States, LGAs Expected To Get More FAAC Allocations As TMSG Urges Nigerians To Demand Accountability From Governors

The Tinubu Media Support Group (TMSG) is urging Nigerians to demand greater accountability and fiscal responsibility from their state governors, as states and Local Government Areas (LGAs) are set to receive significantly larger allocations from the Federation Account Allocation Committee (FAAC) in 2025.

This call comes after the TMSG announced a significant N1.703 trillion disbursement for January, which it attributes to President Bola Tinubu’s economic policies being successfully implemented.

In a statement signed by Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, the TMSG highlighted the increase in FAAC allocations, emphasising that the January disbursement outperformed both previous months’ allocations and the January 2024 allocation by a significant margin.

“The latest allocation of N1.703 trillion from the federation account to the three tiers of government follows a total gross revenue of N2.641 trillion in January,” the statement said.

“This disbursement exceeds that of previous months. It also outperformed the January 2024 allocation of N1.149 trillion by more than N554 billion.

The TMSG also noted that the allocation was nearly a trillion naira higher than what was shared in January 2023, tying the increase directly to the Tinubu administration’s economic policies.

The group cited consistent monthly revenue growth since May 2023, as well as regular increases in VAT, PPT, CIT, Excise Duty, Import Duty, and CET levies, as evidence of the policies’ positive impact.

Looking ahead, the TMSG expressed confidence that ongoing efforts to amend tax laws, with a focus on expanding the tax base, will result in increased federal allocations to all levels of government.

However, the group emphasised that increased allocations require greater scrutiny and accountability at the subnational level.

“We believe it is reasonable for citizens to question their leaders about how the nation’s resources are managed at the federal level.

“However, with more funds going to subnationals than ever before, the onus is on Nigerians to pay closer attention to how states and local governments spend their legitimate funds,” the statement continued.

The TMSG called on Nigerians to demand good governance, probity, transparency, and accountability in the use of public funds, especially now that local governments have financial autonomy.

They also expressed hope that subnational governments will use public funds strategically to increase their revenue-generating capacity and reduce their reliance on federal funding.

“Now that local governments have financial autonomy, we believe it is time to demand good governance, integrity, transparency, and accountability in the use of public funds.

“We also anticipate a situation in which many subnational governments will use public funds to increase their revenue-generating capacity, reducing their reliance on federal allocations,” it concluded.