Economy
FAAC: FG, States, LGCs Share N906bn In October
This is contained in a communique issued in Abuja after the FAAC retreat and meeting in Asaba.
The communique indicated that the N906.955 billion total distributable revenue comprised distributable statutory revenue of N305.070 billion, distributable Value Added Tax (VAT) revenue of N323.446 billion, and Electronic Money Transfer Levy (EMTL) revenue of N15.552 billion.
It also comprised Exchange Difference revenue of N202.887 billion and Augmentation of N60.000 billion.
The Communiqué said the total revenue of N1,346.519 trillion was available in the month of October 2023.
“Total deductions for cost of collection was N53.483 billion; total transfers, interventions, and refunds was N386.081 billion.
“Gross statutory revenue of N 660.090 billion was received for the month of October 2023. This was lower than the N1,014.953 billion received in the month of September 2023 by N354.863 billion.
“The gross revenue available from the Value Added Tax (VAT) was N347.343 billion. This was higher than the N303.550 billion available in the month of September 2023 by N43.793 billion,” the communique said.
It further said that from the N906.955 billion total distributable revenue, the Federal Government received a total of N323.355 billion, the state governments received N307.717 billion and the Local Government Councils (LGCs) received N225.209 billion.
“A total sum of N50.674 billion (13 percent of mineral revenue) was shared to the relevant states as derivation revenue.
“From the N305.070 billion distributable statutory revenue, the Federal Government received N147.574 billion, the state governments received N74.852 billion and the LGCs received N57.707 billion.
” The sum of N24.937 billion (13 percent of mineral revenue) was shared to the relevant states as derivation revenue.
“The Federal Government received N48.517 billion, the state governments received N161.723 billion and the LGCs received N113.206 billion from the N323.446 billion distributable VAT revenue.
“The N15.552 billion EMTL was shared as follows:
“The Federal Government received N2.333 billion, the state governments received N7.776 billion and the LGCs received N5.443 billion,” It said.
It said that the Federal Government received N93.323 billion from the N202.887 billion Exchange Difference revenue, while the state governments received N47.334 billion, and the LGCs received N36.493 billion.
“The sum of N25.737 billion (13 percent of mineral revenue) went to the relevant states as derivation revenue,” it said.
It explained that the augmentation of N60.000 billion was shared as follows:
“Federal Government received N31.608, the state governments received N16.032 billion and the LGCs received N 12.360 billion,” it said.
The communique said that Import Duty, Petroleum Profit Tax (PPT VAT, CET Levies, and EMTL increased significantly while Excise Duties and Companies Income Tax (CIT) recorded considerable decreases.
“Oil and Gas Royalties decreased marginally,” it said
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Economy
New Kano revenue boss pledges open drive
The newly appointed executive chairman, Kano State Internal Revenue Service (KIRS) Alhaji Bashir Maitama, has pledged to strengthen revenue generation through transparency, accountability, teamwork and innovation.
This is contained in a statement issued by the Head, Corporate Communications of KIRS, Aisha Maigiwa, on Tuesday in Kano.
The statement said the new chairman formally assumed office on Monday, July 20, 2026, following a handover ceremony from the Acting Executive Chairman, Mallam Muhammad Abba Aliyu.
Welcoming Maitama, Aliyu, who is also the Executive Director, Compliance and Enforcement Group, prayed for God’s guidance and wisdom for the new chairman.
He urged members of staff to give the new leadership maximum support and cooperation towards sustaining the growth of internally generated revenue in the state.
In his inaugural remarks, Maitama expressed gratitude to Almighty God for the opportunity to lead the agency, describing his assumption of office as a historic moment.
He appreciated Gov. Abba Kabir Yusuf for finding him worthy of the appointment, assuring the governor and people of Kano State of his commitment to delivering on the mandate entrusted to him.
The chairman said he was delighted to join a team of professionals who had contributed immensely to the progress of the Service.
He commended his predecessor for his efforts in strengthening KIRS, saying history would recognise his contributions to the development of the agency.
Maitama also appreciated the Service’s technical partner, Manam Professional Services, for its support towards the transformation of KIRS.
He described his appointment as a collective responsibility and called on management and staff to work together to achieve the objectives of the Service.
The new chairman assured workers of an open, transparent and inclusive leadership style anchored on accountability, teamwork and innovation.
He identified achieving revenue targets, expanding the tax net and deepening the state’s tax base as key priorities of his administration.
Maitama expressed confidence that the targets set for KIRS were achievable, urging staff to embrace creative ideas and innovative solutions in carrying out their responsibilities.
He added that his office would remain open to constructive suggestions and meaningful contributions from staff.
Also speaking, the Executive Director, Revenue Operations Group, Mallam Kassim Ismail, expressed confidence in Maitama’s ability to lead the Service to greater heights.
He pledged the support of his directorate towards achieving the mandate of KIRS.
The event ended with the formal handover of leadership from the Acting Executive Chairman to the newly appointed Executive Chairman.
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Economy
KIRS Commissions Compliance Office, Sets N68 Billion Revenue Target
The Kano State Internal Revenue Service (KIRS) on Tuesday commissioned a new Compliance and Enforcement Office as part of efforts to strengthen tax administration and boost internally generated revenue across the state.
Speaking at the inauguration ceremony in Kano, KIRS Executive Chairman, Dr. Zaid Abubakar, said the office marked a major milestone in the ongoing reforms within the agency.
Dr. Abubakar disclosed that the service initially set a revenue target of N35 billion for the year but has now raised expectations for the compliance and enforcement department to deliver as much as N68 billion.
He said the newly commissioned office would provide staff with a conducive working environment to enhance efficiency and productivity.
“This office is a key component of our service. Previously, the compliance and enforcement team operated from a container facility, but today they now have a befitting environment to work effectively,” he said.
The chairman commended Kano State Governor, Abba Kabir Yusuf, for supporting the agency’s reforms and modernization efforts.
“We thank Governor Yusuf for all the political support given to the service. We are also grateful to our technical partners whose contributions have been commendable,” he added.
Dr. Abubakar highlighted a series of infrastructural and technological upgrades by the agency, including the commissioning of the Gyadi-Gyadi Tax Centre and a new call centre to improve taxpayer engagement and service delivery.
He further announced that another tax office in Nassarawa would be commissioned within two weeks to oversee municipal tax operations in the area.
The chairman also noted improvements in operational equipment and digital infrastructure.
He revealed that before the current administration, the agency had only 60 computers, but this number has now increased to over 300.
“We are providing all the necessary equipment for effective service delivery. I urge every staff member to take their responsibilities seriously,” he said.
Dr. Abubakar added that the state government was considering improved welfare packages for revenue service staff, including plans to remove staff remuneration from the mainstream civil service structure and align it with better-performing agencies in states such as Lagos.
“The state governor is committed to improving the welfare package of workers so it can match what is obtainable in states like Lagos,” he said.
Also speaking at the event, Director of Revenue Compliance, Muhammad Abba Aliyu, described the commissioning as a major opportunity for staff. He urged workers to adopt a renewed attitude toward their duties and maximise the benefits of the improved working environment.
“This is a golden opportunity for the compliance and enforcement staff. I urge all members to change their attitude from today and double their efforts,” he said.
A representative of Mannan Professional Services, the agency’s technical partners, expressed appreciation for being part of the initiative and voiced confidence that the compliance team would utilise the facility effectively.
In his remarks, Kano State Commissioner of Finance, Dr. Aliyu Danmaraya, represented by Permanent Secretary Amina Yusuf Yargaya, commended the revenue service for its efforts to improve tax compliance and promote state development.
He noted that effective revenue generation remains a key strategy for sustainable economic growth and infrastructure development in Kano State.
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Economy
NEPC, KACCIMA trains SMEs, MSMEs in Kano to boost export readiness
The Nigeria Export Promotion Council (NEPC) says it is committed to building the capacity of Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs) to make them export-ready.
Hajiya Amina Abdulmalik, North West Regional Coordinator NEPC, stated this on Thursday in Kano at the Export Competency Development Workshop for SMEs and MSMEs.
She said the workshop was designed to prepare exporters with the knowledge and skills required to take their produce beyond the shores of Nigeria.
“The essence of organizing this workshop is to prepare our exporters, build their capacity, and make them ready to export. By the end of this workshop, I want to see more than half of the participants export-ready,” Abdulmalik said.
She explained that once exporters are able to formally export their products, Nigeria’s trade volume would increase, thereby contributing positively to the nation’s Gross Domestic Product (GDP).
According to her, support for exporters depends on the type of product being exported, stressing that working in clusters makes retention and assistance easier.
“A common center, perhaps with machinery, can help them process their products. It is not feasible to provide individual support, except through the Export Expansion Grant (EEG),” she said.
She added that exporters must formally export their products, repatriate proceeds, and maintain proper accounts to benefit from the EEG, which serves as a financial incentive.
Abdulmalik noted that NEPC had also provided certificates such as the Mandatory Development Certificate (MDE) and the Hazard Analysis and Critical Control Point (HACCP) certificate to participants, especially women.
“These certificates are essential for exporting to Europe and the United States. Without them, individuals would face significant costs, but through our support, many have been able to obtain them,” she said.
Earlier, Alhaji Nura Habib, Vice President of KACCIMA, said this at the Export Competency Development Workshop in Kano, describing the programme as an opportunity to reposition enterprises and compete beyond Nigeria’s borders.
He noted that access to markets begins with access to knowledge, stressing that the workshop would provide insights into procedures, standards, documentation and international expectations.
Habib commended the Nigerian Export Promotion Council (NEPC) for its dedication to promoting non-oil exports and pledged KACCIMA’s support in expanding Nigeria’s export base.
Speaking also, the Director-General of KACCIMA, Alhaji Tijani Abdullahi, said the workshop was designed to enlighten entrepreneurs on formal export processes and regulations.
“We organized this workshop to guide them on the procedures and rules required for effective export business,” he said, adding that many agribusiness operators in Kano were now conducting exports properly.
Sarki explained that KACCIMA provides information on goods required for export, registration processes and compliance with rules and regulations, noting that the initiative had already yielded positive results.
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