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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

  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...

ECOWAS Admits Burkina Faso, Mali and Niger as Non-Members of GIABA

📣 PUBLICATION: ECOWAS Admits Burkina Faso, Mali and Niger as Non-Members of GIABA

Abuja, 26 December 2025 — In a significant development for regional cooperation in West Africa and the Sahel, the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS) has approved the admission of Burkina Faso, Mali, and Niger as non-ECOWAS member states of the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA). (Graphic Online)

The decision was taken during the 68th Ordinary Session of the ECOWAS Authority, held in Abuja, under the leadership of Sierra Leone’s President, Julius Maada Bio, who currently chairs the Authority. (MyJoyOnline)

Although Burkina Faso, Mali, and Niger formally withdrew from ECOWAS earlier this year, following political transitions and the establishment of the Alliance of Sahel States (AES), the bloc has agreed to integrate the three Sahelian countries into GIABA’s regional anti-money-laundering and counter-terrorist financing framework as non-members. (MyJoyOnline)

Regional Cooperation on Financial Crime and Security

GIABA — a specialized institution of ECOWAS — plays a central role in the fight against money laundering, terrorist financing, and proliferation financing across West Africa. ECOWAS’s recent decision allows Burkina Faso, Mali, and Niger to participate in and benefit from GIABA’s programmes, trainings, and compliance mechanisms, subject to their political commitment to implement the obligations required of GIABA members. (MyJoyOnline)

The admission is conditional on these countries closing gaps in their legal and regulatory frameworks for anti-money laundering (AML), counter-terrorist financing (CFT), and counter-proliferation financing (CPF), and on full cooperation with all compliance requirements under the GIABA statute. (Graphic Online)

Background and Strategic Significance

Burkina Faso, Mali, and Niger officially exited ECOWAS on 29 January 2025, after a prolonged political standoff with the regional bloc following successive military coups and disagreements over governance and security policies. Despite withdrawal, ECOWAS maintained that doors remained open for continued cooperation in areas of mutual interest. (MyJoyOnline)

Under GIABA’s framework, non-ECOWAS members — such as São Tomé and Príncipe and the Union of Comoros — already participate in shared efforts to tackle illicit financial flows and strengthen regional resilience. The inclusion of the three Sahelian states expands this cooperation footprint. (MyJoyOnline)

Reactions and Next Steps

ECOWAS officials described the decision as a pragmatic step toward maintaining essential regional collaboration on security and financial integrity, even as political alignments evolve in West Africa. Analysts note that integrating the Sahelian trio into GIABA helps bridge cooperation gaps, especially given the persistent challenges of terrorism, illicit finance, and cross-border insecurity affecting the wider region. (tralac.org)

Political observers also see the move as part of ECOWAS’s broader strategy to retain constructive ties with neighbouring states, with commitments to cooperation on mutual interests despite their new non-member status within the bloc. (tralac.org)


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