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