Connect with us

NEWS

FAAC Distributes March Revenue To States

Published

on

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.

NEWS

2027: Shettima Arrives in Uyo for APC Presidential Campaign Rally

Published

on

Who is Senator Kashim Shetima, Tinubu's running mate

Vice President Kashim Shettima has arrived in Uyo, the Akwa Ibom State capital, for the All Progressives Congress (APC) presidential campaign rally ahead of the 2027 general elections.

The development was disclosed on Friday by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice President.

Akwa Ibom occupies a strategic position in President Bola Ahmed Tinubu’s Renewed Hope Agenda, with major federal investments expected to strengthen infrastructure and economic activities across the state.

SEE ALSO: 2027: Shettima Arrives in Lafia to Rally Support for Tinubu’s Re-election

One of the major projects is the Lagos–Calabar Coastal Highway, which has an approximately 82.8-kilometre stretch passing through Akwa Ibom.

The project, according to the statement, “promises improved connectivity, expanded trade, greater investment and new economic opportunities for communities across the region.”

Beyond infrastructure, the administration’s interventions in education, agriculture, healthcare, youth empowerment and social protection are also designed to improve livelihoods and broaden economic participation.

The Nigerian Education Loan Fund (NELFund) is among the initiatives highlighted, complementing Governor Umo Eno’s investments in roads, aviation, tourism and human capital development.

The statement noted that the Uyo rally provides “another opportunity to strengthen the APC’s growing political presence in the South-South and make the case for continuity in 2027.”

 

 

Continue Reading

NEWS

Elohor Aiboni Honoured with DTN@100 Changemaker Award

Published

on

Executive Vice President and Country Chair, Shell Companies in Nigeria, Elohor Aiboni was among 100 people honoured with the DTN@100 Award.

She joined a list of distinguished recipients recognised by the Daily Times newspapers. The contributions of the awardees to national development will be documented in a special publication, titled Nigerian Grand Book.

Daily Times which started publication in 1926 gave the awards as part of its centenary celebrations in Lagos. The centenary theme is: “Honouring the Past, Shaping the Future.” Chairman, Folio Media Group and Publisher Daily Times of Nigeria Fidelis Anosike said: “We proudly celebrate Elohor Aiboni, Executive Vice President and Country Chair of Shell Companies in Nigeria, for her well-deserved recognition at the Daily Times Heroes Award. As a visionary female leader, Elohor has shown that true leadership is defined by action. Her forward-thinking policies continue to drive real, positive change across our nation.”

In her response, Elohor said: “Although this award is presented to me, I do not regard it as mine alone. I share it with my colleagues across the Shell Companies in Nigeria, our partners, and the many people I have had the privilege of working with and learning from over the years.”

Elohor was commended for her achievements in a career in the energy industry that started in Shell in 2002. In addition to serving in operational roles within and outside Nigeria, she has worked as asset manager for Bonga, leading up to her appointment as Managing Director of Shell Nigeria Exploration and Production Company Limited (SNEPCo) in 2021, the first female to hold the post. Early this year, she took up the role of Executive Vice President and Country Chair, Shell Companies in Nigeria, also the first female and Nigerian to hold both roles.

READ ALSO: “8216;The Panic Is Real” Atiku Accuses APC of Plot to Weaken ADC

In her acceptance speech, Elohor also called for concerted efforts towards educating the girl-child. She said: “If we are serious about shaping Nigeria’s future, we must be equally serious about educating and empowering the Nigerian girl child. Education provides not only knowledge, but also confidence, choice and the opportunity to contribute meaningfully to her community and country.”
Photo Caption – L-R: Energy and Investment Solicitor, Sam Aiboni; Executive Vice President and Country Chair, Shell Nigeria, Elohor Aiboni; actress Rita Dominic; and Daily Times Chairman, Fidelis Anosike, during the award presentation at Harbour Point, Lagos.

Continue Reading

NEWS

Tinubu Hails Flamingos After Historic World Cup Final Qualification, Urges Team to Win Trophy

Published

on

President Bola Ahmed Tinubu has congratulated Nigeria’s U-17 women’s national football team, the Flamingos, following their historic qualification for the final of the 2026 FIFA U-17 Women’s World Cup in Morocco.

The President commended the team for their impressive 3-1 victory over Brazil in Wednesday’s semi-final, describing their achievement as a remarkable milestone that has brought immense pride and joy to Nigerians at home and abroad.

In a statement issued on Thursday, November 5, by his Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu also praised the coaching crew and everyone whose hard work and support contributed to the team’s successful campaign.

SEE ALSO: 2027: Shettima Arrives in Lafia to Rally Support for Tinubu’s Re-election

With the Flamingos set to face Japan in the final, the President urged the players to remain focused, confident and determined as they pursue the historic world title.

“I encourage you to approach the final with the same fighting spirit and belief that have brought you this far. I have confidence in your ability to make history by winning the coveted world title,” he said.

Tinubu also called on Nigerians to rally behind the young players, describing them as national ambassadors whose achievements continue to showcase the country’s sporting excellence.

He said the team’s performance would inspire a new generation of girls to pursue their dreams without limitations.

“Once again, Nigeria is proud of you. Go for the trophy, Flamingos!” the President added.

 

 

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x