FAAC Disburses N1.1tn to FG, States, LGAs As August Revenue N133bn more than N966bn shared in July Balance in the Excess Crude Account now $473m Ndubuisi Francis in Abuja The Federation Account Allocation Committee (FAAC) yesterday shared a total sum of N1.1 trillion as Federation Account revenue for the month
of August to the federal, state and local governments, indicating a N133.991 billion rise over the N966.110 billion shared in the preceding month of July. This was contained in a
statement from the Office of the Accountant General of the Federation (OAGF), citing a communique issued by the FAAC at the end of its September meeting. According to the statement,
the N1,100.101 trillion total distributable revenue comprised distributable statutory revenue of N357.398 billion, distributable Value Added Tax (VAT) revenue of N321.941 billion, Electronic Money Transfer Levy (EMTL)
revenue of N14.102 billion, Exchange Difference revenue of N229.568 billion and Augmentation of N177.092 billion. The statement revealed that a total revenue of N1,483.902
Tinubu Returns to Abuja from Paris...
trillion was available in the month of August, with total deductions for cost of collection being N58.755 billion; total transfers and refunds stood at Continued on page 5
Page 9
Saturday 30 September, 2023 Vol 28. No 10398
www.thisdaylive.com TR
UT H
& RE A S O
N250
N
Shettima: FG Committed to Creating Inclusive Economy, Prosperous Nigeria Deji Elumoye in Abuja
L-R: The Sultan of Sokoto, His Eminence, Muhammad Sa'ad Abubakar, and the Deputy President of the Senate, Barau Jibrin, at the public lecture and special Juma'at prayer to mark Nigeria’s 63rd Independence Anniversary at the National Mosque, Abuja…yesterday.
Vice President Kashim Shettima yesterday reaffirmed federal government’s commitment to creating an inclusive economy and Continued on page 5
Shelve Planned Indefinite Strike, Tinubu, Sultan Beg NLC, TUC ‘I don't believe they should embark on this strike in the next couple of days because the common man will suffer more than the leaders they are targeting’ - Sultan Olawale Ajimotokan and Sunday Aborisade in Abuja President Bola Tinubu and the Sultan of Sokoto, Muhammad Sa'ad Abubakar have urged the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to shelve their planned indefinite strike over the removal of fuel subsidy by the federal government. The organised labour has fixed Tuesday, October 3, for the commencement of an indefinite strike aimed at paralysing the Continued on page 5
Cardoso Assigns Portfolios GLO UNVEILS NEW BRAND AMBASSADORS: KISS DANIEL, ASHAKE, CHIKE… Ugo Nwachukwu, Head of Creative, Globacom; musician, Daniel Anidugbe (Kizz Daniel); Chuka Obi, Director of Creativity, Globacom; musician, Ahmed Ololade (Ashake); to 4 Deputy L-R: Adeboye Adeniji, Head, Enterprise Business Group, Globacom; musician, Chike Ezekpeazu Osebuka (Chike); and Demola Elutilo, Coordinator, COO Secretariat, Globacom, at Governors... Page 10 the unveiling of the music stars as Glo Brand Ambassadors at Mike Adenuga Towers, Victoria Island, Lagos…yesterday