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...
The Christmas They Never Expected In the small, quiet village of Umuofia, the Eze family was known for their kind hearts despite their hardships. Chike and Amara, parents to three children—Ada, Ife, and little Nkem—worked tirelessly to make ends meet. Chike was a subsistence farmer, while Amara wove mats to sell at the village market. Their income barely provided for food and shelter, leaving no room for luxuries. As Christmas approached, the air was filled with the aroma of freshly baked bread and roasted meat from wealthier homes. The children in the village chatted excitedly about new clothes and gifts, but in the Eze household, the holiday was just another day to survive . One evening, while the family sat around a dim lantern eating a simple meal of yam and palm oil, Nkem, their youngest, asked innocently, "Mama, will Santa come to our house this year?" Amara's heart broke as she looked at her son. "Santa visits those who believe in love and kindness, my son...