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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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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
The Oyo State Police Command has announced an operational success recorded following an intelligence-led operation.....TAP TO CONTINUE READING
Acting on credible intelligence, operatives of the Command intercepted a truck conveying materials suspected to be explosive devices during a stop-and-search operation in Saki, Oyo State. The truck and the suspected materials were promptly secured and are currently in police custody.
Upon receiving a briefing on the development, the Commissioner of Police, Oyo State Command, CP Femi Haruna, immediately ordered a comprehensive investigation into the matter.
Consequently, specialised personnel of the Explosive Ordnance Disposal (EOD) Unit and the Chemical, Biological, Radiological and Nuclear (CBRN) Unit were deployed to safely secure the items for safekeeping and forensic examination. Detailed forensic analysis has since commenced, alongside a thorough and robust investigation to determine the exact nature of the items and their intended use.
The truck driver has been taken into custody and is cooperating fully with investigators as efforts continue to unravel all the circumstances surrounding the incident.
The Commissioner of Police commended the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, for his unwavering support, strategic leadership, and continued provision of operational guidance that enhance proactive, intelligence-driven policing across the country.
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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
One person has died and another sustained injuries following an assault by suspected armed bandits in Apa Local Government Area of Benue State.....TAP TO CONTINUE READING
According to sources, the attack took place on January 24 around 4:00 p.m. along the Amoke–Odugbo road in Ukpogo Village, Edikwu Ward.
The victims, identified as Mr Joseph Okoh and Miss Aneh Sunday, both from Ogodumo, Adoka in Otukpo LGA, were reportedly riding a motorcycle when the assailants struck.
“They were rushed to the Comprehensive Health Centre, Ugbokpo, where Mr Okoh was confirmed dead while receiving treatment. Miss Sunday is currently admitted and responding to treatment,” the source stated.
Nigerian troops were quickly deployed to the area, and a search operation in the surrounding bushes is ongoing to apprehend the attackers.
“The Criminal Investigation Department has commenced an investigation into the incident,” the source added.
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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
The Joint Admissions and Matriculation Board has scrapped special concessions and registration procedures previously granted to candidates with albinism for the 2026 Unified Tertiary Matriculation Examination, citing abuse of the privilege to perpetrate examination malpractice.....TAP TO CONTINUE READING
The Board also warned faith-based tertiary institutions to clearly declare their religious status at the point of admission, saying it is deceptive to present as secular and later impose religious rules on students.
As reported by Vanguard, these decisions were taken on Saturday at a meeting between JAMB management, led by its Registrar, Prof. Isaq Oloyede, and Commissioners for Education from the 36 states of the federation and the Federal Capital Territory, held in Ikeja, Lagos.
Oloyede said the meeting was convened to review and assess previous admission exercises.
He noted that despite safeguards introduced by the Board, some individuals remained determined to circumvent the system.
“We have stopped some concessions we gave albino candidates. This is because some are using artificial intelligence to manipulate the registration process to look like they are albinos because of the consideration we gave them.
“Last year alone, over 7,000 claimed to be albinos. We have stopped special registration procedures for albinos,” he said.
Addressing complaints from candidates admitted into some private institutions over compulsory religious instruction, Oloyede urged faith-based schools to be transparent.
“Faith-based institutions should declare from the onset what they are, so that whoever applies there will know what he is going to meet there. But some don’t do that. They will pretend to be secular, but once students are admitted, trouble will begin over religious instruction and injunctions.
“If you are a faith-based institution, say so. The law allows you to set up faith-based schools,” he said.
On last year’s UTME, where the highest-scoring candidate was later found to be a 300-level university student, the JAMB registrar said investigations showed that some undergraduates sit for the examination to change courses or assist others to secure admission.
“Students who are already in school but want to change courses and are applying again must declare and disclose their status.
“We have found that some candidates already in school are writing the examination for other candidates. Last year, the candidate who scored the highest was found to be a 300-level student in the university.
“Henceforth, any candidate found engaging in such an act, and who fails to disclose that he is already in school but wants to change course, will be disqualified and will also lose his current admission,” he said.
On admission criteria, Oloyede explained that federal government-owned institutions allocate 45 per cent on merit, 20 per cent on catchment area, 20 per cent to educationally disadvantaged states, while the remaining slots are allocated to other considerations.
“Each owner or state has the right to decide what its admission criteria will be. But for states, we encourage them to allocate at least 10 per cent to merit, regardless of where the candidates come from.
“This is to diversify the student population and admit eggheads from different communities,” he said.
He criticised some states for establishing new universities despite not fully utilising their admission quotas in existing federal institutions.
On underage candidates, Oloyede said 16 years remained the minimum admission age, noting that an attestation process was in place for exceptional cases.
“Last year, about 42,000 claimed to be underage. After evaluation, only 78 met the criteria and were admitted. We are not saying there are no talented candidates, but the figure looks outlandish,” he said.
The issue of how to engage underage candidates during a gap year divided opinions at the meeting, but a majority voted for JAMB to continue its special assessment process.
The meeting also observed that parental pressure on children to complete their education too quickly was a major contributor to the problem.
On efforts to curb examination malpractice, Oloyede said JAMB had stopped the movement of computers between Computer-Based Test centres.
“A computer registered in a particular centre will remain there and is not transferable to another centre. Some people borrow computers to get accredited and later move them around,” he said.
He dismissed claims that candidates were posted to towns they did not choose, saying personal data used for registration were drawn directly from the National Identification Number submitted by candidates.
Providing an update on the 2025 UTME, Oloyede said 974,855 candidates had so far been admitted out of about 1.95 million who sat for the examination.
He added that over N2.4 billion had been disbursed to institutions that consistently complied with JAMB’s rules over the past 10 years, and that the meeting agreed that schools producing the best candidates should be compensated.
On accreditation of CBT centres, Oloyede said the process involved teams comprising university vice-chancellors, rectors and provosts in each state.
He warned state governments against agreements with private promoters who might use centres to facilitate malpractice.
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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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