The 36 state governors have received N4.47 trillion as federal allocations in the last one year but failed to stop hunger and abject poverty in their states, a new report has shown.
From June to December 2023, the states collected N2.31 trillion, and N2.16 trillion from January to June 2024.
Despite all these huge allocations, the citizens of the states still wallow in abject poverty and hunger.
The Federal Account Allocation Committee (FAAC) doubled last year when President Bola Tinubu removed subsidies on petroleum products, triggering spike on transport fares and foodstuffs.
The Federal Government receives 52.68 percent of the total sum while the States and Local Government Areas (LGAs) receive 26.72 per cent and 20.6 per cent respectively.
The monthly allocation, particularly to states and local governments, is meant to fast track execution of viable economic and social infrastructure development projects at the grassroots.
The 2023 States’ Annual Report of FAAC, obtained by NAN reveals that, from January 2023 to May 2023, pre-subsidy removal, the 36 states received a total net allocation of N1.19 trillion.
The reports, obtained from Nigeria Governors’ Forum Repository, shows that from June to December of the same year, when President Tinubu removed fuel subsidy, the FAAC disbursement to the 36 states doubled.
Specifically, the net allocation received within the period of June 2023 to December 2023, by the 36 states rose from N1.19 trillion to N2.31 trillion, an increase of about N1.12 trillion.
Similarly, between January 2024 and June 2024 FAAC disbursed a total sum of N2.16 trillion to the 36 states.
It is worthy of note that the funds captured above, excluded the 20.6 per cent federal allocation to the 774 LGAs, which was also paid to the states via joint account of the two tiers.
Despite all these huge allocation to the state, many Nigerians are still finishing it difficult to eat and buy daily necessities.
