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How FAAC Allocates ₦786bn May Revenue To FG, States, LGCs

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The latest report from the Federation Account Allocation Committee (FAAC) reveals that a total sum of ₦786.161 billion from the May 2023 Federation Account Revenue has been allocated to the Federal Government, States, and Local Government Councils (LGCs).

 

The announcement was made in a communiqué issued following the FAAC meeting held in June, which was chaired by Dr. Oluwatoyin Madein, the Accountant General of the Federation (AGF).

 

The communiqué outlined that out of the ₦786.161 billion, ₦519.545 billion was derived from statutory revenue, while ₦251.607 billion was generated from Value Added Tax (VAT) revenue.

 

Additionally, the communiqué further disclosed that the allocated funds included an Electronic Money Transfer Levy (EMTL) amounting to ₦14.370 billion, as well as Exchange Difference revenue totaling ₦639 million.

 

Furthermore, it was noted that in May 2023, a total of ₦38.238 billion was deducted for the cost of collection, while ₦163.193 billion was deducted for transfers and refunds.

 

It reads “In May 2023, the total deductions for cost of collection was ₦38.238 billion and total deductions for transfers and refunds was ₦163.193 billion. The balance in the Excess Crude Account (ECA) was 473,754.57 dollars.

 

According to the communiqué, the breakdown of the ₦786.161 billion distributable revenue was as follows: the Federal Government received ₦301.889 billion, State Governments received ₦265.875 billion, and Local Government Councils (LGCs) received ₦195.541 billion.

 

Furthermore, an amount of ₦22.855 billion was shared among the relevant states as 13 percent derivation revenue.

 

The communiqué highlighted that the revenue for May exceeded that of April by ₦204.324 billion.

 

It reads “From the ₦519.545 billion distributable statutory revenue, the Federal Government received ₦261.686 billion, the State Governments received ₦132.731 billion and the LGCs received ₦102.330 billion.

 

“The sum of ₦22.798 billion was shared to the relevant States as 13 per cent derivation revenue,” the communiqué said.

 

It said the in month of May, the gross revenue available from the Value Added Tax (VAT) was ₦270.197 billion.

 

“This was higher than the ₦217.743 billion available in the month of April by ₦52.454 billion. The Federal Government received N37.741 billion, the State Governments received ₦125.804 billion and the LGCs received N88.062 billion from the ₦251.607 billion distributable VAT revenue.

 

“The ₦14.370 billion EMTL was shared as follows: The Federal Government received ₦2.155 billion, the State Governments received ₦7.185 billion and the LGCs received ₦5.030 billion,” it said.

 

The communiqué provided further details regarding the allocation of the ₦639 million Exchange Difference revenue. It stated that the Federal Government received ₦307 million, State Governments received ₦156 million, and Local Government Councils (LGCs) received ₦119 million from this revenue.

 

Moreover, it was mentioned that an amount of ₦57 million was shared among the relevant states as 13 percent mineral revenue.

 

The communiqué also highlighted the revenue trends for various sources in the month of May. It stated that Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Oil and Gas Royalties, Value Added Tax (VAT), Import Duties, and Excise Duties experienced significant increases. However, the revenue from Electronic Money Transfer Levy (EMTL) saw a slight decrease.

 

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‘Dem Dey Use Stick Dey Flog Women’ — Nigerians in India Camp Cry Out

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Nigerian women allegedly being held at a deportation facility in India have cried out over their treatment, with a video circulating online showing some of them displaying injuries and alleging that security personnel flogged detainees.

The video began circulating online on Wednesday and shows a group of Nigerian women inside and around what they described as a deportation camp.

Several of the women pointed to marks, bruises and apparent injuries on their legs, feet and bodies while alleging that they were beaten with sticks or canes.

SEE ALSO: Rufai Oseni Row: NiDCOM Breaks Silence on Nigerians Detained in India, Addresses Ekene’s Case

“See my video, see my leg,” one of the women could be heard saying in the footage.

Another woman said, “Mona see wetin dem dey do for deportation camp.”

“Deportation camp, na dem flog person, see,” another woman said while showing what appeared to be an injury.

The women further alleged that female detainees were beaten with sticks.
“Dem dey use stick dey flog women, mona dey see am,” one of them said.

Another woman, while pointing at an injured detainee, said, “Dem carry cane flog o… see her body, dem flog am.”

The women also alleged that police officers carried sticks inside the facility.

“Police carry stick like say dem dey cut firewood,” one of the women said.

The footage shows the women appearing distressed as they moved through the facility and gathered in an outdoor area.

They repeatedly appealed to Nigerians to share the video and draw attention to their situation.

“Make una see… make this video trend/go,” one woman said.

“Make una share am,” another added.
One of the women also expressed frustration over their alleged experience at the facility, saying, “We don suffer, every time, every time.”

The footage comes amid ongoing concerns over Nigerians detained at the Lampur detention centre, also known as Sewa Sadan, in New Delhi.

Recall that in September, reports emerged that more than 200 Nigerians were being held at the facility, with some detainees alleging poor food, inadequate medical care and prolonged detention.

The Nigerians in Diaspora Commission (NiDCOM) subsequently defended its handling of the situation and said the Nigerian High Commission in India was seeking another amnesty period to facilitate the departure of Nigerians without proper immigration documentation.

No official response from the Indian authorities or the Nigerian government specifically addressing the allegations in the latest video had been made available at the time of publication.

 

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‘Military Gets Huge Budgets, Yet Air Crashes Persist’ — Shehu Muhammad

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Military Conducts Mass Burial For Slain Soldiers In Niger Ambush, Air Crash

Rights activist, public affairs analyst and Chief Executive Officer of The Dialogue, Shehu Muhammad, has questioned the continued occurrence of military aircraft crashes despite the huge budgetary allocations to the country’s defence and security sector.

Muhammad spoke while reacting to the recent Nigerian Navy aircraft crash in Irele Local Government Area of Ondo State during an interview on Channels Television’s The Morning Brief.

Describing the incident as “one incident too many,” he recalled that Nigeria had recorded several military aircraft crashes involving the Nigerian Air Force and Nigerian Army over the years.

RELATED NEWS: Military Gear Found at Ondo Crash Site as Helicopter Burns to Rubble

He said the recurring incidents had raised concerns among members of the public about the condition of military aircraft and the process through which military hardware is procured.

“People have begun to cast aspersions as to the honesty, sincerity, and openness in the purchase of military hardware, including airplanes,” Muhammad said.

According to him, the concerns are heightened by the substantial funds allocated to the military and other security agencies over the years.

“There are insinuations by the public that, after all, the military receive the highest amount of money from the budget year in, year out,” he said.

Muhammad also questioned the transparency of defence procurement, particularly the process of selecting contractors for the supply of military equipment.

He argued that the repeated crashes should prompt authorities to examine military aviation operations, aircraft procurement and the management of defence resources.

The latest crash occurred in Irele, Ondo State, with recovery efforts reportedly complicated by the difficult terrain around the crash site.

Muhammad said the latest incident should not be treated in isolation, but should lead to broader questions about military aviation safety and the management of resources allocated to the defence sector.

He called for greater transparency and accountability in the procurement and management of military hardware to restore public confidence.

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‘NYSC Has Outlived Its Usefulness, Should Be Scrapped’ — Shehu Muhammad

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Gombe NYSC Prioritises Safety of Corps Members

Rights activist and public affairs analyst, Shehu Mohammed, has called for the scrapping of the National Youth Service Corps (NYSC), saying the scheme has outlived its usefulness amid growing security concerns across the country.

Shehu made the call on Wednesday during an interview on Channels Television’s The Morning Brief, while reacting to the kidnapping of prospective corps members travelling to orientation camps in Akwa Ibom and Anambra states.

He described the incident as “one incident too many,” noting that kidnapping, maiming and the detention of victims in kidnappers’ camps had become frequent in several parts of the country.

SEE ALSO: 2027: North Should Back South-West To Complete 8 Years In Power — Shehu Sani

“I think it is just a case of one incident too many. There are more unreported cases of kidnapping and maiming and detention in kidnappers’ den, almost all over the country, especially in the northern part of the country: the Middle North West, North East, and North Central. It’s a daily, daily happening,” Sani said.

He said the security situation had made him question the continued relevance of the NYSC scheme, which was established to promote national unity.

“When Bukola was saying that she objects to the scrapping of NYSC, I tend to take a different view. My view is that the entire NYSC was meant to unite Nigeria, but if in uniting Nigeria you lose your daughter, you lose your son, you lose your uncle, you lose your sister, you lose your neighbour, then it’s not worth the trouble,” he said.

Shehu argued that corps members should instead be allowed to serve in their respective states, eliminating the need for young Nigerians to travel long distances to orientation camps.

“This NYSC issue should be scrapped, removed from the constitution, allow each and every corps member to serve in his own state, traveling with all the dangers, with all the costs,” he said.

He also highlighted the financial burden placed on families when corps members are posted far from their home states.

“If a child is going from Katsina to Anambra State to report to the camp, minimum that you give him is three hundred thousand naira for transfer cost, three hundred. How many parents have three hundred thousand naira to give their wards?” Sani asked.

He said the financial burden was only one aspect of the problem, with corps members also facing security risks and possible trauma during interstate travel.

“Minus all the dangers, the consequences, the uncertainties, the traumas involved. If your child has to go through a trauma, through uncertainty, through pain, through kidnapping, through raping, eventually through killing, why do you have to go for NYSC?” he said.

“As far as I’m concerned, the NYSC project has outlived its usefulness. It should be scrapped.”

Shehu also warned that kidnapping in Nigeria was taking a new dimension, with criminal groups increasingly targeting vulnerable groups.

“Corps members are vulnerable groups. Travelers for commercial purposes all over the country are vulnerable groups. Therefore they are now going for soft targets,” he said.

According to him, kidnappers also use abductions to blackmail victims’ families and government authorities into paying ransom.

“The next one is blackmailing either the parents or blackmailing government to collect money,” he said.
Sani alleged that ransom payments were subsequently used to finance criminal activities.

“So they can finance their arm purchase. They can finance their purchase of hard drugs to enable them operate without pity and compassion, and to send permanent fear into the community,” he said.

He added that the kidnappers were using their activities to create fear within communities, despite being relatively few in number.

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