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Lagos, Osun Top Debtors’ List As States Lose N62.1bn To Debt Repayment
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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Soyinka Demands Accountability Over Extra-Judicial Killings
Nobel Laureate, Professor Wole Soyinka, has called on Nigerians to reject silence in the face of extrajudicial killings and other abuses of human rights.
Soyinka stressed that accountability and civic courage remain essential to rebuilding public confidence in the nation’s institutions.
He made the call during the 28th Wole Soyinka Lecture held in Port Harcourt, last Friday as part of activities marking his 92nd birthday.
The lecture, themed “Reclaiming the Nigerian State through Accountability, Justice and Civic Courage,” drew participants from different sectors of society.
The renowned playwright and human rights advocate said the country’s greatest tragedy was not only the unlawful killings carried out by state and non-state actors, but also the silence that often follows such incidents, allowing perpetrators to evade justice.
According to him, indifference by citizens to abuses of power and violations of fundamental human rights has contributed to the persistence of extrajudicial killings and other forms of injustice across the country.
Soyinka said he dedicated this year’s lecture to victims of unlawful killings, noting that the event was intended to honour individuals who had lost their lives as a result of failures within the justice system and society’s inability to protect the sanctity of human life.
He stressed that the lecture was dedicated to what he described as the basic unit of every society – the human being, and urged Nigerians to place greater value on human dignity irrespective of ethnicity, religion or social status.
The Nobel Laureate recalled several incidents of violence, including the fatal shooting and killing of a young man in Ugheli in Delta State by a police officer, and the mob killing of Deborah Yakubu in Sokoto State sometime ago, lamenting that many of those responsible are yet to face justice.
He expressed concern that some perpetrators of violent crimes had openly admitted their actions without fear of prosecution, describing such situations as evidence of serious failures within the nation’s justice system.
Soyinka maintained that when justice is delayed or denied, public confidence in state institutions continues to erode, thereby encouraging further violations of human rights.
Responding to critics who accuse him of promoting religious or ethnic divisions whenever he spoke on such issues, Soyinka dismissed the allegations and pointed out that his advocacy has always centred on the protection of human life and the rule of law.
He urged Nigerians to remain vigilant and continue demanding justice in cases of alleged extrajudicial killings, including the recent shooting of a young man by a police officer, stressing that every life deserves equal protection under the law.
The literary icon also recalled an earlier pledge by a past incoming president to make public the files relating to unresolved assassinations and extrajudicial killings, questioning the status of the promised investigations.
He challenged citizens to continue asking questions about unresolved cases, insisting that justice, accountability and respect for human dignity are indispensable to building a peaceful, democratic and inclusive Nigerian society.
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FAAN Backtracks, Says No Fire Incident At Lagos Airport’s Terminal 2
The Federal Airports Authority of Nigeria (FAAN) has clarified that there was no fire at Terminal 2 of the Murtala Muhammed International Airport, Lagos, contrary to its earlier advisory.
Earlier yesterday, FAAN had announced that a fire incident had occurred at Terminal 2 of the nation’s busiest airport, and assured that its Aerodrome Rescue and Firefighting Service had been deployed to contain the situation.
There were also reports that activities were briefly disrupted at the airport yesterday after smoke was seen inside parts of the terminal.
Videos circulating online showed passengers kept standing outside the terminal while firefighters responded to the incident.
However, in an update issued less than two hours later by the Director of Public Affairs and Consumer Protection, Henry Agbebire, and posted on FAAN’s official X handle, the authority said preliminary findings showed that the smoke seen at the terminal was caused by the discharge of the facility’s FM-200 fire suppression system.
“Further to our earlier advisory regarding the incident at Terminal 2 of the Murtala Muhammed International Airport, Lagos, the Federal Airports Authority of Nigeria (FAAN) wishes to provide the following update,” the statement read.
“Preliminary findings indicate that there was no fire at the terminal. The smoke observed within the affected area resulted from the discharge of the terminal’s FM-200 fire suppression system. The reason for the activation of the fire suppression system is currently being investigated,” FAAN stated.
The authority said normal operations had resumed at the terminal while investigations were ongoing to determine the cause of the incident.
“Normal operations have since resumed at the terminal, while detailed investigations are ongoing to determine the exact cause of the incident,” the statement added.
The authority thanked passengers, airlines, airport users and other stakeholders for their understanding and cooperation.
FAAN appreciated the understanding and cooperation of passengers, airlines, airport users and all stakeholders, and reiterated its commitment to the safety and security of all airport operations.
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