15082018 - SARS: Osinbajo orders probe of abuses; IG rejigs squad

16—Vanguard, WEDNESDAY, AUGUST 15, 2018
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FG, others shared N1.490 trn FAAC funds in
2 months
By Emmanuel
Elebeke
ABUJA—THE National
Bureau of Statistics,
NBS, has said the three tiers
of government shared a
total of N1,490,760,000 for
June and July, 2018.
The Bureau indicated this
in its report released on
Tuesday on the Federation
Account Allocation
Committee, FAAC, for June
and July 2018
disbursement.
The report shows that
the FAAC disbursed the
sum of N668.90bn to the
three tiers of government in
June 2018 from the revenue
generated in May 2018.
The amount disbursed
comprised of N575.48bn
from the Statutory Account
and N93.42bn from Valued
Added Tax, VAT.
Of the total sum, the
Federal Government
received a total of
N282.22bn from the
N668.90bn; states received
a total of N181.17bn while
Local Governments
received N136.49bn.
The sum of N53.07bn was
shared among the oil
producing states as 13%
derivation fund.
Revenue generating
agencies such as Nigeria
Customs Service (NCS),
Federal Inland Revenue
Service (FIRS) and
Department of Petroleum
Resources (DPR) received
N4.63bn, N7.40bn and
N3.92bn, respectively as
cost of revenue collections.
Further breakdown of
revenue allocation
distribution to the Federal
Government of Nigeria
(FGN) revealed that the
sum of N240.85bn was
disbursed to the FGN
consolidated revenue
account; N5.10bn shared as
derivation and ecology;
N2.55bn as stabilization
fund; N8.57bn for the
development of natural
ITF trains 150,000 Nigerians in skills
acquisition
By Victoris Ojeme
A BUJA—INDUSTRIAL
Training Fund (ITF) on
Tuesday said that it has
almost exceeded
expectation by training over
150,000 Nigerians in skills
acquisition.
Director General/Chief
Executive of the ITF, Sir.
Joseph Ari made this
known at a world press
conference held in Abuja.
It would be recalled that
ITF in conjunction with the
resources; and N5.96bn to
the Federal Capital Territory
(FCT) Abuja.
For the month of July, the
NBS indicates that FAAC
disbursed the sum of
N821.86bn to the three tiers
of government in July 2018
from the revenue generated
in June 2018.
The amount disbursed
comprised of N687.35bn
from the Statutory Account,
N85.34bn from Valued
Added Tax (VAT) and
N7.32bn excess bank
charges.
Federal Government
received a total of
N315.01bn from the
N821.86bn, states on their
part received a total of
United Nations Industrial
Development Organization
(UNIDO), conducted a
National Skills Gap
Assessment in six priority
sectors of the Nigerian
Economy namely: Agrio
business and agro-allied,
metal & solid minerals, oil
and gas related industry,
construction, light
manufacturing and
services industry.
Ari noted that several
disturbing facts emerged in
the survey, the report of
which was presented to
N194.51bn and Local
governments received
N147.05bn.
The sum of N42.85bn was
shared among the oil
producing states as 13%
derivation fund, while
N100.00bn was transferred
to Excess crude
Account(ECA).
Also in the month,
revenue generating
agencies such as Nigeria
Customs Service (NCS),
Federal Inland Revenue
Service (FIRS) and
Department of Petroleum
Resources (DPR) received
N4.82bn, N12.21bn and
N5.42bn respectively, as
cost of revenue collections.
stakeholders in Abuja in
April this year.
He said the report
indicated that despite
spiraling unemployment,
925 trades were either
difficult or hard to fill in the
country’s labour market.
He said: “The breakdown
showed that 19.7%
vacancies were in the
housing sector, 13.9% in
petro-chemical sector, 14.7% in
other goods, 11.4% in the auto
industry, 10.3% in textiles, 10.1%
in steel, 8.9% in the services sector
and 3.3% in the leather industry."
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Odili turns Ornament of
Rivers at 70
By Egufe
Yafugborhi
PORT HARCOURT—
FORMER governor
Peter Odili, yesterday,
earned a new accolade as
‘Ornament of Rivers State’
as he clocks 70 today.
Former Attorney General
of the Federation, Chief
Kanu Agabi, SAN,
decorated Odili with the
new title at a public lecture
organised by Governor
Nyesom Wike’s
administration, in Port
Harcourt, to kickstart
celebration of Odili’s
birthday.
Wike, his wife, Justice
Eberechi e Nyesom-Wike,
Rivers State Executive
Council, state judiciary and
legislature were among
dignitaries who celebrated
Odili on the occasion.
Also at the occasion were
former Kano State
governor, Senator Rabiu
Kwankwaso, former Edo
State governor, Lucky
Igbinedion, former Kogi
State governor, Idris Wada,
former Rivers State
governor, Sir Celestine
Omehia, former President
Court of Appeal, Justice
Umaru (retd) and former
Akwa Ibom Military
Governor, Col Bako (retd).
joined by mormer Others
are Ministers, serving
senators, National
Assembly members,
traditional rulers,
professionals and
renowned jurists who
showered glowing tributes
to the former governor.
In the lecture titled, “Sir
Dr Peter Odili: Defender of
the Faith, Defender of the
Fatherland,” Agabi
described Odili as an
outstanding humanist,
courageous and committed
to growth of Nigeria.
“Formerly, he belonged to
Rivers State. He has ceased
to be the property of Rivers
State. He is now the
property of Nigeria and the
world. Whatever he has
done is for the benefit of
mankind. Whatever he has
refrained from doing, it is
in the interest of society,”
he noted.
In a eulogy, Publicity
Secretary of Afenifere, Mr
Yinka Odumakin said at
70, Dr Odili and other men
of goodwill should stand
and work for revival of the
country.
Chairman of the occasion,
Justice Abdulahi said Odili
has created a place for
himself in the history of
Nigeria.