ATIKU APOLOGIZES TO NIGERIAN TEACHERS, CITING 'FAILED LEADERSHIP' AMID ECONOMIC HARDSHIP. (PHOTO).

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 Atiku Apologizes to Nigerian Teachers, Citing 'Failed Leadership' Amid Economic Hardship Abuja, Nigeria - Former Vice President and Presidential Candidate of the African Democratic Congress, Atiku Abubakar, has issued a heartfelt apology to Nigerian teachers, attributing their current economic plight to what he described as the 'failed leadership' of the nation. In a statement released on Monday by his spokesperson, Abubakar expressed deep concern over the escalating cost of living, which he stated is severely hindering teachers' ability to provide for their families and effectively carry out their crucial educational duties. Abubakar, a staunch advocate for education, took a moment to laud the immense sacrifices made by Nigerian educators. Reflecting on his own formative years, he shared a personal connection to the teaching profession. "Of course, I appreciate Nigerian teachers. I am a product of their work and the education I received in their classrooms,...
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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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