Politics

FG, states and LGs share N760bn September allocation

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The federal, state, and local governments have shared N760bn allocation for the month of September.

The Federation Account Allocation Committee (FAAC) disclosed this on Thursday, October 27, in a communiqué issued after its meeting for October 2022.

A breakdown of the N760.235 billion for the month of September shows that N502.135 billion was for statutory revenue, N189.928 billion for value-added tax (VAT), and N8.172 billion for electronic money transfer levy (EMTL).

According to the communiqué, the federal government received N294.244 billion, the states received N233.223 billion, and local governments received N172.776 billion.

For the month in review, oil-producing states also received N59.992 billion as derivation, (13 percent of mineral revenue). FAAC further said the gross revenue available from the value-added tax was N189.928 billion.

From the figures received, the federal government received N28.489 billion, the states received N94.964 billion and local governments got N66.475 billion.

On the gross statutory revenue of N502.135 billion distributed, the federal government was given N232.921 billion, while the states and local governments got N118.141 billion and N91.081 billion, respectively.

Meanwhile, FAAC disclosed that oil and gas royalties increased tremendously. It said while petroleum profit tax (PPT) and excise duty marginally increased, value-added tax (VAT), import duty, and companies income tax (CIT), decreased considerably.

The committee added that the balance in the excess crude account (ECA), as at October 26, 2022, stands at $472,513.64.

Politics

Nigerian govt pledges to build one oxygen plant in each state

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The Federal Government has stated its plan to ensure the construction of one oxygen plant in every state in order to increase medical supplies to curb the COVID-19 pandemic.

This was contained in a statement issued by the Minister of Health, Osagie Ehanire, on Thursday, March 4, during the COVID-19 briefing at the State House in Abuja.

“The FG is building one oxygen plant in every State, to increase supplies,” he stated.

Furthermore, Ehanire reiterated the need for peer policing in order to tackle the pandemic nationwide.

He said, “The President signed Public Health Regulations in February 2021. The idea is not to use law enforcement to chase people, but instead for us to police ourselves – peer policing. I want to appeal for that self and peer policing.

The Health Ministry priorities include:

  • Continuing to reduce infection
  • Improving treatment options
  • Sustaining routine treatment
  • Develop a National Emergency Medical Service, to provide emergency services to citizens where & when they need it
  • Deployment of Vaccines.”

Ehanire also revealed the “three 3 sources of Vaccines for Nigeria:

COVAX (GAVI & others)
Africa Vaccine Acquisition Task Team (AVATT), supported by African Union.

Bilateral Assistance: Governments of India and Russia have offered us doses of their vaccines

Politics

NLC set for strike in states that refuse to pay N30,000 minimum wage

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The Nigerian Labour Congress (NLC), has resolved to embark on strikes in states that have refused to pay its workers the N30,000 minimum wage earlier agreed upon.

In a communique signed by the NLC President, Comrade Ayuba Wabba and and the General Secretary, Emmanuel Ugboaja, at the end of its National Executive Council (NEC) meeting on Thursday in Abuja, the labour union described the failure of some state governments to implement the new national minimum wage as an act of criminality and betrayal of office.

The NLC added that some state governments were also yet to conclude negotiations on consequential salary adjustment owing to the new national minimum wage.

The communique reads:

“The NEC warned that it would take very drastic action against state governments that have refused to pay the new national minimum wage and minimum pension which benefit had already been eroded by the escalating inflation in the country.

“The NEC also resolved to view the refusal to pay the new national minimum wage by state governments as demanded by the law as an act of criminality, betrayal of the oath of office sworn by state chief executives and a dangerous adventure in anarchy.

“The NEC-in-Session directed all states where the national minimum wage of N30,000 is yet to be paid to immediately proceed on industrial action.”

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