News
FAAC: FG,States, LGs Share N634.73bn
The Federation Account Allocation Committee (FAAC) in Abuja, yesterday shared N634.72 billion to the Federal Government, states and local governments as revenue for April.
The Accountant-General of the Federation (AGF), Mr Jonah Otunla, made this known while briefing newsmen on the outcome of the FAAC meeting held on Thursday.
“The distributable statutory revenue for the month is N533.75 billion, which is less than the N534.91 billion that was shared for the month of March.
“In addition, the sum of N35.55 billion is proposed for distribution under the SURE-P programme.
“So, the total revenue distributable for the current month, including Value Added Tax (VAT) of N65.43 billion is N634.72 billion,’’ he said.
A breakdown of the distribution showed that the Federal Government received N249.06 billion, representing 52.68 per cent; states, N126.33 billion or 26.72 per cent and local governments, N97.39 billion or 20.6 per cent.
Otunla added that N55.2 billion was shared among the oil producing states as 13 per cent derivation revenue.
On VAT, he said that the gross revenue collected in April was N65.43 billion as against N63.31 billion distributed in March, representing an increase of N2.12 billion.
He said that the mineral revenue collected for April was N474.88 billion, a sum less than the N519.99 billion realised in March. — The drop in revenue from the sector was N45.11 billion.
He attributed the decline in the oil revenue collection to production shut-in at Qua Iboe and Yoho terminals, shutdown of Forcados and Bonny terminals and repair works on Bonny and Brass Terminals due to oil theft and pipeline leaks.
The AGF said that the non-mineral revenue collected during the period was N109.27 billion, which showed an increase of N14.90 billion from the N94.37 billion collected in March.
He also said that N50.41 billion was transferred to the nation’s Excess Crude Account during the month compared with N79.45 billion that was transferred in the previous month.
Meanwhile, the Chairman of Finance Commissioners Forum, Mr Timothy Odah, said that work by the committee commissioned by FAAC to investigate issues about petroleum subsidy was still ongoing.
Odah said that the forum was determined to ensure that subsidy on petroleum products was removed by the Federal Government.
The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has tasked troops of Operation SAVANNAH SHIELD to dominate the battlespace and intensify offensive operations against kidnappers, bandits and other criminal elements in the North Central region.
Shaibu gave the directive yesterday during his maiden operational visit to the Headquarters, Joint Task Force North Central (JTF-NC), at Sobi Barracks, Ilorin.
This is contained in a statement by the Acting Director, Army Public Relations, Col. Appolonia Anele, in Abuja, yesterday.
Shaibu said the Nigerian Army would remain resolute in its constitutional responsibility of safeguarding lives and property, stressing that troops must sustain pressure to decisively deny criminal elements freedom of action.
He assured personnel of continued deployment of combat enablers and operational resources to enhance clearance operations and dismantle criminal hideouts across Kwara and Niger states.
The COAS reaffirmed his commitment to troop welfare, noting that improved welfare remained critical to sustaining morale, operational effectiveness and combat readiness.
He urged the troops to remain disciplined, professional and loyal to the Constitution and the democratically elected government.
Earlier, the Theatre Commander, JTF-NC Operation SAVANNAH SHIELD, Maj.-Gen. Yakubu Yahaya, commended the COAS for his strategic leadership and support.
Yahaya assured that troops would remain committed and steadfast in restoring peace and stability in the region.
The Nigerian Navy says it is expanding training and infrastructure to address emerging security threats and strengthen operational efficiency across formations and units nationwide.
The Chief of Naval Staff, Vice Adm. Idi Abbas, spoke during the inauguration of projects at the Nigerian Navy Basic Training School (NNBTS) in Onne, Rivers as part of activities marking the Nigerian Navy’s 70th anniversary.
Abbas, represented by the Flag Officer Commanding, Naval Training Command (NAVTRAC), Rear Adm. Ebiobowei Zipele, said the projects reflected significant progress made by the navy since its establishment in 1956 from the British Royal Navy.
“Training and infrastructure have improved significantly to meet contemporary security challenges and fulfil the navy’s constitutional responsibilities.”
According to him, the anniversary provides the navy an opportunity to reflect on its achievements and contributions over the past seven decades.
Projects inaugurated included a remodelled female trainees’ hostel accommodating more than 500 occupants and an expanded golf course upgraded from one to nine holes.
Others were the NNBTS fuel dump, Chief Boatswain’s Mate House, renovated pharmacy department and a new theatre block at the Naval Medical Centre, Onne.
Abbas described the new theatre as a major milestone for the navy’s medical services.
“Previously, injured personnel requiring surgeries were referred outside the facility.
“With this theatre, surgeries can now be conducted within the base.’’
He added that a 30KVA inverter had also been installed to guarantee uninterrupted electricity supply at the training school.
The naval chief assured officers, ratings and trainees that the navy leadership remained committed to their welfare and wellbeing.
“These infrastructure upgrades show the commitment of the Chief of Naval Staff to addressing operational and welfare challenges promptly,” he said.
In addition, NAVTRAC distributed educational materials to pupils of Community Primary Schools One and Two, Ogale, in Ebubu-Eleme area of Rivers.
Items distributed included exercise books, school bags and other writing materials as part of the navy’s civil-military engagement initiative.
Zipele said the outreach was designed to strengthen relations between the navy and host communities while supporting children’s education.
“Education remains critical to national growth and youth empowerment. Some of these pupils may eventually serve in the Nigerian Navy,” he said.
He noted that the initiative demonstrated the navy’s commitment to educational development, peace, security and sustainable community relations.
Zipele urged the pupils to remain disciplined, focused and committed to their studies while embracing patriotism, integrity and hard work.
He thanked the Ebubu community for its continued support for the naval training command headquarters and the navy.
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