Experts urge accountability as FAAC allocations hit N2trn in July

In July, the Federation Account Allocation Committee (FAAC) disbursed a total of N2 trillion to the three tiers of government in Nigeria, marking the highest monthly allocation of the year. Despite this increased revenue, many states continue to borrow from local and international sources, with fewer than 10 states increasing their debt by N417 billion in the last year.

The Debt Management Office's quarterly report shows that states like Rivers, Enugu, and Niger have seen significant increases in their domestic debt stock. While some states, like Edo, have managed to reduce their debt, others, like Taraba and Bauchi, have doubled their debt, raising questions about the accountability and development impact of these borrowing practices.

The FAAC data also revealed that the revenue shared among states in 2025 has been the highest allocation of the year, with the federal government receiving N1.4 trillion, state governments N720 billion, and local government councils N540 billion. Policy analyst Jibrin Ibrahim emphasized the.