Diaspora Business Desk — Daily Draft Pack

**Beat:** Nigeria diaspora · business · economy · UK relations · policy/government **Window:** Last 24h (Google News RSS scans of four beats) **Human sign-off flags:** None. No item names a person in a negative/accusatory way.

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## DRAFT 1 — Nigeria's business activity returns to expansion as agriculture lifts economy

ABUJA/LAGOS — Nigeria's business activity returned to expansion in June 2026 after contracting the previous month, according to the Central Bank of Nigeria (CBN) Purchasing Managers' Index (PMI) survey reported by BusinessDay. The composite PMI rose to 50.1 points in June from 49.6 points in May — a reading just above the 50-point threshold that separates growth from contraction.

According to the CBN, the recovery was driven almost entirely by agriculture, which posted a PMI of 52.1 points, its 23rd consecutive month of expansion, with all five agricultural subsectors growing. In contrast, industry held at 49.5 points and services at 49.4 points, both still in contraction, the CBN survey showed.

Employment and output returned to expansion, with the Employment Index at 51.0 and the Output Index at 50.5, according to the report, while demand stayed weak as the New Orders Index remained in contraction at 49.0. The CBN also noted easing price pressures, with the composite input price index down 2.5 points and the output price index down 0.8 point in June.

The survey, conducted by the CBN between June 8 and 12, 2026, points to a modest, uneven recovery led by farming while the two largest non-agricultural sectors lag.

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## DRAFT 2 — FG taps diaspora to rebrand Nigeria, attract investment

ABUJA — Nigeria has begun a fresh push to harness its tourism potential and the resources of its global diaspora to reshape the country's international image, attract investment and create jobs, according to THISDAY.

The initiative follows a strategic partnership between the Nigerians in Diaspora Commission (NiDCOM) and the Nigerian Tourism Development Authority (NTDA), unveiled in Abuja on Wednesday at a meeting between NiDCOM Chairman/CEO Hon. Abike Dabiri-Erewa and NTDA Director-General Dr. Olayiwola Awakan, THISDAY reported.

According to Dabiri-Erewa, the diaspora represents not only a source of remittances but also "a vast reservoir of investment capital, professional expertise, global networks and cultural influence" that could transform Nigeria's tourism sector. She said Nigeria must "take ownership of our national narrative" rather than let its story be defined by outsiders or negative portrayals.

Awakan said the NTDA was committed to repositioning Nigeria's tourism assets to compete globally, according to the report. Dabiri-Erewa pointed to the historic Badagry Door of Return Festival — which reconnects the African diaspora with ancestral homelands and the history of the transatlantic slave trade — as tourism that can generate revenue while promoting cultural reconnection, THISDAY reported.

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## DRAFT 3 — FAAC distributes N2.55 trillion as June gross revenue rises 32.6%

ABUJA — The Federation Account Allocation Committee (FAAC) distributed N2.550 trillion to the federal, state and local governments as revenue allocation for June 2026, after gross federation revenue surged 32.6% month-on-month to N4.500 trillion, according to MarketForces Africa and Nairametrics.

The allocation was announced in a statement on Wednesday by Mr. Bawa Mokwa, Director of Press and Public Relations in the Office of the Accountant-General of the Federation (OAGF), following the July 2026 FAAC meeting in Abuja, the reports said.

According to the communiqué, the distributable pool comprised N1.809 trillion from statutory revenue and N740.724 billion from Value Added Tax. A breakdown showed the Federal Government received N923.438 billion, the 36 state governments got N838.208 billion, the 774 local government councils received N591.390 billion, and oil-producing states got N197.610 billion as the constitutionally mandated 13% derivation revenue.

Gross statutory revenue rose to N3.700 trillion in June from N2.651 trillion in May, while gross VAT increased to N799.746 billion, the statement said. N160.744 billion was deducted as collection cost and N1.789 trillion as transfers and refunds before distribution.

The stronger allocation reflects improved federally collected revenue from statutory and VAT receipts, the reports noted.

_Source Reporters corrects factual errors as soon as they are confirmed._