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FAAC shares N671.910 bn October 2021 revenue to FG, States and LGs

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FAAC
FAAC

The Federation Accounts Allocation Committee (FAAC) has shared a total of N671.910 billion October 2021 federation account revenue to the Federal, States and Local Governments Councils.

This was contained in a communiqué issued at the end of the Federation Account Allocation
Committee (FAAC) meeting for November, 2021 held in Lagos State.

The N671.910 billion total distributable revenue comprised Distributable Statutory Revenue of N363.849 billion, Distributable Value Added Tax (VAT) revenue of N154.844 billion, Exchange Gain of N3.217 billion and N150 billion augmentation from the Non-Mineral Revenue.

In October 2021, the sum of N24.591 billion was the total deduction for cost of collection and N30.864 billion was total deduction for statutory transfers, savings and refunds. The balance in the Excess Crude Account (ECA) was $60.860 million.

The communiqué confirmed that from the total Distributable Revenue of N671.910 billion, the Federal Government received N284.292 billion, the State Governments received N209.838 billion, and the Local Government Councils received N156.282 billion. The sum of N21.498 billion was shared to the relevant States as 13% derivation revenue.

The distributable Statutory Revenue of N363.849 billion was available for the month. From this amount, the Federal Government received N180.551 billion, the State Governments received N91.578 billion and the Local Government Councils received N70.603 billion. The sum of N21.118 billion was shared to the relevant States as 13% derivation revenue.

In October 2021, the gross revenue available from the Value Added Tax (VAT) was N166.284 billion. This was lower than the N170.850 billion available in the month of September 2021 by N4.566 billion.

The sum of N4.789 billion Allocation to NEDC and N6.651 billion cost of revenue collection were deducted from the N166.284 billion gross Value Added Tax (VAT) revenue, resulting in the distributable Value Added Tax (VAT) revenue of N154.844 billion.

From the N154.844 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N23.227 billion, the State Governments received N77.422 billion and the Local Government Councils received N54.195 billion.

The Federal Government received N1.495 billion from the total Exchange Gain revenue of N3.217 billion. The State Governments received N0.758 billion, the Local Government Councils received N0.584 billion and N0.380 billion was shared to the relevant States as 13% derivation revenue.

The Federal Government received N79.020 billion, the State Governments received N40.080 billion and the Local Government Councils received N30.900 billion from the N150 billion augmentation from the Non-Oil Mineral Revenue.

According to the communiqué, in the month of October 2021, Petroleum Profit Tax (PPT), Oil and Gas Royalties and Companies Income Tax (CIT) decreased considerably. There was a slight decline in Value Added Tax (VAT) while Import Duty and Excise Duty increased marginally.

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General News

Clergy Urged To Put Members’ Welfare Above All Else

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Anglican Church logo

At a solemn ordination service in Abuja, senior church leaders have called on pastors to make the well-being of their congregations a top priority, following the example of Jesus Christ.

Speaking during the priesthood ordination and installation of a Sub Dean at the Cathedral Church of Advent, Life Camp, Abuja, the retired Bishop of the Anglican Diocese of Okene, Rt. Rev. Emmanuel Ajulo, described pastors as shepherds charged with the care of their flock. He urged them to shun worldly distractions and focus on meeting the spiritual and material needs of their members.

Bishop Ajulo also encouraged the newly ordained priests to remain faithful to their calling by teaching God’s word without compromise.

In his charge, the Primate of the Church of Nigeria, Anglican Communion, Most Rev. Henry Ndukuba, urged the new clergy to preach the undiluted gospel and foster religious harmony wherever they serve. He expressed confidence that their new roles would help promote peace and unity in society.

The service also featured prayers for national leaders and divine intervention in addressing the current global economic challenges.

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1,000 Prayer Warriors Storm Ilorin for Tinubu, Nation’s Deliverance

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President Bola Ahmed Tinubu

In a dramatic show of faith and patriotism, over 1,000 fiery prayer warriors from across Nigeria will descend on Ilorin, Kwara State, this Saturday, lifting their voices in intense intercession for President Bola Tinubu’s success and Nigeria’s survival in the face of biting economic woes and mounting insecurity.

The spiritual siege, themed “Walking in Domini”, is the maiden convention of the Organisation of African Instituted Churches (OAIC), with its Kwara State Chairman, Evangelist Thomas Adeboye, vowing that “heaven will hear and respond to Nigeria’s cry.”

Aside from marathon prayers, the gathering will roll out free medical outreach to locals across Kwara’s LGAs, a gesture aimed at touching both body and soul.

Adeboye, lamenting Nigeria’s “troubling economic and security realities”, called for a nationwide prayer uprising, insisting that Tinubu has shown the will to revive the nation but needs massive divine backing to succeed.

“Banditry, a collapsing economy, and political tension demand we seek God’s face like never before,” he declared. “We will storm heaven for wisdom for the President and governors to steer Nigeria to safety.”

The convention will also feature awards to distinguished personalities, soul-lifting worship, fiery sermons, and unity-driven lectures—all capped with thunderous prayers for Nigeria’s redemption.

Adeboye urged the President to ensure every policy has “a human face,” stressing that Nigerians must not only endure but also enjoy the fruits of governance.

With the OAIC promising to reaffirm believers’ authority in Christ and rally spiritual boldness in the face of national challenges, Ilorin is set to become the epicentre of a powerful spiritual warfare for Nigeria’s destiny.

 

 

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Nigerian Anglicans Condemn Lesbian Archbishop of Wales, Deepening Global Anglican Rift

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…Church leaders accuse Welsh counterparts of “spiritual decadence” and “abandonment of faith”

The Church of Nigeria (Anglican Communion) has issued a forceful condemnation of the election of Rt. Rev. Cherry Vann, an openly lesbian cleric, as the Archbishop of Wales. The move is the latest in a series of developments that have deepened divisions within the global Anglican Communion over sexuality and doctrine.

In a statement from Primate The Most Rev’d Henry Ndukuba, the church denounced the election as a “serious departure from biblical teaching” and a sign of “spiritual decadence” and “an outright abandonment of the faith once delivered to the saints.”

Archbishop Ndukuba warned that Bishop Vann’s elevation compromises the Anglican Church’s global mission and could obstruct evangelism. He compared the situation to the controversial tenure of Most Rev. Katherine Jefferts Schori, former Presiding Bishop of the U.S. Episcopal Church, who also faced intense criticism from conservative Anglicans for her progressive views.

The Primate accused Bishop Vann of being complicit in the “ongoing crisis” around same-sex issues, stating that the election is a “clear revelation that many who claim to be members of the body of Christ cannot endure sound doctrine” (2 Timothy 4:3–4).

The Church of Nigeria called on Anglicans worldwide to reject “rebels” and “apostates” and to instead support conservative bodies like the Global Anglican Future Conference (GAFCON).

“The Church of Nigeria (Anglican Communion) condemns, unequivocally rejects, and will not recognize the election of Rt. Rev. Cherry Vann as Archbishop of Wales,” Ndukuba declared. He concluded with a solemn warning that without repentance, the Church in Wales risks losing “complete relevance” and its leaders will face judgment.

 

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