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FAAC: Fed, States, Local Govts Revenue Down By N284bn In Oct

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The revenue shared by the Federal Government, States and Local Governments (LGs) dropped by N284.41billion in October, the Accountant-General of the Federation (AGF), Ahmed Idris, said, yesterday.
According to the communique by the Federation Accounts Allocation Committee (FAAC) at the end of the meeting held yesterday in Lagos, Idris said the gross statutory revenue of N407.86billion was received in October, lower than the N692.28billion received in the previous month by N284.41billion.
Petroleum Profit Tax (PPT), Oil and Gas Royalties and Companies Income Tax (CIT) decreased considerably.
There was a slight decline in Value Added Tax (VAT) whereas, import Duty and Excise Duty increased marginally.
The distributable Statutory Revenue for the month was N363.84billion, VAT stood at N154.84billion and Exchange Gain was N3.21billion.
Idris also said there were augmentations of N100billion from non-oil mineral revenue bringing the total distributable revenue to N671.91billion.
According to him, the Federal Government takes 15per cent of VAT distribution, state government, 50per cent and Local Government 35per cent.
“Sectoral breakdown of funds available for distribution for the month of October showed that mineral revenue in October stood at N167.56billion lower than N422.70billion in September, this created a revenue differenceof -N255.13billion. For non-mineral revenue, N240.29billion as against N269.58billion creating a revenue difference of -N29.28billion,” he stated in the report.
“Comparative analysis of funds available with prior statements of accounts showed that total funds available for distribution stood at N407.86billion as against N692.28billion in September.”
According to it, the communique by FAAC, Gross Revenue available from the VAT for the month under review was N166.284billion as against N170.850billion distributed in September, resulting in a decrease of N4.566billion.
“The distributed statutory revenue of N407.864billion received for the month was lower than the N692.283billion received for the previous month by N284.419billion.
“Of this, the Federal Government received N180.551billion, states got N91.578billion, LGCs got N70.603billion, derivation (13 per cent mineral revenue) got N21.118billion, cost of collection received N17.940billion while transfers and refunds got N26.075billion,” it stated.

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RSU, Otonti Nduka Foundation Hold Centenary Conference, Unveil Book on Values in Nigeria

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Rivers State University and the Otonti Nduka Foundation for Values Education jointly hosted a two-day National Conference on 8 and 9 May 2026 to examine the state of values in Nigeria.

The two days conference held at Rivers State University convocation arena brought together academics, policymakers, legal experts and education leaders under the theme _“Trends and Challenges in Upholding Values in Nigeria.”_

The gathering focused on policy gaps, curriculum reform, and the role of ethics in public service and education.

The event opened on Friday with remarks from Vice Chancellor Prof. Chief Isaac Zeb-Obipi, who stressed the need to address declining moral and civic values across Nigeria’s education and public sectors. A book of abstracts for the plenary sessions was also presented to participants.

Key speakers included former Attorney General Chief Dr Kanu Agabi, SAN; NERDC Executive Secretary Prof. Shehu Salisu; Prof. Hauwa Imam, FNAE, of the University of Abuja; former Rivers SUBEB Chairman Ven Dr Fyneface Akah, ; former NIMASA DG Dr Hon. Dakuku Adol-Peterside; and RSU Director of ICT Prof. Sunny Orike.

Discussions centered on integrating values education into schools, tertiary institutions and public institutions, alongside the impact of technology on moral development among young Nigerians. Panel and plenary sessions produced practical recommendations for curriculum and policy reform.

On Saturday, the foundation marked its centenary with the unveiling of the book _Otonti Nduka in History_, launched by Chief Engr. Grant Offor, FNSE. The Nigerian Academy of Education held a ceremonial procession led by its President Prof. Olu Jegede and the Ikwerre Professors Forum.

In a communiqué, participants called for stronger collaboration between government, civil society and academia to mainstream values education nationwide. They recommended reviewing teacher training curricula and expanding digital platforms to promote ethical civic engagement, with the foundation pledging to share the outcomes with education authorities for implementation.

Dignitaries present included Ogbakor Ikwerre Worldwide as Chief Host, Prof. Emeritus Chief T. Uzodimma Nwala, the Ikenga 1 of Mbaise and first philosophy student of the late Prof. Otonti Nduka, alongside scholars and community leaders.

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Shell, MAN Back Rivers’ Drive for Expanded Gas Supply to Industries

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The Shell Nigeria Gas Limited, in partnership with the Manufacturers Association of Nigeria, has reaffirmed support for efforts to expand gas distribution infrastructure in Rivers State as part of initiatives aimed at improving access to affordable, cleaner and more reliable energy for industries across the South-South region.

The commitment was highlighted during the SNG–MAN Business Forum held in Port Harcourt, where stakeholders from the industrial and public sectors examined the role of natural gas in driving industrialisation, boosting local production and strengthening energy security.

Speaking at the forum on behalf of the Managing Director of Shell Nigeria Gas Limited, the company’s Head of Gas Distribution, Mr. Chukwuka Amos Ejesi, described natural gas as a critical component of Nigeria’s energy mix and a key driver of sustainable industrial growth.

According to him, Nigeria’s gas development agenda has reached a stage where policy direction must be matched with practical implementation capable of addressing the energy challenges confronting manufacturers.

He noted that pipeline gas offers industries a cleaner, more dependable and cost-effective energy alternative capable of supporting uninterrupted operations, reducing emissions and improving production efficiency.

“Gas is the backbone of manufacturing, and we are encouraged by the growing recognition among stakeholders of the need for cleaner and more reliable energy solutions,” he said.

Ejesi stressed the need for sustained collaboration among energy providers, government institutions and industrial stakeholders to maximise the country’s gas resources for economic development.

He added that improved gas infrastructure would strengthen manufacturing value chains, enhance productivity and promote more competitive industrial operations across Rivers State and the wider South-South region.

Participants at the forum also emphasised the importance of expanding energy infrastructure as a pathway to unlocking industrial capacity, reducing operating costs and promoting sustainable industrial development.

Representing Governor Siminalayi Fubara, the Director-General of the Rivers State Investment Promotion Agency, Dr. Chamberlain Peterside, reaffirmed the state government’s commitment to partnering with private sector investors to revitalise industrial activities in the state.

He identified key projects targeted under the initiative to include the revival of the Ahoada Industrial Park, the New Port City project and the proposed Bonny Industrial Park, all aimed at stimulating economic growth and expanding industrial opportunities along the Bonny corridor.

According to the governor, the long-term vision is to position Rivers State as a leading manufacturing hub in Southern Nigeria through strategic public-private partnerships.

Governor Fubara also commended Shell Nigeria Gas and MAN for sustaining engagements geared towards improving industrial energy access, noting that gas infrastructure development remains central to the state’s economic recovery plans.

He further observed that the gas sector presents enormous opportunities for economic growth, especially as global energy systems continue to shift towards cleaner energy sources.

The governor called on stakeholders to work collectively towards developing a practical and sustainable gas framework capable of supporting the state’s industrial and energy development objectives.

Chairman of MAN, Rivers and Bayelsa Branch, Elder Vincent Okuku, described gas as indispensable to industrial operations, noting that many manufacturers continue to struggle with the high cost of alternative energy sources.

Similarly, President of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture, Dr. Chinyere Ngozi Nwoga, said the transition to natural gas had become increasingly necessary for businesses seeking stable and cost-efficient operations.

“Pipeline natural gas provides a more cost-effective and reliable source of energy for industries,” she stated.

Also speaking, former Chairman of MAN in Rivers and Bayelsa States, Mrs. Emilia Akpan, stressed the need to align energy infrastructure development with investment in human capacity.

She maintained that rebuilding the state’s economy would require not only reliable energy supply but also the development of technical skills needed to support long-term industrial growth.

 

By Kevin Nengia

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First Rivers Female Professor of Theatre Arts in Education Delivers UNIPORT’s 211th Inaugural Lecture

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The first female Professor of Theatre Arts in Education from University of Port Harcourt and Rivers State, Prof. Faith Ken-Aminikpo, has delivered the institution’s 211th inaugural lecture to widespread acclaim, highlighting the critical role of theatre in modern education.

The inaugural lecture, titled “Playing and Learning: The Siamese Twins,” was delivered on April 30, 2026, at the university campus in Port Harcourt before an audience comprising academics, traditional rulers, students, and members of the public.

The event attracted applause and commendations for the lecture’s intellectual depth, engaging delivery, and practical relevance to contemporary education.

In her presentation, Prof. Ken-Aminikpo challenged the misconception that Theatre Arts is merely entertainment or academically inferior to other disciplines. She stressed that theatre remains a powerful pedagogical tool capable of improving learning outcomes across diverse fields, including science, medicine, and technology.

According to her, theatre promotes creativity, discipline, emotional intelligence, and critical thinking, describing it as a holistic educational experience beyond acting and performance.

“Theatre is life itself. Every rehearsal is a learning process. Through theatre, we develop creativity, discipline, emotional intelligence, and critical thinking. It is not just about dancing or acting. It is a comprehensive educational experience,” she stated.

The professor, who is also the first PhD holder in the Department of Theatre Arts in Education at the university, described playing and learning as inseparable concepts that must coexist to achieve meaningful education.

She maintained that imaginative and participatory teaching methods significantly enhance students’ engagement, understanding, and retention.

Drawing from her personal teaching experience, Prof. Ken-Aminikpo recounted how she deployed visual aids and creative techniques to teach poetry during her early teaching career, leading to improved student performance.

She also cited the use of models and demonstrations by science teachers to simplify complex concepts as further evidence of the effectiveness of experiential learning methods.

As part of her recommendations, the theatre scholar proposed the establishment of a Centre for Theatre Arts in Education in universities to drive curriculum development, research, interdisciplinary collaboration, capacity building, and community engagement.

She further advocated the creation of a World Theatre-Inspired Children’s Learning Park, which she said would promote youth development, provide practical training opportunities, and generate revenue for institutions.

In his remarks, the Vice Chancellor of University of Port Harcourt, Prof. Owunari Georgewill, commended the inaugural lecturer for what he described as an intellectually stimulating and socially relevant contribution to knowledge.

Similarly, the Dean of the Faculty of Humanities, Prof. J. E. Esmonde, described Prof. Ken-Aminikpo as an accomplished scholar whose work has significantly advanced theatre education in Nigeria and beyond.

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