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Tag: STATES

  • Full List Of States That Will Not Receive LG Allocations From July

    Full List Of States That Will Not Receive LG Allocations From July

    The Federal Government will from July withhold local government allocations to Cross River, Enugu, Kano, Rivers, and 16 other states in compliance with the Supreme Court judgement.

    The apex court on Thursday delivered a judgment in the local government autonomy suit filed by the Attorney General of the Federation, AGF, Lateef Fagbemi, SAN, on behalf of the Nigerian Government, barring the Federal Government from releasing allocations to local governments governed by unelected officials appointed by the state governors.

    In the judgment, Justice Emmanuel Agim barred the Federal Government from further paying LG allocations through the state governments, noting that the practice had been abused by the governors.

    Justice Agim accused the state governors of retaining allocations and utilising them as they please, to the detriment of the local government councils.

    Following the judgment, 20 states that have no elected local government chairmen stand barred from receiving local government allocations from July until they conduct elections.

    The states are Jigawa, Rivers, Anambra, Imo, Kwara, Zamfara, Bauchi, Plateau, Abia, Enugu, Katsina, Kano, Sokoto, Yobe, Ondo, Osun, Delta, Akwa-Ibom, Cross River, Benue.

  • FAAC: FG, States, LGs Share N906.955bn October Revenue

    The Federation Account Allocation Committee (FAAC) has shared the total sum of N906.955 billion Federation Account Revenue to the Federal Government, States and Local Government Councils for the month of October 2023. 

    A breakdown of the amount according to a communique issued by the FAAC revealed that total distributable revenue comprises statutory revenue of N305.070 billion, Value Added Tax (VAT) of N 323.446 billion, Electronic Money Transfer Levy (EMTL) of N15.552 billion, Exchange Difference of N202.887 billion and Augmentation of N60.000 billion.  

    According to the communique, total revenue of N1,346.519 billion was available in the month of October 2023. Total deductions for cost of collection was N53.483 billion; total transfers, interventions and refunds was N386.081 billion.   

    Gross statutory revenue of N 660.090 billion was received for the month of October 2023, lower than the N1,014.953 trillion received in the month of September 2023 by N354.863 billion.  

    The gross revenue available from the Value Added Tax (VAT) was N347.343 billion, higher than the N303.550 billion available in the month of September 2023 by N43.793 billion.   

    Of the N906.955 billion, the Federal Government received N323.355 billion, State Governments got 307.717 billion and the Local Government Councils took home N225.209 billion. 

    The sum of N50.674 billion (13% of mineral revenue) was shared to the relevant States as derivation revenue. 

    From the N305.070 billion distributable statutory revenue, the Federal Government received N147.574 billion, the State Governments received N74.852 billion and the Local Government Councils received N57.707 billion. The sum of N24.937 billion (13% of mineral revenue) was shared to the relevant States as derivation revenue. 

    The Federal Government received N48.517 billion, the State Governments received N161.723 billion and the Local Government Councils received N113.206 billion from the N323.446 billion VAT revenue.

    The N15.552 billion Electronic Money Transfer Levy (EMTL) was shared as follows: the Federal Government received N2.333 billion, the State Governments received N7.776 billion and the Local Government Councils received N5.443 billion.

    The Federal Government received N93.323 billion from the N202.887 billion Exchange Difference revenue. The State Governments received N47.334 billion, and the Local Government Councils received N36.493 billion. The sum of N25.737 billion (13% of mineral revenue) went to the relevant States as derivation revenue. 

    The Augmentation of N60.000 billion was shared as follows: Federal Government received N31.608, the State Governments received N16.032 billion and the Local Government Councils received N 12.360 billion

    In the month under review, Import Duty, Petroleum Profit Tax (PPT), Value Added Tax (VAT), CET Levies and Electronic Money Transfer Levy (EMTL) increased significantly while Excise Duties and Companies Income Tax (CIT) recorded considerable decreases. Oil and Gas Royalties decreased marginally.   

  • FAAC Distributes N1.1trn In August Allocation To FG, States, LGs  

    FAAC Distributes N1.1trn In August Allocation To FG, States, LGs  

    The Federation Account Allocation Committee (FAAC) has shared a total sum of N1100.101 trillion August 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils.   

    A communique issued by the FAAC at its September, 2023 meeting indicated that the N1100.101 trillion total distributable revenue comprised distributable statutory revenue of N357.398 billion, distributable Value Added Tax (VAT) revenue of N 321.941 billion, Electronic Money Transfer Levy (EMTL) revenue of N14.102 billion, Exchange Difference revenue of N 229.568 billion and Augmentation of NN177.092 billion. 

    According to the communique, total revenue of N1483.902 billion was available in the month of August 2023.  

    “Total deductions for cost of collection was N58.755 billion, total transfers and refunds was N254.046 billion and savings was N71.000 billion.   

    “Gross statutory revenue of N 891.934 billion was received for the month of August 2023. This was lower than the N1150.424 billion received in the month of July 2023 by N258.490 billion.  

    “The gross revenue available from the Value Added Tax (VAT) was N345.727 billion. This was higher than the N298.789 billion available in the month of July 2023 by N46.938 billion,” the Committee said.

    The communique stated that from the distributable revenue, the Federal Government received a total of N431.245 billion, the State Governments received N361.188 billion and the Local Government Councils received N266.538 billion.

    A total sum of N26.473 billion (13% of mineral revenue) and N14.657 billion (13% of savings from NNPCL), were shared to the relevant States as derivation revenue. 

    From the N357.398 billion distributable statutory revenue, the Federal Government received N173.102 billion, the State Governments received N87.800 billion and the Local Government Councils received N67.690 billion.

    The sum of N14.446 billion (13% of mineral revenue) and N14.361 billion (13 % of savings from NNPCL) were shared to the relevant States as derivation revenue. 

    The Federal Government received N48.291 billion, the State Governments received N160.971 billion and the Local Government Councils received N112.679 billion from the N321.941 billion distributable Value Added Tax (VAT) revenue.

    The N14.102 billion Electronic Money Transfer Levy (EMTL) was shared as follows: the Federal Government received N2.115 billion, the State Governments received N7.051 billion and the Local Government Councils received N4.936 billion.

    “The Federal Government received N114.445 billion from the N229.568 billion Exchange Difference revenue. The State Governments received N58.048 billion, and the Local Government Councils received N44.752 billion. The sum of N12.027 billion (13% of mineral revenue) and N0.296 billion (13 % of savings from NNPCL) went to the relevant States as derivation revenue. 

    “From the N177.092 billion Augmentation, the Federal Government received N93.292 billion, the State Governments received N47.319 billion and the Local Government Councils received N36.481 billion. 

    “In the month of August 2023, Value Added Tax (VAT), Import and Excise Duties and Electronic Money Transfer Levy (EMTL) increased considerably while Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Oil and Gas Royalties recorded significant decreases.  

    “The balance in the Excess Crude Account (ECA) was $473,754.57,” FAAC added. 

  • N5bn Palliatives: FG has released N2bn to States, FCT -Wale Edun

    The minister of finance and coordinating minister of the economy, Wale Edun has said that the sum of N2 billion has been released to the 36 States and the federal capital territory. 

    The minister, who said this during a press briefing on Friday in Abuja, said the money is a combination of loans and grant. 

    Edun said the federal government decided to release the money in tranches to avert further spikes in the inflation rate.

    He said, “On the issue of the N5 billion, it is a combination of grants from the federal government and borrowing by the states. And of course, although the sum of N5bn is earmarked, you will agree with me that if you release such funds across all states at once, it will be self-defeating and it will lead to an inflationary spiral, lead to cost of goods going up, and exchange rate liquidity will go up,” he said. 

    The minister further said that the N500 billion palliatives is part of the federal government’s support to poor and vulnerable Nigerians. 

    He said “the president is going to deliver a better life to Nigerians by encouraging investment that increases productivity that grows the economy and thereby creating jobs and reducing poverty”.

    Acknowledging the hardship currently being experienced by Nigerians over the removal of petrol subsidy, the minister said that in a little while, the whole system will begin to experience the benefits of the subsidy. 

    He said: “There are funds in domiciliary accounts and If you give people the incentives they will utilise those funds in Nigerians for Nigerians. They have huge holdings in foreign currency in banks abroad, in financial institutions abroad. We need to provide the environment that brings those funds home, to choose to invest in the Nigerian economy rather than foreign economy.”

    The Chairman presidential Committee on fiscal policy and tax reforms, Taiwo Oyedele said the federal government would rake into its coffers N20 trillion if the right taxes are paid. 

    He added that the government was in the process of reviewing the incentives that has been granted over the years. 

    According to him, the sum of N6 billion is lost by the government from incentives. 

    He insisted that going forward, incentives would be targeted at those that need it the most saying that the country could “make more money from tax than we can do from crude oil.”

  • States now to feed, accommodate inmates – FG

    The Minister of Interior, Rauf Aregbesola has said state governments will now be feeding and accommodating inmates in their domains.

    He said this followed the recent consultation amendment which placed Correctional Services on the concurrent list.

    Aregbesola gave the insight while speaking at a 2-day High-Level Conference on Decongestion and Corrections Management, on Thursday in Abuja.

    “This simply means that states are now empowered to establish their own Correctional Services and facilities.

    “States which do not have correctional facilities would have to pay the Federal Government for the feeding and accommodation of their inmates,” the minister said.

    According to him, this is a huge relief to the Federal Government which used to shoulder the burden of accommodating and feeding inmates.

    In 2023, the Federal Government had earmarked N22.44 billion to feed inmates across 244 correctional facilities in the country.

    The minister lamented that the huge amount was draining the coffers of the Federal Government.

    “These facilities are being run by the Federal Government. It should be noted that the criminal justice system of Nigeria makes provisions for state and federal offences.

    “However, until the amendment of the Constitution, only the Federal Government was in charge of custodial centres.

    “With the amendment of the Constitution, states are now empowered to build correctional centres and facilities to house offenders who are convicted and sentenced for committing state offences.

    “Where states are unable to build custodial centres, it is believed that they can suggest ways to collaborate with the Federal Government in feeding and housing these state offenders,’’ he added.

    Aregbesola said that the conference had brought to the fore,  applicable laws to aid the reform of correctional services, including custodial and non-custodial measures .

    He said that Section 12 (4-12) of the NCoS Act, gave the Service the powers to reject inmates when custodial centres are full.

    “By the provision of the Act, the Controller-General, NCoS, is mandated to inform the head of the judiciary of when the custodial centres have exceeded their capacity.

    “This is necessary, so that more offenders are not sent to the centres to serve their sentence. Where his information is not heeded, he is mandated to reject new inmates.

    “It is hoped that the above measure will curb the dumping tendencies leading to overcrowding of the custodial centres.

    “This will be by encouraging the payment of fines for simple offences, non-custodial sentencing and also building and construction of new correctional facilities,’’ the minister said.

    The Controller General, Nigeria Correctional Service (NCoS), Haliru Nababa said that the sad cases of jail breaks had claimed the lives of of officers and inmates, and escape of prisoners.

    Nababa said that the trend, posed a grave threat to the sovereignty and prosperity of the country.

    “However, we are not resting on our oars to ensure that we stem the tide.

    “We have stepped-up security in and around our Custodial Centres by fortification of access controls.

    “We have increased the capacity of our Armed Squad Personnel through specialized training and deployment of high caliber weapons.

    “We have up scaled our use of technology for security, with the improvement of the Correctional Information Management System for inmates’ biometric capturing to cover more formations.

    “In like manner, a Situation Room has been established at the National Headquarters to enable real-time monitoring of Custodial Centres in phases.

    “Similarly, we have continued to improve collaboration with sister security agencies at strategic, tactical and operational levels,’’ Nababa said.