Kalu Aja criticizes Tinubu's subsidy savings allocation, calls for transparency

Financial advisor educator Kalu Aja criticized the decision of President Bola Tinubu's administration to direct subsidy savings into the Federation Account Allocation Committee (FAAC) without earmarking it for specific projects. Aja argued that this move lacked transparency and accountability, suggesting that the funds should have been allocated to identifiable projects to ensure proper utilization.

He emphasized the importance of citizens being able to hold state and local governments accountable for the use of such funds. Aja highlighted the risk of creating unnecessary bureaucracy by funneling the subsidy savings directly into FAAC.

The critique aimed to shed light on the need for transparent and accountable financial management practices in Nigeria's governance system.