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FAAC: FG, States, LGs Share N559.101bn For Dec 2011
The federal, state and local governments shared N559.101 billion from the Federation Account for December 2011, the Minister of State for Finance, Dr Yerima Ngama, has announced.
Ngama made the announcement while briefing newsmen on Monday after the meeting of the Federation Accounts Allocation Committee (FAAC) in Abuja.
He said the federal government approved the amount for the three tiers of government.
The minister however said due to the late arrival of the figures, FAAC was not able to compute the breakdown of the total revenue to be distributed to the tiers.
“But by Tuesday morning, the breakdown of the figures would be distributed and made known to the public,” he said.
Ngama said the strike called by the organised labour had affected the speed with which some of the information needed was to be gathered for FAAC.
“This is as regards especially the information on internally generated revenue and Value Added Tax (VAT),” he said.
The minister pointed out that it was while the committee was still meeting that it received the confirmation of the total VAT collection for December.
“The figure of N57.1billion for this was received from the Office of the Accountant General of the Federation as we were meeting,” he said.
Ngama assured Nigerians that the funds would be credited to the accounts of the various beneficiaries as soon as possible after work fully resumes on Tuesday.
He said the FAAC meeting needed to hold urgently after the strike as a result of President Goodluck Jonathan’s pronouncement on workers’ salaries.
Our correspondent reports that Jonathan had on January 4 directed FAAC to meet on or before January 15.
He had said this was to ensure that workers’ January salaries were paid on or before January 20.
While speaking on the funds to be realised from the partial removal of fuel subsidy, Ngama said the federal government was hopeful of realising its objectives.
“We do hope this year will be a prosperous year and we are happy that we are all united in ensuring this.
“We are hopeful that the entire various programmes we have developed and which we have discussed with the commissioners will be implemented successfully, particularly the SURE programme.
“We have asked the state commissioners to go and draw their own programmes from the revised amount that will be made known to them on the subsidy savings in order to ensure that our people get the benefit of the deregulation that we are embarking upon,” he said.
The minister said the committee had already computed the savings from the subsidy removal, as well as what the savings would have been.
“But due to Monday’s change in the price of fuel, which has now made it partial deregulation and not full deregulation, the committee has to do the computation again,” he said.
Ngama however disclosed that the National Assembly would have to approve the allocation of the funds as a supplementary budget before the subsidy savings could be shared.
He also disclosed that the Accountant-General of the Federation had effected the 25 per cent reduction in basic salaries of political office-holders in the executive arm of government.
Our correspondent reports that Jonathan had on January 7 announced the 25 per cent cut.
The Minister of State for Finance then allayed fears on the country’s financial status.
“The total foreign reserve of Nigeria is over N32 billion US dollars, and a country with a foreign reserve of this amount cannot be a poor country but a rich country,” he said.
Ngama lamented that Nigeria has over 600 unfinished projects, saying Nigeria would have needed to borrow to actually finish some of the road projects in the country, such as the Abuja-Lokoja Road.
“This particular project has been on for over five years, and in order to accelerate the development of the country, we need to actually block out all inefficiencies,” he said.
News
Fubara Seeks Full Resolution Of Bille Gas Leakage …Pledges Upgrade Of Community Health Centre
Rivers State Governor, Sir Siminalayi Fubara, has demanded quick and full resolution to the challenges arising from the gas leakage that occurred in Bille, Degema Local Government Area of the State.
The governor has also pledged to upgrade the Primary Healthcare Centre (PHC) in Bille with a view to addressing the health challenges confronting the community.
Fubara made the pledge on Wednesday at the Government House, Port Harcourt during an enlarged meeting of key stakeholders, comprising representatives of the Federal Government, the state government and leaders of the community.
The meeting was held to review the situation in the community and explore available opportunities to save the people from the adverse impacts of environmental pollution.
Addressing the journalists at the end of the meeting, the governor acknowledged the determination of the Federal Government and its agencies to get to the root cause of the problem in Bille and ensure that it is resolved permanently.
“The meeting is in respect of the situation in Bille. You’re aware that there is a case of gas leakage somewhere in Bille and the people have been making some requests that the government should come to their rescue to resolve the situation.
“As a state, we have gone to see the situation in the community, not alone but in conjunction with the industry operators and officials of the Federal Ministry of Petroleum Resources. What we are doing today is an enlarged meeting where all the parties are sitting together to look at the cause of the issue and the most possible way to get the problem resolved,” he said.
Fubara described the outcome of the meeting as successful, stressing that more action would be taken in the next couple of weeks to ensure that the issue is fully resolved.
The Minister of State, Petroleum Resources (Gas), Hon Ekperikpe Ekpo, who led the Federal Government’s delegation to the meeting, expressed appreciation to the governor for his warm hospitality and efforts to address the challenge in Bille community.
Ekpo explained that contrary to the perception in certain quarters, the Federal Government has not been silent over the “gas seepage” but has been working tirelessly towards finding a sustainable solution.
The minister explained that as soon as the incident was reported, the Federal Government deployed experts to the area to understudy the cause of the problem.
According to him, it was difficult at first to understand the cause of the problem since there were no oil or gas infrastructure within the vicinity of the incident, hence the need to conduct a more detailed investigation.
“The investigation is still going but we decided to do a follow-up visit to the area to talk to the people of Bille Community that we need collaboration on their part so that we would be able to arrive at a lasting solution.
“The safety of the people is paramount. We can understand their anxiety, the worry and the danger that this thing poses within the area, but the Federal Government is committed to finding a lasting solution to the problem. The primary responsibility of government is to take care of the welfare and security of the people and that is exactly why we are here to go and see things for ourselves,” he said.
The Chief Executive Officer (CEO), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, also explained that as the regulatory agency at the centre of the issue, no effort will be spared in the task of resolving the issue.
Eyesan pledged that the NUPRC and operators in the industry were prepared to address the requests of the impacted people in terms of the provision of potable water and fire trucks to the community.
The Public Relations Officer, Council of Chiefs, Bille Kingdom, Chief Rena Dappa, had during the meeting, presented the challenges facing the community and pleaded for government’s support to save the lives and livelihoods of the people.
News
Tinubu Unveils Training Programme For 5,000 Metre Installers
President Bola Tinubu has announced the launch of a training programme for 5,000 young Nigerians as meter installers and technicians under the Presidential Metering Initiative.
The President stated that the scheme is aimed at creating jobs, closing the country’s metering gap and improving electricity supply.
The President disclosed this in a statement on his verified X handle yesterday, describing the initiative, tagged “The Power Force,” as part of his administration’s Renewed Hope Agenda to expand employment opportunities for young people.
According to Tinubu, the programme will equip participants with practical technical skills and connect them to employment opportunities in Nigeria’s power sector.
“Through the Presidential Metering Initiative (PMI), which I established to close Nigeria’s metering gap, end estimated billing, protect consumers and strengthen the electricity market, we are opening a new pathway for 5,000 young Nigerians to be trained as meter installers and technicians under The Power Force. This programme is about jobs, skills and dignity,” he said.
Tinubu said the training would be open to eligible Nigerians who have completed their secondary school education, with a dedicated quota reserved for members of the National Youth Service Corps.
He noted that expanding electricity metering was critical to improving service delivery and promoting transparency in the power sector.
“When homes and businesses are properly metered, Nigerians can pay for what they actually use. When electricity distribution companies collect revenues more transparently and fairly, they are better able to reduce losses, maintain infrastructure, expand connections and invest in better service.
“This is how we build a power sector that is fairer to consumers, stronger for investors and better able to deliver reliable electricity to the Nigerian people,” the President said.
Tinubu said he had directed the Presidential Metering Initiative to work with the Federal Ministry of Youth Development, the National Power Training Institute of Nigeria, and other relevant stakeholders to commence the programme within the next 30 days.
He encouraged qualified young Nigerians to apply, saying the initiative would provide them with marketable skills while supporting efforts to eliminate estimated billing and improve electricity access nationwide.
“I encourage eligible young Nigerians to apply. Join The Power Force. Learn a skill. Earn with dignity. Help us end estimated billing and be part of the work to light up Nigeria,” he added.
News
Xenophobia: Third Evacuation Flight From S’Africa Arrives Today -FG
The Federal Government has announced that the third evacuation flight for Nigerians voluntarily returning from South Africa will arrive Lagos today having departed Johannesburg at midnight yesterday with 271 returnees on board.
The Ministry of Foreign Affairs disclosed this in a statement issued yesterday by its spokesperson, Mr Kimiebi Imomotimi Ebienfa.
According to the ministry, the Air Peace-operated flight is expected to arrive at the Murtala Muhammed International Airport, Lagos, at about 5:30 a.m. on Friday, July 3, 2026.
It said the evacuation is part of the Federal Government’s ongoing efforts to facilitate the voluntary return of Nigerians from South Africa.
“The third evacuation flight operated by Air Peace will depart Johannesburg today by 12 midnight with 271 returnees. The estimated time of arrival in Lagos is 5:30 a.m. on Friday, July 3, 2026,” the statement read.
The latest batch of returnees follows earlier evacuation flights that brought hundreds of Nigerians back to the country under the Federal Government’s voluntary repatriation programme.
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