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...
Tinubu Meets Otti on Plans to Release Nnamdi Kanu
Abuja, December 2025 — President Bola Ahmed Tinubu has met with Governor Alex Otti of Abia State in what the governor says was a “solemn, focused” session — centered exclusively on the possible release of Nnamdi Kanu, leader of the proscribed organisation Indigenous People of Biafra (IPOB). (DAILY TIMES Nigeria)
Otti: Release of Kanu Only Item on Agenda
Governor Otti, in a statement via his media aide, clarified that contrary to circulating rumours — that his trip to the presidential villa was politically motivated to facilitate his defection to the ruling party — the only topic discussed with the president was Kanu’s detention and possible release. The governor dismissed the speculations of defection as “laughable and irresponsible.” (DAILY TIMES Nigeria)
A senior official familiar with the meeting described the discussion as “positive and fruitful,” hinting at a renewed resolve by the federal government to re-examine Kanu’s case under a “political resolution” framework. (DAILY TIMES Nigeria)
Governor’s Continued Efforts to Secure Release
This latest meeting follows a prison visit by Otti to Kanu at the facility in Sokoto, conducted on 30 November 2025, marking a continuation of the governor’s long-standing campaign for the IPOB leader’s freedom. (Premium Times Nigeria)
After Kanu was sentenced to life imprisonment on terrorism charges by the Federal High Court earlier this year, Otti reaffirmed his commitment to securing the release, describing the sentence as “unjust,” and calling on federal authorities to consider a political solution to the crisis. (Channels Television)
Public Reaction, Calls for Peace and Dialogue
The prospect of Kanu’s release has reignited calls from civil society, regional leaders, and influential personalities for dialogue and reconciliation. In recent weeks, public appeals have intensified, with proponents arguing that freeing Kanu could help calm tensions and restore confidence in the South-East region. (Linda Ikeji's Blog)
Still, sceptics urge caution, warning that any release must come with strict assurances on security and accountability. Some stakeholders point to the importance of balancing justice with mercy, especially in light of past grievances and the fraught history of separatist agitation. (NDR Nigeria)
What’s Next: Awaiting Presidential Decision
While no official pronouncement has yet been made by the presidency, discussions appear to be advancing — with Otti’s clarifications aimed at dispelling doubts about his motives and reaffirming that Kanu’s release is the sole objective of the meeting. (DAILY TIMES Nigeria)
Observers say the next few weeks will be critical: if the federal government opts for a political resolution, it could mark a turning point in Nigeria’s delicate efforts to reconcile national unity, security, and the aspirations of the South-East.
If you like, I can put together three possible scenarios — and their implications — for what the outcome of this meeting could be (e.g. full release, conditional release, or continued detention). Do you want me to draft that now?
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