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Breaking : Federation Accounts Allocation, FG, States and local councils share N1.203tr for August 2024

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The Federation Accounts Allocation Committee (FAAC) has announced the disbursement of N1.203 trillion in revenue for August 2024 to the Federal Government, State Governments, and Local Government Councils.

The announcement was contained in a communiqué after the FAAC’s September 2024 meeting in Abuja.

The total distributable revenue of N1.203 trillion comprises several sources, reflecting the government’s diverse revenue streams.

This amount includes distributable statutory revenue of N186.636 billion, distributable Value Added Tax (VAT) revenue of N533.895 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.017 billion and Exchange Difference revenue of N468.245 billion.

These figures reflect the government’s continued reliance on multiple channels to generate public funds, although some sources showed a decrease from the previous month.

The FAAC communiqué also reported that the total revenue available for distribution in August 2024 was N2.278 trillion.

However, the actual distributable amount was reduced following deductions for cost of collection, which stood at N81.975 billion as well as transfers, interventions, and refunds amounting to N992.617 billion.

These deductions indicate the costs incurred by various government agencies in collecting the revenue as well as amounts transferred for specific interventions or refunds during the month.

FAAC shares N1.143tr among tiers of govt
The gross statutory revenue collected for August 2024 amounted to N1.221 trillion, representing a decrease of N165.994 billion compared to July 2024 when the statutory revenue was N1.387 trillion.

Similarly, the gross revenue from VAT for August was N573.341 billion, down by N51.988 billion from the N625.329 billion recorded in July. These declines highlight the volatility in some of the major revenue sources, particularly as they relate to domestic consumption and taxation.

From the N1.203 trillion total distributable revenue, the Federal Government, State Governments, and Local Government Councils received allocations. The Federal Government received N374.925 billion, the State Governments received N422.861 billion, and the Local Government Councils received N306.533 billion. In addition, a total sum of N99.474 billion, which represents 13% of mineral revenue, was shared to the oil-producing states as derivation revenue.

Of the N186.636 billion distributable statutory revenue, the Federal Government received N71.624 billion, while the State Governments received N36.329 billion, and the Local Government Councils received N28.008 billion. Furthermore, N50.675 billion was allocated to oil-producing states as derivation revenue from this statutory distribution.

From the N533.895 billion VAT revenue, the Federal Government received N80.084 billion, while the State Governments and Local Government Councils received N266.948 billion and N186.863 billion respectively.

In terms of the N15.017 billion generated from the Electronic Money Transfer Levy (EMTL), the Federal Government received N2.252 billion, while the State Governments received N7.509 billion, and the Local Government Councils received N5.256 billion.

The N468.245 billion from Exchange Difference revenue was distributed with the Federal Government receiving N220.964 billion, the State Governments receiving N112.076 billion, and the Local Government Councils receiving N86.406 billion. In addition, oil-producing states were allocated N48.799 billion from this revenue as derivation.

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Breaking : UK Tightens Security With Road Closures, No-Fly Zones for Tinubu’s Visit

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Britain will impose airspace restrictions and deploy armed police officers in Windsor next week as President Bola Tinubu arrives for a state visit hosted by King Charles III.

Tinubu is expected to begin the visit in the company of his wife Oluremi Tinubu on Wednesday, March 18, with a reception at Windsor Castle.

Thames Valley Police in a statement on its website on Wednesday, said it is working with the Royal Borough of Windsor and Maidenhead, the Royal Household and other security partners.

The force said airspace restrictions over Windsor Castle, which are in place permanently throughout the year, would be extended on Wednesday, March 18, to cover the period from 7am to 11.59pm.

Chief Superintendent Adrian Hall of Thames Valley Police’s Joint Operations Unit said the air restrictions formed part of a broader security operation for the visit.

“The air restrictions are just one part of our robust security operation for the state visit of Nigerian President Tinubu next week, with many measures you will see and others you will not..

“As a force, we have a vast amount of experience in policing Royal events in Windsor and significant planning, and preparation has gone into this event,” Hall said.

He said the force would take a strong stance in enforcing the restrictions, warning that any breach would constitute a criminal offence under the Air Navigation Order and could lead to arrest.

“We will be taking a strong stance in enforcing the restrictions; anyone who breaches them will be committing a criminal offence under the Air Navigation Order and could be arrested.”

The police chief said officers with specialist capabilities, including search teams, the Mounted Section, road policing, and armed units, would be deployed across Windsor, alongside neighbourhood policing and Project Servator resources.

“We will also be deploying numerous police officers to Windsor with specialist capabilities, including our search teams, Mounted Section, Roads Policing and armed units, while our neighbourhood and Project Servator resources will also be on the ground engaging with the public,” he said.

The authorities will also deploy an extensive closed-circuit television network, hostile vehicle mitigation barriers, and other undisclosed security measures for the event.

Hall said, “We will also be using the extensive CCTV network in Windsor, Hostile Vehicle Mitigation barriers, and many other security measures that you may not be able to see to make sure the event runs safely.”

He urged members of the public to support the security operation by remaining vigilant.

“The public plays a critical role to support us so we encourage them to report any suspicious activity or anything that does not seem quite right by calling 101 or speaking to one of our officers. If there is an immediate threat or emergency, then call 999,” Hall added.

Road closures and parking restrictions will take effect from Tuesday, March 17, with possible temporary disruption to roads in and around Windsor during the visit.

Thames Valley Police said it was being supported by the Civil Aviation Authority and National Air Traffic Services to enforce the flight restrictions. Persons with legitimate reasons for drone flying were directed to email [email protected].

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BREAKING: PDP Convention Crisis Deepens as Appeal Court Backs Order Against INEC Recognition

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…dismisses appeal, awards N2m cost against party

The Court of Appeal in Abuja has dismissed an appeal by the Peoples Democratic Party (PDP) against the October 31 judgment by Justice James Omotosho of the Federal High Court in Abuja restraining the Independent National Electoral Commission (INEC) from recognising the outcome of the national convention planned for Ibadan, Oyo State on November 15 and 16 by the PDP.

In a unanimous judgment on Monday, a three-member panel of the appellate court resolved the four issues for determination against the PDP.

It held that the appeal by the PDP was without merit and that the Federal High Court was right to have entered the October 31 judgment and granted all the reliefs sought by the plaintiffs.

The Court of Appeal faulted the PDP’s claim that the trial court lacked jurisdiction to have heard the case on the grounds that issues involved were solely internal affairs of the party.

The court also held that the plaintiffs had the locus standi to have institutes the suit to protect their democratic rights and that the PDP was not denied fair hearing as it claimed in its appeal.

The court awarded N2million cost against the PDP for filing a frivolous appeal.

The court is yet to render its decisions in the remaining eight appeals, which include judgment and rulings

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Opeifa Defends Rail Reforms, Unveils Nationwide Expansion Roadmap

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Opeifa maintained that derailments are not peculiar to Nigeria, noting that such incidents occur across advanced rail systems globally.

“Derailments are regular occurrences in the rail sector worldwide. In February alone, there were incidents in countries like Britain and others. Around the same time we experienced one, there were multiple derailments across the world,” he said.

He disclosed that in 2025, Nigeria recorded three major derailments:
• August 26 at Asham in Kaduna State
• November 1 at Abraka on the Warri–Itakpe line
• November 8 at Agbor on the same corridor

He said the NRC responded swiftly, restoring services within 24 hours in one case, while others were resolved within 21 and 28 days respectively.

Opeifa stressed that derailments can result from factors such as weather conditions, signal glitches, human error, speeding, or aging infrastructure, but noted that in Nigeria’s recent cases, there were no fatalities.

“These incidents are preventable and efforts are ongoing to minimize them. However, they should not be seen as major setbacks to the overall progress of the railway system,” he said.

On Allegations of Mismanagement

Addressing allegations of financial mismanagement within the corporation, Opeifa declined detailed comments, citing ongoing legal processes.

“When a matter is in court, it is sub judice. Allegations of corruption or mismanagement should be handled by the appropriate authorities,” he stated.

He reiterated that his priority is to reposition the NRC in line with global best practices and ensure efficient rail services for Nigerians.

Expansion, Upgrades and National Connectivity

The NRC boss said efforts are underway to restore damaged coaches and upgrade infrastructure using local engineers and technicians.

“We are bringing back the lines and retrofitting coaches. The Warri–Itakpe line is operational. The Abuja–Kaduna line is running, and we are increasing trips from two to three,” he said.

On long-term plans, Opeifa disclosed that the NRC roadmap envisions rail connectivity across major cities nationwide, subject to funding and phased execution.

He dismissed claims of abandoned projects, explaining that rail developments are capital-intensive and implemented in phases based on available resources.

He cited progress on the Lagos–Ibadan corridor—part of the larger Lagos–Kano project—as well as ongoing work on the Kano–Maradi line linking key northern cities.

Lagos–South-East, Port Connections in View

Opeifa also highlighted plans to expand connectivity between southern ports and inland cities. These include proposed links from Warri to Abuja and from Lekki Deep Sea Port to Kajola, Benin, Onitsha, and Aba, enabling both passenger and cargo movement.

Toward Modern Signaling and Faster Trains

On modernization, he said Nigeria is gradually upgrading from older narrow-gauge systems to standard-gauge infrastructure with improved signaling technology.

He noted that metro rail projects in Kaduna, Kano, and Lagos are being developed with higher signaling standards, positioning the country for faster and more efficient train services in the coming years.

“We are not yet at the highest global level, but we are moving steadily upward,” Opeifa said.

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