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More Funds, More Pains: Poverty still rising as FG, States, LGAs’ allocations double in 4 years
In less than four years, allocations to the three tiers of government in Nigeria have doubled. However,
the fortunes of the citizenry have arguably nose-dived in what is panning out as more funds, more pains.....TAP TO CONTINUE READING
Clearly, the three tiers of government, especially the states and local governments, have been receiving higher federal allocations since June 2023.
The surge in published monthly allocations from the Federation Account Allocation Committee, FAAC, reflects the impact of recent fiscal and monetary reforms, buoyant oil receipts propelled by the floating of the Naira and stoppage of oil subsidies, among others.
From N9.18 trillion shared among the three tiers of government in 2022, the figure rose to N10.9 trillion in 2023, jumped to N15.26 trillion in 2024, and hit N18.54 trillion between January and October 2025.
In essence, the three tiers of government have shared N44.03 trillion in 34 months, from January 2023 to October 2025.
Indeed, from N3.58 trillion in 2023, states’ allocations jumped to N5.81 trillion in 2024, and continued in 2025, with states receiving N7.54 trillion between January and October. During this period, the Federal Government received N6.414 trillion, while the Local Governments received N4.547 trillion.
A NEITI FAAC Quarterly Review showed that distribution to state governments in 2024 recorded a percentage increase of 62% from N3.58 trillion in 2023, followed by local government councils with a 47% increase, while the Federal Government’s share rose by 24% from N3.99 trillion in 2023 to N4.95 trillion in 2024.
The report highlighted that total FAAC allocations increased by 66.2% from N9.18 trillion in 2022 to N10.9 trillion in 2023 and N15.26 trillion in 2024.
Amplifying the huge receipts, Minister of Budget and Economic Planning, Senator Abubakar Bagudu, recently said allocation to 36 states and 774 local councils increased from N458.81 billion in May 2023 to N991.81 billion in June 2025, an increase of N533bn or 116.17 per cent.
He spoke at a session organised by the Sir Ahmadu Bello Memorial Foundation, SABMF, in Kaduna. Bagudu stressed that the figure excluded Electronic Money Transfer, EMT, levy, FX gains, and augmentations received by states.
More funds, more pains
The spiked revenues came with huge pains. President Bola Tinubu’s stoppage of fuel subsidies and floating of the naira as he was being sworn-in on May 29, 2023 had immediate socio-economic impact. The exchange rate of the naira to dollar at a stage hit N1,900 and fuel price rose from N197 per litre to between N1,000 and N1,200 in various parts of the country. Inflation rate rose steadily from 22.41 per cent and hit 34.80 percent in December 2024.
More than two years later, little or no improvements have been witnessed given the huge funds accruing to the states and local councils.
In 2023, no fewer than 93.8 million Nigerians(43 per cent) were living below the poverty line, and the figure has reportedly jumped to 139 million(61 per cent). The National Bureau of Statistics, NBS, in its November 2022 National Multidimensional Poverty Index, MPI, said 133 million Nigerians or 83 per cent of the population were multidimensionally poor. The National Population Commission, NPC, put Nigeria’s estimated population in 2023 at 216 million.
The NBS is yet to release its data for 2025 but as of October, the World Bank reported that 139 million or 61 per cent of Nigerians were living below the NBS national poverty line of N376.50 per person daily.
The Worldometer, as of 9.35 pm on December 11, 2025, put Nigeria’s population at 239.719 million. That means only 100.719 million Nigerians are currently living on more than N376.50 per person a day.
The annual headline inflation surged to 34.80 per cent in December 2024. In January 2025, the NBS
updated the base year for its Consumer Price Index from 2009 to 2024, which resulted in a recalibration of the inflation rate to 24.48 per cent. Thereafter, the rate has been declining, hitting 18.02 per cent in September 2025, and 16.05 in October 2025
Wet the grass, Tinubu tasks governors
Disturbed by the persistent cries of hardship and suffering from the citizenry, President Tinubu, recently urged state governors to justify the unprecedented fiscal inflow with visible development results.
The President, who spoke at the National Executive Committee, NEC, meeting of the All Progressives Congress, APC, charged the governors elected on the platform of the party to redouble their efforts in delivering development at the grassroots, saying many Nigerians were still dissatisfied with the pace of governance and the benefits of democracy.
His words: “We need to do more. Nigerians are still complaining at the grassroots. You, the governors, have to wet the ground and give more dividends of democracy at the grassroots.
“We must not rest. Our people need to feel the impact of the government more directly.”
FG earns N31.265 trn in 10 months, shares N18.54 trn
The revenue is N3.555 trillion shy of the initially projected 2025 budget revenue of N34.82 trillion.
After accounting for deductions for cost of revenue collection, transfers, interventions and refunds, the distributable revenue amounted to N18.54 trillion or 58.27 per cent of which the states received N7.54 trillion, the Federal Government got N6.414 trillion while the Local Governments received N4.547 trillion.
Broken down further, the Federal Government received 34.59 per cent, states 40.67 per cent, and LGAs 25.74 percent.
A princely N11.17 trillion or 35.73 per cent of the N31.265 trillion went to “transfers, interventions, refunds and savings,” while revenue collection gulped N1.167 trillion(3.73 per cent).
The tables below show how the N31.265 trillion was earned and spent in 10 months.
Gross Revenue in 2025
Month/Amount(Ntrillions)
January—2.641
February—2.732
March—2.411
April—2.848
May—2.942
June—4.232
July—3.836
August—3.635
September—3.054
October – 2.934
Total —N31.265 trillion
Revenue shared in 2025
Month/Amount(Ntrillions)
January—1.703
February—1.678
March—1.578
April—1.681
May—1.659
June—1.818
July—2.001
August—2.225
September –2.103
October – 2.094
Total —N18.54 trillion
Cost of revenue collection
January —N107.786bn
February—N89.092bn
March—N85.376bn
April—N101.05bn
May—N111.908bn
June—N162.786bn
July—N152.681bn
August—N124.838bn
September—N116.149bn
October – 115.278 bn
Total —N1.167 trillion
How allocations doubled in 4 years
2022 – N9.18 trillion
2023 – N10.90 trillion
2024 – N15.26 trillion
Jan-Oct 2025 – N18.54 trillion
Nominal growth in revenue misleading – Muda Yusuf
Speaking on the issue, Muda Yusuf, CEO of the Centre for Promotion of Private Enterprises, CPPE, reportedly said even though nominal growth in revenue was misleading, states could execute more programmes with better deployment of funds.
“States now have more revenue to execute their programmes such as improving infrastructure, paying salaries and pensioners,” he said.
He raised the question of how well the revenues are being deployed to drive meaningful development, averring that states ought to be publishing their accounts for transparency. Many states have been faithful to the publication of their budget implementation reports, though not all.
Yusuf noted that poor management of resources by the states has resulted in little or no impact on the lives of the people, and cautioned against overestimating the growth of the revenues by the states.
“The fact that revenue has grown in nominal terms doesn’t mean they can buy much. The nominal growth can be misleading. It creates an illusion that the states are getting richer, so we must factor this into our expectations,” he added.
Yusuf’s comment captures the view of many economists on the matter.
States more financially buoyant now – Oyebanji
Sharing his thoughts on the increasing allocation to states, Governor Biodun Oyebanji of Ekiti State thanked President Tinubu for freeing more resources to the states especially Ekiti to carry out people-oriented and legacy projects in the last three years of his administration.
Oyebanji, who stated this during the official commissioning of the ultra-modern Ekiti Revenue House, in Ado Ekiti, recently, disclosed that his administration had been commissioning a wide range of projects including roads, electricity, hospitals and water to commemorate his third anniversary in office.
Oyebanji disclosed that his government has not taken any loan to finance the various projects embarked upon by his government in the last three years, said that his administration is committed to sustaining the state’s development goals stressing that IRS plays pivotal role in propelling the state’s economic growth and contributing massively to the well-being of its citizens.
His words: “I can stand here to boast and beat my chest that every project we have done in Ekiti state up to now, we have not taken a loan to do any one of them. And that speaks to the fact that we have a president who is transparent, who allows the resources to be shared the way it should be shared.
“One thing is for you to have the money at the centre, another thing is for the centre to give it to you, but for once, in our history, Mr. President has given to us more than our fair share of the federation allocation.”
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The Kano State Government has announced that the Emir of Kano, Muhammadu Sanusi II, will lead this year’s Eid-el-Fitr Durbar, even as it unveiled strict guidelines to prevent a breakdown of law and order during the celebrations.....TAP TO CONTINUE READING
The government said the decision, approved by Governor Abba Kabir Yusuf, followed credible intelligence reports indicating attempts by some individuals to create unrest during the Sallah period.
In a statement issued on Wednesday by the Commissioner for Information and Internal Affairs, Ibrahim Abdullahi Waiya, the government said it remained committed to preserving Kano’s cultural heritage but would prioritise peace and security.
According to the statement, Hawan Idi (Eid Durbar) will be conducted by Emir Sanusi from the Kofar Mata Eid Ground through designated routes to Gidan Shettima, terminating at Kofar Fatalwa of the emir’s palace.
It added that Hawan Nasarawa would be held in a modified form without horseback displays, while Hawan Daushe, Hawan Fanisau and Hawan Dorayi have been suspended for the time being in the interest of public safety.
The government said all security agencies had been directed to intensify surveillance and ensure strict compliance with the directives before, during and after the festive period.
It urged residents to remain calm, law-abiding and cooperative with security agencies, while cautioning against the spread of unverified information.
The government further assured the public of its commitment to a peaceful and hitch-free Sallah celebration, wishing Muslims in the state a joyous Eid-el-Fitr.
The Durbar, a centuries-old cultural procession, has been thrown into uncertainty following conflicting statements from government officials on whether it will hold this year, given the unresolved legal battle between Sanusi II and Aminu Ado Bayero.
While Governor Yusuf reinstated Sanusi II in 2024, Bayero continues to contest his dethronement in court, leaving the emirship in dispute.
The government recently hinted that the stool controversy would soon be resolved.
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Yoruba nation agitator, Sunday Adeyemo, popularly known as Sunday Igboho, has dismissed comments by human rights activist and former presidential candidate, Omoyele Sowore, over what he described as transactional politics and activism.....TAP TO CONTINUE READING
PUNCH Online reports that Sowore’s comment followed a viral video in which the activist criticised what he described as “transactional politics” among some regional agitators and influencers, accusing them of aligning with political actors for personal or material benefit.
In the video, Sowore appeared to reference Igboho, suggesting that his recent political positions, including support for President Bola Tinubu’s potential re-election bid, reflected what he termed “amala politics” — a colloquial expression often used to imply opportunistic or interest-driven engagement rather than principled activism.
Igboho, in a statement issued by his media aide, Olayomi Koiki, in Ibadan, the Oyo State capital, on Tuesday, criticised Sowore for allegedly describing his activism as “amala politics” in a recent viral video circulating on social media.
He described the comment as an inconsequential rant that should be ignored by the public.
Igboho argued that his agitation for improved security in the South-West and his support for the second-term bid of President Bola Tinubu in 2027 were constitutional rights aimed at promoting the collective interests of the Yoruba people and the development of Nigeria.
He said, “We strongly reject the characterisation of Igboho’s activism as transactional. Such a myopic position misrepresents the intent and focus of our agitation on effective grassroots security in the South-West and Nigeria as a whole.
“How many protests did Sowore organise to push for my freedom? Sowore’s claim of fighting for the masses contradicts his alleged daily lodging expenses of N450,000 at a popular Lagos hotel.
“I cannot be compelled to endorse political figures such as Peter Obi or Atiku Abubakar, or even align with Sowore’s political platform. I have the right to make independent political decisions based on the security and collective interests of the Yoruba people.”
He added that Igboho’s advocacy prioritises addressing insecurity across Yorubaland, including killings of farmers, kidnappings along highways and attacks on traditional rulers and royal institutions.
Koiki, however, clarified that these concerns form the basis of Igboho’s movement rather than any ambition for political office or revolutionary leadership.
The statement added, “While Sowore has consistently promoted nationwide revolution as a pathway to leadership, Igboho’s approach is rooted in protecting lives, land and property within Yoruba territory. This agitation is a response to real and ongoing threats faced by communities in the region.
“Latest security incidents in northern Nigeria, including reported explosions in Maiduguri on March 16, 2026, also raise questions about the broader effectiveness of long-term revolutionary advocacy.
“We challenge Sowore to assess the situation in his home state of Ondo State, considering the growing cases of banditry, kidnapping and attacks on rural communities.”
The statement added that the impact of insecurity on vulnerable groups, including farmers, traditional rulers, women and children, had been severe, with several communities reportedly affected.
“These realities reinforce Igboho’s long-standing call since 2020 for localised security measures and stronger regional protection strategies.
“Labelling our agitation and efforts as ‘amala politics’ undermines the urgency of the security crisis and the legitimacy of grassroots agitation,” the statement concluded
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The continuous detention of the former governor of Kaduna State, Mallam Nasir El-Rufai, has sparked reactions from politicians and socio-political activists.....TAP TO CONTINUE READING
DAILY POST reports that the former governor has been in the custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, over an ongoing investigation into alleged financial impropriety when he was governor.
El-Rufai had earlier spent two nights in the custody of the Economic and Financial Crimes Commission, EFCC, before he was picked up by the Department of State Services and then later handed over to the ICPC.
His continuous detention has sparked outrage among citizens who are calling on the commission to immediately charge the former governor to court.
Popular socio-political activist, Aisha Yesufu, said in a post on X that “holding a citizen indefinitely without trial” is impossible.
According to her, “that is not justice. That is not accountability. That begins to look like persecution.
“Every Nigerian, no matter how powerful or unpopular, has the right to a fair hearing. That right is not a favour from the government. It is a constitutional guarantee. If El-Rufai committed crimes, then prosecute him. Nigerians will support that. But what we must never
Support is a system where the government can detain anyone endlessly, simply because it can.
“Today, it may be El-Rufai. Tomorrow, it could be anyone else who speaks or acts in a way that those in power do not like. A democracy must be better than that.
“So the message is simple: charge him in court or release him. Let justice be done openly, lawfully, and transparently. That is the only way a nation that claims to respect the rule of law should act”.
Similarly, an activist lawyer, Deji Adeyanju, in an interview he posted on X on Wednesday, demanded that the former governor be charged to court immediately, condemning El-Rufai’s incarceration.
“No matter the allegations, I think he should be charged in a court of competent jurisdiction so that he can face the music.
“All these things currently going on don’t look tidy to me”, he said.
On his part, Paul Ibe, a media aide to the former vice president, Atiku Abubakar, lambasted ICPC for not charging the former governor to court.
In a statement on his X handle, Ibe accused the Commission of taking sides with the President Bola Tinubu-led administration.
He wrote, “The matter of the former Governor of Kaduna State, Mallam Nasir el-Rufai @elrufai has proven beyond measure that the ‘I’ in ICPC (Independent Corrupt Practices and Other Related Offences Commission) @icpcnigeria represents Illegal or Irresponsible.
“There’s nothing Independent about the Commission. They’re no different from all the other institutions of state that are standing on Tinubu’s mandate. The ICPC is nauseatingly pliable and has disgracefully made itself available in coercing members of the opposition into the ruling party”!
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Art & Commercial students don’t fail JAMB because they’re dull. They fail because they’re taught like Science students. Science students calculate — JAMB rewards that. Art students explain — JAMB doesn’t. So you read hard, attend lessons, yet your score disappoints you. This online class fixes that. No theory overload. No confusion. Just real JAMB questions, clear breakdowns, and winning strategies. 📌 JAMB is not hard — you were just taught the wrong way.Click The Link To Reach Us Now 👉 https://wa.me/2349063958940
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