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...
FGN Unveils ₦50 Billion Green Bond to Deepen Climate Financing and Spur Sustainability Projects
In a significant move to advance climate action and accelerate the nation’s transition to a green economy, the Federal Government of Nigeria (FGN) has officially launched a ₦50 billion Green Bond initiative. This marks a bold step toward strengthening Nigeria’s climate finance architecture while empowering both public and private sector stakeholders to invest in sustainable development.
The announcement, made by the Minister of Environment in collaboration with the Debt Management Office (DMO) and the Securities and Exchange Commission (SEC), highlights the government's commitment to decarbonizing key sectors such as energy, agriculture, transportation, and infrastructure through climate-smart projects.
This new round of green financing builds on the success of Nigeria’s earlier green bond issuances—making the country the first in Africa and the fourth globally to issue a sovereign green bond.
🌍 Impact of the ₦50 Billion Green Bond
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Accelerated Climate Projects: The funds will be channeled into renewable energy installations, forest regeneration, waste-to-energy systems, flood control infrastructure, and low-carbon transport systems.
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Green Jobs Creation: Thousands of green jobs are expected to emerge across sectors like solar energy, agroforestry, and eco-friendly manufacturing.
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Private Sector Participation: The bond provides an investment platform for businesses and high-net-worth individuals committed to ESG (Environmental, Social, and Governance) goals.
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Support for SMEs and Local Innovators: Climate-smart startups and sustainability-focused MSMEs can access funds for projects aligned with national climate targets.
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Increased Investor Confidence: The bond will strengthen Nigeria’s profile in global green finance markets and attract foreign direct investment (FDI) from climate-focused development partners.
💡 Who Can Apply and Benefit?
The Green Bond targets:
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State governments and MDAs (for eco-infrastructure)
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Private sector companies (especially those in renewable energy, climate-tech, agriculture, and transport)
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Startups and NGOs working on climate innovation
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Academic institutions with research-based sustainability projects
📌 How to Apply / Access Green Bond Funds:
Step 1: Identify Eligible Projects
Applicants must propose a project aligned with Nigeria’s Green Bond Framework and the Nationally Determined Contributions (NDCs). Examples include:
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Renewable energy (solar, hydro)
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Climate-smart agriculture
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Sustainable waste management
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Afforestation and biodiversity protection
Step 2: Prepare Documentation
You’ll need:
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A comprehensive project proposal
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Business registration documents
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Environmental Impact Assessment (EIA) (if applicable)
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Financial projections
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Letter of interest or partnership (for NGOs/CSOs)
Step 3: Submit Application Through Approved Channels
Applications will be managed by:
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Debt Management Office (DMO)
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Securities and Exchange Commission (SEC)
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Participating financial institutions and capital market intermediaries
Official announcements and detailed guidelines are expected to be posted on:
👉 https://www.dmo.gov.ng
👉 https://www.sec.gov.ng
Step 4: Review and Approval
Projects will be evaluated based on environmental impact, feasibility, and alignment with national green goals.
Step 5: Disbursement and Monitoring
Approved applicants will receive funding under strict monitoring conditions, with progress reports required to ensure transparency.
🔑 Why This Matters
The ₦50 billion Green Bond isn't just a funding instrument—it’s a national blueprint for climate resilience, economic sustainability, and intergenerational equity. As Nigeria races toward its net-zero emissions goal by 2060, this bond is a catalytic tool to align finance with the future.
Ready to turn your climate idea into a funded solution?
Now is the time to act. Whether you're an innovator, entrepreneur, policymaker, or academic—Nigeria’s Green Bond offers you the chance to make a lasting environmental impact.
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