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FAAC Disburses N1.578 Trillion March Revenue to FG, States, and LGAs
The Federation Account Allocation Committee (FAAC) has distributed a total revenue of N1.578 trillion among the federal, state, and local governments for the month of March 2025.....KINDLY READ THE FULL STORY HERE▶
This was disclosed in a communiqué released on Tuesday following FAAC’s meeting in Abuja. The disbursed funds comprise N931.325 billion in statutory revenue, N593.750 billion from Value Added Tax (VAT), N24.971 billion from the Electronic Money Transfer Levy (EMTL), and N28.711 billion in exchange difference revenue.
According to FAAC, the total gross revenue for March stood at N2.411 trillion. From this, N85.376 billion was deducted for collection costs, and N747.180 billion was allocated for transfers, refunds, and government interventions.
Gross statutory revenue alone was N1.718 trillion, showing an increase of N65.422 billion from February 2025’s N1.653 trillion. However, VAT revenue declined, falling from N654.456 billion in February to N637.618 billion in March — a drop of N16.838 billion.
The federal government received a total of N528.696 billion, states were allocated N530.448 billion, while local governments received N387.002 billion. Additionally, N132.611 billion, representing 13% derivation from mineral revenues, was distributed to oil-producing states.
From the N931.325 billion statutory allocation, the federal government took N422.485 billion, states received N214.290 billion, and local governments got N165.209 billion. A separate N129.341 billion was disbursed to qualifying states as derivation revenue.
In terms of VAT, the federal government got N89.063 billion, states received N296.875 billion, and local councils received N207.813 billion.
The EMTL revenue of N24.971 billion was shared with the federal government receiving N3.746 billion, states N12.485 billion, and local governments N8.740 billion.
From the exchange difference revenue of N28.711 billion, the federal government received N13.402 billion, states got N6.798 billion, and local councils received N5.241 billion, with an additional N3.270 billion disbursed as derivation.
The communiqué noted that Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) recorded significant increases during the month, while there were declines in Oil and Gas royalties, VAT, EMTL, excise duty, import duty, and Common External Tariff (CET) levies.
Nigeria Customs Service (NCS) has recorded a historic breakthrough with the emergence of its first female pilot, Superintendent of Customs Nafisat Balogun, who recently earned a commercial multi-engine pilot licence in the United States.....KINDLY READ THE FULL STORY HERE▶
The achievement was celebrated by the Nigeria Customs Technical Hangar Service, marking a significant step in the agency’s drive to strengthen its aviation capacity for surveillance, logistics, and anti-smuggling operations.
At a ceremony attended by senior officers, the Managing Director of the Customs Technical Hangar Service, retired Comptroller of Customs Capt. Kuhi Mbaya, described the development as a landmark moment for the service.
He said Balogun’s transition from cabin crew to certified commercial pilot represents a major breakthrough for the Customs aviation unit and highlights the agency’s commitment to professional growth and inclusivity.
He added that the milestone reflects expanding opportunities within the Service as it continues to integrate air assets into its enforcement and border monitoring operations.
Balogun expressed gratitude for the support she received, noting that her journey required dedication and resilience, while pledging to apply her new skills in advancing the Customs mandate with professionalism and discipline.
The development has been widely described within the Service as an inspiration for greater female participation in technical and specialised roles.
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Osun 2026: APC Candidate Oyebamiji Pledges Inclusive Governance For Non-Indigenes, Interest Groups.
The All Progressives Congress (APC) governorship candidate in Osun State, Asiwaju Bola Oyebamiji (AMBO), has pledged to ensure inclusive governance by integrating non-indigenes and various interest groups if elected in the August 15, 2026 governorship election.....KINDLY READ THE FULL STORY HERE▶
He said his administration would operate a structured system that promotes participation and representation of all segments of society in governance.
The pledge was conveyed by a former lawmaker and ex-Special Adviser on Civic Engagement, Hon. Olatunbosun Oyintiloye, after he represented the candidate at an engagement with members of the Arewa community in Ibokun, Obokun Local Government Area.
Oyintiloye said the plan is aimed at strengthening the link between government and grassroots communities, ensuring public policies reflect citizens’ real needs.
He added that all groups would be actively involved in both policy formulation and implementation to drive development in the state.
Oyebamiji also promised continued engagement with farmers, traders, artisans, and non-indigene communities as key stakeholders in governance.
Responding, leaders of the Arewa community commended past inclusion efforts and pledged support for the APC candidate ahead of the election.
Barely a year after its inauguration in Akwa Ibom State, the African Democratic Congress (ADC) has been plunged into a deep factional crisis.....KINDLY READ THE FULL STORY HERE▶
Multiple factions are now locked in a struggle for control of the party, leaving members uncertain about the legitimate leadership structure.
One faction is led by John Akpanudodehe, a former National Secretary of the All Progressives Congress (APC), while another is headed by the embattled state chairman, Dick Duke.
Although the leader of a third faction could not be immediately confirmed, findings indicate that another group also exists within the party.
Sources further suggest that the Akpanudodehe-led faction is seeking to remove the current chairman through a recently held congress that has sparked controversy.
In response, Dick Duke convened a stakeholders’ meeting over the weekend, where he rejected the legitimacy of the said congress.
He said the party had formally written to the Independent National Electoral Commission (INEC) to distance itself from the exercise, citing a subsisting court order.
According to him, his tenure as state chairman is still valid until May, and any congress conducted before then would be unlawful.
Duke added that the party would only proceed with proper congresses after the expiration of his tenure and the resolution of legal issues, in line with due process.
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