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FAAC: FG, States, LGs share N1.411tn For October

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A total sum of N1.411 trillion, being October 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils.

A statement by the Office of the Accountant General of the Federation last Wednesday, said the revenue was shared at the November 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Bauchi State, and chaired by the Accountant General of the Federation. Dr. Oluwatoyin Madein.

The November 2024 FAAC meeting was held after the 2024 National Council on Finance and Economic Development (NACOFED) hosted by the Bauchi State Government. The N1.411 trillion total distributable revenue comprised distributable statutory revenue of N206.319 billion, distributable Value Added Tax (VAT) revenue of N622.312 billion, Electronic Money Transfer Levy (EMTL) revenue of N17.111billion and Exchange Difference revenue of N566.000 billion.

A communiqué issued by the Federation Accounts Allocation Committee (FAAC) indicated that a total gross revenue of N2.668 trillion was available in October 2024. Total deduction for the cost of collection was N97.517 billion while total transfers, interventions and refunds were N1.159 trillion.

According to the communiqué, gross statutory revenue of N1.336 trillion was received for October 2024. This was higher than the sum of N1.043 trillion received in September 2024 by N293.009 billion. Gross revenue of N668.291 billion was available from the Value Added Tax (VAT) in October 2024.  This was higher than the N583.675 billion available in the month of September 2024 by N84.616 billion.

The communiqué stated that from the N1.411 trillion total distributable revenue, the Federal Government received a total sum of N433.021 billion and the State Governments received a total sum of N490.696 billion. The Local Government Councils received a total sum of N355.621 billion, and a total sum of N132.404 billion (13% of mineral revenue) was shared among the benefiting states as derivation revenue.

On the N206.319 billion distributable statutory revenue, the communiqué stated that the Federal Government received N77.562 billion and the State Governments received N39.341 billion.

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Our Govt Not Inflicting Pains On Rivers People – Fubara

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Rivers State Governor, Sir Siminalayi Fubara, has said that his administration does not have any intention and will not inflict pains on Rivers people.
The Governor explained that rather, he has continued to fight like gallant soldiers would do, to protect the State from enemies who hatch plans and schemes daily to halt governance, create chaos and unending disaffection among the people.
Governor Fubara said that with determination and unwavering commitment, the administration was addressing itself to fulfilling all obligations of government to the people without pretense.
The Governor made the assertion last Thursday at the Banquet Hall of Government House in Port Harcourt during the Emblem Appeal Fund Launching, preparatory to the Armed Forces Remembrance Day Celebration on January 15, 2025.
Governor Fubara stated how mutual and healthy cooperation have been maintained with the security agencies to guarantee the prevailing peace in the State.
He also explained that while the employment of 10,000 persons into the State Civil Service was cancelled, 2,000 professionals have been employed in the health sector, with 1,000 employment slots reviewed upward for the Universal Basic Education and Post-Primary Schools.
Governor Fubara said that while scholarships have also been awarded to Rivers State youths in PAMO University of Medical Sciences and Wigwe University; the N85, 000, new minimum wage has been implemented for civil servants in the State.
He said, “We have gone past the stage where you just employ 10,000 civil servants. It will not help the growth of this State for now. We are going to the general one later. So, that was the reason why I suspended it, and insisted that employment that should be approved, should be those for professional cadre.
“I can say boldly that we have employed over 2,000 medical doctors. The records are there. We have also employed teachers. At least, for UBE, I have okayed the approval of 1,000, which they did before, and we have also asked them to increase the number, both for the UBE and the Post- Primary Schools Boards.
“On the issue of scholarship, Rivers State Government has not started empowering its scholarship board yet. But there are some scholarships that we have offered. We did so in PAMO University, and we also did so recently in Wigwe University.
“So, if it’s those ones, the Rivers State Government has no hand in the process of selection. You have to pass the exams to be on the list of 100-150.
“Otherwise, be patient, when we start our own internal one; the one that the Scholarship Board will do, maybe, the criteria might be different, and we assure you, more persons will be accommodated.”
Governor Fubara also said: “Some persons who have decided to be enemies of this State wanted us to experience a black Christmas, but because we are determined to make sure that the interest of Rivers State should be the first thing, we were able, not easy, but to meet our obligations as a government.
“And today, I can say boldly that our civil servants are happy, even in the face of all the propaganda that the State’s allocation fell under one bridge.
“But we are now the first State that did not just make the promise but have lived up to that promise. Today, civil servants that were collecting N70,000 are jubilating with N120,000, N140,000.
“What is the greatest joy any government can achieve? You might do some projects, but the most important thing is the happiness that you leave in the hearts of people.
“People will forget that Sir Dr Peter Odili built this Banquet Hall, but they won’t forget the story of when they couldn’t pay their children’s school fees because of poor salary.
“But with their salary now improved, they will always remember that, and say look, if not for that government, this my son wouldn’t have been a graduate; if not for that salary, this my son would not be a lawyer; he will not be a judge; he will not be an engineer.
“So, the most important thing is making sure that Rivers people are first in everything we do.”
Speaking on the Emblem Appeal Fund Launching, Governor Fubara recalled the excitement that the family usually feels when, as children of a military officer, they see their mother return from such events because she was a widow.
Governor Fubara said, no amount of money donated will be enough to commensurate the services rendered by war veterans who ensured the protection of the country’s sovereignty, territorial integrity and unity among the people.
He said, “This event means so much to me because I fall in the category of the dependants of the fallen heroes. Maybe, you don’t understand: my late father was a military officer! So, I am also one of them that are dependants.
“It is important to us because every January when my mother went for that event, she came back smiling. So, we have to join hands together to make this one very special.
“We cannot do enough. No matter what we do, the losses are there; those spaces cannot be filled. But the only thing we can do is to cushion the effects, and in cushioning that effects, we need to give our support to the survivors of the fallen heroes.”
Governor Fubara told legionnaires in the State that the promised 50 slots of employment are still available, awaiting when embargo on general employment into the State Civil Service will be lifted.
The Governor also urged them to inject part of the money realised from the launching into the scholarship scheme that they have floated to cater to their children’s welfare in tertiary institutions.
Governor Fubara expressed appreciation to all lovers of democracy and Rivers people for their support to his administration.
He assured that despite the distractions, he and his team will remain determined to follow through the dictates of good governance and leaving legacies that will endure.
He added, “So, let me thank everyone of you that has continued to support us. God doesn’t start and end half way. We are determined to follow this journey and will follow it to the end where everyone will know that it is only God Almighty that gives power.
“I need to commend our security agencies for their support. I can say with all amount of assurance, that they have been very cooperative. I know a lot of them are under one pressure or the other, which is normal.
“But we can always ask you to do the right thing. We will not ask you to do the wrong thing. Therefore, doing the right thing is easy and that brings peace in the State. We are happy with what you are doing. We will continue to support you to succeed in Rivers State.”
Governor Fubara launched the emblem with N40million on behalf of the Rivers State Government.
In his speech, Secretary to the Rivers State Government (SSG), Dr Tammy Danagogo, acknowledged the sacrifices made by officers, with some of them paying the supreme prize, leaving spouses as either widows or widowers, and children as orphans.
Dr Danagogo said it is for such survivors and also for those who are still in active peacekeeping activities that the day is dedicated to galvanise financial support for them to cater to their welfare.
He said, “They are the survivors of wars, past and present. They are fighting insurgents, herdsmen, and terrorists; of course, not without scars. They are here in our midst.
“They did not negotiate any terms of engagement with the country. They simply asked: ‘what can we do for our country’? They volunteered and lost the luxury of comfort so that we can have the luxury of peace.
“It is, therefore, time to, once again, wake our gratitude. Donate for the welfare and upkeep of these veterans who laboured for your sake.”
Giving his remarks, the Acting Chairman, Nigeria Legion, Rivers State Chapter, ACC Kuu Aminkipo Promise, explained that such annual event serves to give recognition to military officers who have offered salient military services to the country.
In the course of such services, some die, he said, leaving their loved ones behind while others live but with life-long injuries, adding that the help galvanized at the launch offers hope to spouses, children and other dependants.
While thanking Governor Fubara for the immeasurable support given to legionnaires, ACC Promise noted that the legion is yet to access the promised employment of 50 of their wards and members while also requesting financial support to fund the scholarship floated for their wards

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Afenifere, Ohanaeze, ACF Demand Restructuring, Want Nigeria Renamed

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The major ethnic groups in Nigeria under the aegis of The Rebirth Group (TRG) have recommended regionalism and parliamentary system as the only way to tackle various challenges plaguing the country.
The TRG, comprising Afenifere, Ohanaeze Ndigbo, and Arewa Youths Consultative Forum (ACF) and other ethnic groups, also said the country should be renamed United Regions of Nigeria (URN).
This was contained in a communique issued at the end of a symposium in Kaduna.
The symposium titled, ‘Envisioning Nigeria’s Future: Addressing the National Question’, was convened by Owolabi Oladejo.
According to the communique, which was jointly signed by Comrade Jare Ajayi, Mr. Olaolu Abogunloko and Mr. DIY Nweze, the groups resolved that the country should be reorganised into regions.
According to the communique, “the regions should be given more powers over their respective affairs. The central government is to concern itself only with issues that the federating units cannot handle. The central government should be smaller and smarter.”
After various speakers spoke on topics such as Restructuring: Pathways to True Federalism; Economic Restructuring for Sustainable Development, and Unity in Diversity: Building a Cohesive Nigerian Identity, it was unanimously agreed that “the way Nigeria is presently structured and is being run is largely responsible for why the country is not working in the interest of Nigerians.”
At the symposium, which was the second of its kind, participants also clarified that restructuring into regions is not meant to abrogate present states but to make them form “federating units to make the country to be known as United Regions of Nigeria (URN) or any other nomenclature that we find convenient.
“Each Region is to have its own Constitution and be autonomous. This is to ensure that they are in a proper position to operationalize self-determination. The restructuring must be such that the community, state and local government from where certain resources come should have 70 per cent of the proceeds of the resources while 30 per cent goes to the centre.”
The forum, which was chaired by Dr. Bitrus Pogu who was represented by Mr. Emmanuel Alamu, also resolved that each region should be equal to the other in status and ranking.
“Efforts should be made to heal the wounds in the country by, for instance, setting up a Truth, Justice and Reconciliation Commission and constitutional roles were advocated for traditional rulers in the country,” the communique added.
Organisations represented at the symposium include Ohaneze Ndigbo, Afenifere, Arewa Youths Consultative Forum, Middle Belt Forum, Sir Ahmadu Bello Memorial Foundation, Socio-Community Youth Association of Nigeria ,SCOYAN, Yoruba Referendum, Initiative for a Better and Brighter Nigeria, Kaduna State Chapter; ICATAFA Igbo Community, Kaduna, Yoruba Community, Kaduna, Tarayyar Hausa, Fulani and Kanuri Christian Association in Nigeria and Western Region Organisation.
Others were Socio-Community Youth Association of Nigeria (SCOYAN), Southern Borno Residents in Kaduna, Yobe Community Residents in Kaduna, Adamawa Community Residents in Kaduna and Taraba Community Residents in Kaduna.

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Tinubu Vows To Stabilise ECOWAS

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President Bola Tinubu has reiterated his resolve to stabilise the Economic Community of West African States (ECOWAS) and contribute to peace in Africa.
Tinubu stated this during the closing ceremony of the African Military Games 2024 in Abuja.
Senior Special to the President on Media and Communications, Office of the Vice-President, Mr Stanley Nkwocha, said this in a statement.
Tinubu, represented by the Vice-President Kashim Shettima, also reiterated his administration’s determination to root out all forms of security threats and violent crimes in Nigeria.
The President, who is the Chairman of ECOWAS Authority of Heads of State and Government, said he intended to accomplish all these by strengthening ties across African countries to promote a profound sense of camaraderie among troops on the continent.
“As the ECOWAS Chairman, I want to emphasise my determination to stabilise the sub-region and indeed the entire African continent to ensure its prosperity.
“To accomplish this vision, I consider strengthening ties across African countries to foster a deep sense of camaraderie among our troops as a priority,” Tinubu said.
The President said the 2nd edition of the Africa Military Games could not have come at a better time, two decades after the last edition was held.
He said the military sports would go a long way in awakening “the spirit of comradeship and friendship that is crucial to enhance cooperation among” militaries across the African continent.
Tinubu pointed out that, “Armed Forces constantly require fit personnel thereby underscoring the need for military personnel to always engage in sporting activities.
“As such, it is common knowledge that men and women of our Armed Forces must keep fit to ensure optimal physical, mental and emotional well-being.
“This will enable them to cope with the dynamics of our rapidly evolving volatile, uncertain and complex environment.”
While declaring the Africa Military Games Abuja 2024 closed, Tinubu congratulated delegates from participating countries across Africa for their good conduct and display of the spirit of sportsmanship.
“Given the professionalism you all displayed from the start to finish of this Games, you gentlemen and ladies are indeed not only military personnel but also great sportsmen and women.
“I am aware that the various games were conducted without any obvious hitches. This is, indeed, an achievement which we all as Africans ought to be proud of,” he stated.
Earlier, the Chief of Defence Staff (CDS), Gen. Christopher Musa, commended participants at the Africa Military Games, Abuja.
“It is with immense pride and gratitude and on behalf of the Nigerian Armed Forces that we celebrate what has been truly inspiring and a unifying event.
“While awards and trophies represent the pinnacle of achievement, irrespective of the ranking and position, everyone is a winner,” he said.
He added that the courage, skills and sportsmanship exhibited in the field, tracks and courts had been inspiring, proving that victory was not just about crossing the finish line first but about embodying the values of unity and resilience.
“Over the past several days, the national stadium in Abuja has been the hub of canvassing for excellence and sportsmanship under the theme of enhancing military cooperation in Africa through sports.
“We have noticed how sport can bridge boundaries, foster friendship and strengthen bonds among the armed forces of Africa,” said the General.
Also, the President of the Organisation of Military Sports in Africa (OSMA), Maj.-Gen. Maikano Abdullahi, noted that the achievements of games underscored the cooperation and unity among the military armed forces in Africa.
“We have seen athletes from different countries, transcending borders and differences, but unite for a common purpose to honour our nation and ideals that we stand for in the African armed forces,” he said.
Team Nigeria emerged the overall winner of the AMGA- 2024 with 114 gold medals, 65 silver and 55 bronze totalling 234 medals, while Algeria took the second position with a total of 96 medals, and Kenya came third with 50 medals.

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