FAAC Shares N601bn November 2020 Revenue To FG, States And LGs

 

The Federation Accounts Allocation Committee (FAAC) has shared a total of N601.110 billion November 2020 federation account revenue to the Federal, States and Local Government Councils and agencies.

According to a statement issued on Wednesday, the figure was announced after the Federation Account Allocation Committee (FAAC) meeting for the month of December 2020 held at the Federal Ministry of Finance headquarters, Abuja.

The meeting was chaired by the Permanent Secretary, Federal Ministry of Finance, Alhaji Aliyu Ahmed.

The total distributable revenue of N601.110 billion comprised statutory revenue of N436.457 billion; Value Added Tax (VAT) revenue of N156.786 billion and augmentation of N7.867 billion from the Forex Equalisation revenue.

The gross statutory revenue of N436.457 billion available  for the month of November 2020 was higher than the N378.148 billion received in the previous month by N58.309 billion.

The gross revenue of N156.786 billion available from the Value Added Tax (VAT) was also higher than the N126.463 billion available in the previous month by N30.323 billion.

A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that from the total distributable revenue of N601.110 billion; the Federal Government received N215.600 billion, the State Governments received N171.167 billion and the Local Government Councils received N126.789 billion.

The relevant States received N31.392 billion as 13% mineral revenue, while the cost of collection, transfers, and refunds had an allocation of N56.162 billion.

The Federal Government received N190.122 billion from the gross statutory revenue of N436.457 billion; the State Governments received N96.433 billion and the Local Government Councils received N74.345 billion.  N30.370  billion was given to the relevant States as 13% mineral revenue and N45.187 billion was the total cost of collection, transfers, and refunds.

The Federal Government received N21.872 billion from the Value Added Tax (VAT) revenue of N156.786 billion. The State Governments received N72.906 billion; the Local Government Councils received N51.034 billion, while the cost of collection, transfers, and refunds had an allocation of N10.975 billion.

From the N7.867 billion augmentation from the Forex Equalisation revenue, the Federal Government received N3.606 billion, the State Governments received N1.829 billion, the Local Government Councils received N1.410 billion and the relevant States received N1.022 billion as 13% mineral revenue.

According to the Communiqué, in the month of November 2020, Petroleum Profit Tax(PPT),  Import Duty, Excise Duty, Value Added Tax(VAT), and Oil and Gas Royalty decreased substantially; while Companies Income Tax (CIT) recorded a sharp drop.

The balance in the Excess Crude Account (ECA) as of December 16 was $72.411 million.

Ortom Orders Payment Of December Salaries To Benue Workers

Re-Election: Ortom Picks Mark, Suswam As Campaign Council Members
Benue State Governor Samuel Ortom

 

Benue State Governor, Samuel Ortom, has directed the State Ministry of Finance to ensure that payment of workers’ salaries for the month of December 2018 commences on Wednesday, the 19th.

The Governor further directed that officers who prepare payment vouchers should put in extra effort, even if it means working all night, to see that workers receive their wages with effect from Wednesday this week.

He emphasised that the directive is to enable the workers to celebrate Christmas, as he earlier promised them.

The Governor cautioned that any officer who flouts the directive will be sanctioned.

According to the governor, the Benue State Government remains committed to the payment of monthly salaries.

He reassured workers that the arrears of their salaries will be paid as soon as his administration is able to access the required funds.

 

Rugby: Dylan Hartley Named England Captain For Six Nations

Hartley Named England Captain For Six NationsDylan Hartley, the 30-year-old, will continue as England captain for the Six Nations after Coach Eddie Jones confirmed the news at the launch of the tournament on Wednesday.

Hartley, who led England to the grand slam last year, was banned for hitting Sean O’brien in December.

The subsequent suspension took the total number of weeks he has been unavailable during his career to 60.

The captain will not have played for nine weeks before England’s opening game against France on February 4th at Twickenham.

Adekuoroye To Feature In Indian League

Adekuoroye To Feature In Indian LeagueThe Nigeria Wrestling Federation has confirmed that two-time African Champion, Odunayo Adekuoroye, will be participating at the highly rated Indian league which kicks off from December 10 to December 27.

The 2014 Commonwealth Gold medalist has also signed a two year deal with an Indian-based wrestling club, Mumbai team.

The Coach of the Female National Team, Purity Akuh, said that Adekuoroye needed to wrestle with international athletes to have a chance of securing a medal at the 2016 Olympics in Rio, Brazil.

Coach Purity who guided Adekuroye to win bronze at the 2015 World Wrestling Championship in Las Vegas in USA, expressed confidence that with good international exposure, the wrestler would become competitive and understand different techniques that would enable her excel in the sport.

Corroborating his opinion, the Technical Director, Nigeria Wrestling Federation, Damien Ohaike, advised the National Sport Commission (NSC) to invest heavily in Adekuoroye, as she had the quality to do the nation proud at world class competitions.

The 21-year old competes in the Women’s freestyle 53kg event.

Serena Pulls Out Of WTA Tour Events

Wimbledon-serenaWorld number one, Serena Williams, has pulled out of all remaining WTA tour events in 2015, to address health concerns.

Serena, who had won three of the four Grand Slam titles in 2015, said that she was ending her season prematurely, citing a desire to give her body time to recover from a succession of injuries.

Reports had earlier speculated that Williams had decided to end her season early, as she struggled to come to terms with the disappointing end to her bid for the Calendar Grand Slam, which fell apart when she lost to Roberta Vinci in the semi-finals of the US Open.

Williams won 55 of 58 matches in 2015 and regardless of other results between now and December, she will end the year as World number 1 for the fifth time in a row.

Anambra State First Lady Empowers 200 Physically Challenged

wife of the Anambra state governor, ebele obianoThe wife of the Anambra State Governor, Mrs Ebele Obiano, has distributed prosthetic limbs and empowering items to 200 physically challenged persons in the state.

During the fitting of the limbs at the Women Development Center, Awka, Anambra State capital, Mrs Obiano said the gesture was to enable them earn a better living.

The Governor’s wife sponsored the programme through her pet project, Caring Family Enhancement Initiative (CAFÉ).

The first phase of the programme was held in December last year, with 300 physically challenged persons benefiting.

The women in the state appreciated the effort of Mrs Obiano, which they said uplifted the living condition of the physically challenged in the state.

Anambra State Commissioner for Health, Dr. Joe Akabuike, in his remark, commended the state governor for efforts in reviving the hope of the down trodden in the state.

In addition to the artificial limbs, the beneficiaries were also given computers, laptops, and grinding machines among other empowerment items.

Mrs Obiano also asked graduates with disabilities, who finished in the last six years, to submit their personal details to her office through their respective local government chairmen for employment.

According to her, the state government is set to give jobs to 1,000 physically challenged persons.

Lawmakers Say Shift In Resumption Won’t Affect Legislative Activities   

Human TraffickingLawmakers at the House of Representatives say the shift in the resumption of the House from recess will not affect the passage of the 2015 budget and other legislation pending before the National Assembly.

The House, which was to resume from recess on Wednesday December 3, announced a shift in date to Tuesday, December 16.

The lawmakers say the shift is to allow them participate in the  primaries for the 2015 elections.

Some lawmakers say the new date is to allow lawmakers focus on party primaries.

The concern of most Nigerians would be the fate of most of the bills before the House. It is a concern the lawmakers try to put to rest.

When the National Assembly resumes on the newly announced date, most Nigerians would be interested in seeing how much they are able to do before the year comes to an end.

Car Bombs Kill At Least Eight At Libya Army Academy In Benghazi

Libya BombSeveral car bombs exploded at a Libyan Army academy in the eastern city of Benghazi on Monday (March 17), killing at least eight people and wounding more than a dozen, hospital sources and a security official said.

A first bomb exploded at the academy’s front gate as people were leaving a graduation ceremony, security officials said. One or two other bombs exploded almost at the same time, wounding at least 13 people.

No group claimed responsibility for the bombing in Benghazi, where Libyan armed forces have been battling militants from hardline Islamist groups such as Ansar al Sharia, listed as a foreign terrorist organisation by Washington.

Instability in the eastern city is just part of the struggle a weak central government faces in controlling armed groups, militias and brigades of former rebels who once battled Muammar Gaddafi and now refuse to disarm.

Most countries have closed their consulates in Benghazi and some foreign airlines have stopped flying there since the U.S. ambassador and three other Americans were killed in an Islamist militant attack in September 2012.

Unknown gunmen killed a French citizen earlier in March, while police found seven Egyptian Christians shot dead execution-style on a beach outside Benghazi, home to several oil firms. No one has claimed responsibility for that killing.

An American schoolteacher was also killed by gunmen in December. Western diplomats are concerned the violence in Benghazi will spill over to the capital, Tripoli.

Jonathan Visits Enugu State For Commissioning Of Enugu Airport

President Goodluck Jonathan has commissioned the remodeled Akanu Ibiam airport in Enugu State, South East of Nigeria earlier today

Arriving at the Coal City at about 11:30am this morning, the President was accompanied by the Senate Chairman committee on Aviation; Hope Uzodinma, the Minister of Information Labaran Maku, Minister of Works and some other Ministers of the Federal republic of Nigeria.

And on hand to receive President Jonathan and the ministers were the Minister of Aviation Stella Odua, Minister of Labour, Deputy Senate President Ike Ekwerenmadu, all Senators from the South East states, all Governors of the South East States Imo, Abia, Anambra, Ebonyi, Host Governor of Enugu State, Deputy Speaker House of Representatives Emeka Ihedioha and other Federal House of Representative members from the South East.

Reiterating Federal Government’s commitment in repositioning the aviation sector in the country in order to meet international standards enhance socio-economic development and also boost tourist activities in the country, the president disclosed that the construction and upgrade of a new terminal in all the 22 airports in the country is in response to the fast growing economy of the country which will in turn open up businesses, employment opportunities, as well as foreign investment not just for the south east but for the entire country.

He added that while completed, the Akanu Ibiam airport will be able to handle 500,000 passengers each year.

He said the remodelling of the commissioned Lagos, Abuja, Benin, Kano as well as the Enugu airport terminals is part of the transformation agenda of his administration in making sure that the air transport industry in the country becomes a hub of socio-economic development and home for foreign investors through its tourist activities.

President Jonathan formally unveiled the Akanu-Ibiam airport as an international airport when he visited the state in December 2011, giving assurance that the Federal Government was committed to upgrading infrastructure at the airport.

The remodelled Enugu airport, which was designated two years ago as an international airport, is part of the on-going rehabilitation and upgrading of airports across the country by the Minister of Aviation.

More Rains This Year – Meteorological Agency

Nigerians living along the Niger River basin should brace up for more flood this year, going by the latest warning from the Nigeria Meteorological Agency.

The MET office gave the prediction while presenting its report of this year’s rainfall expectations.

It put the commencement of the rains from February running through June, with a lull between early October and late December across the country.

Walcott mum over Arsenal commitment as Wenger gets frustrated

A frustrated Wenger has opened up concerning the Theo Walcott’s on-going contract wrangle that he is frustrated and losing his patience with the player’s refusal to commit himself to a new deal with the club.

Arsenal manager; Arsene Wenger said Walcott is about to enter the final six months of his current Arsenal deal and he has been urging him to show commitment to the club that has helped to transform him into a big name in English football.

“I have no news,” he said when asked about Walcott’s future. “I am not involved in that directly, of course indirectly yes I am, but at the moment we have not made any progress.

“I am frustrated by it. Honestly, yes I am. There is not a problem between the player and me because he knows what I want. He has to make up his mind.”

With this latest development Wenger will likely shift grounds when it comes to Walcott as he earlier before now promised to keep Walcott at Arsenal until the end of the season even if he does not sign a new deal before the end of December, but his increasing annoyance with the contract dispute may affect his desire to hang onto the player when the transfer window opens next month.

Walcott will miss Saturday’s game against West Bromwich Albion, with German forward Lukas Podolski and Laurent Koscielny also side-lined for the visit of a Baggies side, that are five points ahead of Arsenal in the Premier League standings.