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...
Call for Applications: SMEs Conditional Grant Scheme Now Open to Empower Local Entrepreneurs and Community Builders
Call for Applications: SMEs Conditional Grant Scheme Now Open to Empower Local Entrepreneurs and Community Builders Date: July 4, 2025 Location: 36 State including FCT, Abuja Issued by Ogbemudia Rural Care Foundation. The Ogbemudia Rural Care Foundation is pleased to announce the official opening of the SMEs Conditional Grant Scheme (SCGS) , a targeted funding opportunity designed to empower small business owners, women entrepreneurs, artisans, youth-led enterprises, and community-based organizations across Nigeria. This initiative aligns with Ogbemudia's commitment to inclusive economic growth, sustainable community development , and grassroots empowerment through direct financial support, training, and business development services. About the Conditional Grant The Ogbemudia Rural Care Grant is a non-repayable financial support awarded to qualified applicants who meet the outlined criteria and agree to certain developmen...