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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

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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 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...
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🎓 EDOSHOE MANUFACTURING COMPANY CELEBRATES THE SUCCESSFUL COMPLETION OF THE IDEAS TVET SKILLS DEVELOPMENT PROGRAMME

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🎓 🎓 EDOSHOE MANUFACTURING COMPANY CELEBRATES THE SUCCESSFUL COMPLETION OF THE IDEAS TVET SKILLS DEVELOPMENT PROGRAMME  We are proud to announce the successful completion of the IDEAS TVET Skills Development Programme , sponsored by the World Bank under the Nigeria Youth Employment Skills Acquisition Fund (NYESAF) . Over the past several months, Edoshoe Manufacturing Company had the privilege of training young Nigerians in Leather Works and Fashion Design , equipping them with practical, industry-relevant skills, entrepreneurial knowledge, and the confidence to build sustainable careers and businesses. The programme focused on competency-based learning, hands-on practical training, occupational health and safety, business management, and digital marketing, ensuring that every participant was prepared for today's competitive labour market. Our Achievements Successfully trained and graduated 170 participants . Delivered practical, competency-based training in Leather Works and Fas...
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FG to Launch National Industrial Policy, February 17, 2026 at State House, Aso Rock

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  FG to Launch National Industrial Policy, February 17, 2026 at State House, Aso Rock Publication Date: Thursday, January 29, 2026 Abuja, Nigeria The Federal Government of Nigeria has announced the official launch of the National Industrial Policy (NIP) scheduled to hold on Tuesday, February 17, 2026 , at the State House, Aso Rock, Abuja , under the leadership of the President of the Federal Republic of Nigeria . The National Industrial Policy is a landmark framework designed to reposition Nigeria’s industrial sector, drive inclusive economic growth, strengthen local manufacturing, boost exports, and create millions of sustainable jobs . It represents a strategic shift toward building a resilient, competitive, and technology-driven industrial economy . Transforming Nigeria’s Industrial Landscape The policy provides a comprehensive roadmap to: Accelerate industrialization and manufacturing growth Strengthen local value chains and backward integration Promote innovation, technology...
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Hybridteck Business Directory Set to Register 10million Businesses in Nigeria for FREE Register Now!.

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Help me Register my Business on Hybridteck Directory   Introducing the Hybridteck Business Directory In today's digital age, visibility and accessibility are critical for business success. The Hybridteck Business Directory offers a powerful platform for business owners to register and showcase their enterprises for free. Here’s why every business owner should seize this opportunity. What is the Hybridteck Business Directory? The Hybridteck Business Directory is an online platform designed to connect businesses with potential customers, partners, and investors. It offers a comprehensive listing service where businesses from various sectors can register, create profiles, and highlight their services or products.  Key Features 1. Free Registration: Business owners can register and list their businesses without any cost. 2. Comprehensive Profiles: Detailed business profiles with descriptions, contact information, and multimedia content. 3. Search Optimization: Enhanced...
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KWARA NATIONAL LEATHER BUSINESS TO BUSINESS SUMMIT AND FAIR IlORIN.9th to 12th September 2024

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  link to Register for KWARA National Leather B2B SUMMIT 2024 UPDATE ON KWARA NATIONAL LEATHER B2B SUMMIT AND FAIR Following the Central Planning Committee (CPC) engagement with  Kwara State Government, Kwara State Chapter of NALPAN and other Stakeholders, find the following updates: 1.  New date for the Leather Summit and Fair is now Monday 9th to Thursday 12th September, 2024. Note that Monday 9th September, 2024 and Thursday 12th September, 2024 are Arrival and Departure respectively. Tuesday 10th September, 2024 is the opening ceremony and Plenary. The Plenary continues on Wednesday 11th September, 2024. 2.  HOTEL RESERVATION : Out of all our findings, the CPC settled for M&M Suites and Event Center Ilorin, not too far away from the Banquet Hall, Opposite Government House, Ilorin. The rooms that were originally Thirty Thousand Naira (N30,000.00) only for a room per day were slash down to Fifteen Thousand Naira (N15,000.00) only because of group booking. There...
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Dangote Refinery to Import Crude Oil from Libya

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Lagos, Nigeria   In a significant move for the energy sector, Dangote Refinery has announced plans to import crude oil from Libya, bolstering its capacity to meet regional and international demand for refined petroleum products. This development marks a strategic partnership aimed at diversifying supply sources and ensuring a steady flow of raw materials for the refinery, which is one of the largest in Africa. Aliko Dangote, Chairman and CEO of the Dangote Group, highlighted the importance of this agreement in a statement released today. "Our collaboration with Libya underscores our commitment to sourcing high-quality crude oil from reliable partners," Dangote said. "This partnership will not only strengthen our operational capacity but also enhance the economic ties between Nigeria and Libya." Libya, with its abundant oil reserves, has been seeking new markets for its crude amid a backdrop of fluctuating global oil prices and internal political challenges. The agre...
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