HomeBreaking News#Use Your Federal Allocations Judiciously, Group tells Govs

#Use Your Federal Allocations Judiciously, Group tells Govs

Amidst the buck-passing between the 36 state governors and the federal government over the poor state of the economy, the Independent Media and Policy Initiative (IMPI) has said that the subnationals are shirking their constitutional responsibility by expecting the federal government to solely carry the burden of easing the current economic situation.

In a statement signed Thursday in Abuja by its Chairman, Niyi Akinsiju, the policy group noted that, having benefited from higher revenue inflows from the federation account as a result of the removal of fuel subsidies, the state governments have to do more for the people in their respective domains.

“To put this in perspective, the National Bureau of Statistics (NBS) reports that in 2023, state governors got the most cash in FAAC allocations in at least seven years. This was after the petrol subsidy was removed and the currency reform resulted in a 40 percent increase in the country’s revenue.

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