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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...

Agriculture Ministry Unveils Strategic Plan to Boost Sector Growth in Nigeria


Report: Agriculture Ministry Unveils Strategic Plan to Boost Sector Growth in Nigeria

1. Introduction

In a bold and forward-looking move, the Federal Ministry of Agriculture and Food Security (FMAFS) has intensified efforts to revitalize Nigeria’s agricultural sector, unveiling a range of strategic initiatives and reforms aimed at enhancing productivity, accelerating food production, driving economic growth, bolstering food security, and creating jobs nationwide.

These interventions align with the Federal Government’s broader drive under the Renewed Hope Agenda to reposition agriculture as a cornerstone of the national economy. (Businessday NG)


2. Strategic Focus and Policy Direction

At the heart of the Ministry’s strategy is a sector-wide performance improvement framework that prioritizes:

  • Mechanisation and technology adoption in farming practices

  • Value chain development to boost processing, storage, and market access

  • Agribusiness financing to improve access to credit for farmers and agripreneurs

  • Market expansion and digital agriculture platforms

  • Climate-smart agricultural practices to enhance resilience against environmental challenges

These strategic priorities are expected to catalyse greater participation by youths and women and support Nigeria’s transition into a more competitive and sustainable agrifood economy. (Businessday NG)


3. Major Strategic Interventions Unveiled

a. 15-Year National Livestock Master Plan

The Federal Government launched a 15-year National Livestock Master Plan, designed to transform Nigeria’s livestock sector into a key driver of food security, rural prosperity, and employment. This blueprint targets significant improvements in animal health, productivity, market linkages, and downstream processing to create robust livestock value chains. (Businessday NG)


b. Agrifood Investment Plan for Climate-Smart Farming

Minister Abubakar Kyari announced a new agrifood investment strategy focused on climate-smart agricultural practices. This initiative aims to enhance food production, promote sustainable farming systems, and support livelihoods for farmers across Nigeria. (The Guardian Nigeria)


c. Digital Transformation and Institutional Efficiency

To strengthen service delivery and improve administrative efficiency, the Federal Government launched an Electronic Document Management System (EDMS) for the Ministry. This digital infrastructure upgrade is expected to streamline operations, preserve institutional memory, improve transparency, and quicken response times in policy implementation. (The Whistler Newspaper)


d. Incentives and Investment Promotion

Under the Renewed Hope Agenda, the government unveiled new incentives to boost agricultural investments, including expanded irrigation systems and easier access to farm credit. These measures are intended to attract private sector participation, foster agro-industrial growth, and create millions of rural jobs. (Arise News)


e. Policy Monitoring and Investment Planning

In collaboration with the Food and Agriculture Organization (FAO), the Ministry launched the Nigeria Food and Agriculture Policy Monitoring Review, a critical tool to guide evidence-based policy making and support the development of the forthcoming National Agricultural Investment Plan. (FAOHome)


4. Supporting Complementary Initiatives

Beyond the Ministry’s core strategic plan, other key sectoral initiatives are reinforcing agricultural growth:

  • Seed Sector Strategy (2025–2030): A roadmap to expand high-quality seed availability and improve farm productivity across key crops. (Ecofin Agency)

  • Special Agro-Industrial Processing Zones (SAPZ): Programmes geared toward industrialising agriculture and strengthening value chains within agro-processing hubs. (finance.gov.ng)

  • Digital Agriculture Platforms: Tools like the National Agricultural Intelligence Platform (NAIP) are being deployed to enhance productivity, input access, market linkages, and informed decision-making for farmers. (agrifocusafrica.com)


5. Challenges and Strategic Opportunities

While Nigeria’s agricultural sector holds enormous potential, it faces persistent hurdles—such as limited financing for smallholders, low adoption of technology, infrastructure gaps, and climate change impacts. Nevertheless, the strategic plan emphasizes collaborative partnerships with international organisations, private investors, and development partners to unlock solutions and financial support.

This approach is expected to accelerate modernization, scale up mechanisation, and promote sustainable agricultural practices nationwide. (Businessday NG)


6. Expected Outcomes

The comprehensive strategic framework and investment plans are designed to:

  • Increase agricultural productivity and food production

  • Strengthen value chain integration and market access

  • Attract large-scale investments into agribusiness and agro-processing

  • Enhance climate-resilience and sustainable farming

  • Create millions of jobs, especially in rural areas

  • Improve national food security and reduce reliance on imports


7. Conclusion

The Ministry of Agriculture’s strategic plan to boost sector growth represents a major milestone in Nigeria’s agricultural transformation agenda. By combining policy coherence, technological innovation, fiscal incentives, and stakeholder engagement, the government aims to unlock the full potential of the agricultural sector—and pave the way toward a resilient, competitive, and inclusive agrifood economy.


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