The Federation Allocation Allocation Committee has disclosed that during the May 2024 meeting of the FAAC held in Abuja, N1.2tn from the April 2024 Federation Account Revenue was shared by the federal, states, and local governments.

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

The document revealed that N1.2tn total distributable revenue comprised distributable statutory revenue of N284.71bn, distributable Value Added Tax revenue of N466.45bn, Electronic Money Transfer Levy revenue of N18.02bn, and Exchange Difference Revenue of N438.88bn.

Total revenue of N2.19tn was available in April 2024.

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The total deduction for the cost of collection was N80.51bn; the total transfers, interventions, and refunds were N903.47bn.

Gross statutory revenue of N1.23tn was received for April 2024.

This was higher than the sum of N1.01bn received in March 2024 by N216.28bn.

The gross revenue available from the value-added tax in April 2024 was N500.92bn. This was lower than the N549.69bn available in March 2024 by N48.77bn.

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From the N1.2tn in total distributable revenue, the Federal Government received a total sum of N390.41bn, the state governments received N403.40bn, and the local government councils received N293.81bn.

A total sum of N120.450bn (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.

On the N284.716bn distributable statutory revenue, the communiqué stated that the Federal Government received N112.14bn, the state governments received N56.88bn, and the local governments received N43.855bn. The sum of N71.83bn (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.

The Federal Government received N69.96bn, the state governments received N233.22bn, and the local governments received N163.26bn from the N466.45bn distributable value-added tax revenue.

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A total sum of N2.704bn was received by the FG from the N18.024bn Electronic Money Transfer Levy. The state governments received N9.012bn, and the local governments received N6.30bn.

The Federal Government received N205.59bn from the N438.88bn Exchange Difference revenue. The state governments received N104.27bn, and the local governments received N80.39bn. The sum of N48.62bn (13 per cent of mineral revenue) was shared with the benefiting states as derivation revenue.

According to the communiqué, in April 2024, oil and gas royalties, company income tax, excise duty, petroleum profit tax, electronic money transfer levies, and CET levies increased significantly, while import duty and value-added tax recorded considerable decreases.

The FAAC noted that the balance in the Excess Crude Account remained at $473,754.57.

A British journalist, Christopher Wilson, sparked outrage among many Nigerians with a now-deleted tweet.

In the tweet, Wilson compared Nigerians to Nazis for welcoming the Duke and Duchess of Sussex, Prince Harry and Meghan Markle, to Nigeria, igniting widespread condemnation.

The three-day visit of Prince Harry and Meghan to Nigeria attracted significant attention and reactions worldwide.

“Desperate to show his wife they were still ‘royal’ in the eyes of the world, the Duke of Windsor took Wallis on a tour of Germany in 1937. Nigeria’s human rights record is not far short of Nazi Germany’s,” Wilson posted on Tuesday.

Wilson, author of ‘A Greater Love: Charles and Camilla,’ was referring to Wallis Simpson, an American socialite who became the wife of King Edward VIII.

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Edward VIII, Queen Elizabeth II’s uncle, abdicated the throne in 1936 to marry Simpson.

The monarch’s decision to marry Simpson, a divorcée, triggered a constitutional crisis, leading to Edward’s abdication from the throne in December 1936.

After their marriage, they became known as the Duke and Duchess of Windsor.

The couple travelled extensively, and notably, they visited Adolf Hitler at his Berghof retreat in Bavaria, Nazi Germany, in October 1937.

Markle, an American divorcee, married Prince Harry in 2018.

However, the couple announced their decision to step back from their royal duties in 2020 and relocated to California, United States. Despite their move, they retained their titles as the Duke and Duchess of Sussex.

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When confronted for comparing Nigeria to Nazi Germany, Wilson referenced a 2023 report from the United States Department of State Bureau of Democracy, Human Rights and Labour.

The report he cited highlights human rights abuses in Nigeria, including extrajudicial killings, torture, harsh prison conditions and arbitrary arrests, among others.

The post sparked criticism and backlash from Nigerians and netizens.

On X.com, @wukster2, who tweets anonymously, wrote, “How did we become Nazis @TheWislon? You are so triggered by Harry and Meghan that you have resorted to comparing Nigeria to Nazi Germany. Meghan Markle’s power over mediocre white men and women needs to be studied. We need a global conference.”

A tweep, Faith Harvest, who identifies as @harvest_fa77000 on X, wrote, “Desperate? Nah, there is no comparison. Try as they may to liken Meghan to Wallis Simpson, Meghan is no Wallis and Harry is certainly not an abdicated king with sympathies to Hitler, and as far as human rights records, Christopher Wilson needs to read up on his own history!”

On Arise TV’s The Morning Show, journalist, Rufai Oseni, also voiced his criticism.

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“These people are racist. This is the height of racism. He’s just so jealous because Harry and Megan came to Nigeria and they got relevance and it’s in your face it’s going to hurt you to the very end. I hope that this racism eats your bile up and it continues to eat you because we can’t continue this way. How would you relate them to what happened in Nazi Germany?

“The scenarios are different very different. These people came for a worthy cause in Nigeria which is the Invictus game, to be able to support veterans. Harry has built a brand with this Invictus game that goes around the world and has supported a lot of veterans and that’s something worth celebrating but because of the hatred and the bile that you have against this guy just let him be,” Oseni said.

Glow Lee, who tweets as @GlowanneLee, said, “Christopher Wilson is a royalist journalist critical of Meghan from the beginning and has just compared Nigeria to Nazi Germany. This is the mentality of the hard-core royalist. If they can say these things on Twitter, what would they say off it?”

The Duke and Duchess of Sussex arrived in the capital city of Abuja last Friday and were pictured at a range of engagements over the weekend.

The official purpose of the trip was to celebrate the Invictus Games, Harry’s tournament for wounded soldiers in Nigeria.

President Bola Tinubu has commended the High Powered Presidential Committee, HPPC, on Nigeria’s extended continental shelf project, a team of experts who worked hard over the years to advance the project.

The president gave the commendation when he received the report of the protect yesterday in Abuja.

According to Vanguard, the project aims to extend Nigeria’s maritime boundaries in accordance with the United Nations Convention on the Law of the Sea (UNCLOS), 1982.

The president expressed his appreciation in Abuja after listening to technical presentations by Professor Larry Awosika, a marine scientist and member of the committee, and Surveyor Aliyu Omar, Secretary of HPPC.

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The experts have been involved in the project since Nigeria’s initial submission to extend its continental shelf to the United Nations Commission on the Limits of the Continental Shelf (CLCS) in 2009.

They informed the President that the UN has approved Nigeria’s submission, granting sovereignty over additional square kilometres of maritime territory.

A statement issued by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale, quoted the President as saying: ‘’When the HPPC briefed former President Muhammadu Buhari in 2022 on the status of the project, the United Nations Commission on the Limits of the Continental Shelf, CLCS, was still considering Nigeria’s submission and having technical interactions with the HPPC.

‘’These interactions and consideration have now culminated in the approval for Nigeria to extend its continental shelf beyond 200M (200 nautical miles).

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‘’As it stands now, the area approved for Nigeria is about 16,300 square kilometres, which is about five times the size of Lagos State,” Surveyor Omar told the president.’’

He added that the official notification of the decision was conveyed to Nigeria by the UN Nations Commission on the limits of the Continental Shelf, CLCS, in August 2023, shortly after President Tinubu assumed office.

Omar outlined the available options for Nigeria following the approval: “The first option is to take the area gained and finalize the registration with the UN Secretary-General and close everything, meaning that we are satisfied with what we got. This will take at least one year.

“The second option is to take what we have right now, acquire more data, do a support write-up, and make a revised submission as recommended by CLCS for further consideration. This will take another four years. Either way (options), Nigeria will keep what has been approved.”

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In his presentation, Professor Awosika explained that the approval came after years of meticulous scientific research on geophysics, geology, geography, and diplomatic efforts, which solidified Nigeria’s legal rights over a vast expanse of seabed and subsoil beyond its traditional territorial waters.

Awosika highlighted the economic potential of the newly acquired territory, which includes hydrocarbons, gas, solid minerals, and a wide variety of sedentary species.

He, however, cautioned against total disclosure of sensitive data acquired during surveys, noting that this will jeopardize confidentiality as Nigeria is expected to monetize the information to recover project expenses.

Responding, the president thanked the experts for their diligence, emphasizing the significance of the achievement for Nigeria’s economic and strategic interests.
VANGUARD