Nigerian Governors Under Fire for FAAC Fund Mismanagement

Nigerian state governors are under pressure to explain the allocation of funds received from the Federation Account Allocation Committee (FAAC), which disbursed N799.872 billion in September 2026. Despite the increase in revenue, citizens are questioning the effectiveness of these funds as pensioners remain unpaid, schools lack resources, and local infrastructure deteriorates.

The total FAAC disbursement for September was N2.428 trillion, with states receiving a combined allocation of approximately N1.036 trillion. In 2025, states' receipts, including derivation, reached N8.934 trillion, a significant increase from N6.533 trillion in 2024.

The political challenge for governors lies in reconciling the increased public receipts with the rising costs of living faced by households, which have seen higher prices for transport and food. Onyeka Christopher, Assistant Secretary-General of the Nigeria Labour Congress (NLC), criticized the deployment of funds by states, indicating that few are effectively utilizing their allocations to improve public services.