ActionAid Nigeria Calls for Accountability on N34tn Leakages

ActionAid Nigeria has condemned the significant revenue leakages totaling N34 trillion, urging accountability in the management of public finances. The organization referenced a recent World Bank finding indicating that 40 percent of Nigeria's federal revenue in recent years has been deducted before allocation to federal, state, and local governments.

This situation exacerbates fiscal constraints and increases reliance on borrowing, as stated by Andrew Mamedu, the Country Director of ActionAid Nigeria. The organization expressed concern over the structural weaknesses in Nigeria's public finance management system, noting that a substantial portion of revenue—estimated at 41 percent—is not properly accounted for, which limits public investment and widens the gap in revenue distribution.

ActionAid Nigeria called for urgent reforms to enhance transparency and accountability in revenue allocation, stressing that the ongoing leakages threaten equitable development and public trust. The organization warned that without reform, Nigeria risks further erosion of public resources essential for delivering services to citizens.