Connect with us

News

FAAC Disburses N1.358tn  to Federal, State, LGs for July

Published

on

The Federation Accounts Allocation Committee (FAAC) has disbursed a total sum of ₦1.3 trillion to the federal, state, and local governments for the month of July 2024.

This was disclosed at the FAAC meeting held in Abuja on Wednesday.

According to a communiqué issued after the meeting, the Federal Government received ₦431.079 billion, while the state governments were allocated ₦473.477 billion from the total distributable revenue of ₦1.358 trillion.

The revenue distribution comprises several components, including ₦161 billion from distributable revenue, ₦582.307 billion from Value Added Tax (VAT), and ₦18.818 billion from the Electronic Money Transfer Levy (EMTL).

Additionally, the total distributable revenue included an Exchange Difference revenue of ₦581 billion and ₦13.6 billion from solid mineral revenue.

The communiqué, signed by Bawa Mokwa, the Director of Press and Public Relations at the Office of the Accountant General of the Federation, noted that the total revenue available for distribution in July 2024 was ₦2.6 billion.

It further detailed that deductions for the cost of collection amounted to ₦99.756 billion, while transfers, interventions, and refunds totaled ₦1.155 trillion.

In a related development, the balance in the Excess Crude Account (ECA) was reported to be $473,754.57 as of the end of July 2024.

Comments

News

Tinubu at 73: FERMA House Committee Chair, Oseni Hails President’s Leadership

Published

on

By

 

Says Tinubu’s policies shaping Nigeria’s future

 

The Chairman, House of Representatives Committee on the Federal Roads Maintenance Agency, (FERMA), Engr. Aderemi Oseni has congratulated President Bola Tinubu on his 73rd birthday, describing him as a transformative leader whose commitment to national development remains unwavering.

In a statement on Saturday by his media aide, Idowu Ayodele and made available to journalists in Ibadan, the lawmaker, who also represents Ibarapa East/Ido Federal Constituency in the House of Representatives, praised Tinubu for his visionary leadership and dedication to Nigeria’s progress. According to him, the President’s political trajectory and governance philosophy have laid the foundation for a more prosperous nation.

“President Tinubu’s contributions to Nigeria’s political and economic development are unparalleled. His leadership has inspired a new era of governance rooted in progressive ideals and economic transformation,” Oseni said.

The lawmaker highlighted the President’s role in fostering democratic growth, strengthening institutions, and implementing key economic reforms aimed at stabilising the nation. He added that Tinubu’s policies, particularly in infrastructure and road rehabilitation, are crucial to Nigeria’s long-term development.

Oseni commended Tinubu for prioritising road infrastructure, stating that a well-maintained road network is essential for economic expansion and national cohesion. He pledged his committee’s continued support in ensuring that FERMA’s projects align with the administration’s Renewed Hope Agenda.

Beyond infrastructure, the lawmaker lauded Tinubu’s economic policies, including efforts to attract foreign investments and promote industrialisation. He expressed optimism that the government’s initiatives would yield tangible results, urging Nigerians to remain patient as reforms take shape.

“As a nation, we must rally behind the President’s agenda for economic recovery. Nation-building is a collective effort, and we must support policies that drive growth, stability, and prosperity,” he stated.

Oseni prayed for the President’s good health and strength, urging leaders across the country to emulate Tinubu’s resilience, strategic foresight, and inclusive governance.

 

 

Continue Reading

News

Olugbon, Olori Mourn Abisola Kola-Daisi, Commiserate with Ajimobi, Kola-Daisi Families

Published

on

By

The Olugbon of Orile-Igbon and Vice Chairman of the Oyo State Council of Obas and Chiefs, Oba Francis Olushola Alao, alongside his wife, Olori Olushola Adedoyin Alao, has expressed deep sorrow over the sudden passing of Mrs. Abisola Kola-Daisi, daughter of the late Governor Abiola Ajimobi and Chief (Mrs.) Florence Ajimobi.

In a jointly signed condolence message, the royal couple described the news as heartbreaking, especially coming just five years after the demise of the former Governor of Oyo State, Senator Abiola Ajimobi.

They extended their sympathies to Mr. Idris Kolapo Kola-Daisi, Abisola’s husband, their children, as well as Chief Kola Daisi and the entire Kola-Daisi family, urging them to find strength in this difficult time.

“This tragic loss has brought sorrow to the hearts of friends, relations, and well-wishers of the esteemed Ajimobi and Kola-Daisi families. Bisola’s warm smile brightened the lives of those around her, and she carried herself with grace, nobility, and kindness,” the statement read.

Praying for divine comfort and fortitude for the bereaved families, the Olugbon and Olori noted that though Abisola’s life was brief, it was impactful and meaningful.

“We urge the family to take solace in the remarkable life she lived. A short but impactful life is truly valuable. May Almighty Allah grant her Aljanna Firdaus,” they added.

The royal couple also prayed that God would grant Chief (Mrs.) Ajimobi, her children, and the entire Kola-Daisi family the strength to bear the irreparable loss.

Continue Reading

News

Rep. Oseni Condoles Late Gov. Ajimobi, Kola-Daisi Families Over Bisola’s Passing

Published

on

By

The Chairman of the House Committee on Federal Roads Maintenance Agency (FERMA), Engr. Aderemi Oseni has expressed deep sorrow over the passing of Mrs Bisola Kola-Daisi, daughter of the late former Governor of Oyo State, Senator Abiola Ajimobi.

Oseni, who represents Ibarapa East/Ido Federal Constituency, described Bisola’s death as a tragic loss not only to her family but also to the wider Oyo State community.

In a condolence message issued on Thursday by his media aide, Idowu Ayodele, and made available to journalists in Ibadan, the lawmaker sympathised with the Ajimobi and Kola-Daisi families, praying for divine strength and comfort in their time of grief.

“I am deeply saddened by the passing of Mrs Bisola Kola-Daisi. My heart goes out to the Ajimobi and Kola-Daisi families, especially, our late leader’s widow, Mrs. Florence Ajimobi during this painful period. May God grant them the fortitude to bear this irreplaceable loss,” he said.

The All Progressives Congress (APC) chieftain urged the late governor’s wife, Chief Florence Ajimobi and other members of the bereaved families to find solace in Bisola’s impactful life. He emphasised that, beyond being the daughter of a respected former governor, she distinguished herself as a businesswoman and philanthropist, leaving behind a remarkable legacy.

“Bisola was a woman of substance who made significant contributions to society. Her kindness, dedication, and commitment to excellence will always be remembered,” Oseni added.

The lawmaker also extended his condolences to Bisola’s husband, Mr Idris Kola-Daisi, acknowledging the immense pain he must be experiencing. He prayed for divine strength for him and the entire Kola-Daisi family as they navigate this difficult time.

Oseni further called on the public to keep the bereaved families in their thoughts and prayers. He prayed that Almighty God grants Bisola eternal rest and gives her loved ones the resilience to endure the painful loss.

Continue Reading

Trending