₦airaland Forum

GeneralDae:
This is from Channels TV:

The Federation Account Allocation Committee (FAAC) has shared a total sum of N636.602 Billion April 2022 Federation Account Revenue to the Federal Government, States and Local Government Councils.

This was contained in a communiqué issued at the end of a virtual meeting of the Federation Account Allocation Committee (FAAC) for May 2022.

The N656.602 billion total distributable revenue comprised distributable statutory revenue of N461.189 billion, distributable Value Added Tax (VAT) revenue of N166.522 billion, the sum of N8.891 billion being Excess Bank Charges Recovered and augmentation of N20.000 billion.

It's in line with what I'm saying. It goes up and down. I don't think I shared for May. check the months I shared for.

GeneralDae:
Post the PDF here.

The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.22trn to the
three tiers of government in July 2022 from the total revenue generated in June 2022. The
amount disbursed comprised N1.01trn from the Statutory Account, and N208.15bn from
Valued Added Tax (VAT). The Federal Government received a total of N321.86bn from the
N1.22trn, States and Local Governments received a total of N245.42bn and N182.33bn respectively. The sum of N52.80bn was shared among the oil-producing states from the 13%
derivation fund. The Revenue generating agencies comprising Nigeria Customs Service
(NCS), Federal Inland Revenue Service (FIRS), and Department of Petroleum Resources (DPR)
received N11.46bn, N25.51bn, and N7.64bn respectively as cost of revenue collections. Further breakdown of revenue allocation distribution to the Federal Government of Nigeria
(FGN) revealed that a total net amount of N189.62bn was disbursed to the FGN consolidated revenue account; N5.56bn was received as a share of derivation and ecology; N2.78bn as
stabilization fund; N9.34bn for the development of natural resources; and N7.43bn to the
Federal Capital Territory (FCT) Abuja.

ARE YOU SATISFIED OR YOU NEED MORE?

The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.10trn to the
three tiers of government in October 2022 from the total revenue generated in September
2022. The amount disbursed comprised N825.71bn from the Statutory Account, N60.00bn
from Non-oil distribution for the month of October 2022, N8.51bn from Electronic Money
Transfer Levy (EMTL), and N203.96bn from Valued Added Tax (VAT). The Federal Government received a total of N294.24bn from the N1.10trn, States and Local Governments received a total of N233.22bn and N172.78bn respectively. The sum of N59.99bn was shared
among the oil-producing states from the 13% derivation fund. The revenue generating
agencies comprising Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS),
and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) received N10.20bn,
N13.73bn, and N10.49bn respectively as cost of revenue collections. Further breakdown of
revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that a
total net amount of N164.48bn was disbursed to the FGN consolidated revenue account;
N5.02bn was received as a share of derivation and ecology; N2.51bn as stabilization fund;
N8.44bn for the development of natural resources; and N6.93bn to the Federal Capital Territory (FCT) Abuja.

GeneralDae:
Post the PDF here.

FOr April

Federation Account Allocation Committee (FAAC) (April 2022 Disbursement)
Executive Summary
The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.15trillion to the three tiers of government in April 2022 from the total revenue generated in March 2022. The amount disbursed comprised N933.30bn from the Statutory Account, and N219.50bn from Valued Added Tax (VAT). The Federal Government received a total of N277.10bn from the N1.15trillion, States and Local Governments received a total of N227.20bn and N167.91bn respectively. The sum of N81.93bn was shared among the oil-producing states from the 13% derivation fund. The Revenue generating agencies comprising Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), and Department of Petroleum Resources (DPR) received N10.78bn, N22.47bn, and N11.06bn respectively as cost of revenue collections. Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that a total net amount of N149.70bn was disbursed to the FGN consolidated revenue account; N4.68bn was received as a share of derivation and ecology; N2.34bn as stabilization fund; N7.86bn for the development of natural resources; and N6.65bn to the Federal Capital Territory (FCT) Abuja.

FOr August

Federation Account Allocation Committee (FAAC) (August 2022 Disbursement)
Executive Summary
The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.26trn to the three tiers of government in August 2022 from the total revenue generated in July 2022. The amount disbursed comprised N1.07trn from the Statutory Account, and N190.26bn from Valued Added Tax (VAT). The Federal Government received a total of N406.61bn from the N1.26trn, States and Local Governments received a total of N281.34bn and N210.62bn respectively. The sum of N55.52bn was shared among the oil-producing states from the 13% derivation fund. The Revenue generating agencies comprising Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS), and Department of Petroleum Resources (DPR) received N10.43bn, N24.86bn, and N11.97bn respectively as cost of revenue collections. Further breakdown of revenue allocation distribution to the Federal Government of Nigeria (FGN) revealed that a total net amount of N267.21bn was disbursed to the FGN consolidated revenue account; N7.21bn was received as a share of derivation and ecology; N3.61bn as stabilization fund; N12.12bn for the development of natural resources; and N8.92bn to the Federal Capital Territory (FCT) Abuja

GeneralDae:
Post the PDF here.

I'm busy and can't jeep going back and forth. I have several of these PDF and can't collate them but check these ones.

GeneralDae:
FAAC shared 656 Billion in April, 954 Billion in July (highest ever) and 673 Billion in August.

That's a big lie. I have the PDFs from NBS from different months. I probably mixed up some of the months. For example June was 1.22trillion. October was trillion as well. Just check for the whole months and stop lying 950 was the highest ever

2023Blessed:
Reduce pump price? By reintroducing subsidy? Clowns

Buy and sell at whatever rate you feel you will make profit. It's an open market. If the sale and supply of petroleum products is no longer lucrative, find other businesses to do. Abi na by force?

The enemies of Nigeria and the beneficiaries of the subsidy scam are starting to show their ugly faces one by one.

Tinubu is the evil Nigeria is battling right now. He used his looted funds to sponsor against this when it would have been much easier to cope because of his devilish ambition

DeLaRue:
Subsidy is gone.

They need to adapt their business expectations to that reality.

Car owners are in severe shock right now.

Reduce staff, close some pumps, and hopefully demand increases in the coming months.

Nigerians will lose their jobs, and businesses will be affected. You think it's as easy as that?

GeneralDae:
Give me the time it ran into trillion.

Just for example, April, July, August 2022

GeneralDae:
Give me the time it ran into trillion.

You have a phone, you can Google it. It's running into trillion every other month. And most of the months are around the 900bn. It's no big deal

GeneralDae:
How many times did it run into trillions? Just once at 1.1 trillion. It was even 950 Billion actually.

It ran into trillion with 400 exchange rate and it's the same thing as what happened this month. You see it happens every once in a while even under the colossal failure called Buhari and there's nothing special about it happening now even with the subsidy removal

If you check the allocations of previous months including last year's, you'll see that it runs into trillions sometimes and sometimes as low as 509b. It happens even under Buhari the failure - so there's nothing special here. Coupled with the exchange rate used by the central bank to convert this, it didn't even appreciate

Throwback:
Folawiyo operates the Aje oilfield that is the only producing field attributed to Lagos.

Lagos crude oil is offshore and mostly beyond the 200 nautical miles off the coast, so all of the oil revenue beyond this Exclusive Economic Zone accrues only to the federal government and not Lagos state. Only one of the wells for Folawiyo Aje field was reported to be within the 200 nautical miles zone, so some derivation should ordinarily accrue to Lagos state for that.

Oil that's beyond the 200 nautical miles doesn't belong to Lagos that's why they're not considered for allocation - it's as simple as that

GeneralDae:
It was 450 to the Government and Elites of course but over 90% of the population could only access the 750.

Did you forget the post you're commenting under? It's a post talking about FAAC allocation improving astronomically which is completely false going by the fact that the exchange rate used for oil sales simply changed from 400 to 700. What the common man in the street exchange is not consequential here

Biodun556:
During Buhari tenure, the actual exchange was the so called black market exchange because only few people had access to 450 naira a dollar official rate. The price of dollar to naira had gone up long time under Buhari but we were decieved by what they called official rate which was not available to the masses

Technically, it was not. For example, how come the FAAC suddenly increased astronomically? It's because the official exchange rate was calculated at 700+ instead of the usual 400ish it used to be. Did allocation actually increase? Only an idiot would think so

Throwback:
You convicted him in your father's beer parlour while serving Gulder and Guinness Stout to Sikuru and Iya Basira?

What manner of free madness would be making an irrelevant Nigerian be insisting and forcing a non-existing conviction on the American judiciary?

Even those who are at the top of the libelous propaganda you are parroting, have already provided evidence that the dramatis personae was never indicted nor criminally convicted.

He only reached an agreement to forfeit $460k while over $1m of the initially siezed funds were returned to him.

He was never the subject of any investigation, rather funds thought to be suspicious and linked to those who were actually being investigated, were found in the business account of the investment firm he established.

You cannot rewrite history that has already happened without any blemish to Tinubu who continued to frequent the United States without a single detention by the authorities.

Same cannot be said about the propagandists who continue to suffer shameful detentions whenever they arrive the airport of other countries.

Do you know what is plea bargain? He was the subject of a criminal investigation but for some reason he was able to have a good bargain. All evidence shows that he was part and parcel of the crime. He was not only doing business with the criminals, he was also living together with them. You probably don't know how the justice system works in the US. There are different types of plea bargains

yinkus6750:
What an unusual personality, with unusual exemption and immunity even coming from the FBI.
Grace is really speaking and covering him up.
Well, what will be , has been.
Even if anything changes tomorrow, he has achieved his life long ambition.
What an exemptional personality.

And you're proud of this? The US will have Nigeria at its fingertips and you should know its not in our best interest. Nigerians are dumb I swear

I think there's a clampdown on Nigerian athletes. Black athletes are several times more likely to be scrutinized and penalized than every other people. More scrutinization means more faults will be found and the fact they're more likely to be penalized for minor offenses, this has a tremendous impact on the number of blacks getting strikes.

Consider Semenya that I'd been punished for being too strong for a natural born woman and Simon Biles also being punished for being too technical and sophisticated for a woman athlete - it's a competition and people should not be forced to let go of their strengths

Unfortunately, it's not anywhere near the highest. The highest in figure because of inflation, but one of the lowest in real values

seanfer:
Unfortunately in law so far he didn’t appear I. Court for trial means he jump bail. Law doesn’t listen to emotional excuses.

That's a lie. If the complainant is guilty of making an attempt on the life of a defendant, then the law will definitely look into that. If it was a third party, then the court can suspect foul play. That's why the court were unable to actually do anything to Abaribe because he had a very good defense

seanfer:
There’s another case that he was granted bail and he jump bail.

He did not jump bail. He was granted bail and Buhari sent the army high commission to his house to assassinate him. Would you have stayed if an army of soldiers got sent yo assassinate you?

MiracleOhams:
You can learn a high income skill that will bring in returns in 2 to 3 months with consistent practice

Sorry, there's no high income skill that you can learn in three months let alone bring in returns in that time frame. High income skills take years to learn and several years to master and start earning

If I was married to you and you come to me with such bullshit, I'll tell you that you have ulterior motives and chase you out of my house

I don't blame you ladies, I blame men that can't do without marriage that marry y'all. Like for what exactly should I marry anyone? As a man, it doesn't make any sense to me. I even refused marrying for paper in Europe because I don't want to be enslaved and always threatened and maltreated because a certain woman thinks I'll lose my papers if I don't worship her

georgeakins:
It only the tribe constituting nuisance that we wanted to flush out of our region.
All peace loving people are welcome in South West.

It is the same tribe constituting nuisance in Ghana, South Africa, Malaysia, etc.

Even at a time, Gov Wike got tired of their nuisance in Rivers and he sent military and police men to crush them.

You've got no point. Bitterness is bitterness. Everybody that's bitter got a reason.

Numerouno94:
It's like Pendu keeps seeing Messi in his dreams. Messi went to MLS to stay away from the spotlight and raise his children, yet one witch still they disturb Messi.

Jux imagine person without a world cup is talking down on someone wit one and wit a two world cup golden ball.lol.

Pendu will die wen Messi is given his 8 ballon d'Or, even though Messi said his not interested.

Jealousy go finally kill Pendu.

Bro, it's bn a while. How re u?

Did you read the post at all? He was responding to questions. He also said the same about Europe where Messi is not playing

Almiron:
I'm 100% sure I won't return to any European club. I opened the way to Saudi league... and now all the players are coming here". - Cristiano Penaldo

Cristiano Ronaldo: "I won't return to European football, the door is completely closed".

"I'm 38 years old, also European football has lost lot of quality... only valid one is Premier League, they're way ahead of all the other leagues".

Twitter: Fabrizio Romanio



https://www.google.com/amp/s/www.vanguardngr.com/2023/07/saudi-league-better-than-mls-cristiano-ronaldo-aims-dig-at-messi/amp/

Did you read the post at all? He was responding to questions. He also said the same about Europe where Messi is not playing

Threatening to and disenfranchising Nigerians from a certain region and anybody that looks like them is called what?

verybadmouth:
The upward trend in food prices is not entirely negative, as it will eventually lead to increased wealth for farmers. However, the true concern lies in the unfavorable economic conditions where individuals experience reduced earnings or complete financial deprivation.

Are you okay at all? Which farmers? The ones that Fulani herdsmen have chased out of their farms since 8 years ago or which ones?

Nigerians have always been peasant farmers and only few people farming on large scale but now even the peasant farmers and the few large scale farmers have been chased out of the bush

slawomir:
Damnnn niggar

Isoright

Nice...very nice been hell for me trying to purchase some dollars on on my international number account for pof registration



Anyday anytime twice on Monday...better than zenith bank this period...
Stanbic bank is the most secured and best of them all...don't ask me why because am a keyboard warrior
Stanbic is one bank have experimented with that accept Arab, Asia and Middle East atm cards on their Automated teller machine
Don't know for other banks

A street nigga facing a hell buying dollars for international transactions? Which kind of street nigaaz are y'all Nigerians? As a software engineering that also has a cyber security background, using naira cards and stuff has more chances of putting you into big problem. Although they'll most likely not make an arrest move, but they have all y'all info in their crime databases because of shit like this and you never can tell how it affects you in the future

chatinent:
It’s actually a smart move. Wole is not a charge and bail lawyer! He actually allows you to make his win very easy!

Let's think it. When he does use outdated case laws, he’ll be reminded, maybe by the other counsel that the 1979 constitution was already amended and he should introduce recent cases similar...just like you are asking. To the other counsel, he made a point. Which other recent case would all fingers point to? It is the Adeleke vs Oyetola to be used as precedent!


Now here is where the politics take place… and what you don't know. Actually, the Adeleke vs Oyetola was created for this case. So Wole let you decide for them to use it. And since you gave them the option, they introduce it as tho standing on the recent protocol you suggested.

Guess what? Since you want to feel more recent with cases, the case will be closed and they will win. If you suggested a recent case, and that case is introduced, you WILL lose the case! You just gave them their evidence!

Why did you think the APC let Adeleke win the case based on INEC glitches?

Oh you felt it was a just judgement? And that the APC will just let go sth as big as the governorship? A sitting party? Lol.


It’s so that it will serves as a premise to dismiss the future plan…. this case.

It's was an organised case law.

Let's check:

The APC-led administration has been subject to criticism due to the economic challenges experienced during their tenures. True.

However, it is noteworthy that they have demonstrated adeptness in engaging in strategic political maneuvers, leveraging their party networks, and creating an illusion of popular participation in decision-making processes. Meanwhile, it is all a mirage in achieving the goal!

Even the Naira design was a plan to make other parties feel there was disunity within the party and they loss guard and failed to plan.

Obi too was banking on popular participation and pity politics. He should have added some backup dark politics too. Oh don't criticize me, politics was always darker.

Check the APC's darker politics. Call it politics 101.

During the past electoral process, a strategy is employed wherein a divisive narrative is constructed, leading to the formation of factions and subsequent tribal conflict....the Igbo-Yoruba tribal war, the Wike-pdp war, and the Kwankwaso assisting to reduce the northern votes.

During the period of tribal conflict between the Yorubas and Igbos, the candidate affiliated with the LP experienced an unexpected defeat in a situation where they were initially considered to have a significant likelihood of emerging victorious.

Check!

Consider the reasons behind the cessation of the overheated tribal conflict subsequent to the victory! The Yorubas were convinced by the APC...the sitting government... that an individual (Lagos indigene) was of mixed heritage and was not considered a genuine Yoruba and instead was associated with the Igbo agenda. I mean, like how did you guys believe that unintelligible tact! So poor!

A significant number of individuals were deceived or say convinced that truly it was Igbos trying to take Lagos...so they fought back, resulting in the government reverting back to its previous state. Lol. The game was the focal point for the APC and they got it.


During elections, we are not Nigerians, we name our states first!

Let's continue...

The LP also was winning the presidential election. They employed the use of commotion in the LP strongholds, and when they saw it wasn't really working cos they were winning Lagos, Aduja, Jos etc, their plan-B was the last hope... EyeNeck !

It was also necessary to adjust the LP's score to the third position to have a better legal case in case.


They banked on the corrupt system. Why? "NOTHING WILL HAPPEN.". That's Nigeria for you! Nothing always not happen to the rich in Nigeria!

Also, don't you forget that the British never stopped colonising Nigeria. They only relocated to their country. It's cost-effective and easier to control pawns from a distance! Like no one will know it's neo-colonialism!


And guess what? The British always supports their pawns!


You see? Democracy isn't never of the people and by the people or for the people. It is actually want the govt wants and the people sees from far. In reality, the majority decisions do not always count!

All the politicking you talked about is true - only the mentally blind does not already know all those. I've always told people that the Osun case was created for the Presidential election for precidence and the Naira swap war between Buhari and Tinubu was a hoax. But come to think of it, all the politicking failed even as INEC delivered on their part - there are issues with constitutional requirements that INEC doesn't have control over the whole thing now doesn't depend solely on INEC.

INEC made Tinubu president for sure, but that Tinubu retains that seat now rest on how much Tinubu is able to hijack the judiciary. If the judges are as loyal as Mahmoud, Tinubu will retain that seat no matter the wealth of evidence that will be presented to them

I don't understand. Who was being quoted here or is it the opinion of the writer? This election was the worst in term of disenfranchisement, thuggery and ballot snatching since the history of Nigeria. And also the one where the INEC chairman robbed it on the face of Nigerians in "broad daylight".

“The petition in issue in this address is very novel in the sense that it is not a petition stricto senso, familiar to our electoral jurisprudence, as the petitioners are not, this time around, complaining about election rigging, ballot box snatching, ballot box stuffing, violence, thuggery, vote buying, voters’ intimidation, disenfranchisement, interference by the military or the police, and such other electoral vices.

“The crux of their grouse this time around is that while the presidential election was peacefully conducted all over the country (as corroborated by their primary witnesses) and the results accurately recorded in the various Form EC8As, some unidentified results were not uploaded electronically to the INEC Election Result Viewing (IREV) Portal.

I'm not Igbo but pro secession. Ekpa is an enemy

The excuse almost sounded believable until they said "we don't know if the little kids were in the Camry or elsewhere". What sort of dumb shit is this? All forces in Nigeria are stupid and useless no exception. They cause more harm than good