Governors Under Pressure to Justify N31.77 Trillion FAAC Funds

With the 2027 general election approaching, the performance of state governors is under scrutiny due to the N31.77 trillion received from the Federation Account Allocation Committee (FAAC) between June 2023 and October 2026. Civil society organizations are demanding that governors demonstrate measurable improvements in healthcare, education, infrastructure, employment, and poverty reduction, as rising public revenues have not translated into better living conditions for many Nigerians.

Despite a Supreme Court ruling on July 11, 2024, affirming financial autonomy for local governments, governors still exert significant control over local government funds. The revenue-sharing formula allocates 52.68 percent to the federal government, 26.72 percent to state governments, and 20.60 percent to local governments.

Since the removal of the petrol subsidy, FAAC allocations have increased significantly, with states and local governments receiving a combined N3.861 trillion from June to December 2023, N7.870 trillion in 2024, N10.419 trillion in 2025, and N9.618 trillion in the first nine months of 2026.