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Yuletide: Fuel scarcity cripples activities

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Yuletide: Fuel scarcity cripples activities

•FG’s uncharitable gift to Nigerians -PDP

•Fuel scarcity: APC appeals to Nigerians to be patient with FG

 

The Peoples Democratic Party (PDP) and Ohanaeze Ndigbo, a pan-Igbo socio-cultural organisation, yesterday, described the current fuel scarcity in the country as an uncharitable Christmas gift to Nigerians by the All Progressives Congress (APC)-led Federal Government.
This was contained in PDP’s Christmas message to the people as Nigerians join Christian faithful to mark the birth of Christ.
PDP National Chairman, Prince Uche Secondus, in his message, urged Nigerians to use the occasion to offer special prayers for an end to the APC’s government.
He noted that the hardship Nigerians are going through in the last 30 months of APC’s administration showed clearly that it was a mistake voting APC.
“The fact that Nigerians cannot see fuel to travel home to see their loved ones during this Christmas even after fuel price jumped from N87 per litre under PDP’s administration to N145 under APC, shows clearly that they have nothing to offer
“As Christmas is the marking of the coming of the Messiah, this is the best time to seek God’s intervention to send a leader, who would save this country as APC has failed the people woefully,” Secondus added.
According to him, never in the history of Nigeria has there been this level of disaffection among the people with the government clearly unable to offer solution
“This Yuletide time is therefore ripe for Nigerians to bury their political, ethnic and religious differences and go on their knees to ask God to save this country from the hands of APC misrule and clear lack of direction,” the PDP Chairman added.

Fuel sells at 400 per litre in Kaduna
Despite efforts and promises by the Federal Government, the situation remained unabated and has been made worse by the volume of travels in this yuletide.
In Kaduna, many residents and motorists are at a loss over the deplorable situation, as many of the fuel stations are under lock and key, with the black marketers having a field day.
Ten litres of fuel sells between 350 and 400 within the metropolis and order areas, depending on the seller and the bargaining power of the buyer.
Transport fares have skyrocketed as many passengers are stranded along the road and in motor parks. Those, who have the patient to queue at the fuel stations, have to wait for hours to buy the product at 200/litre.
A motorist, Yohanna Sunday, told our correspondent that he has to make do with buying from black marketers between 350 and 400 per litre as he would not want to spend the whole day in the fuel station.
He said, “Sincerely, we have to increase the transportation fare, before now Kaduna-Abuja use to be 1500, but we collect 2500 or more now depending on how you want to assist the passengers.
“I understand people are suffering but am suffering too, look at how people are suffering at the station, we are calling on government to help us and reduce the suffering. We buy this fuel as high as 400 per litre and more sometimes,” he lamented.

…DPR shuts 6 stations, arrests 4 persons for fuel hoarding
The Department of Petroleum Resources (DPR) in Ogun, on Saturday, sealed six petrol stations and arrested four persons in the state for alleged hoarding of fuel.
The DPR made the arrests for fuel hoarding, under-dispensing, sabotage, obstruction of justice and installation of commercial gas cylinders without approval.
All the affected petrol stations were found to have more than enough of product but refused to sell to the public.
Some buyers accused the station owners of selling fuel at night above the pump price of N145.
A mild drama, however, ensued at one of the filling stations along Ilaro Expressway, as the attendants and the manager fled upon sighting the DPR officials and men of the Nigeria Security and Civil Defence Corps (NSCDC).
The DPR Head of Operations, Mr. Kasali Akinade, led the surveillance team to the stations.
Akinade said the exercise became necessary after receiving the information that some filling stations were hoarding, under-dispensing and selling above the pump price.
“We are aware that some filling stations are either hoarding or selling above the pump price; as high as N180 or N200 per litre, which is against the government price policy of N145.
“When we see any station, either hoarding or not selling, what we do is to order them to start selling at the approved pump price,” he said.
“Normally, in a situation like this, we don’t make any arrest, but just to ask them to sell, however, some of them were not willing to cooperate with us. When we asked them to start selling, they put off the engine; that is, the electric generator, which is against government policy.”
Meanwhile, the Zonal Public Relations Officer of the NSCDC, Mr. Kareem Olarenwaju, explained that those arrested were caught hoarding fuel and selling above pump price.

‘I sold my new shoes at the park to raise N2, 200’
Despite of the fuel shortage and hike in transport fares, it was observed that there were scores of commuters at some motor parks, set to travel to their respective homes for the season.
At the new Ife road park, the transport fare to Ile-Ife, Osogbo, Ilesa, which previously cost N500, N600 and N700 respectively, now attracts N1, 000, N1, 200 and N1500 respectively.
The fare from Ibadan to Akure has increased from N1, 100 to N2, 200, while to Owo and Akoko; it has gone up from N1, 500 to N3, 000.
At the Lagos Park in Iwo road, a trip to Lagos now costs N2, 000 or more as against N1, 000, which was charged two days ago.
Also at the Ojoo Park, the transport fare to Ilorin, which previously cost N1, 500 now costs N3, 000 while the fare to Iseyin attracts N1, 200 from the previous N600.
Some of the drivers, attributed the hike in transport fare to fuel scarcity, saying that most of them bought fuel from ‘black’ marketers.
Saheed Olowe, a driver, said a litre of petrol was sold for between N300 and N350 at the parallel market.
“That is more than 100 per cent increase; so commercial drivers should not be blamed for the hike. Those in position of authority should be held responsible for the hardship the masses are passing through,” Olowe said.
Another driver, Joseph Akogun, said the scarcity of fuel caught drivers unaware due to assurances from the government that fuel would be available and that people should not involve themselves in panic buying.
He urged the government to resolve whatever the problem that was responsible for the scarcity in order to save Nigerians from unnecessary suffering.
Some of the passengers at the parks visited were not in a happy mood, as they lamented the high cost of transportation.
Mr. Jide Akinwale said he had to sell a pair of the new shoes he bought at the park before he could afford the N2, 200 to Akure.
Akinwale said he bought the shoes as a Christmas gift for his twin brother but expressed regrets that the unpleasant situation had forced him to sell it.
Speaking further, Madam Esther Ajetumobi, a widow with three kids, said she had to suspend her trip to her hometown, Akoko, Ondo State, due to the hike in transport fare.
Ajetumobi said there was no way she could afford N6, 000 as the cost of travelling to Akoko with her three children.
“I prefer using the money to buy chicken for my children and celebrate Christmas in Ibadan,” she said.
Mrs. Salomi Bako, a passenger at Peace Motor Park, traveling from Gwagwalada to Lagos said the fare increased from N4, 000 to N9, 000.
“I don’t know why the fuel scarcity should come at this period when people want to travel for Christmas to see their love ones. Before the scarcity, we normally pay N4, 000 but the fare had increased to between N9, 000 and N10, 000.
“The situation has brought untold hardship to travelers, and some people could not travel because of the current rise in transport fares,” she said.
At Kwali Area Council, the transportation to Abaji Area Council increased to N400 from N200.
Mr. Ibrahim Gado, a passenger at Wowo Park in Kuje traveling to Zuba, called on the government to address the situation to alleviate the suffering of the masses.
The Chairman, National Union of Road Transport Workers (NURTW), in Gwagwalada, Mr. Musa Sanda, attributed the high cost of transportation to the lingering fuel scarcity in the country.
Sanda, however, warned union members in FCT not take advantage of the situation and fix outrageous transport fares, adding that it was against the ethics of the union.

 

Speaking further, Madam Esther Ajetumobi, a widow with three kids, said she had to suspend her trip to her hometown, Akoko, Ondo State, due to the hike in transport fare.
Ajetumobi said there was no way she could afford N6, 000 as the cost of travelling to Akoko with her three children. “I prefer using the money to buy chicken for my children and celebrate Christmas in Ibadan,” she said.
Meanwhile, the All Progressives Congress (APC) has appealed to Nigerians to be patient with the Federal Government over the current fuel crisis in the country.
According to a statement issued by Mallam Bolaji Abudullahi, the party´s spokesperson on Saturday in Abuja, the APC-led Federal Government is making efforts to address the situation.
“We empathise with Nigerians at this difficult time and appeal for patience with the Federal Government as it make efforts to improve the situation,” he said.
He added that government was making efforts to find lasting solution to the problem that had bedevilled every administration in the country.
“Our party acknowledges the difficulties Nigerians are currently experiencing as a result of the unfortunate fuel scarcity across the country; especially at this yuletide period.
“We understand that the Federal Government is doing everything to improve the situation and bring succour to the people as soon as possible,” he said.

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PACAC: Don’t accuse DSS of disobeying court order until…

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PACAC: Don’t accuse DSS of disobeying court order until…

The Presidential Advisory Committee Against Corruption (PACAC), has stressed the importance of getting facts of a case, before jumping to conclusion.
Chairman of PACAC, Prof. Itse Sagay, gave the charge on Thursday in Abuja, while responding to criticisms over the continued detention of convener of #Revolution Now campaign, Mr. Omoyele Sowore by the state, desire an order of court for his release.
Specifically, the Senior Advocate of Nigeria decried what he described as “negativity” to issues that concern government.
Sagay spoke in Abuja at a ‘Roundtable On The Re-Introduction of The Jury System and Review of Draft Jury Service Bill’.
He said: “What I see having been part of the government at my small level is that Nigerians do not seek facts before they jump to conclusion.
“In the case of Sowore, I think somebody should go and interview the DSS and find out why instead of jumping to conclusions which are usually negative conclusions.
“There is negativity  in Nigerian orientation to situation particularly when it affects government. I don’t accept that there is disobedience of court order until I know the facts.”

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Buhari: I try to obey the Constitution

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Buhari: I try to obey the Constitution

President Muhammadu Buhari says he tries as much as he can to obey the constitution of the country.
The president said this on Thursday when he received speakers of state assemblies at the presidential villa in Abuja.
In a statement issued by Femi Adesina, presidential spokesman, Buhari said the constitution must be adhered to, or altered to reflect dynamics and realities of the country.
He said the autonomy of state legislature has been constrained by the constitution.
The president asked the lawmakers to always put the interest of the people first in all deliberations and negotiations.
“I try as much as I can to always be loyal and obedient to the constitution so long as it is humanly possible,” Buhari said.
“The 8th National Assembly sometimes kept the budget for seven months. And I had to call the Senate President and the Speaker then. I told them by delaying passage of the budget you are not hurting Buhari, but the people.
“We have in the last four years dedicated significant resources to key social services sectors especially in health, education as well as our massive social investment programs. We have also started restoring our infrastructure to levels that this country expects.
“I also want to assure you that we remain committed to ensuring that equity and fairness prevail in governance. I will ensure that we consult your conference to further enhance the positive impact of our interventions across the country.”

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Enugu airport shutdown: Reps want FG to fix Owerri-Orlu-Ideato-Uga road

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Enugu airport shutdown: Reps want FG to fix Owerri-Orlu-Ideato-Uga road

Following the renovation work going on at the Akanu Ibiam International  airport, Enugu, the House of Representatives has urged the Federal Road Maintenance Agency (FERMA) to urgently undertake remedial work on the Owerri-Orlu-Idoato-Uga road.
The House gave the advice Thursday following the adoption of a motion sponsored by Hon. Chigozie Pascal Obi (AA, Imo).
Presenting the motion, Hon. Obi noted that with the closure of the Enugu airport, there is a heavy traffic on the road, which links several local governments headquarters in Imo State expressing concern that this could constitute further hazards to communities and villages in Ideato federal constituency.
He said the Owerri-Orlu-Ideato-Uga federal road links the capital of IMO state through Uga to Awka, the capital of Anambra state.
Obi expressed worry that the stretches of the road from Orlu-Mgbee-Umuchima-Obioha-Urualla have collapsed, with devastating gullies, on both sides of the road.
He informed that: “The government of Imo State under the leadership of Senator Rocha’s Okorocha had executed projects and made appreciable efforts in this regard but the unintended over-flooding arising from the destructive climate change, destroyed some of the works to unimaginable proportions. “

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Insecurity: We must develop capacity of our Force – CAS

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Insecurity: We must develop capacity of our Force – CAS

…as Air Force decorates 47 senior officers

The Chief of the Air Staff (CAS), Air Marshal Sadique Abubakar, has identified human capacity development as a potent tool needed to combat threats to internal security.
According to the CAS, personnel’s skill and commitment to duty, contribute in no small measure  to the overall success of a fighting Force against adversaries
The Air Chief made the position Thursday at the NAF headquarters in Abuja during the decoration of 12 newly-promoted Air Vice Marshals (AVMs), and 35 Air Commodores.
In his remarks, Abubakar maintained that, for operational mistakes to be reduced, the heads of the services must be imbued with good leadership qualities.
He said it was on the basis of that, that the senior officers were found worthy of their respective promotions to the next ranks.
“These senior officers have worked hard to qualify for elevation to the enviable air rank hence we are gathered here to celebrate this diligence and to congratulate them on their promotion to higher ranks,” the CAS said.

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Ogun APC to APM: Supreme Court judgement not for sale

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Ogun APC to APM: Supreme Court judgement not for sale

The Ogun State branch of the All Progressives Congress (APC) has taken a swipe at the Allied Peoples Movement (APM) and its candidate at the March 9 governorship election in the state, Hon. Adekunle Akinlade, on its plan to approach the Supreme Court, saying, “the judgement of the Supreme Court is not for sale”
It would be recalled that the Court of Appeal sitting in Ibadan, Oyo State, had on Monday, November 11 dismissed the petition filed by the APC governorship candidate in Ogun State, against the victory of the incumbent Governor Dapo Abiodun, the candidate of the All Progressives Congress (APC). In a unanimous decision, the Appeal court justices said the appeal “lacks merit and it is therefore struck out.”
However, in reaction to the appellate court ruling, the APM and its candidate told the media last weekend that they would be approaching the Supreme Court as the last port of call in gubernatorial election petition.
But in a swift reaction to the APM decision, the Publicity Secretary of APC in Ogun State, Tunde Oladunjoye in a statement issued on Thursday said the “APM and its candidates are serial losers who are merely”.

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Report: US considers pulling up to 4,000 troops from S’Korea

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Report: US considers pulling up to 4,000 troops from S’Korea

The United States is considering a significant cut to its troop numbers in South Korea if Seoul does not contribute more to the cost of the deployment, South Korean newspaper ‘Chosun Ilbo’ reported on Thursday.

The US broke off talks on defence costs with South Korea this week after demanding Seoul raise its annual contribution to $5bn, more than five times what it pays now, in a rare public display of discord in the alliance.

Neither side has publicly confirmed the numbers, but US President Donald Trump has said the US military presence in and around South Korea was “$5 billion worth of protection”.

“I understand that the US is preparing to withdraw one brigade in case negotiations with South Korea do not go as well as President Trump wants,” a diplomatic source in Washington with knowledge of the negotiations was cited as saying by ‘Chosun Ilbo’.

A typical US military brigade numbers about 3,000 to 4,000 troops. There are about 28,500 American troops currently stationed in South Korea, which remains technically in a state of war with nuclear-armed neighbour North Korea following a 1950-1953 conflict, reports al-Jazeera.

US Defense Secretary Mark Esper said he was not aware of any plans to withdraw 4,000 troops from South Korea if cost-sharing talks failed.

“We’re not threatening allies over this. This is a negotiation,” he told reporters during a trip to Vietnam.

South Korea’s defence ministry said the Chosun report was “not the official position of the US government”.

Strains among allies

Under US law, the United States’s troop presence in South Korea must not fall below 22,000 unless the secretary of defence justifies a further reduction to Congress.

‘Chosun Ilbo’ said the potential reduction of a brigade had already been discussed with the top brass of US forces in South Korea.

The White House did not immediately respond to a request for comment.

US Special Representative for North Korea Stephen Biegun said on Wednesday he believed the US should continue to station troops in South Korea when asked if he would continue to advocate for the presence of US military personnel in the country if he was confirmed as Deputy Secretary of State.

“South Korea is among our most important alliance partners. That doesn’t mean anybody gets a free ride. We have a tough burden-sharing negotiation that we’re in the middle of with the South Koreans,” Biegun said.

South Korean political party leaders visited Washington, DC on Wednesday to press for a fair and reasonable outcome of the cost-sharing talks.

“I stressed that a withdrawal of US troops from South Korea should not be brought up, as the South Korea-US alliance also helps the US national interest,” said Na Kyung-won of the main opposition Liberty Korea Party.

Meanwhile, South Korea’s intelligence-sharing pact with Japan, which Seoul decided to terminate after relations soured over historical issues and has become the subject of increasing US pressure to renew, is set to expire on November 23.

South Korea’s presidential office is holding a National Security Council meeting on Thursday, where the agreement is expected to be discussed, South Korean media said.

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Trump impeachment: Ukraine officials knew about hold on aid earlier than reported

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Trump impeachment: Ukraine officials knew about hold on aid earlier than reported

A senior U.S. Department of Defense official testified on Wednesday that Ukrainian officials knew President Donald Trump’s administration was withholding military assistance in July, undercutting a key Republican defense of the president’s actions in the impeachment inquiry.

Deputy Assistant Secretary of Defence Laura Cooper testified at a hearing in the impeachment inquiry into Trump that has largely focused on the decision to withhold nearly $400 million in security aid, reports Reuters.

She said Ukrainian officials had known in July about the holdup in the security aid, which was new information she had not had when she was interviewed behind closed doors on October 23.

Cooper said her staff received an email on July 25 from the State Department saying that Ukraine’s embassy and the U.S. House of Representatives Foreign Affairs Committee were asking about security assistance.

“On July 25 a member of my staff got a question from a Ukrainian Embassy contact asking what was going on with U.S. security assistance,” Cooper told the House Intelligence Committee at the impeachment hearing.

July 25 was the day of a telephone call between Trump and Ukrainian President Volodymyr Zelenskiy in which the Republican U.S. president raised the issues of an investigation of Democratic former Vice President Joe Biden, alleged Ukrainian interference in the 2016 presidential election and the aid.

Cooper also said some of her staff had met with officials from the Ukrainian embassy during the week of August 6 and that they had raised the issue of the aid.

Defending Trump in the inquiry, some Republicans have sought to minimize the impact of the White House decision to withhold the military aid by saying Ukraine was only aware of the hold for two weeks before the hold was lifted on September 11.

In the Democratic-led impeachment inquiry, investigators are looking into whether Trump withheld the aid in order to pressure Ukraine to launch the investigations.

Trump – backed up by most congressional Republicans – denies wrongdoing.

Cooper also said she had never discussed a hold on security assistance for Ukraine with Trump and never heard from him directly on the matter.

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Trump hosted Zuckerberg for undisclosed dinner at White House

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Trump hosted Zuckerberg for undisclosed dinner at White House

President Donald Trump hosted a previously undisclosed dinner with Facebook CEO Mark Zuckerberg and Facebook board member Peter Thiel at the White House in October, the company told NBC News on Wednesday.

The meeting took place during Zuckerberg’s most recent visit to Washington, where he testified before Congress about Facebook’s new cryptocurrency Libra. Zuckerberg also gave a speech at Georgetown University detailing his company’s commitment to free speech, and its resistance to calls for the company to crack down on misinformation in political ads.

Facebook confirmed the meeting to NBC News on Wednesday.

“As is normal for a CEO of a major U.S. company, Mark accepted an invitation to have dinner with the President and First Lady at the White House,” a Facebook spokesperson said in an emailed statement.

It is unclear why the meeting was not made public or what Trump, Zuckerberg and Thiel discussed.

The White House declined to comment.

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Reps: ICPC misled Buhari on N1trn constituency projects

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Reps: ICPC misled Buhari on N1trn constituency projects
  • Senators to President: Ask ministers what happened to money
  • Lawmakers: Poor releases liable for abandoned projects
  • Gbajabiamila: Anti-graft agencies must do diligent probe

 

 

The House of Representatives has accused the Independent Corrupt Practices and other Related Offences Commission (ICPC) of providing misleading statistics, upon which President Muhammadu Buhari relied on to say about N1 trillion was expended on National Assembly members’ constituency projects in 10 years.

President Buhari had, on Tuesday, at an event organised by office of the Secretary to the Government of the Federation (SGF) in conjunction with the ICPC, declared that about N1 trillion was wasted in 10 years in constituency projects by the National Assembly members.

The President said that data collected from Nigerians in rural communities pointed to the fact that they had not felt the impact of the said projects, as there was no commensurate result with the funds spent.

But at yesterday’s plenary of the House, the minority leader, Hon. Ndudi Elumelu (PDP, Delta) raised a point of order, in which he argued that the said figures were incorrect, and breached his privileges as a member of the National Assembly.

According to Elumelu, “I saw in the newspapers, dated 20th November 2019, and one thing is very consistent and that is the comment credited to our amiable President saying that N1 trillion was made available in the last 10 years to the National Assembly for constituency projects and that there was no value for the money spent. Yes, in the last 10 years, N1 trillion was actually made available by way N100 billion annually for constituency projects.

“Truly, our constituents do not have value for such provisions. But one thing I am worried about is that words have meanings. My constituents called me to ask me to give account of the money that came to my constituency. I had so many calls and it was difficult for me to explain.

“My worry and why I am bringing this up is that, yes I got N100 million budgeted, but actual releases was not up to 50 per cent. In actual sense, even this year, we never got release more than 40 per cent. I can conveniently tell you that only about 30 per cent has been released.”

He submitted that: “Section four of the 1999 Constitution, as amended, says we should make budgets and if we pass budget in this House, the onus is now on the executive to implement and award contract. We don’t award contracts.

“I don’t know of any member who is a member of the tender’s board. In effect, the National Assembly has nothing to do with the execution of any contract. It is painful that the agency that generated that information failed to state that while it is true that N1 trillion was budgeted in the last 10 years, this money has not been released.

“I am not happy because the information is capable of giving me a bad name before my community. The ICPC that wrote this report failed to tell the truth of how much was actually released. When you say N1 trillion is budgeted like the President said, if that money was released completely, there will be value commensurate to the money.

“I wonder why the ICPC man failed to look at what was released. Why should ours be a subject of debate that they will tell Nigerians we received N1 trillion when it was budgeted, but not released. My message is that we should let them know that while N1 trillion was budgeted for constituency projects, by way of releases, we did not receive that because what was released was less that 40 per cent.”

Supporting the motion, the deputy minority leader, Hon. Toby Okechukwu (PDP, Enugu) argued that the biggest problem with such projects was poor release of funds for their execution, adding that those who informed the President failed to take such into consideration.

He said: “The issue is very important because words have meanings. In all the papers, they said N1 trillion wasted on constituency projects in 10 years. Of course, Mr. President would have been responding to information given to him. I am a student of public policy analysis. I understand that projects and policies of government go through interrogation.

“When you say N1 trillion is released, it presupposes that the equivalent value of that money should be on ground. There is also a presupposition that this money is given to members. Our responsibility is to make laws and pass budget and once that is done, it goes to the Executive and the execution is the responsibility of the executive.”

Okechukwu argued that “on the average, we have about 50 per cent of that money that has been released in the last 10 years. The reason why we have so many abandoned projects in our communities is because of lack of releases.

“You award contract and you pay 50 per cent. What happens to the remaining 50 per cent? How can you complete them? I know that in the last 10 years, this House has appropriated an average of N7 trillion and that presupposes that you spent N70 trillion.

“In the 2019 budget, about N220 billion was budgeted for roads and what was released was N45 billion. If you are expecting the value of N220 billion when you give N45 billion, I don’t know what you will see.”

In his response, Speaker Femi Gbajabiamila said the matter affected the collective privileges of members of the whole House, and may yield a bad consequence.

According to the speaker, “I think it is a breach of our collective privilege as a House and not one person. My concern is the unintended consequences of words spoken. These are words emanating from a report by ICPC. There could be unintended consequences that could come out of it.

“You put people’s wellbeing at risk. I feel it is okay to use the National Assembly as the weeping boys. The fact is that there is the FOI bill. The ICPC could easily invoke their power of investigation and look at releases as compared to what was budgeted.

“The ICPC that made the report, I don’t think they will appreciate if the House, in discharge of its constitutional responsibilities, did an oversight on ICPC based on what was budgeted as opposed to what was released to them. When you break an egg, it is going to be difficult to put it together.

“I will use this medium to send this message across to ICPC and other agencies to do their work of investigation well. There is a difference between money budgeted and money released. It is as simple as ABC.”

The motion was consequently sustained and adopted.

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FAAC: FG, states, LGs share N702.058bn as October revenue

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FAAC: FG, states, LGs share N702.058bn as October revenue

The three tiers of government – federal, states and 774 local government councils – yesterday shared N702.058 billion as October revenue from the federation account.

The amount was confirmed last night by the Accountant General of Federation, Mallam Idris Ahmed who presided over Federation Accounts Allocation Committee (FAAC) that held in Abuja.

The N702.058 billion comprised revenue from Value Added Tax (VAT), Exchange Gain and Gross Statutory Revenue.

The gross statutory revenue for the month of October 2019 was N596.041 billion. It was lower than the N599.701 billion received in the previous month by N3.660 billion. Revenue from VAT was N104.910 billion as against N92.874 billion distributed in the preceding month, resulting in an increase of N12.036 billion. Exchange Gain yielded a total revenue of N1.107 billion.

Of N702.058 billion shared, the Federal Government received N295.737 billion, the states received N192.697 billion, and the Local Government Councils received N144.987 billion.

The oil producing states received N49.164 billion as 13% derivation revenue and the revenue generating agencies received N19.472 billion as cost of revenue collection.

A breakdown of the distribution showed that from the gross statutory revenue of N596.041 billion, the Federal Government received N280.110 billion, the states received N142.076 billion, the local government councils received N109.534 billion, the oil producing states received N49.044 billion as 13% derivation revenue and the revenue collecting agencies received N15.276 billion as cost of collection.

From the VAT, the Federal Government received N15.107 billion, the states received N50.357 billion, the local government councils received N35.250 billion and the revenue generating agencies received N4.196 billion.

The balance in Excess Crude Account (ECA) stood at $324 million as of 20th November 2019.

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