FAAC: Three Tiers of Government Share ₦2.550 Trillion as June 2026 Revenue; States and LGAs Receive Over ₦1.36 Trillion The Federation Account Allocation Committee (FAAC) has distributed a total of ₦2.551 trillion as Federation Account revenue for June 2026 to the Federal Government, the 36 state governments, and the 774 Local Government Councils across Nigeria. The allocation was approved during the FAAC meeting held in July 2026 in Abuja and chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy. The meeting was attended by the Accountant-General of the Federation, State Commissioners of Finance, and other members of the committee. ( FMINFO ) Breakdown of the Revenue Distribution The total distributable revenue of ₦2.551 trillion comprised: ₦1.810 trillion from Statutory Revenue. ₦740.724 billion from Value Added Tax (VAT). ( FMINFO ) Statutory Revenue Allocation From the statutory revenue: Federal Government: ₦849.366 billion State Govern...
. How to Apply for Free CAC Registration Under the Federal Government's 250,000 MSME Programme Published by Hybridteck Global Business Consult The Federal Government of Nigeria has launched a nationwide initiative to support Micro, Small, and Medium Enterprises (MSMEs) by providing free Corporate Affairs Commission (CAC) business registration for 250,000 eligible businesses across the country. This programme is designed to formalize small businesses, improve access to finance, and enable entrepreneurs to benefit from government grants, loans, training, and other business support initiatives. If you are an entrepreneur, artisan, startup founder, trader, or small business owner, this is an excellent opportunity to register your business at no cost. What Is the Free CAC Registration Programme? The initiative is part of the Federal Government's efforts to strengthen Nigeria's MSME sector by helping informal businesses become legally registered. Successful applicants will rece...