TRUMP ANNOUNCES HAMAS DISARMAMENT AND ISRAELI TROOP WITHDRAWAL AGREEMENT UNDER GAZA CEASEFIRE PLAN. (PHOTO).

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 Trump announces Hamas disarmament and Israeli troop withdrawal agreement under Gaza ceasefire plan   President Donald Trump announced Thursday that Hamas has agreed to a plan to disarm and that Israel will withdraw its forces from Gaza as part of a U.S.-backed ceasefire framework. Trump described the agreement as a major step toward creating a new Palestinian government in Gaza that would work with the newly established Board of Peace to oversee the next stages of the plan. The president said the agreement would also provide Israel with increased security by preventing Gaza from being used as a launching point for future attacks. Details of the agreement were limited, and neither Israel nor Hamas immediately released statements responding to Trump’s announcement. The Board of Peace said Hamas had agreed to a roadmap for moving forward with the next phases of the ceasefire after months of negotiations. The group said the plan includes Hamas giving up its weapons, followed by a...
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FAAC SHARES N2.103TR TO FG, STATES, LGAS FOR SEPTEMBER 2025.(PHOTO).

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 FAAC shares N2.103tr to FG, States, LGAs for September 2025


A total of N2.103 trillion has been shared to the Federal, States, and Local Governments from the Federation Account Revenue generated in September 2025.

The allocation was at the October 2025 meeting of the Federation Account Allocation Committee (FAAC) in Abuja.

According to a communiqué at the end of the meeting, the N2.103 trillion total distributable revenue comprised N1.239 trillion from statutory revenue, N812.593 billion from Value Added Tax (VAT), and N51.684 billion from the Electronic Money Transfer Levy (EMTL).

The communiqué stated that the total gross revenue available in September 2025 was N3.054 trillion.

From this amount, N116.149 billion was deducted as the cost of collection while N835.005 billion was set aside for transfers, interventions, refunds and savings.

It added that the gross statutory revenue for September 2025 stood at N2.128 trillion, which was N710.134 billion lower than the N2.838 trillion recorded in August 2025.

In contrast, gross revenue from VAT amounted to N872.630 billion, showing an increase of N150.011 billion compared to the N722.619 billion generated in August 2025.

FAAC distributes record N2tr revenue to federal, state, local govtsFrom the N2.103 trillion total distributable revenue, the communiqué disclosed that the Federal Government received N711.314 billion, while the State Governments received N727.170 billion. The Local Government Councils got N529.954 billion, and N134.956 billion, representing 13 percent of mineral revenue, was allocated to oil-producing states as derivation revenue.

Giving further details, FAAC stated that from the N1.239 trillion distributable statutory revenue, the Federal Government received N581.672 billion, the States received N295.032 billion, and the Local Governments got N227.457 billion. The sum of N134.956 billion was shared to the oil-producing states as derivation revenue.

From the N812.593 billion distributable VAT revenue, the Federal Government received N121.889 billion, the States received N406.297 billion, and the Local Governments received N284.408 billion.

In the distribution of the N51.684 billion EMTL revenue, the Federal Government received N7.753 billion, the State Governments received N25.842 billion, and the Local Government Councils received N18.089 billion.

The communiqué also noted that in September 2025, revenue from Import Duty, VAT, and EMTL increased significantly, while revenue from Companies Income Tax (CIT) and Common External Tariff (CET) levies declined. It added that Petroleum Profit Tax (PPT) recorded a marginal increase, while Oil and Gas Royalty and Excise Duty declined slightly.

The Federation Account Allocation Committee meeting was attended by representatives of the Federal Ministry of Finance, the Office of the Accountant-General of the Federation, the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), the Nigeria Customs Service (NCS), and representatives of State Commissioners for Finance and State Accountants-General.

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