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FAAC Allocate N2.07 Trillion To Nigerian States

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12 months ago

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In February 2024, the Federation Account Allocation Committee (FAAC) distributed a staggering N2.07 trillion to Nigeria’s three tiers of government, derived from the previous month’s revenue influx.

FAAC’s allocation of N2.07 trillion is to reshape Nigeria’s economic landscape, empowering states to embark on crucial developmental projects for citizen welfare and prosperity.

In a bid to enhance productivity and eradicate vulnerabilities, Nigeria must pivot away from its current paradigm of unproductive federating units.

The nation’s trajectory towards sustainable development hinges on revitalizing states, fostering resilience, and reducing dependency.

Every citizen, irrespective of level, must remain vigilant against the misappropriation of resources earmarked for state growth and advancement.

Strengthening oversight mechanisms is imperative to curb wastage and promote effective resource allocation.

Mismanagement of resources at all levels has precipitated a decline in economic growth, exacerbating multi-dimensional poverty affecting approximately 133 million Nigerians, constituting 65% of the nation’s populace. Urgent reforms are indispensable to reverse this trend and uplift livelihoods.

Examining the allocation breakdown across states underscores the imperative for judicious resource allocation and management.

Each state’s share, reflective of its unique needs, demands astute governance and strategic investment for sustainable development.

Governors wield a pivotal role in fostering citizen welfare through prudent resource allocation towards critical infrastructure and developmental initiatives.

Prioritising citizens’ needs ensures optimal utilisation of resources for tangible socio-economic progress.

Transparency and accountability are paramount in managing public resources effectively. By fostering greater visibility and oversight, governments can mitigate wasteful expenditure, bolster efficiency, and curb corruption, ultimately fostering trust and confidence in governance.

Maximising resource utilisation guarantees a favourable return on investment for state governments, propelling economic prosperity and enhancing citizens’ quality of life. Strategic project management and prudent fiscal policies are indispensable for sustainable growth.

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Governors’ propensity for extravagant spending has significantly contributed to the escalation of poverty levels in Nigeria.

Addressing systemic inefficiencies and promoting responsible governance are imperative to alleviate poverty and foster inclusive development.

Ameh Peter, Former National Chairman of IPAC and National Secretary of CUPP

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Residents of Kaura Namoda Commend Defence Minister for Crackdown on Bandits

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March 17, 2025

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Residents of Kaura Namoda Local Government Area in Zamfara State have expressed their appreciation to the Minister of State for Defence, Dr Bello Matawalle, for his role in the elimination of over 50 bandits who had been terrorising the region.

In a statement signed by spokesperson Suleiman Yusuf, the community praised Matawalle for his leadership in restoring security, describing his commitment as a major relief for communities that had long suffered from violent attacks.

“We, the residents of Kaura Namoda, express our deep gratitude for the improved security situation.

“We can now live without fear, resuming our daily lives with a renewed sense of safety,” Yusuf stated.

The security operation, conducted under Operation Fansar Yamma, targeted a gathering of armed bandits in Kaura Namoda. A precision airstrike successfully eliminated 50 bandits, while several others sustained injuries, marking a significant blow against criminal elements operating in the region.

In a separate mission in Tsafe Local Government Area, security forces tracked and neutralised a notorious bandit, Shehu Dan Kwale, further strengthening efforts to curb insecurity in Zamfara State.

The military’s actions under the directives of Matawalle have been widely welcomed by residents of Kaura Namoda, Tsafe, and Gusau Local Government Areas, who have endured years of attacks by armed groups. Many now express optimism that sustained efforts will restore lasting peace to their communities.

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6 die as truck rams Into vehicles, pedestrians in Onitsha

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March 17, 2025

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Police Command in Anambra has confirmed that six people died in a multiple-vehicle accident on Saturday at Upper Iweka axis of Onitsha, the commercial hub of the state.

The command’s Public Relations Officer(CPRO), SP Tochukwu Ikenga, said in a statement on Sunday that the police had taken over the accident scene to maintain order and facilitate investigations.

“According to eyewitness accounts, the accident occurred due to the loss of control of a truck, which rammed into pedestrians, two tricycles, and a commercial bus loaded with passengers,” he said

Ikenga noted that the crash claimed six lives, while several others sustained injuries and were currently receiving treatment at the hospital.

He added that the bodies of the deceased had been deposited in the morgue.

He added that some relatives of the victims had been contacted and informed about the incident.

Ikenga said that the command extended its condolences to the families and friends of the deceased and wished the injured a swift recovery.

He urged drivers to conduct necessary safety checks before plying the roads to prevent such tragic incidents.

The CPRO assured the public that further updates would be provided as investigations progressed

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Adeleke’s $20m fraud allegation against Oyetola mere shadow chasing – Ogundokun

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March 17, 2025

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A frontline politician, Chief Abiola Ogundokun, has described Gov. Ademola Adeleke of Osun’s $20 million fraud allegation against his immediate predecessor, Adegboyega Oyetola, as mere shadow chasing.

Ogundokun stated this in a statement issued on Sunday in Abuja, while reacting to a petition by Adeleke to Economic and Financial Crimes Commission (EFCC) against Oyetola.

Adeleke had, in the petition, alleged that Oyetola, the Minister of Marine and Blue Economy, misappropriated a $20 million World Bank health grant while he was governor of the state.

Ogundokun said in the state that there was nothing serious in the petition other than a drama aimed at generating negative energy toward the 2026 governorship election in the state.

He described Oyetola as a man of sterling performance in the private sector as well as due diligence and strict adherence to rules in the public service as governor.

The All Progressives Congress (APC) chieftain also described the former governor as the pride of Osun and Nigeria who should not be pulled down or given uncharitable names but encouraged to do more for the state.

According to him, there is the need to stop a destructive campaign of “I will destroy you if I can’t get it.

“Oyetola is honest to a fault,” he remarked, calling on the people of the state to join him in moving Osun forward.

Ogundokun advised Adeleke to prioritise good governance rather than engaging in frivolous activities.

“What Osun requires and deserves is focused leadership and serious engagements.

“I will advise Ademola Adeleke to stop playing politics with the exalted office of the governor by turning it to a petition writing apparatus.

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“He should use the enormous power of the office to improve the lots of the people instead of deploying the state resources to bully and witch-hunt a perceived enemy or enemies.

“Writing a petition against a man like Oyetola, to me, is like chasing a shadow.

“The task before Adeleke is huge, and meeting the expectations of the people should be his priority and not fighting an imaginary political foe,” he said.

The elder statesman urged the governor not to deviate from the vision of the state’s forefathers.

Rather, he said that Adeleke should learn to build on the good foundation of his predecessor instead of finding ways to shoot down his good legacies. (NAN)

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