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...
FG Launches Application for YEIDEP Grant 2025 Batch B — How Young Nigerians Can Apply for ₦50,000–₦500,000 Federal Grant
Report: FG Launches Application for YEIDEP Grant 2025 Batch B — How Young Nigerians Can Apply for ₦50,000–₦500,000 Federal Grant
The Federal Government of Nigeria, through the Federal Ministry of Youth Development (FMYD), has re-opened the Youth Economic Intervention and De-Radicalization Programme (YEIDEP) registration portal for Batch B applicants, offering young Nigerians the opportunity to access grants ranging from ₦50,000 to ₦500,000 to support entrepreneurship, business growth, and economic empowerment. (MSME Africa)
Overview of YEIDEP 2025
YEIDEP is a government-backed economic empowerment initiative designed to help Nigerian youths transition from job seekers to job creators by providing:
Non-repayable cash grants (₦50,000–₦500,000)
Entrepreneurship training and mentorship
Support for business scaling and start-ups
Benefits aimed at encouraging innovative projects, including agriculture, technology, and small enterprises. (MSME Africa)
The programme is also part of efforts to reduce youth unemployment and radicalisation through economic inclusion and productive engagement. (Legit.ng - Nigeria news.)
Who Is Eligible to Apply?
To be eligible for the YEIDEP grant, applicants must generally meet the following criteria:
✔ Be a Nigerian citizen
✔ Aged between 18 and 35 years
✔ Have a business idea or be running a small business
✔ Possess a valid National Identification Number (NIN) and Bank Verification Number (BVN)
✔ Willingness to attend training and mentorship activities if selected (Yeidepnews)
Note: Specific details, such as sector focus or additional conditions, may vary based on programme guidelines released by the Ministry. Always check official YEIDEP communications for updates. (MSME Africa)
Step-by-Step Guide: How to Register for YEIDEP Batch B (2025)
1. Visit the Official YEIDEP Portal
Go to the official registration website:
➡️ www.yeidep.org — This is the secure, government-linked portal for YEIDEP applications. (Yeidep)
2. Create an Account
Click on “Register” or “Sign Up”
Provide your email address, phone number, and set a password
Complete any prompts to confirm your account
Ensure your contact details are active — officials often send confirmation messages via SMS or email. (Yeidep)
3. Fill Out the Online Application Form
Once your account is active:
Enter personal information (full name, date of birth, address)
Upload your NIN and BVN details
Provide your business information or your business idea summary
Double-check all entries before submission
After submission, you will receive a reference code — make sure to save it for future tracking. (BANKIBUSINESS)
4. Submit and Confirm Registration
After you complete the form:
Click on “Submit”
You should receive a confirmation message by SMS or email
If selected for further processing, YEIDEP will contact you for verification and next steps (BANKIBUSINESS)
5. Watch Out for Shortlisting and Verification
Shortlisted applicants may be invited to:
Attend training sessions
Participate in business readiness assessments
Verify or update bank account details
The government will disburse funds directly into your verified bank account if you are successful. (BANKIBUSINESS)
Important Tips & Warnings
🚫 All legitimate YEIDEP services are free.
The government has warned applicants not to pay anyone for registration, verification, or faster processing — these are often scams. (Businessday NG)
✔ Use only the official portal (yeidep.org).
Bookmark it and avoid links from unverified social media ads.
✔ Keep personal details safe.
Only provide NIN/BVN on the official platform and avoid sharing your data on unofficial pages.
✔ Monitor official channels.
Updates on registration windows, verification, and disbursement are shared on official YEIDEP platforms and FMYD social media pages. (Businessday NG)
What Happens After Registration?
Once registration for Batch B is complete and verified:
✅ The programme will review applications and shortlist qualified youths
✅ Successful applicants will be contacted for verification and orientation
✅ Funds are disbursed directly into beneficiaries’ bank accounts
✅ Participants may be enrolled in training and business development sessions
The objective is to ensure that youths are equipped not only with cash but also skills and support to make their ventures sustainable and impactful. (Yeidep)
Conclusion
The YEIDEP 2025 Batch B grant presents a significant opportunity for young Nigerian entrepreneurs and aspiring business founders to secure financial support that can turn ideas into reality. By following the official application steps and safeguarding personal information against fraud, eligible youths can maximize their chances of benefiting from this government empowerment initiative. (MSME Africa)
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