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States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank

Published

3 years ago

June 22, 2022

The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level increases budgetary pressures for the states.

The Washington-based bank said this in its Nigeria Development Update report, titled, ‘The Continuing Urgency of Business Unusual’.

According to the lending bank, the declining revenue from the federation level had put many states in a precarious fiscal position.

The bank warned that many states would be unable to meet up with their expenditures, adding that there was an increase in debt servicing expenditures of States.

The report read in part, “With net oil and gas revenues stagnating, most states will not be able to achieve their intended levels of expenditures in 2022.

“In addition, debt servicing expenditures at the state level are also mounting due to a decline in gross statutory account revenue transfers from the federation account allocation committee, which comprises oil and non-value added tax, non-oil revenues.”

The bank further said that the expected higher VAT collection or improvements in independently generated revenues would not compensate for the lower transfers from the Federation Accounts Allocation Committee in 2022.

The financial institution also warned that there would be a 2.7 per cent decline in FAAC transfers in 2022 when compared to 2021, adding that this decline would push states to borrow more and slash discretionary expenditure.

“Stagnating net oil revenues will significantly affect the fiscal situation at the state level. State governments are projected to collectively receive 2.7 per cent fewer revenues than in 2021, as federal transfers are estimated to decline by 10 per cent against 2020 levels.

“Lower transfers will cause state governments to incur debt or drastically slash discretionary expenditure. Although states receive the majority of VAT revenues, VAT increases would not make up for the loss of net oil revenues.

“As a result, in 2022, the average state in Nigeria will lose N18.8bn in oil and gas revenues, while optimistic projections place average gains from VAT and the electronic money transfer Levy at N7.1bn per state, and average increases in each state’s independent revenues at N6.7bn. As a result, the average state can expect to lose N5bn in revenue in 2022,” the report stated.

The PUNCH reported that the Nigerian National Petroleum Company Limited might deduct over N1tn in the next six months from the Federation Accounts Allocation Committee, following the decision of the Federal Government to continue subsidising Premium Motor Spirit, popularly called petrol.

Figures obtained from the oil firm on its subsidy deductions in 2021 indicated that the amount deducted monthly from FAAC by the NNPC was higher during the periods of higher crude oil prices.

This was also confirmed by economists, who explained that the higher the international price of crude oil, the higher the amount to be deducted by the NNPC from FAAC.

“Of course, the NNPC will spend more on subsidies this year because crude oil price has been increasing and the higher the price of crude, the higher the amount to be spent on subsidy,” the Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf, said.

He added, “In fact, about N2.5tn might be spent on subsidy this year, meaning that about half of that amount could be spent in six months and this means hard times for states because the funds will be deducted from FAAC as usual.

“Some states would struggle to pay salaries, especially states that are heavily dependent on federal allocation. Some may have to lay off some of their work force. Many will struggle to meet their financial obligations as sub-nationals.”

A political economist and former presidential candidate, Prof Pat Utomi, urged states to create an environment for wealth creation rather than depend solely on the federal allocation.

He said, “States must focus more on creating the environment for wealth creation. If you go back to the late 50s and early 60s, most of the developments that took place in Nigeria are from the subnational governments. They collected the revenues, and send 50 per cent of it to the centre but the military ruined all of that.

PUNCH

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TikTok Bans 49,512 Live Sessions In Nigeria As Creators Stream Sex Romps

Published

9 hours ago

November 22, 2025

Editor

For the first time, TikTok has shared data on its enforcement of Live Monetization guidelines, following a surge in users going live during sexual activity. The platform released the figures during its West Africa Safety Summit in Dakar, Senegal, held in partnership with AfricTivistes.

In the second quarter of 2025, TikTok took action, including warnings and demonetization, against 2,321,813 Live sessions and 1,040,356 Live creators for violating its Live Monetization guidelines.

In Nigeria alone, 49,512 Live sessions were banned during the same period.

The Summit brought together senior government officials, policy experts, NGOs, regulators, media representatives, and industry leaders from West African nations, including Nigeria, Senegal, Mali, Côte d’Ivoire, Burkina Faso, Chad, and Ethiopia.

Delegates discussed strategies to strengthen user protection and content moderation frameworks tailored to regional challenges.

The event marked a pivotal moment for TikTok’s regional safety efforts and its commitment to upholding global safety standards across Sub-Saharan Africa.

Experts shared insights, examined online safety challenges, and explored collaborative measures under TikTok’s #SaferTogether initiative.

TikTok’s Outreach and Partnerships Manager for Sub-Saharan Africa, Duduzile Mkhize, emphasized the platform’s commitment to enhancing user security through stakeholder collaboration.

She stated: “While global, we remain hyper-local in our day-to-day efforts. The dialogue at this Summit is invaluable because only through insights sharing and collaboration with policymakers and local partners across West Africa can we prevent a fragmented and insecure digital environment.

“United action can help us guarantee a safe space for our community to discover, create, and connect responsibly.”

A key partner in this effort is Nigeria’s Dr. Akinola Olojo, expert on preventing and countering violent extremism, and member of TikTok’s Sub-Saharan Africa Safety Advisory Council.

He said: “The convening of various stakeholders in Dakar, sharing insights for collaborative action, proves that the work we do alongside TikTok is not in vain.

“We must move beyond reactive measures and continue to build proactive systems that empower communities to resist radicalization and leverage online spaces for positive social impact.”

Globally, TikTok removed over 189 million videos in the same quarter, representing just 0.7% of all content uploaded. Of these, 163.9 million were flagged by AI-driven moderation systems.

Notably, 99.1% of removals were detected proactively, and 94.4% were taken down within 24 hours. The platform also removed 76,991,660 fake accounts, alongside 25,904,708 accounts suspected to belong to users under the age of 13.

In Nigeria, TikTok removed 3,780,426 videos between April and June 2025 for violating Community Guidelines. Impressively, 98.7% were removed before being viewed, and 91.9% were taken down within 24 hours.

The data, released in TikTok’s Quarter 2 2025 Community Guidelines Enforcement Report, underscores the platform’s ongoing commitment to creating a safe digital space for its users.

Headline

Nnamdi Kanu’s Case Proof Of Religious Persecution In Nigeria – US lawmaker, John James

Published

2 days ago

November 20, 2025

Editor

Former chairman of the Africa Subcommittee and now a member of the Energy and Commerce Committee, Representative, John James, has claimed that the case of Nnamdi Kanu, the leader of the Indigenous People of Biafra, IPOB, is proof of religious persecution in Nigeria.

James stated this when the United States House Subcommittee on Africa on Thursday, held a public hearing to review President Donald Trump’s recent redesignation of Nigeria as a Country of Particular Concern.

The hearing in Washington, DC included senior US State Department officials and Nigerian religious leaders.

James claimed that in the case of Nnamdi Kanu, Nigeria’s Court of Appeal had struck down the charges against him and ordered his release in 2022.

He said: “Religious persecution is tied to political repression and weakening institutions in Nigeria. The detention of Mazi Nnamdi Kanu is a clear example.

“In 2022, Nigeria’s Court of Appeals struck down the charges against him and ordered his release.

“The UN Working Group for Arbitrary Detention has also called for his unconditional release, yet he remains in solitary confinement in deteriorating health and recently had to represent himself in court.

“Nigeria has signaled that the law is optional and targeting Christians is fair game. Just hours ago this morning, despite the pleas and cries of Nigerian people and many Nigerian lawmakers, Kanu was convicted on all charges.”

Nnamdi Kanu was on Thursday, sentenced to life imprisonment over terrorism charges.

Headline

Nigerians Don’t Trust Their Govt – US Congressman Riley Moore

Published

2 days ago

November 20, 2025

Editor

US Congressman Riley Moore has said that Nigerian people do not trust their government.

Moore stated this on Thursday at US House of Representatives Subcommittee on Africa, which is investigating Trump’s redesignation of Nigeria as a ‘Country of Particular Concern’, CPC.

“The Nigerian people don’t trust their government. ‘How can you trust a government that doesn’t show up when you ask them to?

“The Nigerian government must work with the US in cooperation to address these insecurity issues.

“A case that just happened recently in Plateau state. We had a pastor there who warned the Nigerian government that they were under attack. There’s imminent attack forces here in the next 24 hours. Please come and help us.

“The Nigerian government did not only ignore it but put up a press release that it is fake news,” he said.

Moore would be meeting with a delegation of senior members of the Nigerian government, over the devastating insecurity in Nigeria and the US designation of the country as CPC, DAILY POST reports.