return to Okomu Kingdom.
News
UN Flags 138 Million Kids In Global Child Labour Crisis
Published
13 hours agoon
June 12, 2025By
Editor
Ahead of World Day Against Child Labour, a report released on Wednesday by the International Labour Organisation and the United Nations Children’s Fund has shown that nearly 138 million children were engaged in child labour in 2024.
The figure included 54 million engaged in hazardous work that endangered their health, safety, and development.
“Today, nearly 138 million children are in child labour worldwide, down from 160 million four years ago.
“There are over 100 million fewer children in child labour today than in 2000, even as the child population increased by 230 million over the same period,” the report stated
READ ALSO: I Don’t Want To Join Issues With Children, Amaechi Hits Back At Wike
World Day Against Child Labour is marked on June 12 every year and International Day of Play is marked on June 11.
The report revealed that while child labour had declined by more than 20 million since 2020, the world had missed its target of ending child labour by 2025.
It noted that since 2000, child labour had almost halved, yet current rates remained too slow.
To end child labour within the next five years, the report said the current rates of progress would need to be 11 times faster.
“While the elimination of child labour remains an unfinished task, there is some welcome news.
READ ALSO: Children Killed As Russia Launches Largest Air Attack On Ukraine
“After a concerning rise in child labour captured by the global estimates for 2020, a feared further deterioration in the wake of the COVID-19 pandemic has not materialised, and the world has succeeded in returning to a path of progress.
“This success can be attributed to some well-known policy imperatives that, if sustained and scaled-up, could bring about an end to child labour,” the report stated.
It highlighted that the policies included ensuring free and high-quality schooling to provide a worthwhile alternative to child labour and help ensure successful transitions from school to decent work.
Others were equipping education systems to support the school-to-work transition, particularly for older adolescents who face heightened occupational safety and health risks in the labour market; strengthening legal protections against child labour, aligned with international standards to lay the groundwork for effective prevention and enforcement, among others.
READ ALSO: Children’s Day: Dissuade Your Wards From Joining Cultism, Okpebholo Urges Parents, Guardians
The report also said targeted policies to end child labour must go hand in hand with broader development strategies.
“And to be fully effective, child labour concerns must be systematically mainstreamed into economic and social policy planning – from macroeconomic frameworks to labour market reforms and sectoral strategies.
“The latest estimates underscore the magnitude of the challenge of ending child labour. They also point to progress, and in doing so, affirm the possibilities.
“We have the blueprint for success – the right policies, adequate resources and unwavering commitment. Now is the time to act to free future generations from child labour,” it added.
News
Journalists’ Cooperative Society Announces Formal Take-off
Published
13 hours agoon
June 12, 2025By
Editor
The Innovative Media Partners Cooperative Multipurpose Society has announced its formal take-off.
The President of IMPCMS and Publisher of The Eagle Online, Dotun Oladipo, made the announcement in a statement issued on Wednesday.
According to Oladipo, the formal commencement of activities followed the completion of all registration formalities and opening of a bank account.
The statement added that this also followed the approval of the Executive Committee of the IMPCMS, which now has the full compliments of members.
READ ALSO: Nigeria No Longer A Democracy, Peter Obi Laments
Apart from Oladipo, other members of the Executive Committee include Ugomma Cookey, a member of the Board of the Media Career Development Network, as Vice President; Nkanu Egbe, Publisher of Lagos Metropolitan, as General Secretary; Ijeoma Popoola, Editor with the News Agency of Nigeria, Financial Secretary; and Dolapo Otegbayi, a prominent media and marketing consultant, as Treasurer.
The Ex-Officio Members are media trainer, Taiwo Obe; and Founder and Chief Executive Officer of WVL Development Advisers Limited and former Acting Managing Director/CEO of Bank of Industry, Dr. Waheed Olagunju.
To join the cooperative society, which is for practicing journalists and media professionals, would-be members are expected to fill a form, which can be obtained at the secretariat at 1, James Robertson Street, Surulere, Lagos.
For the electronic version of the form, the statement said a WhatsApp message can be sent to: 08023204836, or email to: nkanu.egbe@gmail.com.
READ ALSO: Trump Unveils Website For $5m US Residency Visa
The cost of membership was put at N10,000, which is payable into the cooperative society’s account with the United Bank for Africa: Innovative Media Partner Surulere Multipurpose Cooperative Society, with account number 1028258688.
Among the early financial members of the society are the President of the Nigerian Guild of Editors and Editor of Vanguard Newspaper, Eze Anaba; seasoned broadcaster, Anike-ade Funke Treasure; eminent journalist, Dr. Hope Orivri; Publishers of Oriental News, Chika Izuora and Yemisi Izuora; and Dayo Ojo.
All members of the Executive Committee of the IMPCMS have also become financial members.
The society was formed as a fallout of the Second Nigerian Media Leaders’ Summit held in Abeokuta, the Ogun State capital, in 2024, and organised by The Journalism Clinic, founded by Obe.
- Hope Rises As Ijaw Nation Wades Into Okomu Crisis
- Amaechi Slams Tinubu’s Policies In Fresh Outburst
- Lamentation As Night Fire Destroys Goods In Rivers Market
- UN Flags 138 Million Kids In Global Child Labour Crisis
- Most Followed Tiktoker Khaby Lame Deported From US Over Visa Violation
- Journalists’ Cooperative Society Announces Formal Take-off
- Last Surviving Twin Rescued By Mary Slessor Is Dead
- UNN Best Graduate Wins £33,000 Com
- Troops Kill Notorious Terrorist Leader Auta, 14 Others In Zamfara
- Nigeria No Longer A Democracy, Peter Obi Laments
About Us
Trending
- Metro2 days ago
JUST IN: Drama As Oshiomhole Shuts Down Lagos Airport’s Zulu Terminal After Missing Flight To Abuja [VIDEO]
- Politics5 days ago
June 12: Jonathan, Others Mount Pressure On Tinubu To Reinstate Fubara
- Metro4 days ago
Kidnappers Abduct 20-year-old Lady Hawking Cooked Rice, Demand Ransom
- Politics5 days ago
Edo Senator, Neda Imasuen Defects To APC, Says LP In Shreds, No Direction
- Metro2 days ago
Air Peace Lambasts Oshiomhole For Unruly Conduct, Assaulting Staff, Barricading Terminal Entrance At Lagos Airpor
- News5 days ago
Edo Rep Member Distances Self From Cultism, Says Allegation Politically Motivated
- News5 days ago
OPINION: Tinubu, Sanwo-Olu And The Fish God
- Metro5 days ago
Court Jails Nine Chinese Nationals For Economic Sabotage, Orders Repatriation
- News4 days ago
VIDEO: Culture Minister, Musawa Turns Heads At Ojude Oba In Traditional Attire
- Headline5 days ago
10 Countries Hiring Nigerians, Other Foreign Workers In 2025 With Easy Visa Process