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Nigeria Remits $100m To ECOWAS In Community Levies

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The Federal Government has paid US$100,324,011.33 to the Economic Community of West Africa (ECOWAS) as community levy this year alone.
This was disclosed at the presentation of the Nigeria country report by the Nigerian delegation at the ongoing Second Ordinary Session of the ECOWAS Parliament in Abuja.
The leader of Nigeria’s delegation of parliamentarians to ECOWAS Parliament, Ahmed Wase, said Nigeria has, so far in 2022, remitted the amount to the ECOWAS Commission.
He added that the government is committed to fulfilling her financial obligations to ECOWAS, and is making arrangements to pay up the balance for the year.
He said: “Nigeria’s commitment to the ECOWAS Protocol on Free Movement of Persons and Goods is completely unwavering.
“In a bid to gain full realisation of the protocol, the Federal Government has introduced the Visa on Arrival (VoA) policy to expedite movement of ECOWAS members through Nigeria’s borders.
“The Federal Government of Nigeria has signed the agreement establishing the African Continental Free Trade Area, AfCFTA.
“Nigeria has equally demonstrated commitment to a gradual removal of import duties and other non-tariff barriers on imports within the African continent.
“To show the Federal Government’s commitment, the Nigerian Ports Authority has commissioned the first Export Processing Terminal (EPT) in the country.
“This is geared at enabling export-bound cargoes access to the Lagos Seaports without a glitch, in line with AfCFTA objectives.
“With this move, we believe we will encourage intra-African trade and boost regional development.”
On the 2023 elections, he reported that the political situation in Nigeria is charged-up with electioneering activities and that the Independent Electoral Commission (INEC) has expressed its commitment to free, fair and credible elections.
On the security situation in the country, he said Nigeria is currently stable, as data for Q3 shows a decline in insecurity but added that the country is still experiencing some security challenges.
On the economy, Wase said: “The economy is slowly recovering from the combined impact of the COVID-19 pandemic, the Russian-Ukraine war, insecurity, and natural disasters.
“Despite the challenges, the Nigerian economy recorded a 3.54percent growth in the second quarter (Q2) of 2022.
“This is a 0.43% increase from Q2 of 2021 where we had a 3.11percent growth and a higher showing, compared to the initial market forecasts of 2.60percent growth.
“The current growth we see in the economy is driven by the non-oil sector with key sectors being – finance and insurance; transportation; agriculture and manufacturing; information and communication sectors.
“The oil sector, which has been the economic driver and core revenue generator for the country, has shrunken by 12percent. Oil production declined to 1.43million barrels per day in Q2 of 2022, compared with 1.49million barrels in Q1.
“The loss in production is largely attributable to oil bunkering and as a result, Nigeria has been unable to meet her OPEC+ quota this year.
“However, the country’s oil production is set to improve through the Federal Government’s collaboration with some major stakeholders in the industry to clamp down on oil theft.
“Thus, improving production and guarantying efficient export operations by the end of November 2022.”
He explained that to cushion the impact of the troubled economy, the Federal Government of Nigeria has leveraged on Nigeria’s international partnerships.

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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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