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...
Today's protests in Nigeria have escalated significantly, marking the third day of nationwide demonstrations against the rising cost of living and perceived government inaction. The protests, branded #EndBadGovernance, have seen large gatherings in cities like Abuja, Lagos, and Port Harcourt.
In Abuja, protesters attempted to gather at the Moshood Abiola Stadium following a court order that restricted their assembly to this location. Despite this, police used tear gas and gunfire to disperse the crowds, arresting numerous individuals, including some journalists who were later released. Reports suggest that at least 681 individuals were arrested for various offenses, with authorities claiming the recovery of weapons from some protesters【6†source】【7†source】.
The demonstrations have been marked by significant tension and violence. In Lagos, protesters blocked roads and faced off with security forces, while similar scenes unfolded in other parts of the country. The protests have highlighted widespread discontent over economic hardships, including the removal of fuel subsidies, which has dramatically increased living costs【8†source】.
The response from the government and security forces has been severe, with accusations of excessive force and the deliberate targeting of protesters. Rights groups have expressed concern over the government's readiness to stifle dissent, fearing a repeat of past violent crackdowns on demonstrations in Nigeria【7†source】【8†source】.
The situation remains fluid, with ongoing calls for the government to address the protesters' demands and for a more measured response from security forces to avoid further escalation and potential loss of life.
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