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Showing posts from July, 2024

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FAAC: Three Tiers of Government Share ₦2.550 Trillion as June 2026 Revenue; States and LGAs Receive Over ₦1.36 Trillion

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  FAAC: Three Tiers of Government Share ₦2.550 Trillion as June 2026 Revenue; States and LGAs Receive Over ₦1.36 Trillion The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.551 trillion as Federation Account revenue for June 2026 to the Federal Government, the 36 state governments, and the 774 Local Government Councils across Nigeria. The allocation was approved during the FAAC meeting held in July 2026 in Abuja and chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy. The meeting was attended by the Accountant-General of the Federation, State Commissioners of Finance, and other members of the committee. ( FMINFO ) Breakdown of the Revenue Distribution The total distributable revenue of ₦2.551 trillion comprised: ₦1.810 trillion from Statutory Revenue. ₦740.724 billion from Value Added Tax (VAT). ( FMINFO ) Statutory Revenue Allocation From the statutory revenue: Federal Government: ₦849.366 billion State Govern...
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KWARA NATIONAL LEATHER BUSINESS TO BUSINESS SUMMIT AND FAIR IlORIN.9th to 12th September 2024

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  link to Register for KWARA National Leather B2B SUMMIT 2024 UPDATE ON KWARA NATIONAL LEATHER B2B SUMMIT AND FAIR Following the Central Planning Committee (CPC) engagement with  Kwara State Government, Kwara State Chapter of NALPAN and other Stakeholders, find the following updates: 1.  New date for the Leather Summit and Fair is now Monday 9th to Thursday 12th September, 2024. Note that Monday 9th September, 2024 and Thursday 12th September, 2024 are Arrival and Departure respectively. Tuesday 10th September, 2024 is the opening ceremony and Plenary. The Plenary continues on Wednesday 11th September, 2024. 2.  HOTEL RESERVATION : Out of all our findings, the CPC settled for M&M Suites and Event Center Ilorin, not too far away from the Banquet Hall, Opposite Government House, Ilorin. The rooms that were originally Thirty Thousand Naira (N30,000.00) only for a room per day were slash down to Fifteen Thousand Naira (N15,000.00) only because of group booking. There...
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Report to the Senate Committee on the Need to Create Edo State for Economic Diversity

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This report outlines the rationale and benefits of creating a new state from Edo State to enhance economic diversity and regional development. The proposed new state would encompass Orhionmwon, Uhunmwonde, and Esan Central local government areas (LGAs). This initiative aims to address the unique economic potentials and administrative needs of these regions, ensuring balanced development and improved governance. Background Edo State, located in the southern region of Nigeria, is rich in cultural heritage and economic resources. However, the current administrative structure has posed challenges in harnessing these resources effectively. The creation of a new state from Edo would provide an opportunity to focus on local economic strengths, improve governance, and foster development.  Economic Rationale for Creating a New State 1. Resource Management : The proposed new state would have a more focused approach to managing its natural and human resources. Orhionmwon, Uhunmwon...
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Report on the Senate Committee Regarding the Creation of Local Governments and States in Nigeria

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The creation of new local governments and states in Nigeria has been a recurrent issue in the political landscape. The Senate Committee on the Review of the 1999 Constitution has been tasked with evaluating proposals for the creation of new local government areas (LGAs) and states, aiming to address administrative inefficiencies and ensure equitable distribution of resources. Background Nigeria, with its 36 states and 774 local government areas, operates a federal system that seeks to balance power and resources across its diverse regions. Over the years, demands for the creation of additional states and LGAs have been driven by ethnic, economic, and administrative considerations. Proponents argue that new states and LGAs would bring governance closer to the people, improve resource management, and foster regional development. Senate Committee's Role The Senate Committee on the Review of the 1999 Constitution plays a critical role in this process. The committee is responsible for: ...
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