Connect with us

News

Presidency Releases Details Of Oil Derivation, Subsidy, SURE-P Refunds To Nine States

Published

on

The Presidency has released details of money received by nine state governments from the 13percent oil derivation, fuel subsidy, and SURE-P refunds over the last couple of years.
In a statement signed by the Senior Special Assistant to the President (Media & Publicity), Garba Shehu, last Friday, the Presidency said that it was necessary to do so to put the records straight for the public to judge, and shame some governors who were pretending not to have received any meaningful sum from the Federal Government.
The statement read, “Nine oil-producing states received a total of N625.43billion 13percent oil derivation, subsidy and SURE-P refunds from the Federation Account in the last two years, 2021-2022.
“The states that received the refunds dating from 1999 to 2021 are Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.
“Data obtained from the Federation Account Department, Office of the Accountant General of the Federation; show that a total of N477.2billion was released to the nine states as refund of the 13percent derivation fund on withdrawal from Excess Crude Account (ECA) without deducting derivation from 2004 to 2019, leaving an outstanding balance of N287.04billion.
“The states also got N64.8billion as refund of the 13per cent derivation fund on deductions made by NNPC without payment of derivation to Oil Producing States from 1999 to December.
“The benefitting states still have an outstanding balance of N860.59billion windfall from the refunds, which was approved by President Muhammadu Buhari.
“According to the figures, under the 13per cent derivation fund on withdrawal from ECA without deducting derivation from 2004 to 2019, Abia State received N4.8billion with outstanding sum of N2.8billion; Akwa Ibom received N128billion with outstanding sum of N77billion; and Bayelsa got N92.2billion, leaving an outstanding of N55billion.
“Cross River got a refund N1.3billion with a balance N792million; Delta State received N110billion, leaving a balance of N66.2billion; Edo State received N11.3billion, with a balance of N6.8billion; Imo State, N5.5billion, with an outstanding sum of N3.3billion; Ondo State, N19.4billion with an outstanding sum of N11.7billion; while Rivers State was paid N103.6billion, with an outstanding balance of N62.3billion.
“The states were paid in eight instalments between October 2, 2021 and January 11, 2022, while the ninth to twelfth instalments are still outstanding.
“On the 13per cent derivation fund on deductions made by NNPC without payment of derivation, the nine oil producing states were paid in three instalments this year, with the remaining 17 instalments outstanding.
“Under this category, Abia State received N1.1billion; Akwa Ibom, N15billion; Bayelsa, N11.6billion; Cross River, N432million; Delta State, N14.8billion; Edo State, N2.2billion; Imo State, N2.9billion; Ondo State, N3.7billion; and Rivers State, N12.8billion.
“Meanwhile, the benefitting states shared N9.2billion in three instalments in April, August and November 2022 as refunds on the 13per cent derivation exchange rate differential on withdrawal from the ECA.
“The three largest benefitting states were Akwa Ibom (N1.6billion); Delta State (N1.4billion); and Rivers State (N1.32billion).
“Similarly, all the nine states received N4.7billion each, totalling N42.34billion as refunds on withdrawals for subsidy and SURE-P from 2009 to 2015. The refund, which is for all the states and local government councils, was paid on November 10, 2022.
“The Federation Account also paid N3.52billion each as refund to local government councils on withdrawals for subsidy and SURE-P from 2009 to 2015 on the same date in November.
“President Buhari considers it a matter of honour and decency that debts owed to states or anyone for that matter be repaid, and in time without regards to their partisan political affiliations.
“The President will continue to render equal service to all the states of the federation and an acknowledgment of this by Governor Nyesom Wike of Rivers State and the others is not out of place.
“The refunds to the oil producing states will continue”.

Continue Reading

News

NAFDAC Alerts Nigerians To EU Ban On Dex Soap

Published

on

The National Agency for Food and Drugs Administration and Control, NAFDAC, has alerted Nigerians on the ban on Dex Luxury Bar Soap (No 6 Mystic Flower), by the European Union (EU).
The notification is contained in a public alert with No. 012/2024, signed by NAFDAC Director-General, Prof Mojisola Adeyeye, and issued to newsmen in Abuja yesterday.
“The product does not comply with the cosmetic products regulation; it also contains Butyphenyl Methylpropional (BMHCA), which is prohibited in cosmetic products due to its risk of harming the reproductive system.
“It also causes harm to the health of unborn children and may cause skin sensitisation.
“It is as a result of the defective nature of the product that the EU banned it.
“The products is not in NAFDAC database; importers, distributors, retailers and consumers are to exercise caution and vigilance within the supply chain,” she said.
NAFDAC boss urged marketers and consumers to avoid the importation, distribution, sale and use of the product, stressing that product’s authenticity and physical condition must be carefully checked.
She enjoined members of the public in possession of the product to discontinue sale or use, and submit stock to the nearest NAFDAC office.

Continue Reading

News

Communities, Volunteers Ready To Face Upcoming Floods – Red Cross

Published

on

The Country Manager of the British Red Cross in Nigeria, Karsten Voigt, says communities and volunteers are ready to face the challenges expected with the upcoming floods.
Voigt said this at the sidelines of the 56th Annual General Meeting of the Nigerian Red Cross Society (NRCS), Lagos Branch.
The Tide’s source recalls that the British Red Cross donated resilience items to some communities in December 2023, to help mitigate the effects of flooding.
The items included cash, rain boots, rain coats, mosquito nets, handheld flashlights, solar powered lights with radio, USB chargers and a bridge to link the communities.
The communities that benefited included Agboyi 1, Agboyi 2, Agboyi 3 and Odo Ogun in Kosofe Local Government Area of the state.
Voigt said the Red Cross had measured the impact of the project in the communities and noticed that a lot of progress had been made.
According to him, apart from the cash and items given to the communities, simulation exercises have also been carried out to prepare the volunteers ahead of the floods.
“We have seen that people used the cash to address immediate needs they have after floods.
“Many households have used part of the cash to build up businesses.
“The solutions we have given to them are not only addressing their immediate needs after the disaster but actually building family income for their future,” he said.

Continue Reading

News

Nimet Forecasts Three-Day Sunshine, Thunderstorms

Published

on

The Nigerian Meteorological Agency (NiMet) has predicted sunshine and thunderstorm from Monday to Wednesday across the country.
NiMet’s weather outlook released yesterday in Abuja, forecasts sunny skies on Monday with a few patches of cloud over the northern cities and prospects of thunderstorms over parts of Taraba later in the day.
According to the forecast, sunny skies with patches of clouds are expected over the North Central region with prospects of morning thunderstorm over parts of the Federal Capital Territory, Nasarawa, Kogi and Kwara States.
“Later in the day, isolated thunderstorms are anticipated over parts of the Federal Capital Territory, Kogi and Benue States.
“The southern region is expected to be cloudy with spells of sunshine with prospects of morning thunderstorms over parts of Oyo, Ekiti, Ogun, Ondo and Lagos States.
“ In the afternoon/evening periods, isolated thunderstorms are expected over parts of Enugu, Ebonyi, Abia, Ekiti, Ogun, Imo, Oyo, Ondo, Edo, Cross River, Akwa Ibom, Delta, Rivers, Lagos and Bayelsa States,” it said.
NiMet also anticipated sunny skies on Tuesday with few patches of cloud over the northern states with prospects of isolated thunderstorms envisaged over parts of Bauchi, Gombe, Adamawa, Taraba and Kaduna States during the afternoon and evening hours.
It envisaged the North Central region to be sunny with patches of cloud during the morning hours.
The agency also envisaged isolated thunderstorms over parts of the Federal Capital Territory, Plateau, Nasarawa, Kogi, Benue, Kwara and Niger States, later in the day.
“Cloudy atmosphere with intervals of sunshine is expected over the inland and coastal areas of the South, with chances of morning thunderstorm over parts of Cross River, Bayelsa, Akwa Ibom and Rivers States.
“In the afternoon/evening periods, isolated thunderstorms are anticipated over parts of Osun, Ekiti, Ondo, Imo, Anambra, Enugu, Abia, Oyo, Edo, Delta, Cross River, Akwa Ibom, Lagos, Rivers and Bayelsa States ,” it said.
It predicted a sunny atmosphere on Wednesday, with patches of cloud over the northern region, during the forecast period.
“Sunny skies with patches of clouds are expected over the North Central region with chances of isolated thunderstorms over parts of Plateau, Kogi, Nasarawa, the Federal Capital Territory and Benue States, during the afternoon/evening periods.
“ Cloudy atmosphere with intervals of sunshine is expected over the inland and coastal areas of the South with prospects of thunderstorms over parts of Anambra, Imo, Enugu, Ebonyi and Abia.”
Other states to experience cloudy atmosphere, are “Edo, Ondo, Ekiti, Ogun, Oyo, Cross River, Lagos, Akwa Ibom, Rivers, Delta and Bayelsa States, later in the day.”
NiMet urged the public to take adequate precaution as strong winds might precede rains in areas where thunderstorms were likely to occur.
The agency also urged airline operators to get updated weather reports and forecasts from its office for effective planning in their operations.

Continue Reading

Trending