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FAAC: FG, States, LGs share N590.546bn February allocation

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Governor's at NEC meeting in Abuna
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The Federation Accounts Allocation Committee, (FAAC), has shared a total sum of N590.546 billion to the three tiers of government as federation allocation for February.

From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Non Mineral Revenues and Excess Bank Charges, the Federal Government received N236.177 billion.

The States received N190.007 billion, the Local Government Councils got N140.612 billion, while the oil producing states received N23.750 billion as derivation (13% of Mineral Revenue).

A communiqué issued at the end of the FAAC meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for February, 2022 was N165.635 billion.

The distribution indicates that Federal Government received N24.845 billion, the States received N82.818 billion, while Local Government Councils got N57.972 billion.

The distributed Statutory Revenue of N337.432 billion, from which the Federal Government was allocated the sum of N165.248 billion, States got N83.816 billion, LGCs got N64.618 billion, Derivation (13% Mineral Revenue) got N23.750 billion.

The communiqué also indicated that Petroleum Profit Tax (PPT) increased significantly, while Oil and Gas Royalties increased marginally.

However, Import and Excise Duties, Companies Income Tax (CIT) and Value Added Tax (VAT) recorded considerable decreases.

The communiqué further disclosed that total revenue distributable for the current month was drawn from Statutory Revenue of N337.432 billion, Value Added Tax (VAT) of N165.635 billion, Excess Bank Charges Recovered of N7.479 and Non Mineral Revenues of N80.000 billion.

The balance in the Excess Crude Account as at March 22, 2022 stands at $35.371million.

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Abducted Oyo Pupils, Teachers Regain Freedom After Security Operation – Presidency

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The School Children and Teachers
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The Presidency has confirmed the release of the schoolchildren and teachers who were abducted by suspected bandits in Oriire Local Government Area of Oyo State.

The victims regained their freedom following coordinated efforts by Nigeria’s security agencies, according to a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

Onanuga said the successful rescue operation underscores the commitment of the Federal Government and security agencies to ensuring the safety of citizens and tackling criminal activities across the country.

Although details of the rescue operation were not immediately disclosed, the presidential spokesperson commended the security personnel involved for their professionalism and dedication in securing the release of the abducted pupils and their teachers.

The victims were kidnapped in Oriire Local Government Area, an incident that sparked widespread concern and renewed calls for stronger security measures to protect schools and communities from criminal attacks.

The Presidency reaffirmed the administration’s resolve to intensify efforts against kidnapping, banditry and other forms of insecurity, while assuring Nigerians that security agencies will continue to pursue those responsible for the abduction and bring them to justice.

The release of the pupils and teachers has been welcomed as a significant relief for their families, the affected community and the Oyo State Government. Authorities are expected to provide further details on the rescue operation and the condition of the freed victims.

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Senate Passes Bill to Establish State Police Across Nigeria

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Senate in Session
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The Senate on Wednesday passed a constitutional amendment bill seeking to establish state police services across the federation, marking a significant step in ongoing efforts to reform Nigeria’s security architecture.

The bill, titled the Constitution of the Federal Republic of Nigeria (Alteration) (State Police) Bill, 2026, was considered and approved after extensive debate by lawmakers during plenary.

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INEC Declares Oyebanji Winner of Ekiti Governorship Election, Secures Landslide Re-election

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Ekiti State Governor,Biodun Abayomi Oyebanji
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Governor Biodun Oyebanji of the All Progressives Congress (APC) has been declared the winner of the 2026 Ekiti State governorship election by the Independent National Electoral Commission (INEC), securing a decisive victory across the state’s 16 local government areas.

The official declaration was made in the early hours of Sunday by the Returning Officer for the election, Professor Adenike Oladiji, Vice-Chancellor of the Federal University of Technology, Akure, at the state collation centre.

Announcing the final results at about 3:13 a.m., Oladiji stated that Oyebanji polled a total of 319,224 votes to emerge victorious, defeating other contenders in the keenly contested election.

According to the results released by INEC, the candidate of the Peoples Democratic Party (PDP), Oluwole Oluyede, garnered 40,543 votes to finish second, while Dare Bejide of the African Democratic Congress (ADC) secured 12,872 votes.

The Returning Officer disclosed that 384,940 voters were accredited for the election conducted across the state on Saturday. She added that 375,777 valid votes were recorded, while 6,332 votes were rejected, bringing the total number of votes cast to 382,109.

“That Biodun Abayomi Oyebanji, having satisfied the requirements of the law and scored the highest number of votes cast, is hereby declared the winner and returned elected,” Oladiji announced.

Oyebanji’s victory marks a significant endorsement of his administration by the electorate, as the incumbent governor secured an overwhelming majority of votes across the state.

The governorship election attracted widespread attention, with political stakeholders and observers closely monitoring the process. Voting generally proceeded peacefully across most parts of Ekiti State, although there were reports of technical challenges and allegations of irregularities in some locations during the exercise.

Security agencies maintained a strong presence throughout the election period, while election officials worked to ensure the smooth conduct of the poll.

The declaration officially concludes the 2026 governorship election process in Ekiti State and paves the way for Oyebanji to continue in office for another term as governor.

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