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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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Oseni congratulates Ajimobi on Nigeria’s IAEA Board appointment

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Chief (Mrs) Florence Ajimobi

Hon. Aderemi Oseni, the All Progressives Congress (APC) candidate for Oyo South Senatorial District, has congratulated Nigeria’s Ambassador and Permanent Representative to Austria and the International Atomic Energy Agency (IAEA), Dr. Florence Ajimobi, on her appointment as Nigeria’s Governor on the agency’s Board of Governors.

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), described the appointment as a development worthy of celebration in Oyo State and across the country.

In a statement on Sunday by his Media Aide, Idowu Ayodele, the lawmaker also congratulated the Federal Government on Nigeria’s election to the 35-member IAEA Board of Governors for the 2026 -2028 term.

Nigeria was elected to the Board during the 70th Regular Session of the IAEA General Conference in Vienna, Austria. Following the election, Ajimobi was appointed to represent Nigeria as Governor on the Board and will participate in its meetings and those of its committees.

The APC chieftain said Ajimobi’s new assignment would give Nigeria an opportunity to contribute to discussions around the peaceful use of nuclear science and technology, nuclear safety and security, safeguards and international cooperation.

He said the appointment was also a recognition of the diplomatic responsibilities the former Oyo first lady had undertaken on behalf of Nigeria.

“I congratulate Her Excellency, Ambassador Florence Ajimobi on her appointment as Nigeria’s Governor on the IAEA Board of Governors.

“This is a good development for her, for Oyo State and for Nigeria. She now has another important responsibility to represent the country, and I am confident that her experience will be useful in carrying out the assignment,” Oseni said.

The lawmaker said Nigeria’s participation in the IAEA Board could also help the country strengthen its cooperation with the agency and explore greater use of nuclear science and technology in sectors directly affecting the lives of its people.

According to him, such areas include healthcare, agriculture, food security, water-resource management and human-capacity development.

Oseni expressed confidence that Ajimobi would use the opportunity to advance Nigeria’s interests and promote initiatives that would further harness the peaceful applications of nuclear science and technology for national development.

He added: “At a time when science and technology are becoming increasingly important to development, Nigeria must make the most of its membership of the Board.

“I wish Chief Ajimobi a successful tenure and pray that her service will bring further opportunities for Nigeria and strengthen our engagement with the IAEA.”

Oseni also commended the Federal Government for Nigeria’s election to the Board, saying the country’s representation would enable it to take part in decisions and discussions concerning the agency’s work.

He wished Ajimobi success in her new assignment, noting that her appointment was another opportunity for a Nigerian diplomat to contribute to issues with implications for the country’s development.

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Alli hails Ajimobi’s appointment to IAEA board

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Senator Sharafadeen Alli, the All Progressives Congress (APC) governorship candidate in Oyo State, has congratulated Nigeria’s Ambassador to Austria, Dr Florence Ajimobi, on her appointment as Nigeria’s Governor on the Board of Governors of the International Atomic Energy Agency.

Ajimobi’s appointment is for the 2026–2028 term, following Nigeria’s election to the 35-member IAEA Board during the agency’s 70th General Conference in Vienna, Austria.

Alli, in a statement on Sunday, described the appointment as a significant diplomatic achievement for Ajimobi and a source of pride for Oyo State and Nigeria.

He said the appointment reflected the confidence placed in Ajimobi’s diplomatic experience and her capacity to represent Nigeria in discussions on the peaceful use of nuclear science and technology.

“This is not only a personal achievement for Ambassador Ajimobi but also a proud moment for Oyo State and Nigeria.

“Her appointment reflects the confidence reposed in her ability to contribute to critical global discussions on nuclear science and technology,” Alli said.

The APC candidate said Nigeria’s membership of the IAEA Board would give the country a stronger platform to participate in global discussions on nuclear governance and advance its interests in the peaceful application of nuclear technology.

According to him, nuclear science has important applications in sectors including healthcare, agriculture, energy, environmental protection and scientific research.

Alli urged Ajimobi to use her experience to promote initiatives that would support the development and responsible application of nuclear science and technology in Nigeria and other developing countries.

He specifically mentioned nuclear medicine, food security and clean energy as areas where greater international cooperation could benefit developing countries.

“Ambassador Ajimobi’s appointment comes at a time when the world is seeking safer, cleaner and more sustainable solutions to its energy and development challenges.

“I am confident that she will bring her expertise, integrity and commitment to the board and make Nigeria proud,” he said.

Alli also commended the Federal Government for supporting Nigeria’s representation on the IAEA Board, saying the development would further strengthen the country’s engagement in international diplomacy.

He wished Ajimobi a successful tenure and urged Oyo State stakeholders to celebrate the appointment as a reflection of the state’s contribution to national and international affairs.

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Oyo South: Oseni Supports Apete Widows With N10m, Promises More Interventions

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District, Hon. Aderemi Oseni, has supported widows from Apete, Awotan and neighbouring communities in Ido Local Government Area of Oyo State with N10m, promising more interventions to improve their welfare and livelihoods.

Oseni, who represents Ibarapa East/Ido Federal Constituency in the House of Representatives and chairs the House Committee on the Federal Road Maintenance Agency, made the donation on Tuesday during an interaction with hundreds of widows at Awotan, Ibadan.

The meeting was part of his ongoing consultations across Oyo South ahead of the 2027 general elections.

Speaking at the event, Oseni said his support for widows, market women and other vulnerable members of society was not driven solely by politics, but by his personal conviction and faith.

According to him, his own experience of growing up under difficult circumstances had strengthened his resolve to support people facing hardship.

He said, “The more I give, the more God blesses me. I pray every day that God should give me more so that I can give more to society. My joy is to see people happy.”

Oseni also assured the women that he would continue to support initiatives aimed at improving their welfare, while urging them to remain active in their communities and engage other residents on issues affecting their lives.

He encouraged the women to take the message to the grassroots through house-to-house and street-to-street engagement, including interactions with market women, artisans and youths.

The lawmaker also solicited support for President Bola Ahmed Tinubu’s Renewed Hope Agenda and other APC candidates ahead of the 2027 elections.

Earlier, the coordinator of the widows, Mrs Comfort Adedeji, said widows should not be regarded as helpless, noting that many of them had continued to provide for their families despite the loss of their husbands.

Adedeji described the women as mothers, caregivers, traders, farmers and workers who had continued to shoulder the responsibilities of their households.

She commended Oseni for what she described as his support for the women and appealed to him and other stakeholders to pay greater attention to widows through empowerment programmes, skills acquisition, financial assistance and educational support for their children.

She said supporting widows was effectively an investment in entire families because of the responsibilities they carried.

“When you empower a widow, you are not helping only one woman; you are helping an entire family and securing the future of her children,” she said.

The women expressed appreciation for the intervention and urged the lawmaker to sustain support for them, particularly in areas of business development and livelihood assistance.

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