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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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EFCC Secures Arrest Warrant for Former Humanitarian Minister, Permanent Secretary

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By Yusuf Danjuma Yunusa

A High Court of the Federal Capital Territory in Abuja has ordered the arrest of a former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, following her failure to appear for arraignment.

Justice Jude Onwuegbuzie issued a bench warrant for the ex-minister on Thursday after the prosecution informed the court that she had repeatedly failed to attend proceedings. The judge also ordered the arrest of Bashir Alkali, a former Permanent Secretary in the ministry, who is facing trial alongside Farouq.

The Economic and Financial Crimes Commission (EFCC) is prosecuting the two defendants on a 21-count charge that includes criminal breach of trust, abuse of office, and diversion of public funds. According to the anti-graft agency, the alleged sums involved are approximately $1.37 million and ₦748 million.

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At the resumed hearing, EFCC counsel Rotimi Jacobs (SAN) told the court that the defendants had been granted administrative bail and served with the charges. “However, they have failed to appear before this honourable court for their arraignment,” he said.

Jacobs added that efforts to secure their attendance had proved unsuccessful, with only one of the defendants present in court. He also drew the court’s attention to the former minister’s failure to return her international passport after being permitted to travel abroad for medical reasons. “The first defendant has failed to return her international passport after travelling abroad on medical grounds, and no medical report has been presented before this court to justify her absence,” Jacobs stated.

Defence counsel Abdul Ibrahim (SAN) attributed his client’s absence to ill health and urged the court to consider an affidavit to that effect. He further requested a six-week window to produce the former minister in court.

Justice Onwuegbuzie rejected the request and granted the prosecution’s application for a bench warrant.

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Dangote Spotlights Refinery, Vision 2030, Others, At Nasarawa Trade Fair

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Regional Director/Senior Adviser to Aliko Dangote, Fatima Wali-Abdurrahman.

 

Africa’s leading conglomerate will feature its flagship Dangote Refinery and Petrochemical Company at the 2026 Nasarawa Trade Fair, which will be officially declared open by the State Governor, Abdullahi Sule, on April 20.

Dangote Industries Limited will also showcase its Vision 2030, which focuses on driving innovation and Africa’s industrialization.

The Dangote Group is the major sponsor of the Nasarawa Trade Fair and Exhibition (NASTFE) with the theme: Unlocking Industrial Synergy: Deepening the Value Chain and Driving Inclusive Growth in Nasarawa State.

A statement from the company’s spokesman, Anthony Chiejina, said other Strategic Business Units of the company will be participating at the annual event in the state capital, Lafia.

Anthony Chiejina stated that products to be featured at the Fair will include those from the Group’s Strategic Business Units, such as Dangote Cement, Dangote Sugar, Dangote Salt and seasonings, Dangote SinoTruk, Dangote Packaging, and Dangote Fertiliser.

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The statement quoted the Regional Director/Senior Adviser to Dangote Group President, Fatima Wali Abdurrahman, as saying that Nasarawa State is key to the Group’s overall investment in Africa.

“It is home to Dangote’s Nasarawa Sugar Company Limited (NSCL). The sugar project, when completed, will be one of the biggest sugar investments in Africa,” she said.

Mrs. Wali-Abdurrahman noted that the Trade Fair provides a valuable platform for the company to engage with key stakeholders and Nigerians interested in exploring business opportunities with the organization.

She stated that a dedicated Help Desk will handle inquiries, enabling the company to effectively engage participants on the Dangote Group’s Strategic Business Units.

Speaking to newsmen in Lafia, Chairman and Council members of the Nigeria Association of Small-Scale Industrialists (NASSI), Nasarawa State Chapter, Nidan Sambo Manasseh, said the theme for this year’s Trade Fair aptly aligns with Dangote Group’s vision.

“We align strongly with the vision of Aliko Dangote, whose leadership continues to shape Nigeria’s economic future. His focus on industrialization, local production, and value creation inspires our efforts to connect MSMEs to structured value chains.

“Through this partnership, we are building a bridge between grassroots businesses and large industries, driving inclusive growth,” he said.

He said the third edition of NASTFE is designed as a practical business, industrial, and human capital development platform, adding that it is not just an exhibition.

According to him: “A major highlight of this year’s programme is the Empowerment Skill Acquisition Programme (ESAP), now structured as a package project for sponsorship support.

“ESAP is a yearly initiative from July-December targeting 2,000 beneficiaries across the 13 Local Government Areas of the State.

“The programme is strategically designed as a mobile training system, moving from one Local Government to another to ensure inclusive grassroots participation.”

Speaking on the Dangote Group’s Vision 2030, he said: “Our strategy is to align local enterprise development with large-scale industrial systems.”

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Al-Istiqama University Secures Full Accreditation for 11 Academic Programmes

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The Management of Al-Istiqama University, Sumaila, Kano State, is pleased to announce that the National Universities Commission (NUC) has granted Full Accreditation status to a total of eleven (11) academic programmes following the comprehensive accreditation exercise conducted in November and December 2025.

According to the official report released by the NUC, the programmes were assessed based on the Core Curriculum and Minimum Academic Standards (CCMAS), with emphasis on curriculum content, quality of academic staff, physical facilities, library resources, and employers’ rating.

The programmes granted Full Accreditation are:

Faculty of Health Sciences:
• Community Health Science
• Nursing Science
• Public Health

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Faculty of Arts, Social and Management Sciences:
• Shari’ah
• Criminology and Security Studies
• International Relations
• Sociology

Faculty of Science and Computing:
• Biology
• Biotechnology
• Computer Science
• Software Engineering

This achievement affirms the University’s unwavering commitment to delivering quality education and reflects the dedication and professionalism of its academic and administrative staff in building a centre of excellence. With this development, all accredited programmes have secured full recognition for a period of five (5) years.

The Management expresses its profound appreciation to the Founder, Senator Sulaiman Abdurrahman Kawu Sumaila, OFR, Ph.D., the Governing Council, Faculty Members, Heads of Departments, staff, and students for their collective efforts and commitment, which made this milestone possible.

Al-Istiqama University remains resolute in sustaining and further enhancing the high standards that have earned it this prestigious recognition.

Signed:
Professor Abdulhadi Sale Kumurya
Vice-Chancellor
Al-Istiqama University, Sumaila, Kano State

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