Onuigbo Calls for Accountability from Governors on FAAC Funds

Rt. Hon. Sir Sam Onuigbo, President of the Global Legislators Organisation for A Balanced Environment, called on voters to hold state governors accountable for the increased revenues from the Federation Account Allocation Committee (FAAC). He expressed disappointment that many governors have not reciprocated President Bola Ahmed Tinubu’s fiscal reforms, which have significantly increased state revenues following the subsidy removal.

For instance, Nasarawa State's share rose from an average of N3.8 billion to N4.5 billion to between N14 billion and N16 billion monthly. Onuigbo criticized the use of Joint Account Committees by governors, which he believes stifles local government councils from receiving their rightful allocations.

He pointed out that while the federal government receives 52.68 percent of FAAC revenues, state governors retain 47.32 percent without allowing local councils access to the 20.60 percent that is constitutionally due to them.