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Showing posts from November, 2024

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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

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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 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...
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Artisan and MSMEs Incubation Program & Summit 3rd December 2024

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Upcoming Artisan and MSMEs Incubation Program & Summit Date: December 3, 2024   Time:9:00 AM   Venue: 59 Edo Innovation Hub, Wire Road, Benin City, Edo State, Nigeria The Artisan and MSMEs Incubation Program & Summit, a landmark event for entrepreneurs, artisans, and MSMEs, will bring together Nigeria’s top institutions in business growth and development, including the Bank of Industry (BOI), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), EdoJobs, GIZ, Nigerian Export Promotion Council, ECF Micro Finance Ltd., and representatives from various trade associations. This summit is a must-attend event for business owners, aspiring entrepreneurs, and artisans looking to scale their businesses or launch new ventures. What Attendees Will Gain : 1. Expert Insights and Resources : Gain access to the tools and resources that will enable you to improve your business strategies, increase productivity, and access funding and markets. 2 . Vocational Tr...
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HybridTeck Membership

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Project Manager Hybridteck Global Business Consult   Join our Artisan and Business Membership Join the HybridTeck Artisan and MSMEs Incubation Program: Empowering Your Business Journey 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...
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Senator Monday Okpebholo Edo state Government and the Freezing of Edo State Government Accounts – Analyzing the Implications

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Senator Monday Okpebholo  Edo state Government and the Freezing of Edo State Government Accounts – Analyzing the Implications In recent weeks, Edo State has been at the center of a significant financial and political debate due to the freezing of the state government’s accounts. This unprecedented development has drawn both local and national attention, particularly focusing on the actions and stance of Senator Monday, one of Edo State’s prominent political figures. As citizens and observers analyze the broader consequences, it’s essential to understand the motivations, implications, and potential outcomes of this measure on the state’s governance, economy, and public services. Background of the Account Freezing The freezing of Edo State’s government accounts is the result of legal proceedings surrounding alleged financial irregularities, budgetary misallocations, or other potentially contentious financial management decisions. Freezing a government’s accounts is a rare...
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