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FAAC Distributes March Revenue To States

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The Federation Account Allocation Committee (FAAC) has allocated revenue to state governments for March 2024, with disbursements shared in April.

The total allocation reflects the economic activities and federal revenue distribution, ensuring each state receives funds necessary for governance and development.

Leading the recipients, Delta State received the highest allocation of N37.9 billion, closely followed by Rivers State with N33.3 billion and Lagos State with N29.3 billion.

These states continue to benefit significantly from their robust economic activities and contributions to the national economy.

In the oil-rich regions, Akwa Ibom and Bayelsa states were allocated N25.9 billion and N25.6 billion respectively, reflecting their substantial roles in Nigeria’s petroleum industry. The substantial allocations underscore the importance of these states in the nation’s revenue generation.

Other notable allocations include Anambra with N10.9 billion, Borno with N10.6 billion, and Edo also with N10.6 billion. Oyo State received N11.5 billion, highlighting its economic relevance in the south-western region.

Kano State, a major commercial hub in the north, was allocated N14.5 billion, signifying its significant population and economic activities. Kaduna and Jigawa received N7.9 billion and N10.2 billion respectively, while Katsina was allocated N10.4 billion, reflecting their strategic importance in the northern region.

In the south-east, Abia received N9.2 billion, while Imo and Enugu were allocated N9.4 billion and N8.8 billion respectively. Ebonyi received N7.6 billion, which aligns with the revenue distribution trend within the region.

States such as Ekiti and Osun in the south-west received N7.2 billion and N7.3 billion respectively. Ogun, despite being a significant economic player, was allocated N6.7 billion, similar to Cross River State in the south-south region.

Gombe and Kwara were both allocated N7.3 billion, while Kogi and Plateau received N7.7 billion and N7.6 billion respectively, highlighting the balanced distribution across states with varying economic capabilities.

The FAAC allocation aims to ensure equitable distribution of national revenue, enabling states to meet their developmental goals and address local needs. This distribution underscores the federal commitment to supporting states in their socio-economic responsibilities.

Full Breakdown of Allocations:
Abia: N9.2 billion
Adamawa: N8.6 billion
Akwa Ibom: N25.9 billion
Anambra: N10.9 billion
Bauchi: N8.3 billion
Bayelsa: N25.6 billion
Benue: N10.4 billion
Borno: N10.6 billion
Cross River: N6.7 billion
Delta: N37.9 billion
Ebonyi: N7.6 billion
Edo: N10.6 billion
Ekiti: N7.2 billion
Enugu: N8.8 billion
Gombe: N7.3 billion
Imo: N9.4 billion
Jigawa: N10.2 billion
Kaduna: N7.9 billion
Kano: N14.5 billion
Katsina: N10.4 billion
Kebbi: N9.1 billion
Kogi: N7.7 billion
Kwara: N7.7 billion
Lagos: N29.3 billion
Nasarawa: N7.8 billion
Niger: N9.1 billion
Ogun: N6.7 billion
Ondo: N10.5 billion
Osun: N7.3 billion
Oyo: N11.5 billion
Plateau: N7.6 billion
Rivers: N33.3 billion
Sokoto: N8.8 billion
Taraba: N7.9 billion
Yobe: N7.9 billion
Zamfara: N8.1 billion
This equitable distribution is crucial for addressing local development needs and fostering balanced growth across Nigeria’s diverse regions.

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Christmas: Shettima Assures Of FG’s Commitment To Citizens’ Welfare

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Nigeria’s Vice President, Kashim Shettima has assured Nigerians of the federal government’s dedication to national security, economic transformation, and welfare of the citizens.

This was detailed in a Christmas message on Wednesday afternoon in Abuja under the signature of the Senior Special Assistant to The President on Media & Communications (Office of The Vice President), Stanley Nkwocha.

According to the Vice President, the administration of President Bola Ahmed Tinubu remains unwavering in its focus on these critical areas, as the country looks forward to the dawn of a new year.

ALSO READ: Tinubu Sends Hearty Christmas Greetings To Christians Worldwide

He said, “In these times of economic transformation, I want to assure you that the President Bola Ahmed Tinubu administration remains steadfast in its commitment to improving the lives of all Nigerians.”

Vice President Shettima particularly urged the citizens to imbibe the virtues of national unity during the yuletide season.

“Nigeria’s diversity remains our greatest strength. Let us avail ourselves of the time provided by the holiday season to strengthen the bonds of brotherhood that unite us across all faiths and regions,” he said.

Senator Shettima assured Nigerians of the continued vigilance of the nation’s security forces, noting that “our brave security personnel will continue to work round the clock during this festive period to keep us safe.”

He said enhanced security measures have been put in place to protect the citizens during the holiday period.

“The relevant agencies have been mobilized to ensure your safety and comfort on all major routes,” he stated, urging travelers to remain vigilant.

VP Shettima expressed optimism about the nation’s trajectory in the coming year, saying, “I am filled with hope and optimism about Nigeria’s future. Together, we will build a more prosperous and united nation.

“To our young people, you are the backbone of our nation. The Renewed Hope administration is implementing various initiatives to create opportunities for you to thrive and contribute to Nigeria’s development,” he added.

 

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Yuletide: Adeleke Rejoices With Christians

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Ademola Adeleke Becomes Sixth Executive Governor of Osun State

 

Osun State Governor, Senator Ademola Adeleke has felicitated Christians in Osun State and beyond on the occasion of the 2024 Christmas celebration, urging them to follow Jesus Christ’s example of compassion and tolerance.

Biztellers reports that Gov Adeleke described the birth of Jesus Christ as a defining moment for mankind, in a statement in Osogbo on Tuesday.

He described the festive season as a solemn reminder of the power of love and how it can save humanity.

ALSO READ: Archbishop Martins Champions Clamour For Better Life For Nigerians

While recognising unity and togetherness as an important message that Jesus Christ’s life resonates, Gov Adeleke charged Osun people, particularly Christians, to draw from the spiritual import of the celebration by sharing love and fostering harmony in communities.

In his words, “I extend my warm wishes to Christian faithful in Osun state and beyond as we mark this year’s Christmas. The birth of Jesus Christ is a manifestation of the power of love and remind us of the essence of compassion,” the Governor noted in his message.

“In the mood of celebration, I urge us to take a moment to reflect on the message of renewal that the birth of Jesus Christ signifies, promoting activities that will unite not divide, build not destroy, and bring peace not conflict.

“It is also my sincere appeal that we extend hands of kindness to the needy and the weak in the society, spreading love and generosity beyond borders. That is the essence of Christmas and it is most essential that at a time like this, no one is left to their fate.”

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Archbishop Martins Champions Clamour For Better Life For Nigerians

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Archbishop Alfred Adewale Martins, of the Catholic Archdiocese of Lagos, has enjoined all Nigerian leaders to be more sensitive to the yearnings of the people for a better life.

This was contained in a 2024 Christmas Message to Nigerians issued in Lagos under the signature of the Director of Social Communications, Very Rev. Fr. Anthony Godonu.

According to the Archbishop there is an urgent need for a better enabling environment to allow businesses thrive in a bid to reduce the high rate of unemployment and the grinding poverty in the land.

He urged leaders to prioritise the welfare of citizens over personal needs in addressing the widespread hunger, poverty, joblessness, and insecurity ravaging the nation.

ALSO READ: Tinubu Sends Hearty Christmas Greetings To Christians Worldwide

In his words, “Even in the face of policies that are deemed to have positive results in the long-term, such as the removal of fuel subsidies, floating of the naira and the new tax reforms initiative, governments must ensure that the immediate welfare of people is not neglected but factored into the planning and execution of such policies. This is necessary, if the people for whom the policies are being made are not to die before the positive results begin to manifest.

“At the same time, government spending must be prudent and compassionate. In addition, it is necessary to pay more attention to the agricultural sector so that food security can be ensured for overall benefit.”

The Prelate described as very sad and depressing the recent loss of several lives of innocent Nigerians in Ibadan, Abuja, and Anambra in their quest to access food palliatives owing to pervading hunger across the country.

He considered it worrisome that many Nigerians now find it difficult to purchase necessities of life, especially during this festive season that should be a period of merriment, sharing of love, food, and other essentials, which are the hallmarks of the Christmas season.

To forestall a reoccurrence of such ugly incidents, the prelate urged governments, at both federal and state levels, as well as the legislative assemblies, to identify and quickly fix the loopholes in the polity that are responsible for the massive poverty and hardship which Nigerians are facing.

He advocated the appraisal of the nation’s existing laws and enactment and enforcement of only proactive policies that would open the business environment, attract investors, and create more jobs so that the citizens can afford their basic needs; rather than depend on palliatives that offer only temporary relief.

The prelate urged substantial investments in the agricultural sector of the economy to ensure the availability of basic foodstuffs; thereby reducing the high cost of essential food items like rice, beans, onions and grains.

“If citizens have food in their homes, people will not endanger their lives while scrambling for palliatives in the way it happened,” he noted with sadness.

While praying for the souls of those who died in the recent stampedes in parts of the country, he also commiserated with those who lost their loved ones, praying that Jesus, the Prince of Peace would bring solace to the afflicted, comfort to the grieving, and hope to the despairing.

“This special season reminds us of the profound love of God, who sent His only Son to redeem humanity. May the light of Christ illuminate our lives, dispel darkness, and fill our hearts with love, compassion, and kindness. As we gather with family and friends, let us not forget those who are less fortunate, the vulnerable and the marginalised. May our celebration be a catalyst for acts of charity, generosity, and solidarity,” he stated.

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