Despite having more money at their disposal after the removal of fuel subsidy, there are mixed feelings over alleged failure of some states to deploy the increased revenue into tackling hardship in their states through life-changing projects, Daily Trust on Sunday reports.
Amidst the cost-of-living crisis, the Federation Account Allocation Committee (FAAC) is making more money available to states from the proceeds of the removal of subsidy.
Analysis of the allocation before and after subsidy for three months showed that incomes accruing to states have increased significantly, almost doubling what was accruable to them in the three months before the subsidy removal.
While some states have carried out tangible palliatives and interventions; in many others, it has been lamentation upon lamentation as residents said they were yet to feel the impacts of the increased allocations to the states.
The facts about state allocations
Daily Trust on Sunday investigations showed that from February, March and April 2023, the 36 states got N776 billion as FAAC allocation.
Fast forward to October, November and December, 2023 after the subsidy had been removed, they got N1 trillion, an increase of over N200 billion.
Delta State got the highest allocation from February, March and April 2023 amounting to N104 billion; followed by Akwa Ibom, N74 billion and Rivers, N71 billion.
Bayelsa got N53 billion during the months under review pre-subsidy; Lagos, N34 billion; Kano, N23 billion; Edo and Ondo, N21 billion each; Jigawa had a three-month allocation of N19 billion; Oyo, N18 billion; Anambra, N17 billion; Borno and Benue N17 billion each.
Read more: https://dailytrust.com/citizens-demand-life-changing-projects-as-states-get-more-funds/
