News

FG, States, LGAs Share N731bn

Published

13 years ago

April 15, 2013

The Federation Account Allocation Committee (FAAC) on Friday in Abuja shared N731.133 billion to the three tiers of government for the month of March.

The Minister of State for Finance, Dr Yerima Ngama, made this known while briefing newsmen on the outcome of the FAAC meeting.

“The distributable statutory revenue for the month is N500.460 million. There was augmentation of N123.308 billion which brings the total statutory allocation to N623.768 billion.

“Also distributed is the N7.617 billion refunded by the NNPC. In addition, the sum of N35.549 billion is proposed for distribution under the SURE-P programme.

“The total revenue distributable for the current month including Value Added Tax (VAT) is N731.133 billion,” he said.

A breakdown of the distribution showed that the Federal Government received N232.529 billion (52.68 per cent); states N117.942 billion (26.72 per cent) while local governments received N90.928 billion.

He said that a total of N55.008 billion, representing 13 per cent derivation was shared among the oil producing states.

He added that the gross revenue of N595.708 billion received for the month was higher than the N561.676 billion received in the previous month by N24.023 billion.

“This is partly to the receipt of the arrears of sales of crude oil and gas. Crude oil production and lifting operations, however, decreased during the period due to the “Force majeure” declared at Bonny and Brass terminals and maintenance work at Okono, Brass and Amenam,” he said.

Force majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term as act of God (such as hurricane, flooding, earthquake, volcanic eruption, among others, prevents one or both parties from fulfilling their obligations under the contract.

In practice, most force majeure clauses do not excuse a party’s non-performance entirely, but only suspends it for the duration of the force majeure.

The minister said that the gross revenue of N64.199 billion was collected as VAT compared to the N62.707 billion distributed in the preceding month.

According to him, the mineral revenue collected for the month was N518.389 billion, noting that the amount exceeded the budget of N465.057 for the month and exceeded N486.671 realised for the month of February.

Ngama noted that non-mineral revenue collected for the month of March was N77.319 billion, showing a decrease from the N85.005billion collected in February.

He said that a total of N95.248 billion was paid into the Excess Crude Account (ECA) out of the revenue generated for the month, bringing the total balance to about seven billion dollars

Our correspondent recalls that the account balance as at the last FAAC meeting was $8.061 billion.

It was reported that $2 billion was approved by President Goodluck Jonathan, to be shared among the three tiers of government later which reduced the balance to about $6.2 billion.

Speaking with reporters, the Chairman of the Finance Commissioners Forum, Mr Timothy Odah, said the meeting had extensive discussions on the drop in revenue collection

He said that all issues were resolved after long discussion and expressed concern over the decline in the non-oil revenue collections.

He stressed the need for the government to continue to boost the sector to help diversify the revenue generation in the country.

News

HoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries

Published

18 hours ago

February 2, 2026

The Tide

The Head of Service (HoS) of Rivers State, Dr. Mrs. Inyingi S. I. Brown, has commended Governor Sir Siminalayi Fubara, GSSRS, for approving befitting accommodation for Permanent Secretaries in the state.

This commendation was contained in a press release made available to newsmen in Port Harcourt.

According to the Head of Service, Governor Fubara has continued to demonstrate uncommon commitment to the welfare of civil servants in Rivers State, stressing that such gestures underscore his people-oriented leadership style. She urged civil servants across the state to remain supportive of the governor’s administration in order to sustain good governance and effective public service delivery.

Speaking on behalf of the Body of Permanent Secretaries, Dr. Brown congratulated Governor Fubara on the occasion of his 51st birthday, describing him as “a Governor who leads by serving.”

She further praised the governor’s service-driven and people-centred leadership approach, noting that it has significantly contributed to institutional stability and improved efficiency within the state’s public service. Special appreciation was expressed for the approval of a befitting accommodation complex for Permanent Secretaries, which she said reflects the governor’s commitment to staff welfare and enhanced productivity.

As part of activities to mark the governor’s birthday, the Body of Permanent Secretaries announced the sponsorship of 329 Joint Admissions and Matriculation Board (JAMB) forms for indigent students across the state.

A breakdown of the initiative shows that 319 forms will be distributed across the 319 political wards in Rivers State, while five forms are allocated to non-indigenes and five forms to persons living with disabilities.

Interested applicants are advised to contact the Office of the Permanent Secretary, Ministry of Education, for further details.

The Body of Permanent Secretaries wished Governor Fubara continued good health, divine wisdom, and greater accomplishments in his service to the people of Rivers State.

By John Bibor

News

Allegation of Disrespect to President Tinubu Unfounded — Rivers Government

Published

19 hours ago

February 2, 2026

The Tide

The attention of the Rivers State Government has been drawn to a statement credited to an acclaimed Rivers State chapter of the National Youth Council of Nigeria (NYCN), purportedly authored by one Bestman Innocent Amadi, alleging that the Governor of Rivers State, His Excellency Sir Siminalayi Fubara, GSSRS, removed the official portrait of the President of the Federal Republic of Nigeria, President Asiwaju Bola Ahmed Tinubu, from the Government House, Port Harcourt.

For the avoidance of doubt, the Rivers State Government wishes to categorically state that there is no policy, directive, or intention on the part of the government or the Governor that disrespects the President of the Federal Republic of Nigeria or undermines the authority of the Federal Government.

On the contrary, the Rivers State Government, under the leadership of Governor Siminalayi Fubara, currently enjoys a robust, cordial, and collaborative relationship with the Federal Government, President Bola Ahmed Tinubu, and the Renewed Hope Agenda—a partnership that is already yielding positive and tangible benefits for the people of Rivers State.

Consequently, the insinuation that the Governor acted out of “ingratitude” or “disrespect” is misleading, irresponsible, inflammatory, and entirely unsupported by verifiable facts, and should therefore be disregarded by the public.

It is regrettable that a body expected to promote youth unity, peace, and responsible engagement would resort to incendiary language, personal attacks, and unsubstantiated claims capable of overheating the polity at a time when Rivers State requires calm, dialogue, and mature leadership.

The Rivers State Government therefore calls on well-meaning members of the public, particularly its esteemed and hardworking youths, to disregard and dissociate themselves from individuals or groups bent on advancing divisive rhetoric and falsehoods for political purposes.

Rivers State belongs to all of us. Political differences must never be allowed to override truth, civility, peace, and the collective pursuit of progress.

Members of the public are further urged to remain vigilant and avoid lending credence to inflammatory statements or the activities of fifth columnists pursuing dubious agendas aimed at sowing discord.

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News

Rivers Government Dismisses Allegations of Disrespect to President Tinubu

Published

19 hours ago

February 2, 2026

The Tide

The Rivers State Government has dismissed as unfounded and misleading allegations that Governor Sir Siminalayi Fubara removed the official portrait of President Asiwaju Bola Ahmed Tinubu from the Government House in Port Harcourt.

In a statement issued on Tuesday, the state government reacted to claims credited to an acclaimed Rivers State chapter of the National Youth Council of Nigeria (NYCN), describing the allegation as false, irresponsible, and unsupported by any verifiable facts.

The government clarified that it has no policy, directive, or intention that disrespects the President of the Federal Republic of Nigeria or undermines the authority of the Federal Government. It emphasized that Governor Fubara maintains a cordial, respectful, and collaborative relationship with President Tinubu and the Federal Government.

According to the statement, the relationship between Rivers State and the Federal Government has grown stronger under the Renewed Hope Agenda, with tangible benefits and positive impacts already being felt by residents of the state.

The Rivers State Government described insinuations that the governor acted out of “ingratitude” or “disrespect” as deliberately provocative, noting that such claims are capable of misleading the public and unnecessarily heating up the polity.

It further expressed concern that an organization expected to promote youth unity and peace would engage in what it termed incendiary language, personal attacks, and unsubstantiated accusations at a time when the state requires calm, dialogue, and responsible leadership.

The government called on well-meaning members of the public, especially the youths of Rivers State, to disregard the claims and dissociate themselves from individuals or groups spreading divisive rhetoric and falsehoods for political purposes.

Reaffirming its commitment to peace, unity, and progress, the state government stressed that political differences must never be allowed to override truth, civility, and the collective interest of the people.

Members of the public were also urged to remain vigilant and not give attention to inflammatory statements or individuals described as fifth columnists bent on causing division within the state.