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The Federation Accounts Allocation Committee (FAAC) has shared N606.196 billion to the three tiers of government for the month of April.

Mr Hassan Dodo, Director of Information in the Ministry of Finance, Budget and National Planning, made this known in a statement in Abuja on Friday.

Dodo said the meeting, held by virtual, was chaired by Dr Mahmoud Isa-Dutse, the Permanent Secretary in the ministry.

He said the amount shared included Value Added Tax (VAT), Exchange Gain, Solid Mineral Revenue, Excess Bank Charges and Excess Oil Revenue.

He explained that the Federal Government received N169.831 billion, the states got N86.140 billion while the local government councils had N66.411 billion and the oil producing states received N32.895 billion as 13 per cent derivation.

The director, however, disclosed that the cost of collection of Federal Inland Revenue Service (FIRS) Refund and Allocation to North East Development Commission and Transfer to Excess Oil Revenue was N15.134 billion.

“The Gross Revenue available from the VAT for April 2020 was N94.495 billion as against the N120.268 billion distributed in the preceding month of March, resulting in a decrease of N25.772 billion.

“The distribution is as follows; Federal Government got N13.182 billion, the states received N43.941 billion, local government councils took N30.758 billon.

“The distributed Statutory Revenue of N370.411 billion received for the month was lower than the N597.676 billion received for the previous month by N227.265 billion,” he stated.

He said that Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Import and Export Duties, Oil and VAT, all recorded decrease.

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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COVID-19: We don’t have money to buy food – Buhari

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COVID-19: We don’t have money to buy food – Buhari Buhari

President Muhammadu Buhari has urged farmers to return to their farms in order to provide food for Nigerians, as there is no money for importation.

Buhari, while speaking with State House reporters after Eid prayers on Sunday, also prayed for a favourable raining season.

“I hope the raining season would be bountiful so that we get a lot of food.

“I wish the farmers will go to farms and save our lives so that we can produce what we need in sufficient quantity so that we don’t have to import food.

“In any case, we don’t have any money to import food. So, we must produce what we are going to eat,” he said.

The First Lady, Aisha Buhari, used the opportunity to appreciate the efforts of the Ministry of Health and the Nigeria Centre for Disease Control (NCDC), in containing the COVID-19 outbreak.

“I wish to thank the Federal Ministry of Health and also the NCDC for their efforts in combating the pandemic,” she said.

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Sanwo-Olu to virtually inaugurate projects to mark one year in office

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Sanwo-Olu to virtually inaugurate projects to mark one year in office Sanwo Olu

 

Sanwo-Olu to virtually inaugurate projects to mark one year in office Sanwo Olu 300x257

 

In fulfillment of his promises to renew infrastructure in critical sectors, Lagos State Gov. Babajide Sanwo-Olu is to inaugurate housing, education, and road projects as part of activities to mark one year in the office.
The state Commissioner for Information and Strategy, Mr. Gbenga Omotoso, said in a statement on Sunday, that some of the projects would be inaugurated virtually while the others would be on-site.
He noted that Sanwo-Olu’s administration would be one year old on May 29.
The official said that a number of programmes had been slated to commemorate the anniversary.

He said that the governor would visit Ikorodu to inaugurate the 360-unit Lagos Homes and visit Igbogbo Baiyeku IIB Estate, Lekki, and the Courtland Villas on Femi Okunnu Estate during the weeklong celebration.
”In the education sector, Sanwo-Olu will conduct virtual inauguration of completed classroom blocks in Maya Secondary School, Ikorodu; Eva Adelaja Junior School, Bariga; and Saviour Primary School, Ifako-Ijaiye, among others.
”Virtual inauguration of completed works such as the Concrete Jetty in Baiyeku, Ikorodu, Aradagun-Ajido- Epeme Road in Badagry, and the Maryland Signalisation project also forms part of the itinerary to commemorate the anniversary
”Prior to May 29, Sanwo-Olu will deliver Children’s Day address on May 27, which coincides with the 53rd anniversary of the state,” he said.
The commissioner said that the anniversary events would not be held elaborately, in order to reflect the realities and challenges posed by the COVID-19 pandemic.
”This is not a time to engage in any elaborate celebrations.
”The governor, however, considers it essential to render an account of his service to Lagosians since he was voted into office a year ago,” Omotosho said.
The commissioner said that in the next few days, the anniversary programmes would begin at the J.J.T Park in Alausa, with press briefings by some members of the state executive council.
He said that commissioners and special advisers would present their scorecards in tandem with the six pillars of the state’s T.H.E.M.E.S Agenda.

”Three special publications highlighting the achievements of the Babajide Sanwo-Olu administration and testimonies of beneficiaries of various initiatives of the government are slated for presentation to the public by the governor and his deputy, Dr. Obafemi Hamzat.
”Sanwo-Olu remains focused on fulfilling his campaign promises to Lagosians and determined to accomplish set targets in spite of the temporary setback occasioned by the economic challenges of the COVID-19 pandemic.
”The COVID-19 pandemic has proven to be an interesting alteration to our ways of life,” he said.

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