News
BREAKING: FG, state, local governments share N2.001trn July revenue
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.
News
IGP Disu orders officers to shoot anyone carrying illegal firearms
Disu explained that the directive was backed by Force Order 237, which empowers police officers to respond immediately to armed threats without waiting for approval from superior officers.
The Inspector-General of Police, Olatunji Disu, has directed police officers across the country to shoot on sight anyone found carrying illegal firearms, as part of intensified efforts to curb insecurity.
Disu issued the directive on Friday during a stakeholders’ meeting at the Government House in Makurdi, the Benue State capital, saying the move followed President Bola Tinubu’s instruction that the lingering security crisis in the state must be brought to an end.
The police chief maintained that only authorised security personnel are legally permitted to carry firearms, warning that law enforcement agencies would no longer tolerate the unlawful possession of weapons.
” You cannot move around freely carrying arms as if there is no law and order in this country. It will not be tolerated,” he said.
Disu explained that the directive was backed by Force Order 237, which empowers police officers to respond immediately to armed threats without waiting for approval from superior officers.
News
PFIPC N1.32bn allocation: “No Kobo was released by Budget Office”, says DG
The committee chairman, Rep. Yusuf Gagdi, defended the Budget Office’s actions, saying the evidence before lawmakers showed the office acted on approvals issued by the relevant government agencies.
• PFIPC DG Adeyemi
The Budget Office of the Federation on Friday defended the agency’s role in the controversial budgetary allocation to the Presidential Foreign Investment Promotion Council (PFIPC), insisting that despite provisions made in the 2026 Appropriation Act, not a single kobo was released to the fake agency.
The Director-General,Tanimu Yakubu, disclosed this during an appearance before the House of Representatives Ad-Hoc Committee investigating the alleged unlawful establishment and funding of the council.
The DG maintained that the Budget Office neither created the council nor approved its establishment, recruitment or salaries.
He told the lawmakers that the office merely carried out its constitutional responsibility of assessing the fiscal implications of approvals issued by other government institutions.
The DG explained that while the council requested N3.8 billion as personnel cost, the Budget Office rejected the estimate and independently calculated a much lower figure of N802.98 million based on the approved establishment and applicable public service salary structure.
He stressed, however, that the personnel provision never translated into actual spending because the office withheld the mandatory financial clearance.
According to him, financial clearance is the final legal approval required before recruitment, payroll enrolment and salary payments can commence.
“There was therefore no financial clearance. There was no lawful recruitment. There was no payroll enrolment. There was no salary payment,” he said.
The committee chairman, Rep. Yusuf Gagdi, defended the Budget Office’s actions, saying the evidence before lawmakers showed the office acted on approvals issued by the relevant government agencies.He said the investigation had already established that the documents relied upon by those agencies were later discovered to be forged.
“The question is whether the Budget Office allocated budget to this agency without the agency satisfying the requirements. The answer, based on the documents before us, is no. I repeat, no,” he said.
News
JUST IN: Multiple Crashes on Kara Bridge Disrupt Lagos-Ibadan Expressway; FRSC Urges Alternative Routes
The Federal Road Safety Corps (FRSC), Lagos Sector Command, has advised motorists to avoid the Kara Bridge area on the Lagos-Ibadan Expressway following multiple road traffic crashes that occurred in the early hours of Friday, disrupting traffic flow in both directions.
According to the FRSC, the first incident happened around 12:05 a.m. on the outbound carriageway towards Ibadan, involving five articulated trucks and one Toyota Sienna. Preliminary investigations point to speed violation and loss of control as the cause.
Seven adult males were involved in the crash. One person died, another sustained injuries, and five escaped unhurt. Recovery efforts have been complicated because the body of the deceased is trapped under one of the heavily loaded trucks, requiring heavy-duty equipment for evacuation.
While rescue teams were still at the scene, a second crash occurred at approximately 3:15 a.m. on the inbound carriageway towards Lagos. A Mazda commercial bus suffered brake failure, leaving its driver seriously injured. The driver was promptly rescued and transported to the Lagos State Accident and Emergency Centre for treatment.
FRSC rescue teams, alongside LASEMA and other emergency responders, are working to clear the wreckage, recover the trapped victim, and restore normal traffic flow.
Lagos Sector Commander, Corps Commander Kehinde Ganiyu Hamzat, expressed sympathy to the families of the victims and called on motorists to exercise patience and cooperate with traffic personnel at the scene.
Motorists have been strongly advised to use alternative routes to avoid delays along the Kara-Ojodu Berger corridor until operations are concluded:
- Outbound traffic (Lagos to Ibadan): Divert via the Ikorodu-Sagamu route.
- Inbound traffic (towards Lagos): Use the Lekki-Epe Expressway or Ikorodu-Sagamu Expressway.
The FRSC further reminded drivers, especially those operating articulated vehicles and commercial buses, to ensure their vehicles are roadworthy — with particular attention to braking systems — before any journey. The Command also urged drivers to avoid unnecessary night travel, reduce speed in poor visibility, maintain safe distances, avoid dangerous overtaking, and rest when fatigued.
The FRSC remains committed to restoring normalcy as quickly as possible in collaboration with other emergency and traffic management agencies.
PRESS RELEASE
FRSC ADVISES MOTORISTS TO USE ALTERNATIVE ROUTES AS RESCUE OPERATIONS CONTINUE FOLLOWING MULTIPLE CRASHES ON KARA BRIDGE
The Federal Road Safety Corps (FRSC), Lagos Sector Command, wishes to inform the motoring public that its rescue teams are currently managing the aftermath of multiple road traffic crashes that occurred at Kara Bridge along the Lagos-Ibadan Expressway in the early hours of today, Friday, 24th July, 2026.
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