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FG Rakes In N84bn From Digital Transfer Levy In Q1 2025

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The Federal Government amassed N84.05bn from the Electronic Money Transfer Levy (EMTL) during the first quarter of 2025, according to data reviewed from a Federal Inland Revenue Service (FIRS) document obtained by Sunday PUNCH.....KINDLY READ THE FULL STORY HERE▶

The figure marks a 76 per cent increase compared to the N47.74bn collected during the same period in 2024, highlighting improved enforcement measures and Nigeria’s growing embrace of digital financial transactions.

A detailed analysis showed that EMTL collections in January 2025 reached N21.40bn, a 29.1 per cent rise compared to N16.59bn collected in January 2024. February recorded a sharp leap, with revenues surging to N36.64bn — more than double the N15.79bn collected in February 2024, representing a 132 per cent growth.

In March 2025, collections stood at N26.01bn, a 69.2 per cent increase over the N15.37bn recorded in March 2024. Month-to-month performance revealed that February outpaced January by 71 per cent, although March’s figures dropped by 29 per cent compared to February’s peak while still outperforming March 2024 figures significantly.

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The EMTL, introduced via the Finance Act 2020 and operational since 2021, places a N50 charge on electronic transfers or receipts amounting to N10,000 and above. Proceeds are distributed among federal, state, and local governments based on an agreed revenue-sharing formula, bolstering Nigeria’s drive to diversify its revenue streams beyond oil.

Typically, 15 per cent of the EMTL proceeds are allocated to the Federal Government, while 85 per cent are shared between states and local governments.

Documents from the Office of the Accountant General of the Federation showed that the Federation Account Allocation Committee (FAAC) distributed a total of N80.69bn from EMTL proceeds in Q1 2025 — a significant rise from N46.45bn shared during the same period in 2024.

In January 2025, FAAC disbursed N20.548bn in EMTL collections, with the Federal Government receiving N3.082bn, states N7.192bn, and local governments N10.274bn.

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February’s disbursement rose sharply to N35.171bn: the Federal Government got N5.276bn, states received N17.585bn, and local councils collected N12.310bn.

In March 2025, a total of N24.971bn was shared, with N3.746bn going to the Federal Government, N12.485bn to states, and N8.740bn to local governments.

Compared to Q1 2024, the total amount shared from EMTL in Q1 2025 increased by 73.7 per cent. The Federal Government’s allocation jumped from N6.875bn in Q1 2024 to N12.104bn in Q1 2025 — a 76 per cent rise.

State governments saw their share grow from N22.916bn to N37.262bn, a 62.6 per cent increase, while local government councils recorded the highest growth rate of about 88 per cent, moving from N16.659bn in Q1 2024 to N31.325bn in Q1 2025.

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“ADC Ex-Chairman Nwosu Speaks On Hotly Contested Presidential Ticket Zoning”.

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The founder and pioneer National Chairman of the African Democratic Congress (ADC), Ralph Nwosu, has said the party has not yet reached a final decision on zoning its presidential ticket ahead of the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

reports that Nwosu made this known in an interview with Punch, while responding to calls by former Vice President Atiku Abubakar for the North to produce the next president.

He explained that the ADC currently maintains an open structure regarding its presidential ticket, giving all regions equal opportunity to contest.

According to him, “In ADC, it is open.”

Nwosu noted that zoning had been a subject of discussion during coalition negotiations, with some Northern stakeholders arguing for fairness based on political rotation since 1999.

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He said some young Northerners who visited him argued that since the return to democracy, power has been shared unevenly between the North and South, which influenced how he now views the debate.

He added that while he had not initially considered it from that angle, the argument reflects a political reality being discussed within the system.

On how the party intends to choose its presidential candidate, Nwosu said the ADC is considering two possible methods—consensus and direct primaries.

He explained that if stakeholders agree, a consensus arrangement would be adopted, but where disagreements arise, the party would proceed with direct primaries, and the winner would emerge as the flagbearer.

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Nwosu also disclosed that several prominent politicians have indicated willingness to support whoever emerges as the party’s candidate, regardless of outcome.

He mentioned figures such as Rotimi Amaechi, Atiku Abubakar, and Peter Obi as those who have reportedly made such commitments, adding that he expects Rabiu Kwankwaso to also take a similar stance.

He stressed that transparency remains central to the ADC’s internal processes, noting that this principle guided the party’s leadership structure and decision-making.

According to him, the leadership arrangement, including the role of David Mark, was supported because of the need for credible and transparent primaries within the party.

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“2027: Kwankwaso Makes Double Appeal To Nigerians Ahead Of Elections”.

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Former presidential candidate of the New Nigeria Peoples Party (NNPP), Rabiu Kwankwaso, has called on Nigerians both within the country and in the diaspora to actively participate in the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶

reports that Kwankwaso, a chieftain of the African Democratic Congress (ADC), made the appeal in a video posted on his official handle on Monday night.

The former Kano State governor urged citizens, particularly young people, to complete their voter registration with the Independent National Electoral Commission (INEC) ahead of the polls.

He also encouraged Nigerians to register with the African Democratic Congress (ADC), as the coalition party positions itself ahead of the 2027 elections.

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He said, “Fellow Nigerians, it is time for every eligible Nigerian young and old, in the cities and in the villages, at home and in the diaspora to take two decisive steps:

“Register to vote with the Independent National Electoral Commission (INEC) without delay.

“Register with the African Democratic Congress (ADC).”

Meanwhile, a factional leader within the ADC, Nafi’u Bala Gombe, has dismissed any engagement with Kwankwaso, claiming his past actions towards the North make such discussions meaningless.

Speaking in an interview with Premier Radio in Kano, Gombe accused Kwankwaso of failing to act in the best interest of Northern Nigeria when he had the opportunity.

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He further alleged that Kwankwaso contributed to the region’s political setbacks, insisting he did not use his past positions to bring meaningful development.

Gombe said Kwankwaso once reached out with suggestions on solutions for the North, but he rejected the idea, accusing him of failing the region when it mattered most.

He also claimed that Kwankwaso’s participation in the last general election weakened the North’s political influence, especially with other major contenders in the race.

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“Adasobo Festival Lights Up Kishi As Hunters Display Courage, Tradition And Unity”.

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The ancient town of Kishi in Irepo Local Government Area of Oyo State came alive on Monday as indigenes and visitors gathered to celebrate the centuries-old Adasobo Festival, a cultural event deeply tied to the identity and heritage of the people.....KINDLY READ THE FULL STORY HERE▶

The festival, which attracts sons and daughters of Kishi from across Nigeria and the diaspora, is marked by traditional rites, symbolic performances, and communal gatherings that reflect the town’s rich cultural history.

During a visit by our correspondent on April 20, 2026, key locations such as the palace of the Iba of Kishi and Ansarudeen School—situated near the town’s market and serving as major festival grounds—were filled with activity. Chiefs, elders, and residents all gathered in colourful traditional attire to observe the rituals and pay homage to the monarch.

Royal Presence And Cultural Celebration

The Iba of Kishi sat in state as traditional chiefs and subjects paid homage in line with long-established customs. The palace courtyard was filled with drumming, chants, and cultural performances that entertained the gathering.

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The monarch and his wife were seen enjoying the festivities while awaiting the return of hunters who had gone into the forest as part of the festival’s traditional rites.

Speaking on the significance of the event, the Laha of Kishi land, Dr Yusuf Adeleke Ibrahim, described the Adasobo Festival as a strong symbol of unity and identity for the people.

He explained that the hunters’ expedition into the forest and the presentation of their catch form a key part of the tradition, with rituals performed upon their return.

According to him, the festival is not only a celebration but also a reminder of ancestral roots and communal bonds.

Another traditional leader added that the festival helps younger generations reconnect with their heritage at a time when modern influences are gradually affecting cultural practices.

Hunters’ Return Highlights Festival

A major highlight of the celebration was the return of local hunters from the surrounding forests with animals they had successfully hunted. Their arrival was met with excitement as residents lined the streets to welcome them.

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The display of the hunted game is symbolic, representing courage, skill, and the historical importance of hunting in the community’s way of life.

Beyond its cultural significance, the festival also boosted social and economic activities in the town, with traders, food vendors, and artisans recording increased patronage as visitors thronged the area.

Reunions, music, and celebrations filled the streets as families and friends came together for the occasion.

Grand Finale Ahead

Dr Ibrahim also announced that the grand finale of the Adasobo Festival will take place on Saturday, with dignitaries and neighbouring communities expected to attend.

Residents expressed anticipation for the closing ceremony, which is expected to feature more elaborate cultural displays and larger crowds.

For the people of Kishi, the Adasobo Festival remains more than a cultural event—it is a living tradition that preserves their history, celebrates their identity, and strengthens their unity.

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