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Federal Government ,States,LGA’s Share 1.289 Trillion Naira For The Month Of September

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The Federation Account Allocation Committee (FAAC), at its October 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.298 Trillion to the three tiers of government as Federation Allocation for the month of September, 2024 from a gross total of N2.298 Trillion.

From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), Exchange Difference (ED and Augmentation of N150.000 billion, the Federal Government received N424.867 Billion, the States received N453.724 Billion, the Local Government Councils got N329.864Billion, while the Oil Producing States received N90.415 Billion as Derivation, (13% of Mineral Revenue).

The sum of N80.993 Billion was given for the cost of collection, while N878.946 Billion was allocated for Transfers Intervention and Refunds.

The Communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax (VAT) for the month of September 2024, was N583.675 Billion as against N573.341 Billion distributed in the preceding month, resulting in a increase.

From that amount, the sum of N23.347 Billion was allocated for the cost of collection and the sum of N16.810 Billion given for Transfers, Intervention and Refunds. The remaining sum of N543.518 Billion was distributed to the three tiers of government, of which the Federal Government got N81.258 Billion, the States received N271.759 Billion and Local Government Councils got N190.231 Billion.

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Accordingly, the Gross Statutory Revenue of N1.043 Trillion received for the month was lower than the sum of N1.221 Trillion received in the previous month by N177.426 Billion. From the stated amount, the sum of N56.878 Billion was allocated for the cost of collection and a total sum of N862.136 Billion for Transfers, Intervention and Refunds.

The remaining balance of N124.718 Billion was distributed as follows to the three tiers of government: Federal Government got the sum of N43.037 Billion, States received N21.829 Billion, the sum of N16.829 Billion was allocated to LGCs and N43.021 Billion was given to Derivation Revenue (13% Mineral producing States).

Also, the sum of N19.213 Billion from Electronic Money Transfer Levy (EMTL) was distributed to the three (3) tiers of government as follows: the Federal Government received N2.767 Billion, States got N9.222 Billion, Local Government Councils received N6.456 Billion, while N0.768 Billion was allocated for Cost of Collection.

The Communique also disclosed the sum of N462.191 Billion from Exchange Difference, which was shared as follows: Federal Government received N218.515 Billion, States got N110.834 Billion, the sum of N85.448 Billion was allocated to Local Government Councils, N47.394 Billion was given for Derivation (13% of Mineral Revenue).

It further disclosed of the Augmentation of N150.000 Billion which was shared as follows:
Federal Government received N70.020 Billion, the States got N40.080 Billion and the LGCs received N30.900 Billion.

Oil and Royalty, Excise Duty, Electronic Money Transfer (EMTL) and CET levies increased considerably. While Value Added Tax (VAT) and Import Duty increased marginally. Petroleum Profit Tax (PPT) and Company Income Tax (CIT) and others recorded significant decreases.

According to the Communique, the total revenue distributable for the current month of September 2024, was drawn from Statutory Revenue of N124.716 Billion, Value Added Tax (VAT) of N534.518 Billion, N18.445 Billion from Electronic Money Transfer Levy (EMTL), N462.191 Billion from Exchange Difference and Augmentation of N150.000 Billion, bringing the total distributable amount for the month to N1.298 Trillion.

The balance in the Excess Crude Account (ECA) as at October 2024 stands at $473.754

In his opening remarks, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, restated the President Bola Ahmed Tinubu-led Administration’s commitment to implementing policies, programmes and initiatives that will enhance revenue generation with a view to enhancing the overall well-being of Nigerians in line with contemporary realities.

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VP Shettima Vows Overwhelming Force Against Terrorists After Borno Attack

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By Yusuf Danjuma Yunusa

Vice President Kashim Shettima has vowed that the Federal Government will end insurgency in the North-East with “decisive and overwhelming force”.

This followed recent attacks in Borno State that resulted in casualties among security personnel and civilians.

Shettima, in a statement on Saturday by his Senior Special Assistant on Media and Communications, Stanley Nkwocha, declared that the government will not be intimidated by the attacks, which included abductions in Ngoshe and coordinated assaults on military formations.

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“We remain one nation, tied to a common destiny. The sanctity of human life is non-negotiable.

“This madness will be brought to an end, not with empty words, but with the decisive and overwhelming force of the Nigerian State,” the Vice President stated.

He disclosed that the government is deploying additional tactical assets and intelligence-driven reinforcements to affected areas in response to the attacks.

“The events of the past few days are a painful reminder of the shadow that persists, but let it be known: we choose light over shadow, and hope over despair.

“Our difference as a nation is the distance between the ruin of anarchy and the promise of order,” Shettima said.

The Vice President revealed that President Bola Tinubu had been briefed on the attacks and directed swift and total mobilisation of the security architecture.

“The Federal Government will not tolerate any sanctuary for those who seek to displace our people or occupy an inch of Nigerian soil,” he stated.

The recent attacks targeted military formations in Konduga, Marte, Jakana, and Mainok, with insurgents briefly overrunning some positions before reinforcements arrived. In Ngoshe, residents were abducted by the terrorists.

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Presidency Claims Insecurity Is Not Getting Worse As Terrorists Abduct Hundreds of Nigerians

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By Yusuf Danjuma Yunusa

Daniel Bwala, Special Adviser to President Bola Ahmed Tinubu on Policy Communication, has said insecurity in Nigeria is not worsening.

Nigeria has in recent times witnessed renewed terrorist activities, including the abduction of school children in Niger, Kebbi States, attacks on mosques and churches, and other violent incidents that have affected communities across the country.

On Wednesday, suspected Boko Haram/ISWAP terrorists abducted more than 100 women and children in an attack on Ngoshe community in Gwoza Local Government Area of Borno State.

The terrorists also killed the chief imam of the town, some community elders and soldiers during the assault which occurred shortly after Muslims broke their fast on the ill-fated day.

Speaking on Al-Jazeera’s Head to Head with Mehdi Hassan at Conway Hall in London, Bwala said the Nigerian government was doing its best to contain the situation.

He noted that for the first two years of the President’s administration, Nigeria experienced substantial peace.

“I acknowledge the fact that we have insecurity in Nigeria, and until the hoax narrative of the ‘Christians genocide,’ we began to see back-to-back attacks in the country. For the first two years of the present administration, we experienced substantial peace in Nigeria.

“There is no country in the world today that is completely free from insecurity. There are parts of London where you cannot go in the evening.”

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On renewed terrorist attacks in some parts of the country, Bwala stated that Nigeria was cooperating with different countries to stem the tide of insecurity affecting it.

“That is one of the reasons the President travelled to Turkey, where we reached a bilateral agreement to deal with insecurity. That is also why we are cooperating with the United States of America and other countries of the world. The reason is that, since 9/11, terrorism has been a global phenomenon, and every country is involved in it.

“I can’t say it is getting worse. As a government, we are working day and night to deal with the situation.

“I don’t agree to the fact that it (insecurity) is getting worse.” he insisted.

Bwala accused Western media of portraying Nigeria and Africa negatively. Using a glass of water to illustrate his point, the presidential aide said while the western media would see it as half empty, Nigerians would view it as half full.

“Before the President took office, we knew the situation in Nigeria. When he decided to take bold steps to place the country on a better trajectory, we were well aware of the fact that it was going to incense lots of people.”

He highlighted government efforts to confront terrorism, including, according to him, the arrest of Boko Haram and Lakurawa leaders six months before the US President Donald Trump’s statement on insecurity and redesignation of Nigeria as a country of particular concern.

“Six months before that, we arrested leaders of Boko Haram and Lakurawa, and prior to that, we eliminated a number of terrorists. The US State Department commended Nigeria for that. The US Embassy recognised these efforts even before Trump’s statement.

“We declared national emergency on insecurity six months before Donald Trump’s statement. That was around April or May 2025.”

Answering questions around rising spate of kidnappings in the country, Bwala, however, admitted that the situation has become a crime economy.

“I acknowledge that insecurity related to kidnappings has become a crisis economy, but much more than that, I know of our government’s efforts in dealing with that insecurity.

“If one understands Nigeria’s geography and the nature of insecurity, one will understand that we are confronting a complex, hydra-headed problem.

“Regarding the kidnapping of children, the government has implemented the Safe Schools Initiative, relocating students from remote, insecure areas to state capitals so they can access the education they need safely.” he added.

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Labour Party Returns to Its Roots: A Chance for Reform and Grassroots Mobilization

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After months of legal and political contest, the Labour Party appears to be returning to the control of its founding base Nigeria’s organized labour movement and grassroots supporters. Party insiders told reporters that the shift marks “a re‑alignment with the original vision of the Labour Party as a workers’ platform.”

The Labour Party was originally established with strong backing from the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) of Nigeria. According to labour historians, the party was designed to provide workers, professionals, and ordinary citizens with a political platform that represents their interests.

However, analysts note that the party’s recent surge in popularity attracted many political actors, creating internal struggles over leadership and direction. The dispute eventually reached the Supreme Court of Nigeria, which on 5 April 2025 ruled that political parties must operate according to their constitutions and internal democratic principles. Legal experts described the judgment as “a landmark decision reinforcing party discipline.”

Labour leaders say the ruling represents an opportunity to rebuild the party around its original ideology of social justice and people‑centered governance. Speaking in Kano, Comrade Abbas Ibrahim, Assistant Secretary of the NLC Kano Council, emphasized that “this is a chance to restore the Labour Party’s founding mission as the political voice of Nigeria’s working people.”

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Stakeholders argue that to prevent future hijack, the party must strengthen internal democracy, ensure transparent primaries, and create institutional roles for labour organizations in its decision‑making structures. According to party officials, clear membership verification and strong disciplinary measures will also be necessary to discourage opportunistic infiltration.

Beyond internal reforms, Labour Party leaders believe the real task is rebuilding grassroots structures across the country. In a statement, senior officials explained that mobilizing trade unions, youth groups, professionals, and community networks will be key to transforming the party into a strong mass movement.

Political observers caution that the coming months will determine whether the party can consolidate its base and maintain its identity as a genuine workers’ platform. One analyst noted that “the Labour Party’s survival depends on whether it can balance its grassroots appeal with the pressures of national politics.”

For many supporters, the moment represents more than a leadership victory. As Comrade Ibrahim put it, “At last, the Labour Party has returned to its roots, underscoring the need for persistent reform, visibility, and mobilization to guard against political hijack. A stitch in time saves nine.

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