President Bola Ahmed Tinubu has promised that Nigerians would soon enjoy the benefits of the “tough but yet necessary decisions” of his administration.
The president made the promise on Tuesday at the State House during a meeting with the South-South Monarchs Forum, led by His Royal Majesty, Major-General Felix Mujakperuo (Rtd), Chairman of the Delta State Council of Traditional Rulers, and Vice-Chairman of the South-South Monarchs Forum.
He commended the monarchs for their understanding approach to his administration’s ongoing economic reforms, particularly the removal of the fuel subsidy.
President Tinubu assured the traditional rulers in the South-South geopolitical zone that his administration was committed to addressing their concerns over development and environmental degradation.
The president told the royal fathers that his administration was working, both domestically and internationally, to strengthen Nigeria’s durability and approach to climate change, environmental restoration, infrastructure development, all while ensuring security and stability in the region.
We are working to revive the economy from the damage of several years. We seek your support, prayers, and understanding, and I am glad that the Vice-Chairman of the Forum served in an organization where we need intelligence to operate.”
You (the traditional institution) will be the source of the intelligence we need for the holistic development of our country, and anytime you need to tell us something, do not hesitate to reach out to this office. I will take on all of your concerns, and I will address each of them one by one.
”We cannot underestimate your contributions to the peace and stability of this country. Continue to uphold us in your prayers and in talking to our youths to keep faith with the country because light is already visible at the end of the tunnel,” the President said in a statement by his spokeman, Ajuri Ngelale.
In his remarks, His Royal Majesty, Major-General Mujakperuo appealed to President Tinubu to follow up on all developmental efforts in the region to be sure that progress is tangible to the people.
“Mr. President, you know the problems of our region as an expert with experience in the energy industry. We see you working hard to solve our problems, and we are comforted that you have pledged to take on our concerns and bring a final solution to them,” the South-South Monarchs Forum Vice-Chairman said.
Meanwhile, the Federation Account Allocation Committee (FAAC) has shared a total of N1.1 trillion December 2023 allocation to the Federal Government, States and Local Government councils.
This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting for January 2024, a statement by the Director of Press and Public Relations under the Office of the Accountant General of the Federation, Bawa Mokwa, said Tuesday.
The meeting was reportedly chaired by the Accountant General of the Federation, Dr. Oluwatoyin Madein.
The N1,127.408 billion total distributable revenue comprised distributable statutory revenue of N363.188 billion, distributable Value Added Tax (VAT) revenue of N458.622 billion, Electronic Money Transfer Levy (EMTL) revenue of N17.855 billion and Exchange Difference revenue of N287.743 billion.
Last December, the total deductions for cost of collection was N62.254 billion; total transfers, interventions and refunds was N484.568 billion.
The balance in the Excess Crude Account (ECA) for last month was put at $473,754.57
