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...
Yaqs-Venture Foot Tech: Crafting Nigeria’s Future One Step at a Time
In a world driven by innovation and cultural pride, Yaqs-Venture Foot Tech stands out as a shining example of how tradition, skill, and purpose can come together to create lasting impact. Based in Kaduna South Local Government Area of Kaduna State, Yaqs-Venture Foot Tech is an indigenous footwear and leather goods manufacturer committed to quality craftsmanship and youth empowerment.
Registered with both the Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), this proudly Nigerian company is redefining the standards of leather goods production in the country.
What We Do
Yaqs-Venture Foot Tech specializes in the production of:
Military boots
Casual and corporate shoes
Sandals
Leather bags
Belts
Wallets
Other leather accessories
Beyond manufacturing, we are also passionate about skills development. Our competency-based training model provides practical, hands-on learning opportunities for youth and women, preparing them for sustainable careers in the leather industry.
Driven by Purpose
Our mission is clear:
To create a modern, reputable brand in leather goods production while instilling standardized, high-quality skills in our trainees—ensuring they succeed both technically and economically.
With a strong foundation laid by the company’s founder, we envision becoming Nigeria’s leading force in the leather goods sector, pushing boundaries and raising the bar for quality, training, and innovation.
About the Founder: Yaqub Nasirudeen
With over 30 years of hands-on experience, Yaqub Nasirudeen brings unmatched expertise to Nigeria’s leather space. Beginning his journey as a young apprentice in the early 1990s, he went on to study Footwear Manufacturing at the Federal College of Chemical and Leather Technology (CHELTECH), Zaria—now known as NILEST.
His strength lies in pattern creation and finishing, giving him an edge in designing unique leather products. Yaqub has trained hundreds of youth and women, especially during his time as a lead trainer under the MAFITA Program (funded by DFID, UKAID, and Adam Smith International), which equipped over 5,000 individuals across northern Nigeria.
National Recognition and Impact
Yaqub Nasirudeen’s leadership earned him the position of President of the Arewa Footwear and Leather Manufacturers Association (AFLEMA) in 2018. Under his tenure, he successfully:
Trained over 700 artisans across Kaduna State
Chaired key MAFITA initiatives including Apprenticeship Management Committee and Gender and Business (GAB)
Served as Master Trainer for the National Directorate of Employment (NDE) across six Nigerian states
Contributed to the development of Nigeria’s National Leather and Leather Products Policy, endorsed by Vice President Yemi Osinbajo
His role in fostering entrepreneurship, especially among women and underserved communities, has earned him widespread recognition from both local and international partners.
Our Commitment to Nigeria
Yaqs-Venture Foot Tech is not just a brand—it’s a movement. We are committed to:
Promoting local content and manufacturing
Reducing unemployment through skills training
Supporting MSMEs with technical know-how
Expanding Nigeria’s footprint in the global leather market
Our ultimate goal is to create a sustainable leather ecosystem that empowers artisans, strengthens the economy, and builds a new generation of African creators.
Get in Touch
We invite partners, customers, donors, and development organizations to connect with us and support our vision.
Address:
No LA ½ Sheikh Abubakar Gumi Road, Kinkinau GRA, U/Muazu, Kaduna State
Phone:
+234 706 570 0433
+234 809 703 8075
Emails:
Social Media:
Instagram: @yaqubnasirudeen
Twitter: @nasirudeenyaqub
Yaqs-Venture Foot Tech is more than a company. It’s a symbol of hope, hard work, and homegrown talent. Whether you want to purchase premium leather products or partner in skills development, we are ready to walk the journey with you—step by step.
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