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FAAC allocates N1.15trn to FG, states, LGs

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The Federation Allocation Accounts Committee, FAAC, said on Thursday that the overall amount of money received by the government in January 2024 grew to N2.07 trillion, of which N1.15 trillion was distributed to the federal government, the states, and local government districts.

Following its monthly meeting in Abuja, the FAAC released a communiqué stating that the revenue was distributed to support the requirements of the subnational governments.

The sum divided is N29 billion less than the N1.44 trillion paid out in January 2023, according to a news statement issued by Bawa Mokwa, Director of news and Public Relations at the Office of the Accountant-General of the Federation.

According to the release, the N1.45 trillion total distributable revenue was made up of N463.1 billion in distributable statutory revenue, N391.8 billion in distributable value added tax income, N15.9 billion in revenue from the Electronic Money Transfer Levy, and N279.03 billion in revenue from exchange differences.

It further stated that N200 billion was set aside as savings in January 2024, out of a total revenue of N2.07 trillion.

“Total deductions for the cost of collection was N78.4bn, total transfers, interventions, and refunds was N640bn and savings was N200bn.

“Gross statutory revenue of N1.15trn was received for the month of January 2024. This was higher than the sum of N875bn received in the month of December 2023 by N276bn,” the communique read.

The communique further stated that from the N1.15trn total distributable revenue, the Federal Government received a total of N407.267 bn, the state governments received N379.407 bn and the local governments received N278.041bn.

It added that VAT collection was reduced by N71.7bn to N420.7bn in the month ending.

The statement added, “The gross revenue available from the Value Added Tax in January 2024 was N420.733 billion. This was lower than the N492.506 billion available in the month of December 2023 by N71.773 billion.

“From the N1,149.816 billion total distributable revenue, the Federal Government received a total of N407.267 billion, the State Governments received N379.407 billion and the Local Government Councils received N278.041 billion.

“A total sum of N85.101 billion (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

“From the N463.079 billion distributable statutory revenue, the Federal Government received N216.757 billion, the State Governments received N109.942 billion and the Local Government Councils received N84.761 billion. The sum of N51.619 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue.

“The Federal Government received N58.768 billion, the State Governments received N195.894 billion and the Local Government Councils received N137.125 billion from the N391.787 billion distributable Value Added Tax revenue.”

Also, the N15.922 billion Electronic Money Transfer Levy was shared as follows: the Federal Government received N2.388bn, the state governments received N7.961bn and the local governments received N5.573 billion.

“The Federal Government received N129.354 billion from the N 279.028 billion Exchange Difference revenue. The State Governments received N65.610 billion, and the Local Government Councils received N50.582 billion. The sum of N33.482 billion (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

“In January 2024, Companies Income Tax, Import Duty, Petroleum Profit Tax, and Oil and Gas Royalties increased significantly, while Value Added Tax, Export Duty, Electronic Money Transfer Levy, and CET Levies decreased considerably.

“The balance in the ECA was $473,754.57,” the statement concluded.

 

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Tinubu appoints Alfred Abah as Nigeria’s first SSA on civil service matters

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In a landmark decision, President Bola Tinubu has appointed Alfred Abah as the Senior Special Assistant on Civil Service Matters, marking the creation of a brand-new role within Nigeria’s Civil Service.

Abah, a retired director from the Federal Civil Service, is tasked with improving the administration and operational efficiency of the civil service.

The appointment was officially announced by Eno Olotu, Director of Press at the Office of the Head of Civil Service of the Federation, on Wednesday.

This new role is seen as a critical step in modernizing and enhancing the performance of Nigeria’s civil service system.

Didi Walson-Jack, the Head of Civil Service, expressed her gratitude to President Tinubu for establishing this unprecedented position, emphasizing that Abah’s leadership will play a key role in transforming the effectiveness of the civil service.

The statement read, “She emphasized that this strategic decision reflects the administration’s commitment to advancing ongoing reform efforts aimed at enhancing the efficiency and effectiveness of the Civil Service.

“Mr. Alfred Abah, an accomplished administrator and a retired Director of the Federal Civil Service, brings with him a wealth of experience, deep expertise, and a solid reputation for integrity and professionalism. With over three decades of dedicated service in various key roles across the public sector, his track record speaks to his capability in driving reforms and fostering organisational excellence.

“The HCSF noted that, under the leadership of President Tinubu and his Renewed Hope Agenda, the Nigerian Civil Service has witnessed transformative progress. These reforms have boosted the confidence of the Nigerian people in the government’s dedication to good governance and public service excellence.”

 

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Apply! : Nigerian Air Force announces recruitment for Direct Short Service Commission

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The Nigerian Air Force (NAF) has officially announced the commencement of recruitment for its Direct Short Service Commission (DSSC33/2024), inviting qualified graduates and post-graduates to apply for officer training in various professional fields.

In a statement issued by Air Vice Marshal A.H. Bakari on behalf of the Chief of the Air Staff, the NAF encouraged interested applicants to register online at no cost through the official recruitment portal: [www.nafrecruitment.airforce.mil.ng](http://www.nafrecruitment.airforce.mil.ng).

The online registration process will begin on October 14, 2024, and will remain open until November 26, 2024.

This presents a valuable opportunity for prospective candidates to join the Nigerian Air Force and contribute to the nation’s defense and security efforts.

Applicants are advised to thoroughly review the required disciplines before submitting their applications, as the NAF has emphasized that multiple submissions or errors will lead to automatic disqualification.

“Only one application can be made, as once submitted, it cannot be corrected. Multiple applications will result in disqualification,” the NAF warned.

Eligibility criteria

To be eligible for the Direct Short Service Commission, applicants must:

  • Be Nigerian by birth.
  • Meet the height requirements of 1.66 meters for males and 1.63 meters for females.
  • Be medically, physically, and psychologically fit.
  • Have no criminal convictions.
  • Be aged between 20 and 30 years.
  • However, Medical Consultants are eligible between the ages of 25 and 40 years.

The NAF emphasized the importance of applicants meeting these criteria, noting that failure to meet any of the conditions will lead to disqualification.

Qualification requirements

Applicants must possess at least a Second Class Upper Division for degree holders or an Upper Credit for HND holders.

Additionally, candidates must have credits in English, Mathematics, and three other subjects relevant to their course of study. Computer literacy is considered an added advantage.

The NAF also requires applicants to have completed the National Youth Service Corps (NYSC) and present either a Discharge Certificate or a Letter of Exemption at the time of application.

Registration with relevant professional bodies in Nigeria is required where applicable.

Aptitude tests will be scheduled, and candidates are expected to monitor the NAF recruitment portal for updates on the dates and locations of the tests.

Any false declarations or multiple submissions will lead to disqualification.

All application submissions must be completed within the given timeframe, and applicants are required to print and sign all relevant documents upon successful application.

Required documents

Upon completing the application process, candidates whose submissions meet the stipulated requirements will be required to print the following documents:

Local Government Area Attestation Form, signed by a Military/Police Officer of appropriate rank, or other approved authorities.

Parent/Guardian Consent Form.
Attestation of Good Character Form.
Acknowledgment Form.

These documents are necessary to complete the application process, and invalid applications will not generate these slips.

Further details are available on the Nigerian Air Force website, applicants may also contact NAF support lines at 07052683575 and 07030562381 or via email at careers@airforce.mil.ng for inquiries.

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FG denies responsibility for recent fuel price hikes

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The Federal Government of Nigeria has clarified that it is not accountable for the recent surge in petrol prices following the Nigerian National Petroleum Company Limited’s (NNPCL) announcement of significant increases in the price of Premium Motor Spirit (PMS).

On Wednesday, the NNPCL raised petrol prices across the country, causing prices to jump to N1,030 per litre in Abuja, up from N897.

In Lagos, the price increased from N855 to N998, while regions in the South-South now face prices as high as N1,075. The North-East has seen prices reach N1,070, with the South-East at N1,045 and other South-West states at N1,025 per litre.

In response to the public outcry, Minister of Information and National Orientation, Mohammed Idris, stated that the Federal Government did not influence NNPCL’s decision to raise prices.

He emphasized that the company’s actions were a direct response to current market conditions within the energy sector.

Since the removal of fuel subsidies in May 2023, the government has lost its ability to regulate fuel prices, as stipulated by the Petroleum Industry Act (PIA).

This shift has led to fluctuations in fuel prices based on market dynamics, leaving many Nigerians concerned about the rising cost of living.

“The differential you’re seeing is a result of different factors. One of them is the crisis in the Middle East. There’s volatility in the market. Therefore, the prices of petroleum products are going up, consistent with what is happening with other operators in the industry globally.

“Secondly, NNPC cannot continue to absorb these losses for Nigeria because as a limited liability company, it would be operating at a loss,” he said.

The Minister appealed to Nigerians to understand the situation, assuring that prices would eventually decrease.

 

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