News
Kogi Targets N 1 Billion Revenue from Signage by 2026
The Kogi State Government has set an ambitious target of generating one billion naira in revenue from signage and advertisement by 2026, as part of its broader strategy to boost the state’s Internally Generated Revenue (IGR) and reduce dependence on federal allocations.
This was disclosed by the State Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, during a management meeting with heads of agencies under the ministry in Lokoja.
Fanwo described the appointment of Mr. Richard Osaseyi as the General Manager of the Kogi State Signage and Advertising Agency as “a masterstroke,” noting that it would reposition the agency for greater efficiency and impact.
“Kogi has no business depending solely on federal allocations if we are able to harness internal revenue opportunities effectively.
Signage and advertisement can generate over a billion naira for the state by 2026,” Fanwo said.
“This is why we are gathered here to brainstorm on the prospects and challenges. Revenue generation is top on the agenda of the Ododo Administration as we aim to fund infrastructure and development from within.
”Fanwo further emphasized that Governor Ododo has successfully “separated revenue from politics,” allowing professionals to drive economic initiatives without interference.
In his remarks, Mr. Richard Osaseyi outlined strategies already being implemented to reposition the agency and boost revenue.
He revealed that many large corporate advertisers in the state had been underpaying in the past, but that the agency is now engaging with them diplomatically to correct the imbalance.
“With our new approach, we’re already seeing positive responses,” Osaseyi said. “The agency is poised to become a major contributor to the state’s IGR, and we will intensify public sensitization to build trust and cooperation.
”The Permanent Secretary of the Ministry, Mr. Ebenezer Adurodija, also commended the agency’s readiness and pledged the ministry’s continued support to ensure the success of the initiative.
Meanwhile, in a related development, Commissioner Fanwo inaugurated a Ministerial Committee to begin work on the launch of Project Confluence of Opportunities, an initiative aimed at projecting Kogi’s vast economic and tourism potential to both local and global investors.
“Kogi is one of the most richly endowed states in Nigeria — geographically, historically, and naturally,” Fanwo said.
“From the Confluence of Rivers Niger and Benue to Mount Patti and our rich mineral resources, Kogi has everything to become a top investment and tourism destination.
“Project Confluence of Opportunities is our bold step to tell the world that Kogi is open for business. Our mandate goes beyond informing our people — we are also here to tell our story to the world in a way that attracts value.
”The initiatives form part of the Ododo Administration’s broader blueprint to reposition Kogi as a self-reliant, investor-friendly state and a model of good governance in Nigeria.
News
NAFDAC : Fake Cowbell Milk in circulation
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.
The National Agency for Food and Drug Administration and Control (NAFDAC) advises Nigerians to be vigilant and avoid purchasing counterfeit 12g Cowbell “Our Milk” sachets circulating across the country.
In a statement issued on Friday, the agency explained that the counterfeit product imitates the discontinued Cowbell “Our Milk” packaging, which Promasidor Nigeria Ltd stopped producing in September 2023.
The legitimate product was replaced with Cowbell “Our Creamy Goodness.”
The fake sachets unlawfully bear the Cowbell brand name, NAFDAC registration number and packaging design, despite not being manufactured or distributed by Promasidor.
The counterfeit products currently in circulation are imitations of the discontinued ‘Our Milk’ packaging and are not manufactured or distributed by Promasidor,” the agency stated.
“They bear unauthorised use of the brand name, NAFDAC Registration Number, and packaging design.”
The regulator raised concerns over the health risks posed by the counterfeit product.
“Risk Statement: Consumption of counterfeit milk poses serious health hazards, including exposure to toxic chemicals, unapproved additives, or diluted ingredients.
Risks include foodborne illnesses, allergic reactions, and organ damage, and in severe cases, death.
Infants, children, pregnant women, and the elderly are particularly vulnerable,” NAFDAC warned.
News
Japan designates the city of Kisarazu for Nigerians to live and work
Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.
The Japanese government has designated the city of Kisarazu as the official “hometown” for Nigerians seeking to live and work in Japan
Japan also unveiled similar hometown designations for Tanzania, Ghana, and Mozambique in Nagai, Sanjo, and Imabari, respectively.
The announcement was made on the sidelines of the 9th Tokyo International Conference for African Development (TICAD9), a move aimed at deepening cultural diplomacy, promoting economic growth, and enhancing workforce productivity.
Under the new arrangement, the Japanese government will introduce a special visa category for highly skilled, innovative, and talented Nigerian youth. Artisans and other blue-collar workers willing to upskill will also be eligible to live and work in Kisarazu under the special visa dispensation.
“Through this arrangement, we aim to strengthen exchanges and create a foundation for manpower development that will contribute to economic growth in both Japan and Nigeria,” said Mrs. Florence Akinyemi Adeseke, Nigeria’s Charge d’Affaires and Acting Ambassador to Japan.
The designation of Kisarazu builds on historical ties between Nigeria and the city.
The Nigerian Olympic contingent trained in Kisarazu during preparations for the 2020 Tokyo Olympics, where athletes acclimatised before moving to the Olympic Village.
Mayor Yoshikuni Watanabe of Kisarazu, who received the certificate from the Japanese government alongside Mrs. Adeseke, expressed optimism that the initiative would boost the city’s population and contribute to regional revitalisation efforts.
The three tiers of government—federal, state, and local—shared a total of N2.001 trillion from the Federation Account as revenue for the month of July 2025, according to the Federation Account Allocation Committee (FAAC).
The allocation was made during the FAAC meeting held in August 2025 in Abuja, with details released in an official communiqué.
The distributable revenue included:
- N1.282 trillion in statutory revenue
- N640.610 billion from Value Added Tax (VAT)
- N37.601 billion from Electronic Money Transfer Levy (EMTL)
- N39.745 billion from exchange rate difference
Out of the total distributed funds:
- The Federal Government received N735.081 billion
- State Governments received N660.349 billion
- Local Government Councils received N485.039 billion
- N120.359 billion was shared to oil-producing states as 13% derivation revenue
Revenue Breakdown:
Statutory Revenue (N1.282 trillion):
- FG: N613.805 billion
- States: N311.330 billion
- LGs: N240.023 billion
- 13% Derivation: N117.714 billion
VAT (N640.610 billion):
- FG: N96.092 billion
- States: N320.305 billion
- LGs: N224.214 billion
EMTL (N37.601 billion):
- FG: N5.640 billion
- States: N18.801 billion
- LGs: N13.160 billion
Exchange Gains (N39.745 billion):
- FG: N19.544 billion
- States: N9.913 billion
- LGs: N7.643 billion
- 13% Derivation: N2.643 billion
The total gross revenue for July was N3.836 trillion, down from N3.485 trillion in June. Cost of collection deductions amounted to N152.681 billion, while N1.683 trillion was allocated for transfers, refunds, savings, and interventions.
FAAC noted improved collections from Petroleum Profit Tax, Oil and Gas Royalties, EMTL, and Excise Duties, while Companies Income Tax and CET Levies declined slightly. VAT and Import Duties saw marginal growth.
The committee reiterated its commitment to ensuring transparency in the allocation of national revenues across all levels of government.
NAFDAC : Fake Cowbell Milk in circulation
Japan designates the city of Kisarazu for Nigerians to live and work
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