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AUGUST: FG, states, LGs share N696.965bn as VAT revenue hits N166.228bn

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The Federation Accounts Allocation Committee (FAAC) has shared a total of N696.965 billion as federation allocation for the month of August.

Oshundun Olajide, a Deputy Director of Information at the Office of Accountant General of the Federation (OAGF), made this known in a statement on Thursday.

Interestingly , amid the lingering controversy over whose responsibility it is to collect VAT, the nation also recorded a significant increase in the collection of Value Added Tax (VAT) and import duty.

Recalled that series of court cases and rulings emerged recently as the Rivers State government, backed by Lagos and some other states, challenged the legality of the Federal Inland Revenue Service (FIRS) to collect VAT.

Olajide, in the statement further stated that FAAC held a virtual conference on Wednesday where it shared the sum to the three tiers of government.

“From this amount, inclusive of Value Added Tax (VAT), Exchange Gain, Excess Bank Charges and Revenue from non-oil, the Federal Government received N289.257 billion, the states received N217.183 billion, the local government councils got N161.541 billion, while the oil-producing states received N41.376 billion as derivation (13 per cent of mineral revenue),” the statement explained.

The communique issued at the end of the meeting indicated that the gross revenue available from the Value Added Tax (VAT) for August was N166.228 billion.

According to FAAC, the Federal Government got N24.934 billion of the revenue generated from VAT, while the states and local government councils (LGCs) received N83.114 billion and N58.180 billion respectively.

The statement continued, “the sum of N50 billion from non-oil revenue was equally distributed accordingly to the three tiers of government as follow – the Federal Government received N26.340 billion; the states got N13.360 while the LGCs received N10.3 billion.

“The distributed statutory revenue of N477.504 billion was received for the month from which the Federal Government received N236.437 billion, states got N119.924 billion, LGCs got N92.4456 billion, and derivation (13 per cent mineral revenue) got N28.687 billion.

It revealed that Companies Income Tax (CIT), Petroleum Profit Tax (PPT), oil and gas royalties, and excise duty recorded decreases, while import duty and VAT increased significantly.

The communique indicated that total revenue distributable for the month included gross statutory revenue of N477.504 billion, VAT of N166.228 billion, exchange gain of N2.830 billion, excess bank charges recovered of N0.403 billion, and N50 billion from non-oil revenue.

This brings the total distributable revenue to N696.965 billion for the month of August.

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2027: Makinde’s Successor Must Be Muslim, Aare Musulumi Declares

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The Aare Musulumi of Yorubaland, Edo and Delta States, Alhaji Dahud Makanjuola Akinola, has insisted that Governor Seyi Makinde’s successor in 2027 should be a Muslim, throwing his weight behind the All Progressives Congress governorship candidate, Senator Sharafadeen Abiodun Alli.

Akinola said the governorship ticket should go to a popular Muslim candidate, citing an alleged understanding reached between Muslim and Christian leaders in Oyo State ahead of the 2023 governorship election.

He stated this on Thursday at a special empowerment programme organised by the Asiwaju Musulumi of Oyo State, Alhaji Mutiu Oladejo Azeez Onimalu, at his residence in Egbeda, Ibadan.

According to him, the understanding was that Muslim and Christian leaders would support Makinde’s second-term ambition in 2023, with the expectation that a popular Muslim candidate acceptable to both religious groups would receive their backing in 2027.

The Islamic leader described Alli’s emergence as the APC governorship candidate as divinely ordained, claiming that the senator had secured the support of Muslims and Christians across the state.

He urged residents to rally behind Alli, expressing confidence that those involved in the reported agreement would honour their commitment.

Akinola also commended Onimalu for his contributions to the growth of Islam and his philanthropic activities, noting that his humanitarian efforts had continued to make a positive impact on the lives of the people.

In his welcome address, Onimalu disclosed that his foundation planned to empower at least 10,000 people, particularly unemployed graduates and widows, to cushion the effects of the prevailing economic hardship.

He said the initiative was designed to make beneficiaries financially independent and reduce their dependence on relatives and acquaintances for survival.

The Asiwaju Musulumi also declared support for Alli’s governorship ambition, expressing confidence in his victory at the 2027 election.

He maintained that the reported understanding between Muslim and Christian leaders in the state should be respected, urging the Christian Association of Nigeria (CAN) and other Christian organisations reportedly involved in the arrangement to honour their commitment.

Onimalu consequently called on residents to support Alli and vote for him in the February 2027 governorship election.

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Oyo APC Senate Candidate, Oseni, Gifts Cars to Party Leaders, Sarkin Hausawa {Photos}

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon. Aderemi Oseni, has presented three Toyota Camry cars to two party leaders and the Sarkin Hausawa of Ibadanland, Alhaji Muhammad Shuaibu Dikko, in recognition of their loyalty, support and contributions to his political journey.

The beneficiaries are Alhaji Muftau Adisa Gbayawu of Ibadan South-East Local Government Area, Pa Dayo Adeola of Ibarapa East Local Government Area and Alhaji Dikko. The presentations were made on Tuesday and Thursday at the lawmaker’s residence in Ibadan.

Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives and chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), said the gesture reflected his belief that leadership should be anchored on gratitude and recognition of those who contribute to collective progress.

 

In a statement issued by his media aide, Idowu Ayodele, and made available to journalists in Ibadan on Thursday, the lawmaker described the presentations as a personal expression of gratitude to individuals whose commitment and encouragement had remained invaluable over the years.

The statement also explained that the latest gesture was part of Oseni’s longstanding personal tradition of expressing gratitude to God Almighty and appreciating people who had contributed to his journey.  It further stressed that the gesture was not an isolated one, but complemented several other ways through which he had consistently recognised and rewarded loyalty, commitment and support.

“This is not just a gesture; it is part of my personal commitment to showing gratitude to God Almighty and appreciating people whose support, loyalty and encouragement I never take for granted,” Oseni said.

He noted that the beneficiaries had remained steadfast in their support for his political vision, stressing that their contributions and sacrifices deserved recognition.

The APC candidate also reaffirmed his commitment to inclusive representation, maintaining that his vision for Oyo South transcended religious, ethnic and gender differences.

“My vision for Oyo South is bigger than religion, ethnicity or gender. It is about bringing people together, respecting our diversity and building a representation in which every community and every constituent matters,” he said.

Oseni assured party leaders, supporters and constituents that he would continue to acknowledge their trust, sacrifices and dedication, describing their contributions as vital to the collective effort to advance the senatorial district. He added that more party leaders would receive similar gestures in the coming days.

The beneficiaries, in their separate remarks, expressed appreciation to the lawmaker for what they described as an unexpected but deeply touching gesture. They commended his thoughtfulness and regard for those who had stood by him, offered prayers for God’s continued guidance and protection, and reaffirmed their support for his political journey.

Describing Oseni as a rare breed of politician with a genuine commitment to the welfare of the people and grassroots development, they pledged to continue supporting him as he discharges his legislative responsibilities at the National Assembly.

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Oyo South APC Candidate, Oseni, Takes Delivery of 20 New Transformers for Distribution

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Oseni, has taken delivery of 20 additional transformers for distribution to communities across the district as part of efforts to address electricity challenges and strengthen local infrastructure.

The latest consignment is expected to provide relief to communities grappling with inadequate power supply, particularly households, traders, artisans and small-scale business owners whose economic activities are often hampered by unreliable electricity.

In a statement issued by his media aide, Idowu Ayodele, and made available to journalists in Ibadan on Saturday, Oseni, who currently represents Ibarapa East/Ido Federal Constituency in the House of Representatives and chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), described electricity as a critical driver of economic growth, community development and improved living standards.

He said the intervention was informed by the need to respond to the everyday challenges confronting residents, noting that access to reliable electricity remained essential to both domestic and commercial activities.

“We recognise the difficulties our people face as a result of inadequate electricity supply. For traders, artisans, small business owners and families, reliable power is not a luxury but an important part of their daily lives. The arrival of these 20 additional transformers is another practical step towards responding to those concerns and supporting our communities,” he said.

The lawmaker explained that the transformers would be distributed to identified communities based on their electricity needs, adding that care would be taken to ensure the equipment served its intended purpose and delivered tangible benefits to residents.

He further stressed that effective representation should go beyond political promises and public pronouncements, noting that elected leaders must demonstrate their commitment through practical interventions that address the needs of their constituents.

“Our people deserve more than promises. They deserve leadership that pays attention to their challenges and is committed to finding practical ways to address them. We will continue to support initiatives that improve living conditions, strengthen local businesses and bring development closer to our communities,” he added.

The latest delivery adds to Oseni’s infrastructure support efforts across Oyo South, with electricity supply remaining a major concern for many communities in the senatorial district.

The intervention is also expected to complement his earlier efforts to improve electricity distribution and service delivery across the affected communities.

Oseni reaffirmed his commitment to supporting initiatives aimed at improving the welfare of residents and promoting sustainable development across Oyo South.

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