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FAAC: Three Tiers of Government Share ₦2.550 Trillion as June 2026 Revenue; States and LGAs Receive Over ₦1.36 Trillion

  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...

Olumide Osaigbovo Akpata, a governorship aspirant of the Labour Party, has outlined a comprehensive plan to develop Edo State if elected as Governor.


Olumide Osaigbovo Akpata, a governorship aspirant of the Labour Party, has outlined a comprehensive plan to develop Edo State if elected as Governor. His vision is centered on inclusive growth, sustainable development, and good governance to uplift the state and improve the lives of its residents.

### Key Developmental Plans:

1. **Education and Human Capital Development:**
   - **Quality Education:** Investment in educational infrastructure, teacher training, and curriculum development to ensure quality education at all levels. Emphasis on science, technology, engineering, and mathematics (STEM) education.
   - **Vocational Training and Skill Development:** Establishment of vocational training centers to equip youth with practical skills and promote entrepreneurship. Partnerships with industries to create apprenticeship programs and job placements.

2. **Healthcare Improvement:**
   - **Healthcare Infrastructure:** Upgrading and expanding healthcare facilities, including hospitals, clinics, and primary healthcare centers. Introduction of modern medical equipment and technologies.
   - **Health Programs:** Implementation of comprehensive health programs focusing on preventive care, maternal and child health, and disease control. Strengthening of health insurance schemes to ensure affordable healthcare for all residents.

3. **Economic Growth and Job Creation:**
   - **Agricultural Development:** Promotion of modern and sustainable farming techniques to increase agricultural productivity. Provision of resources such as high-quality seeds, fertilizers, and irrigation systems to farmers.
   - **Industrialization and SMEs:** Establishment of industrial parks and support for small and medium-sized enterprises (SMEs) to boost local manufacturing and create jobs. Attraction of investment through favorable policies and incentives.
   - **Tourism and Culture:** Development of tourism infrastructure and promotion of Edo State's cultural heritage to attract tourists and generate revenue.

4. **Infrastructure and Urban Development:**
   - **Transportation:** Improvement of road networks and public transportation systems to enhance connectivity within the state and with neighboring regions. Development of sustainable urban transport solutions.
   - **Energy and Water Supply:** Investment in renewable energy projects to ensure reliable electricity supply. Improvement of water supply and sanitation systems to provide clean water and proper waste management.

5. **Governance and Public Service:**
   - **Transparency and Accountability:** Implementation of good governance practices to ensure transparency, accountability, and efficiency in public service delivery. Strengthening of institutions to combat corruption and promote the rule of law.
   - **Citizen Engagement:** Encouragement of community participation in decision-making processes and development projects. Regular consultation with stakeholders to address their needs and concerns.

6. **Social Welfare and Security:**
   - **Social Programs:** Introduction of social welfare programs to support vulnerable groups, including women, children, and the elderly. Promotion of gender equality and empowerment.
   - **Security:** Strengthening of security infrastructure and collaboration with law enforcement agencies to ensure the safety and security of residents. Implementation of community policing initiatives to enhance local security.

### Expected Impact:

- **Economic Prosperity:** Increased investment, industrial growth, and job creation will boost the state’s economy and improve living standards.
- **Social Development:** Enhanced education, healthcare, and infrastructure will lead to a better quality of life for all residents.
- **Sustainable Development:** Focus on sustainable practices in agriculture, energy, and governance will ensure long-term benefits for the state.

Olumide Osaigbovo Akpata's plan aims to create a prosperous, inclusive, and sustainable Edo State, ensuring that all residents benefit from the state's development and growth.

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