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Nigeria News (Standard)

FAAC Shares ₦2.3trn May Revenue as Nigerians Decry Heavy VAT Burden on Goods

Consumers question impact of increased federal allocations while many feel rising taxes on everyday purchases

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Consumers question impact of increased federal allocations while many feel rising taxes on everyday purchases

The Federation Account Allocation Committee (FAAC) has distributed a record ₦2.3 trillion among the Federal Government, state governments and local government councils for May 2026, prompting fresh debate among citizens in Lagos and across Nigeria over how these funds are being used. The disbursement, which represents an increase from the ₦2.26 trillion shared in April, was announced by FAAC in Abuja on Tuesday.

According to the committee’s communiqué, the revenue comprised ₦1.611 trillion from statutory sources and ₦688.8 billion generated through Value Added Tax (VAT). Gross revenue for the month reached ₦3.395 trillion, with ₦123.5 billion deducted as collection costs and ₦971.6 billion earmarked for transfers, interventions and refunds.

Despite the higher allocation, many Nigerians took to social media to express frustration over what they described as a lack of visible improvement in infrastructure, healthcare or public welfare at the grassroots level. One Lagos-based consumer shared that he paid over ₦300,000 in VAT alone when buying electronic appliances recently, using his experience to highlight concerns about the burden of Nigeria’s 7.5% VAT on basic goods.

FAAC disclosed that while statutory revenue increased significantly in May to ₦2.651 trillion from ₦2.378 trillion in April, VAT earnings actually dropped from ₦806.6 billion to ₦743.7 billion within the same period. The committee also noted that collections from Companies Income Tax (CIT), Capital Gains Tax (CGT), Stamp Duties, Petroleum Profit Tax (PPT), Hydrocarbon Tax and Oil and Gas Royalties all saw notable increases during the month, but Import Duty, Excise Duty and CET Levies declined.

From the latest allocation, the Federal Government received ₦818.7 billion; states got ₦759.1 billion; local government councils received ₦534.3 billion; while oil-producing states were given an additional ₦188.1 billion under the 13% derivation formula.

Reactions online captured a growing sense of disillusionment among ordinary Nigerians regarding how public resources are managed and spent at all levels of government. One user wrote: “₦2.3 trillion was shared in one month and ordinary Nigerians are still asking where the impact is.” Others called for greater accountability not only from federal authorities but also from state and local governments responsible for delivering essential services.

As at press time, government officials had yet to respond directly to these concerns but have previously stated that revenue allocations are meant to fund ongoing projects and address fiscal challenges across sectors including education, health and security.

Source: https://www.pulse.ng/story/i-paid-over-naira300000-vat-alone-on-electronics-nigerian-man-reacts-as-faac-shares-naira23-trillion-may-revenue-2026061810251080302

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Nigeria News (Standard)

NSCIA Expands National Executive Council to Strengthen Muslim Representation Nationwide

Islamic council increases leadership body size, aims for broader inclusion of stakeholders across Nigeria’s six geopolitical zones

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Islamic council increases leadership body size, aims for broader inclusion of stakeholders across Nigeria’s six geopolitical zones

The Nigerian Supreme Council for Islamic Affairs (NSCIA) has announced the expansion of its National Executive Council, a move aimed at deepening representation and strengthening the council’s capacity to address Muslim affairs across Nigeria. The development was made public on Monday, 5 October 2026, following a meeting of top council officials in Abuja.

According to the statement released after the meeting, the NSCIA leadership resolved to increase the number of seats on its executive body. The council said this adjustment will allow for greater input from Muslim leaders and scholars from all six geopolitical zones, reflecting the diverse interests and challenges faced by Nigeria’s Muslim community.

The decision comes at a time when many stakeholders in the Islamic community have called for more inclusive governance structures within faith-based organisations. The council noted that as Nigeria’s Muslim population continues to grow and diversify, it is critical that leadership bodies remain responsive to changing realities. The expanded executive is expected to facilitate improved consultation and coordination on religious matters affecting education, social welfare, and interfaith relations.

In its official statement, the NSCIA emphasised that “the expansion will enhance collaboration among stakeholders and ensure that voices from every region are properly represented.” While no specific figures were disclosed regarding the number of new seats or names of new appointees, the council assured members that transparency and merit would guide all selections. Attempts to reach opposition or dissenting voices within the council were unsuccessful as at press time.

The NSCIA said it will release a full list of new executive council members following its next general assembly. Observers say this move could influence policy directions within Nigeria’s wider religious landscape over the coming months.

Source: https://www.premiumtimesng.com/news/more-news/914524-nscia-expands-its-national-executive-council.html

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Nigeria News (Standard)

Lagos Tenant Discovers Landlord’s Father Buried Beneath Living Room After Over a Year

Landlord’s family exhumes remains in Surulere flat, pledges to repair sitting room after tenant expresses shock

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Landlord’s family exhumes remains in Surulere flat, pledges to repair sitting room after tenant expresses shock

A Lagos tenant, identified as Mr Bachelor, has revealed he lived for more than a year in a Surulere apartment without knowing his landlord’s late father was buried beneath the living room floor. The discovery was made on September 20, 2026, when members of the landlord’s family visited the property and informed the tenant of their intention to exhume the remains.

According to Mr Bachelor, who shared details of the incident on X (formerly Twitter), he was in his apartment when the landlord’s relatives arrived and disclosed that their late brother—who is also the landlord’s father—had been buried in the middle of his sitting room. “He was buried right in my living room, and I was not aware until they came around today,” he stated.

The family explained that they planned to move the body to another location they had prepared and assured Mr Bachelor that necessary repairs would be made to his sitting room after the exhumation. The tenant noted that he was the first occupant of the newly built house and had spent over a year there before learning about the burial.

The incident has raised fresh concerns among Lagos residents about transparency from landlords regarding property histories. Some social media users responding to Mr Bachelor’s post urged prospective tenants across Nigeria to conduct due diligence before moving into rental properties. Others called for clearer regulations around residential burials and disclosure by property owners.

As at press time, neither local authorities nor tenants’ rights groups have issued official statements on the matter. The landlord’s family has not provided additional comments beyond assurances of repairs. The situation highlights ongoing gaps in property regulation and tenant protection in Lagos State.

Source: https://www.pulse.ng/story/man-discovers-corpse-buried-under-living-room-2026100506463406930

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Nigeria News (Standard)

INEC to Address Nigerians Nationwide as 2027 Election Countdown Reaches 100 Days

Electoral commission prepares public statement amid growing anticipation for next general polls across all states

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Electoral commission prepares public statement amid growing anticipation for next general polls across all states

The Independent National Electoral Commission (INEC) has announced plans to address Nigerians nationwide as the countdown to the 2027 general elections hits the 100-day mark. The development, expected to take place across all states, comes as political parties and voters begin preparations for one of the country’s most significant democratic exercises.

According to information from INEC headquarters in Abuja, the commission will issue a formal statement to outline its readiness and call on citizens to participate actively in the electoral process. This move is seen as part of efforts to assure stakeholders of INEC’s commitment to credible and transparent polls, following widespread debates over electoral integrity in recent cycles.

The announcement is particularly significant given Nigeria’s recent history of tightly contested elections, with issues such as voter turnout, technological deployment, and security logistics taking centre stage. Many Nigerians, especially young voters, have expressed concerns about the credibility of past elections and are watching closely for signals of improvement in 2027.

While details of INEC’s planned address remain under wraps, observers expect the commission’s leadership to emphasise the importance of voter registration, collection of Permanent Voter Cards (PVCs), and adherence to election guidelines. Political analysts note that early communication from INEC could help build public confidence and encourage broader participation ahead of the polls.

With just over three months before Nigerians return to the ballot box, all eyes are on INEC’s next steps. The commission is likely to face scrutiny from both ruling and opposition parties over its preparations. As at Monday, October 5th, no official response has been issued by major political parties regarding INEC’s planned address.

Source: https://www.premiumtimesng.com/news/top-news/914520-2027-inec-to-address-nigerians-as-election-countdown-hits-100-days.html

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