The handling of federal allocations by state governments has come under scrutiny from the Nigeria Labour Congress, opposition parties and economists as the 36 state governments got a combined allocation of ₦5.22 trillion in 2024, The PUNCH reports.
Economists and relevant experts expressed contrasting views on the justification for the allocated funds.
This scrutiny comes as President Bola Tinubu on Wednesday emphasised the critical role of state governors in driving Nigeria’s development and prosperity, claiming that this accounts for why 65 per cent of federation accounts go to states.
Speaking during a New Year homage by the Nigeria Governors Forum at his Ikoyi residence, the president described their leadership at the subnational level as “central to achieving food security, economic prosperity and rapid national growth.”
This is just as the president expressed gratitude to the governors for their support and collaboration while highlighting key areas requiring joint effort for the nation’s progress.
Findings by The PUNCH showed that statutory allocations from the Federal Account Allocation Committee to the three tiers of government increased by ₦4.99 trillion to ₦15.12 trillion within the 12 months of 2024.
