AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.
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TAIWO OYEDELE PRESIDES OVER FAAC, SHARES RECORD ₦2.036 TRILLION FOR MARCH 2026 SECOND TIME IN 2026 DISBURSEMENTS TOP ₦2 TRILLION MARK.(PHOTO).

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 Taiwo Oyedele Presides Over FAAC, Shares Record ₦2.036 Trillion for March 2026 Second Time in 2026 Disbursements Top ₦2 Trillion Mark.


Incoming Coordinating Minister of the Economy, Taiwo Oyedele, chaired his first FAAC meeting in his new ministerial role, overseeing the allocation of ₦2.036 trillion in Federation Account revenue for March 2026.


This marks the second time this year that FAAC disbursements to the federal, state, and local governments have exceeded the ₦2 trillion threshold.


Key Figures from the Meeting:


Total distributable revenue: ₦2.036 trillion


Distributable statutory revenue: ₦1.320 trillion


Distributable VAT revenue: ₦515.391 billion


Augmentation: ₦200 billion


Gross revenue inflow for March: ₦2.364 trillion


Cost of collection: ₦81.084 billion


Transfers, refunds, and savings: ₦246.872 billion


Breakdown of the ₦2.036 Trillion Allocation:

Federal Government: ₦789.159 billion

State governments: ₦657.596 billion

Local government councils: ₦468.826 billion

Derivation (13% to oil-producing states): ₦120.759 billion


Statutory Revenue Component (₦1.320 trillion):

Federal: ₦632.260 billion

States: ₦320.691 billion

Local governments: ₦247.239 billion

Derivation: ₦120.759 billion


VAT Component (₦515.391 billion):

Federal: ₦51.539 billion

States: ₦283.465 billion

Local governments: ₦180.387 billion


Augmentation (₦200 billion):

Federal: ₦105.360 billion

States: ₦53.440 billion

Local governments: ₦41.200 billion


The distribution details were provided in a statement from the Office of the Accountant General of the Federation, signed by Bawa Mokwa, the Director of Press and Public Relations.

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