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...
2027: ADC state chairmen oppose presidential ticket zoning State chairmen of the African Democratic Congress have urged the party’s National Working Committee to jettison zoning of the 2027 presidential ticket and instead conduct an open, transparent and credible primary election capable of producing a widely acceptable candidate. The chairmen, speaking exclusively with The PUNCH, warned that zoning would weaken the party’s chances in the 2027 general election and undermine its emerging role as a coalition platform for opposition forces seeking to challenge President Bola Tinubu. The Chairman of the ADC Chairmen Forum and Kogi State Chairman, Kingsley Ogga; the Forum’s Secretary and Edo State Chairman, Kennedy Odion; and the Adamawa State Chairman, Arabi Mustapha, all insisted that competence, credibility and electability—not geopolitical considerations—should guide the party’s choice of presidential candidate. Their position comes amid growing internal debate within the AD...