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Alleged Fraud: “Will the masses finally reap the dividends of democracy, particularly at the state and local government levels?” questions arise as N1.1 trillion is shared among tiers of government from Federation Account revenue, yet, analysis suggests otherwise.

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Allocation highest ever
N500b kept in savings
Yusuf: let gains of reform reflect on citizens
It was a huge “payday” for the tiers of government yesterday.
The federal, state and local governments shared a handsome N1.127 trillion from the N1.674 trillion collectable revenue in December 2023.

Over N500 billion was saved to take care of future needs.

It is the second consecutive month that the revenue shared from the central purse crossed the N1 trillion mark.

The first time it did was in September 2023.

From the N655.932 billion shared in May, the month that President Bola Ahmed Tinubu took office and pronounced that the “petrol subsidy is gone,” the revenue has been going up steadily (SEE TABLE).

The staggering figure, made available after the Federation Account Allocation Committee (FAAC) meeting yesterday, is a reflection of the nation’s economic upward movement, analysts said.

According to them, it also presents an opportunity for the government at all levels to ensure growth and development.

Economists last night said with increased revenue, the people should begin to get the dividends of democracy, especially at the state and local governments.

The agreement by FAAC members to allow N500 billion in savings is indicative of financial prudence, a member said.

Breaking down the revenue accruals, according to a statement by the FAAC, Companies Income Tax (CIT), Excise Duty, Petroleum Profit Tax (PPT), Value Added Tax (VAT), and Electronic Money Transfer Levy (EMTL) increased significantly.

But there is a slight decline in oil and gas royalties, import duty and CET levies.

Despite the remarkable revenue gains, the balance in the Excess Crude Account (ECA) remained static at $473,754.57.

The surplus in the federation account serves as a cushion for any unforeseen economic challenges that may arise.

A closer look at the activities surrounding the Federation Account has shown that N875.382 billion was received as gross statutory revenue for December 2023, which was slightly lower than the N882.560 billion received in November.

In terms of the Value Added Tax (VAT), December 2023 saw a significant increase compared to the previous month.

The gross revenue available from VAT stood at N492.506 billion, which is a N132.051 billion increase from November.

This surge in VAT revenue can be attributed to the improvement in economic activities and increased consumer spending during the festive season.

Further analysis of the revenue distribution revealed that the Federal Government got N383.872 billion from the total distributable revenue; states received N396.693 billion and the local government areas received N288.928 billion.

State collecting derivation funds from mineral revenue shared N57.915 billion, representing 13 per cent of the revenue.

Regarding distributable statutory revenue, the Federal Government received N173.729 billion, state governments, N88.118 billion and councils, N67.935 billion from the N363.188 billion generated.

From the distributable VAT revenue of N458.622 billion, the Federal Government received N68.793 billion, state governments received N229.311 billion, and local government councils received N160.518 billion.

The Electronic Money Transfer Levy (EMTL) of N17.855 billion was allocated as follows: the Federal Government received N2.678 billion, states got N8.928 billion and local government councils received N6.249 billion.

However, the stagnant Excess Crude Account raises concern about the need for strategic investment of surplus funds into critical sectors.

The slight decline in statutory revenue and continued dependence on oil and gas require further attention.

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Breaking : Tinubu Launches Five-Year Defence Plan to Crush Insurgency, Restore Security

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…Military eliminates over 15,000 terrorists in 3 years

…130,000 Boko Haram fighters and dependents surrender

The All Progressives Congress Presidential Campaign Council (APC PCC) has announced that President Bola Tinubu has finalised a comprehensive Five-Year Strategic Defence Operations Plan to end Nigeria’s 17-year battle against insurgency, banditry, and kidnapping.

The development was contained in a statement on Sunday in Abuja by the spokesperson for the APC PCC, Dele Alake.

The campaign council stated that the new framework is designed to overhaul the nation’s security architecture by aligning defence priorities, capability development, and expenditure with current and emerging threats.

According to Alake, the administration’s military operations over the past three years have yielded significant results, including the neutralisation of over 15,000 Boko Haram terrorists and bandits, alongside the surrender of more than 130,000 insurgents and their dependents through the government’s rehabilitation programme, Operation Safe Corridor.

“President Bola Tinubu is determined to end the 17-year scourge of insecurity ravaging parts of Nigeria through a comprehensive Five-Year Strategic Defence Operations Plan designed to strengthen the country’s security architecture, improve military effectiveness, and ensure a coordinated response to emerging threats,” Alake stated.

He explained that the initiative shifts the security apparatus toward a “more coordinated, intelligence-led, technology-enabled, and prevention-oriented system,” combining sustained kinetic military offensives with non-kinetic interventions.

Detailing the structural reforms undertaken to boost troop availability and rapid response, the APC PCC spokesperson said President Tinubu has created four new Nigerian Army divisions and restructured existing military formations to decentralise operations.

To accelerate recruitment, the President also approved establishing two new Army depots in Osogbo, Osun State, and Amasiri-Edda, Ebonyi State. Each facility can train 6,000 recruits simultaneously, adding a combined training capacity of 12,000 soldiers.

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Alake noted that the Osogbo depot is already operational, with 5,210 recruits currently undergoing training.

The statement also said the President has authorised a major recruitment drive across the security forces, approving the enlistment of an additional 28,000 soldiers into the Army and 50,000 new officers into the Nigeria Police Force to bolster internal security, improve policing capacity, and strengthen the country’s response to criminal activities.

On personnel welfare, Alake highlighted ongoing investments in military accommodation and operational infrastructure, citing the construction of a 700-unit military barracks in Ikere-Ekiti, Ekiti State.

“These measures reflect the administration’s determination to address manpower and infrastructure gaps, improve the capacity of security agencies, and ensure personnel are adequately trained, equipped, and deployed to areas facing security challenges,” the statement read.

On defence spending and combat readiness, Alake said the Five-Year Strategic Defence Operations Plan ensures clearly identified threats and national priorities guide security sector investments.

He added that the strategic framework is designed to close critical capability gaps, optimise available military resources, and eliminate unnecessary expenditure and waste across the defence sector.

 

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Politics Should Be About Issues, Not Violence – Let’s Protect Our Democracy, Says Tinubu

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I have followed recent reports of violence accompanying political events in different parts of the country.

Every form of violence stands condemned. Violence should never have a place in our political campaigns as we move toward the 2027 general elections.

Our campaigns should be about issues, a contestation of ideas that promote the welfare of our people and the progress of our country.

As the leader of this country, I commit myself to a peaceful, free, and fair election, and I urge political leaders and supporters across party lines to conduct themselves responsibly.

I have said that being in different political parties or pursuing different ambitions does not make us enemies.

As Nigerians, we are members of the same household living in different rooms. Therefore, our politics must elevate human conditions and focus on national progress and development.

I want to reiterate my previous directive to the security agencies: be strict and firm against anyone who seeks to test our resolve and will to preserve public order.

Our administration is committed to an orderly and peaceful election, and all political parties and candidates should be protected and free to campaign anywhere in the country without molestation or fear for their safety.

We shall not tolerate any irresponsible conduct by politicians and their supporters.

Security agencies are therefore authorised to confront thuggery and other anti-social and anti-democratic activities with full force.

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Update : THE COURAGE TO REFORM” BOOK TO BE UNVEILED DECEMBER 1 ,

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“The Central Planning Committee for the official unveiling of the book, The Courage to Reform: Architecture of President Bola Ahmed Tinubu, GCFR, Beyond 2027 — Statecraft, Vision for National Renewal, has announced Tuesday, December 1, 2026, as the new date for the highly anticipated ceremony.

The unveiling, which was initially scheduled for Thursday, November 5, 2026, at the Bola Ahmed Tinubu International Conference Centre, Abuja, was earlier postponed following adjustments to the official schedule of President Bola Ahmed Tinubu, GCFR, who is the Special Guest of Honour at the occasion.

HON. IMAAN SULAIMAN-IBRAHIM
Honourable Minister of Women Affairs and Social Development
Chairperson, Central Planning Committee

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