The Federal Accounts Allocation Committee (FAAC) has distributed N1.298 trillion to the federal government, states, and local government councils (LGCs) for September, 2024. This was disclosed in a communiqué issued after the FAAC’s October meeting, held in Abuja. Bawa Mokwa, the Director of Press and Public Relations at the Office of the Auditor-General of the Federation (OAGF), shared the details with journalists. According to the communiqué, the total distributable revenue of N1.298 trillion included N124.716 billion from statutory revenue and N543.518 billion from Value Added Tax (VAT). Additional sources of the distributable revenue were N18.445 billion from the Electronic Money…

The federal government on Thursday received one million doses of the R21/Matrix-M malaria vaccine donated by Gavi, the Vaccine Alliance. It is the first-ever malaria vaccine delivered to the federal government, ahead of the rollout in the country. Speaking during the handover ceremony in Abuja, the Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, said the arrival of the malaria vaccine was a monumental step in the country’s efforts to reduce malaria morbidity and mortality. He said, “With the support of UNICEF, Gavi, and WHO, we are on a path toward achieving our goal of a malaria-free Nigeria.”…

Festus Keyamo, minister of aviation and aerospace development, says Nigeria’s score on the Cape Town Convention (CTC) compliance index has been increased from 70.5 percent to 75.5 percent. The CTC compliance index monitors and assesses compliance by contracting states to the Convention on International Interests in Mobile Equipment and Aircraft Protocol (the CTC) with their respective undertakings. In a statement on Thursday by Tunde Moshood, Keyamo’s special adviser, the minister said the development marks Nigeria’s official removal from the aviation working group (AWG’s) watchlist of non-compliant countries. “Nigeria’s global aviation compliance score has seen a significant improvement following the signing…

Low and medium countries across the world, which are battling extreme poverty including Nigeria, may need upward of 100 years to end the scourge, the World Bank has suggested. A person is defined as poor if he lives on less than N10,275 or $6.85 per day. However extreme poverty refers to those who live below $2.15 or N3,225 per day.The latest projections are contained in the ‘Poverty, Prosperity and Planet Report’, which offers the first post-Covid assessment of global progress toward ending poverty and increasing prosperity. The report also submitted that ending extreme poverty, which is prevalent in developing economies…