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...
Hybridteck Global Business Consult
Are you an artisan or small-to-medium-sized business owner ready to take your business to the next level? The HybridTeck Artisan and MSMEs Business Incubation Program is here to provide you with the comprehensive support you need to thrive and expand. This unique program is designed for passionate entrepreneurs who want access to funding, mentorship, market opportunities, financial resources, product export, business promotion, and crowdfunding support.
What You Get in the HybridTeck Incubation Program:
1. Access to Funding: We understand that access to capital is crucial for growing a business. Our program offers tailored funding options to help you secure the resources you need to expand and innovate.
2. Mentorship: Learn from industry experts and seasoned entrepreneurs who will guide you through best practices and help you navigate challenges. With dedicated mentors, you can avoid common pitfalls and grow with confidence.
3. Market Access: We open doors to new markets for your products, both locally and internationally. This includes opportunities for product exports, expanding your customer base, and increasing your revenue potential.
4. Financial Management and Support: Receive support in managing your finances, with training on budgeting, accounting, and optimizing cash flow, so you can make informed decisions that drive sustainable growth.
5. Business Promotion: Gain visibility and recognition for your business through our promotional channels, including social media, newsletters, and events. We help you build your brand and connect with new customers.
6. Crowdfunding Opportunities: Members who actively contribute will have access to crowdfunding credit, empowering them to leverage community support to fuel their projects.
To join our HybridTeck Artisan and MSMEs Business Incubation Community, members contribute an enrollment fee of NGN150,000. This investment grants you access to an extensive network of resources, training, and funding that can transform your business journey.
If you’re ready to grow and innovate, don’t miss this opportunity to become part of the HybridTeck Artisan and MSMEs Incubation Program. Join a community committed to your success and connect with like-minded business owners ready to make a difference in their fields.
Welcome to Hybridteck Global Business Consult!
Members Benefits
- Get Business Funding.
- Business Networking
- Digital Marketing
- Business Promotion for Members
- Training
- Startup Opportunities
- E commerce
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