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...
Hello everyone and to all the entrepreneurs in the house, I am specially inviting everyone to a FREE ONLINE WORKSHOP TONIGHT 9PM.
TOPIC: STRATEGIC COLLABORATION; The winning Tool For Entrepreneurs.
In this present economy, there has been much pressure on businesses and the environment has not been favorable for businesses. Due to this fact, most companies both private and public in Nigeria are shutting down. Almost all companies currently are striving to survive. Many have greatly downsized their workforce in the bid to manage their operations to the capacity they can in this present turbulent economy.
While many could still be of the opinion that the economy is healthy, the economic happenings and the felt effect of this nose-diving economy is everywhere. Most policies are now anti to economic health and wellness of businesses in Nigeria especially tax policies.
Entrepreneurs like never before in business history, need to understand and apply in full the principle of strategic collaboration as a way forward. Every business has its own unique strengths and weaknesses. The essence of the strategic collaboration is to analyze our the strengths and weaknesses with the mind of highlighting possible areas businesses can assist each for the purpose of growth, stability, continuity , profitability and excellence among others.
The benefits of strategic collaboration is quite enormous. Just like the saying goes, two are better than one. Strategic collaborations provide a favorable platform for shared risks, better leadership, improved quality of products and/or service, increase in the organizations’ bottomline, profitable networking, winning the competition and having greater market share with less resources among others.
To this, we shall be having a session by 9pm tonight on Strategic Collaboration; the winning tool for entrepreneurs.
Your contributions will be highly appreciated.
Join us by then and invite a friend through this link: https://t.me/iipmnigeria.
Best regards,
LAF Team
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