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Lagos, Osun Top Debtors’ List As States Lose N62.1bn To Debt Repayment

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The 36 states together forfeited N62,108,594, 857.48 due to them from the federation account to various forms of debt payments and other deductions in the first two months of 2019.
Lagos tops the list, paying N5.90 billion for the two months followed by Osun with N4.84 billion.
Cross River follows with N3,097,740,708.24 while Bayelsa’s allocation was depleted by N3,094,630,684.46 for the two months.
Yobe paid the least of the 36 states, losing N248,598,960.31 followed by Anambra with N281,695,824.68
The Federation Account Allocation Committee (FAAC) disbursed N660.37billion to the three tiers of government in February 2019 from the revenue generated in January 2019.
Of the sum, the Federal Government received N275.33bn, states received a total of N182.17bn and Local Governments received N136.88bn while oil producing states got N48.49bn as 13% derivation fund.
Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N5.66bn, N7.62bn and N4.07bn respectively as cost of revenue collections.
For February, FAAC disbursed N619.86bn to the three tiers of government.
The Federal Government received a total of N257.68bn from the N619.85bn. States received a total of N169.93bn and Local Governments received N127.72bn while oil producing states shared N50.95bn as 13% derivation fund.
Revenue generating agencies such as Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Department of Petroleum Resources (DPR) received N3.91bn, N6.49bn and N3.19bn respectively as cost of revenue collections.
The almost 30 categories of debts owned by states that are deducted at source are foreign debt, AMCON loan, bond issuance, CBN Power Intervention Funds, commercial agric credit schemes, contractual obligation, counterpart fund contribution to UBEC, World Bank/European Union donor project.
There is also counterpart fund to MDGs project, excess crude account loan facility to states, CBN MSMEs development fund, salary bailout, Urban Flood management project, loan to provide security to all public schools, agric technological support, FADAMA project, 1% statutory contribution to fund police reform programme among others.
The repayment figures, however, show a downward trend in how much states are spending to service their debt when compared to 2018.
For instance, details of deductions for July 2018 shared in August of the year showed that the states forfeited N63.5 billion to debt payments and other deductions in that month alone.
From the January 2019 revenue allocation, which was shared in February, total gross allocation from federation account to the three tiers of government was N230,656,525,636.20 while net allocation came down to N201,951,103,892.99.
Total deductions for the month amounted to N27,705,421,743.21 made up of N3,140,306,687.84 external debt, N6,943,149,504.63 contractual obligations and N17,621,965,550.74 other
For February allocation that was shared in March, total deductions amounted to N34,403,173,114.27 broken down into external debt of N3,140,683,211.29 while N6,649,771,520.30 and N17,505,532,268.56 were deducted to service contractual obligations and other deductions respectively.
According to Debt Management Office (DMO), the Federation’s total public debts stood at N24.387 trillion or USD79.437 billion as at December 31, 2018, representing a year-on-year growth of 12.25 percent.
Of the amount, Federal Government’s foreign debt stood at N6.460 trillion while domestic debts was N12.774 trillion.
For states and Federal Capital Territory (FCT), total foreign debts stood at N1.298 trillion while domestic debts amounted to N3.853 trillion.

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FG Ends Passport Production At Multiple Centres After 62 Years

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The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.

Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.

He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.

“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.

He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.

“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.

 “We promised two-week delivery, and we’re now pushing for one week.

“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.

He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.

Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.

He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.

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FAAC Disburses N2.225trn For August, Highest In Nigeria

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The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.

This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.

The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.

Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.

The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.

From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.

From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.

Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.

From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.

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KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus

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The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.

The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.

The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the  Polytechnic, recently.

Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.

He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.

This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly,  Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.

The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.

Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.

He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.

The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.

Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.

 

Chinedu Wosu

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