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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.

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Zelensky dampens hopes Trump could strike peace deal with Putin

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Volodymyr Zelensky has insisted that Ukraine will never recognise occupied Ukrainian territories as being part of Russia
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Volodymyr Zelensky has insisted that Ukraine will never recognise occupied Ukrainian territories as being part of Russia, even if pressured to do so by allies, dampening hopes that Donald Trump may be able to strike a peace deal.

‘No matter what anyone wants, even if all the allies in the world unite, we will never recognise the occupied territories [as part of Russia]. This is impossible,’ the Ukrainian president emphasised.

‘We will not legally recognise them. For us, they will always remain occupied territories until we liberate them.’

Trump, who took office for a second term on Monday and was last in power before Russia launched its full-scale invasion of Ukraine, has repeatedly said he could end the war swiftly, without specifying how.

His newly-appointed Secretary of State Marco Rubio said on Tuesday that ending the war was a priority for the president, but would only be possible if both sides make significant concessions.

‘Anytime you bring an end to a conflict between two sides, neither of whom can achieve their maximum goals, each side is going to have to give up something,’ he told CNN, adding that ultimately the decision would be down to the Ukrainians and Russians.

It comes after Russian Deputy Foreign Minister Sergei Ryabkov said today that Moscow sees a small window of opportunity to forge agreements with the new US administration.

‘We cannot say anything today about the degree of the incoming administration’s capacity to negotiate, but still, compared to the hopelessness in every aspect of the previous White House chief (Joe Biden), there is a window of opportunity today, albeit a small one,’ Ryabkov said, according to Interfax.

Volodymyr Zelensky has insisted that Ukraine will never recognise occupied Ukrainian territories as being part of Russia

 

Donald Trump, who took office for a second term on Monday, has said he could end the war swiftly, without specifying how

 

A Russian soldier fires a self-propelled gun

 

‘It’s therefore important to understand with what and whom we will have to deal, how best to build relations with Washington, how best to maximise opportunities and minimise risks,’ he said, speaking at the Institute for US and Canadian Studies, a think-tank in Moscow.

Trump warned on Tuesday that he would likely impose more sanctions on Russia if President Vladimir Putin refused to negotiate to end the nearly three-year-old conflict.

He gave no details on the possible additional sanctions on Russia, which is already under significant Western sanctions over the war.

The new president also issued a blow to the Kremlin on Tuesday, accusing Putin of ‘destroying Russia‘ with his failed war as he urged him to ‘make a deal’ to end the conflict.

‘He has to make a deal. I think he is destroying Russia by not making a deal,’ Trump said in a stark warning to the dictator.

‘I think Russia is going to be in big trouble,’ he added, saying that Putin ‘can’t be thrilled that he’s not doing so well.’

‘I mean, he works hard, but most people thought the war would be over in about a week, and now it’s been three years, right?’

The Russian economy was sinking, he went on, with inflation a major threat.

Putin, 72, earlier said he was ready to engage with Trump but still insisted on an outcome favouring Russia.

‘We are open to dialogue with the new US administration on the Ukrainian conflict. The most important thing here is to eliminate the root causes of the crisis,’ said the Russian ruler. An initial phone call is expected by Moscow to take place soon.

Trump said Zelensky was ready for a deal to halt the debilitating conflict, and the 78-year-old US leader said he planned to meet Putin with whom he had a ‘great relationship’ during his first term.

‘We’re going to try to do it as quickly as possible. You know, the war between Russia and Ukraine should never have started.’

Trump warned on Tuesday that he would likely impose more sanctions on Russia if President Vladimir Putin refused to negotiate to end the nearly three-year-old conflict

 

After months of Ukraine occupying parts of Russia’s Kursk region as it aims to improve its position in the event of talks, Zelensky stated that any dialogue could only go ahead with Kyiv in a position of strength.

Putin cannot be treated as legitimate in this situation. He has violated everything. He must understand his transgression,’ the Ukrainian president said today, adding that if Putin was ‘approached as an equal – that would be a loss for Ukraine.’

But, he said, his government’s top priority was to find a way to halt the war, which has claimed the lives of at least 43,000 Ukrainian soldiers, according to figures released by Ukraine in December.

‘We must find all possible ways to end the hot phase of the war. This is the number one issue,’ Zelensky said.

‘There can be many talks, but the main goal is to stop the active phase. This is the first guarantee of security.’

Russia has occupied Crimea since its 2014 invasion of the territory. Months later it took large parts of the Donbas region, launching a was under the guise of a separatist uprising.

Since the full-scale invasion in 2022, Russian forces have controlled large swathes of southern and eastern Ukraine.

Meanwhile, since a surprise attack in August, Kyiv’s forces occupy around 600 sq km of Russian territory.

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Trump orders ‘blackout’ at CDC, FDA, NIH as agencies prepare for MAGA

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The incoming Trump administration has ordered a pause on all external communications from the federal health agencies (Trump is pictured above at a news conference in the Roosevelt Room of the White House yesterday)
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Donald Trump has ordered a communications blackout at America’s federal health agencies, according to reports.

The CDC, FDA, HHS and NIH have all been told to pause external communications, including publishing scientific reports, updating websites or issuing health advisories.

The directive came without warning, sources told the Washington Post, and with little guidance as to how long it may last.

The health agencies play a vital role in gathering and sharing critical information with the public, including on outbreaks of infectious diseases, raising the alarm over foodborne disease outbreaks and food recalls.

However, DailyMail.com received its automated weekly FDA recall email at 8am ET this morning.

It is not entirely unusual for incoming administrations to pause external communications temporarily, which may be done to help newly appointed officials understand the scope of information that is being released.

But some said that if the pause lasts longer than a week or two then it could be seen as concerning.

The new president, 78, singled out public health agencies in his inaugural address — saying that they ‘do not deliver in times of disaster’, referring to what many have seen as a mishandling of Covid messaging.

Robert F. Kennedy Junior has been nominated to head up the HHS, which has oversight over all the federal health agencies.

As part of his ‘Make America Healthy Again’ pledge, he has promised to overhaul the three agencies.

The communications blackout was issued by Stefanie Spear, a deputy chief of staff at HHS who joined the agency this week. She was also RFK Jr.’s press secretary during his presidential campaign.

The pause on external communications includes blocks on publishing scientific reports issued by the CDC, known as Morbidity and Mortality Weekly Reports (MMWR), advisories sent out to clinicians on the CDC’s health network, data updates to the CDC website, and public health data released from the National Center for Health Statistics, including on drug overdose deaths.

The CDC had been scheduled to publish several MMWR reports this week, sources familiar with the matter said, including three on the bird flu outbreak alarming scientists.

It was not clear whether the directive also blocked the agencies from sharing urgent communications, such as on drug approvals or novel disease outbreaks.

Dr Lucky Tran, a Democrat-leaning science communicator at Columbia University, blasted the order as the beginning of censorship.

Jeff Jarvis, a retired professor of journalism at City University New York, said: ‘This is terrible: Forced ignorance on health data.

‘Officials in sane and scientific states must band together to report data on their own. We need such shadow governments.’

The CDC publishes on average about 50 peer-reviewed articles per week, in addition to updating numerous datasets and other materials, while the FDA initiates more than 500 food recalls per year.

The CDC receives about $24.9billion in public funding every year, while the FDA costs $8.4billion and the NIH costs more than $47billion annually.

At the beginning of Trump’s first term, administration officials also asked public health agencies to cease communicating with the public it was reported at the time.

At that time, the limits appeared focused on agenices overseeing environmental and scientific policy, such as the Environmental Protection Agency.

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Putin Hails Trump On Inauguration As US President For Second Time, Says Russia Willing To End War

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Russia President Vladimir Putin has congratulated Donald Trump as he is being inaugurated as the 47th President of the United States.

Putin on Monday, 20th of January 2025 revealed he was open to dialogue with the new U.S. administration on Ukraine and nuclear arms. He also indicated that Moscow was ready to discuss nuclear arms control and wider security issues.

In a video broadcast, Putin noted that he was interested in a long-lasting peace in Ukraine rather than a short-term ceasefire with the country.

He made the comments during the Russia’s Security Council meeting that was shown on state TV. According to him, “We see the statements by the newly elected president of the United States and members of his team about the desire to restore direct contacts with Russia,” said Putin.

“We also hear his statement about the need to do everything possible to prevent World War Three. We of course welcome this attitude and congratulate the elected president of the United States of America on taking office. “As for the resolution of the situation (in Ukraine) itself, I would like to emphasise that the goal should not be a brief ceasefire, not some kind of period of respite that would allow a regrouping and rearmament of forces, but a long-term peace based on respect for the legitimate interests of all people and all peoples who live in the region.”

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