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FG, STATES, LGCs SHARE N1.411TRILLION FROM A GROSS TOTAL OF N2.668 TRILLION FOR THE MONTH OF OCTOBER 2024

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The Federation Account Allocation Committee (FAAC), at its November 2024 meeting in Bauchi chaired by Accountant General of the Federation, Dr. Mrs.Oluwatoyin S.Madein, shared a total sum of N1.411 Trillion to the three tiers of government as Federation Allocation for the month of October, 2024 from a gross total of N2.668 Trillion.

From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), Exchange Difference (ED, the Federal Government received N433.021 Billion, the States received N490.696 Billion, the Local Government Councils got N355.621 Billion, while the Oil Producing States received N132.404 Billion as Derivation, (13% of Mineral Revenue).

The sum of N97.517 Billion was given for the cost of collection, while N1.159 Trillion was allocated for Transfers Intervention and Refunds.

The Communique issued by the Federation Account Allocation Committee (FAAC) at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax (VAT) for the month of October 2024, was N668.291 Billion as against N583.676 Billion distributed in the preceding month, resulting in an increase of N84.616 Billion.

From that amount, the sum of N26.732 Billion was allocated for the cost of collection and the sum of N19.247 Billion given for Transfers, Intervention and Refunds. The remaining sum of N622.312 Billion was distributed to the three tiers of government, of which the Federal Government got N93.347 Billion, the States received N311.156 Billion and Local Government Councils got N217.809 Billion.

Accordingly, the Gross Statutory Revenue of N1.336 Trillion received for the month was higher than the sum of N1.043 Trillion received in the previous month by N293.009 Billion. From the stated amount, the sum of N70.072 Billion was allocated for the cost of collection and a total sum of N1.060 Trillion for Transfers, Intervention and Refunds.

The remaining balance of N206.319 Billion was distributed as follows to the three tiers of government: Federal Government got the sum of N77.562 Billion, States received N39.341 Billion, the sum of N30.330 Billion was allocated to LGCs and N59.086 Billion was given to Derivation Revenue (13% Mineral producing States).

Also, the sum of N17.824 Billion from Electronic Money Transfer Levy (EMTL) was distributed to the three (3) tiers of government as follows: the Federal Government received N2.567 Billion, States got N8.555 Billion, Local Government Councils received N5.989 Billion, while N0.713 Billion was allocated for Cost of Collection.

The Communique also disclosed the sum of N646.000 Billion from Exchange Difference, which was shared as follows: Federal Government received N259.545 Billion, States got N131.644 Billion, the sum of N101.493 Billion was allocated to Local Government Councils, N73.318 Billion was given for Derivation (13% of Mineral Revenue), while the sum of N80.000 Billion was allocated to Transfers, Interventions and Refunds.

Oil and Royalty, Excise Duty, Value Added Tax (VAT) Import Duty, Petroleum Profit Tax (PPT) and Companies Income Tax (CIT) increased significantly, while, Electronic Money Transfer Levy ( EMTL) and CET Levies decreased considerably.

According to the Communique, the total revenue distributable for the current month of October 2024, was drawn from Statutory Revenue of N206.319 Billion, Value Added Tax (VAT) of N622.312 Billion, N17.111 Billion from Electronic Money Transfer Levy (EMTL), and N566.000 Billion from Exchange Difference, bringing the total distributable amount for the month to N1.411 Trillion

Signed
Mohammed Manga *FCIA*
Director, Information and Public Relations
November 20, 2024.

Politics

Ndigbo are no longer spectators in the Nigerian project- Minister Dave Umahi dismisses calls for Biafra under Tinubu’s administration

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The Minister of Works, David Umahi, says the all-inclusive style of governance being practiced by President Bola Tinubu has made the agitation for Biafra an unnecessary clamour.

While speaking at the inspection of the Enugu-Anambra road last Saturday, December 13, Umahi said the Tinubu administration had given Ndigbo what they had sought for decades, not through secession, but through what he described as unprecedented inclusion in national governance and development.

He explained that the agitation for Biafra was historically driven by neglect, exclusion and underrepresentation at the federal level, but insisted that the situation had changed under the current administration.

“When a people are fully integrated, respected and empowered within the structure of the nation, the dream they once chased through agitation has already been achieved through cooperation.

The push for Biafran secession over the years was borne out of neglect, exclusion and underrepresentation but today the narrative has changed dramatically under President Bola Tinubu.

The President has deliberately opened the doors of national development to the South-East. Appointments, policy inputs and infrastructure priorities now reflect true federal balance.

Every sector now bears visible Igbo footprints. The emergence of Igbo sons and daughters in strategic positions is a testament to this inclusion.

Biafra was never about breaking Nigeria; it was about being counted in Nigeria. Through inclusion, equity and concrete development, Ndigbo are no longer spectators in the Nigerian project; they are co-authors of its future. When justice finds a people, agitation loses its voice.”he said

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ADC Launches 90-Day Membership Drive, Fixes Dates For Congresses, National Convention

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The African Democratic Congress (ADC) has announced a 90-day nationwide membership mobilisation, revalidation, and registration exercise as part of preparations for its internal party activities ahead of 2026.

The party also approved provisional dates for its congresses and the election of delegates at the polling unit, ward, and local government levels across the country.

In circulars issued by its national secretary, Rauf Aregbesola, the ADC said the congresses are expected to hold between January 20 and January 27, 2026.

The process, the party said, will lead to the emergence of delegates who will participate in its non-elective national convention scheduled for February 2026 in Abuja.

A statement by Bolaji Abdullahi, national publicity secretary of the party, said the decisions were reached at a meeting of the national working committee (NWC) held on November 27, 2025.

Abdullahi said the timetable and activities were approved in line with the resolutions of the NWC and in accordance with relevant provisions of the party’s constitution.

The ADC said further details on the membership exercise, congresses, and convention will be communicated to party members and stakeholders in due course.

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INVESTIGATION: Why No Imo Governor Ever Controls Succession- The Untold Story

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Imo State’s inability to sustain political succession from one elected governor to another is not accidental. It is the consequence of recurring structural failures rooted in elite conspiracy, federal power realignments, internal party implosions, zoning sensitivities, and the perennial arrogance of incumbency. From Achike Udenwa to Ikedi Ohakim and Rochas Okorocha, each administration fell victim to a combination of these forces, leaving behind a state where power is never inherited, only contested.

Achike Udenwa’s experience remains the most instructive example of how federal might and elite scheming can dismantle a governor’s succession plan. Governing between 1999 and 2007 under the PDP, Udenwa assumed that the party’s national dominance would guarantee internal cohesion in Imo. Instead, his tenure coincided with one of the most vicious intra-party wars the state has ever witnessed.

The Imo PDP split into two irreconcilable blocs. On one side was Udenwa’s grassroots-driven Onongono Group, powered by loyalists such as Alex Obi and anchored on local structures. On the other was a formidable Abuja faction populated by heavyweight figures including Kema Chikwe, Ifeanyi Araraume, Hope Uzodimma, Tony Ezenna, and others with direct access to federal influence. This was not a clash of personalities alone; it was a struggle over who controlled the levers of power beyond Owerri.

The conflict worsened when Udenwa openly aligned with then Vice President Atiku Abubakar during his bitter feud with President Olusegun Obasanjo. That alignment proved politically fatal. Obasanjo, determined to weaken Atiku’s network nationwide, withdrew federal support from governors perceived as loyal to the vice president. In Imo, the effect was immediate and devastating.

Federal agencies, party organs, and influence channels tilted decisively toward the Kema Chikwe-led Abuja faction. Udenwa lost effective control of the PDP structure, security leverage, and strategic influence. His foot soldiers in the Onongono Group could mobilise locally, but they could not withstand a coordinated assault backed by the centre.

His preferred successor, Charles Ugwu, never gained political altitude. By the time succession became imminent, Udenwa was already a governor without power. Even his later recalculations failed to reverse the tide. The party had slipped beyond his grasp.

The eventual outcome was politically ironic. Ikedi Ohakim emerged governor, backed by forces aligned with the federal establishment, notably Maurice Iwu—his kinsman and then Chairman of the Independent National Electoral Commission (INEC). Another Udenwa ally, Martin Agbaso, briefly tasted victory, only for his election to be cancelled. The lesson was brutal and unmistakable: without federal alignment, succession in Imo is almost impossible.

Notably, Udenwa’s record in office did not rescue him. Infrastructure development, relative stability, and administrative competence counted for little in the face of elite conspiracy operating simultaneously at state and federal levels. In Imo politics, performance is secondary to power alignment.

Ikedi Ohakim’s tenure presents a different dimension of failure. Unlike Udenwa, he never reached the point of succession planning. His administration was consumed by political survival. From 2007 to 2011, Ohakim governed amid persistent hostility from elites and a rapidly deteriorating public image.

Ohakim has consistently maintained that his downfall was orchestrated. Central to his claim is the allegation that he was blackmailed with a scandal involving the alleged assault of a Catholic priest, Reverend Father Eustace Eke. In a deeply religious state like Imo, the allegation was politically lethal.

Whether the claims were factual or exaggerated mattered less than their impact. The narrative overwhelmed governance, drowned out policy achievements, and turned public opinion sharply against him. Political elites who had midwifed his emergence quickly distanced themselves, sensing vulnerability.

By the 2011 election, Ohakim stood isolated. Party loyalty evaporated, elite cover disappeared, and voter sympathy collapsed. His re-election bid failed decisively. With that loss, any discussion of succession became irrelevant. His experience reinforces a core principle: a governor rejected by the electorate cannot dictate continuity.

*Uzodimma*

 

Rochas Okorocha’s rise in 2011 appeared to signal a break from Imo’s succession curse. Charismatic, populist, and financially powerful, he commanded party structures and grassroots loyalty. By his second term, he seemed politically unassailable.

Yet Okorocha committed the most consequential succession error in the state’s history. By attempting to impose his son-in-law, Uche Nwosu, as successor, he crossed from political strategy into dynastic ambition. That decision detonated his massive support base in the State overnight.

Imo’s political elites revolted almost unanimously. Party affiliation became secondary to a shared determination to stop what was widely perceived as an attempt to privatise public office. The revolt was elite-driven, strategic, and ruthless.

The zoning factor compounded the crisis. Okorocha hailed from Orlu zone; so did Nwosu. For many Imo voters, the prospect of Orlu retaining power through familial succession was unacceptable. What might have been tolerated as ambition became framed as entitlement.

This time, elite resistance aligned with popular sentiment. The electorate queued behind alternatives not necessarily out of conviction, but out of rejection. Crucially, Emeka Ihedioha emerged governor because Okorocha fatally miscalculated—splitting his base, provoking elite rebellion, and underestimating voter resentment. Okorocha’s formidable structure collapsed under internal rebellion and voter backlash, sealing his failure to produce a successor.

Hope Uzodimma’s current position must be assessed against this turbulent history. At present, the structural indicators are in his favour. He enjoys firm federal backing, controls the APC machinery in the state, and commands the support—or at least the compliance—of most major political elites.

Unlike Udenwa, Uzodimma is aligned with the centre. Unlike Ohakim, he has survived electoral tests. Unlike Okorocha, he has not openly flirted with dynastic politics. On the surface, the succession equation appears favorable.

*Udenwa*

 

However, Imo’s history cautions against certainty. Elite loyalty in the state is conditional and transactional. It endures only where interests are balanced, ambitions managed, and inclusion sustained. A wrong choice of successor could still provoke elite conspiracy, even if it emerges from within the ruling party.

The opposition remains weak and fragmented, with limited capacity to mobilize mass resistance. Yet voter apathy, now more pronounced than during the Udenwa and Okorocha eras, introduces a new risk. Disengaged electorates are unpredictable and often disruptive.

“Ohakim*

 

Ultimately, Uzodimma’s challenge is not opposition strength but elite psychology. Suppressed ambitions, if mishandled, can erupt. Succession in Imo has never been about coronation; it is about negotiation.

*Okorocha*

History is unforgiving to governors who confuse incumbency with ownership. Power in Imo is never transferred by decree. As 2027 approaches, the same forces that toppled past succession plans remain alive. Whether Uzodimma avoids their trap will depend not on power alone, but on restraint, balance, and political wisdom.

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