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FG, States and LGAs share N4.55 trillion in 9 months

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The latest Quarterly Review of the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that a total of N4.545 trillion was released as FAAC allocations between January and September 2017.

Out of this amount, N1.757 trillion was shared in the third quarter of 2017 as against the N1.377 trillion and N1.411 trillion disbursed in the second and first quarters of the year.

The publication which contains information and data on FAAC disbursements for the third quarter of 2017 and on mid-year budget implementation also shows that between January and September 2017, the federal government received the highest allocation of N1.851.32 trillion, followed by state governments with N1.509 trillion and the 774 local governments with N913.8 billion. The sum of N271.78 billion went to DPR, Customs and the FIRS as cost of revenue collections.

Further analysis indicates that the revenues shared to the federating units were higher in the third quarter of 2017 which has been the trend for some time.

According to the review “positive developments in the oil sector – evident from resurgent oil prices and increased production levels. The third quarter also represents the summer season when global oil demand and consequently oil prices are generally higher than other times of the year and this could possibly explain the higher revenue accruals to the Federation account in these third quarters”

The reports adds that “upward trend in the FAAC disbursements to the three tiers of governments are encouraging signs which if sustained will improve government expenditures, help to boost economic activities and move the country further away from recession”.

The analysis also compared government’s earnings in 2017 to 2016 and showed that total revenues were higher in the first half of 2017 than the corresponding period of 2016 by 22%.

The review further notes that states will have to aggressively raise their Internally Generated Revenue (IGR) in order to be able to actualize their budgets.

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JUST IN: FG suspends Nigeria Air indefinitely – Minister

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The Minister of State for Aviation, Hadi Sirika, on Wednesday, announced the suspension of the planned national carrier, Nigeria Air.

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I will contest Lagos governorship election – Jimi Agbaje

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The governorship candidate of the Peoples Democratic Party (PDP) in the 2015 gubernatorial election in Lagos State, Mr. Jimi Agbaje, on Wednesday, September 19, finally announced that he has an ambition to lead the state on the platform of the same party in 2019.

There had been speculations on whether Agbaje, who narrowly missed the chance to govern the state in 2015, would still seek election.

Agbaje reportedly told journalists in Lagos that he would seek election in the state in 2019.

“It is true that initially I did not want to re-contest, but I had so many people urging me to run,” he said.

Agbaje, the 2015 governorship candidate of the Peoples Democratic Party (PDP) in Lagos state, on Monday, September 3, urged the party to conduct free, fair and credible convention to avoid rancor ahead of the 2019 elections.

A statement by Fidelis Soriwei, a spokesperson of Seriake Dickson, quoted Agbaje as having stated this when he paid a condolence visit to the state governor, Seriake Dickson, in his Toru Orua country home.

The visit was to condole the governor over the death of his mother, Goldcoast Dickson, who died of lung cancer at the University of Texas MD Anderson Cancer Centre, Houston, Texas, in the United States at the age of 72.

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Lagos APC members protest James Faleke’s re-election bid

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Some members of the ruling All Progressives Congress, APC, in Ikeja Federal Constituency, Lagos State, on Monday staged a peaceful protest against the re-election bid of Rep. James Faleke.

Faleke, member representing Ikeja Federal Constituency in the House of Representatives is positioning himself for re-election in 2019 elections. He had in 2016 gone to contest the deputy governorship seat in Kogi, his state of origin.

The protesters, who chanted different solidarity songs against Faleke, a two-term member of the House of Representatives, said that he had not represented the constituency well.

They carried placards with inscriptions such as “Faleke, go back to Kogi, Ikeja say no to you”, “90 Shops in Kogi, Go back to your Kogi”.

Others read: “16 years of representing Ikeja with no constituency benefit”, “Dear Tinubu, the People of Ikeja, Ojodu, and Onigbongbo say no to Faleke” among others.

One of the leaders of the protesters, Solomon Johnson, said that there were so many capable and vibrant youths, men and women that could represent the constituency.

Johnson, a leader in Ikeja APC said that the protest was to tell the leadership of the party that the residents would not support the re-election of Faleke to the House of Representatives.

“He has been in power in the last 18 years and we feel he has done enough,” Johnson said.

According to him, since the lawmaker has gone to contest Kogi Deputy Governorship Election in 2016, the legislative seat should be given to another individual in the person of Mrs Toke Benson.

He urged Faleke to concentrate on strengthening APC in Kogi rather than seek re-election by transferring his voter register back to Lagos.

“It will be a slap on the people of Ikeja Federal Constituency if Faleke is forced on residents, we have able youths that can represent the constituency and we have found Mrs Toke Benson.

“Since the party is interested in promoting women participation, Toke Benson is qualified, she is a lawyer and well known. Enough of impunity. Give us Toke Benson and we will deliver Ikeja for APC,” Johnson said.

Another leader of the protesters, Hope James said, “The entire people of Ikeja want a change. The attention of Faleke has been in Kogi. Our people have not been benefiting from that office.”

James, one of the APC stalwarts from Onigbongbo Local Council Development Area, alleged that the lawmaker had not been representing the constituency well.

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