play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left
volume_up
  • cover play_arrow

    Kapital FM 92.9 The Station that Rocks!

National

Monitor Utilization Of Increased FAAC Allocations To States – HOR

todayFebruary 13, 2024

Background

The House of Representatives has mandated its Committees on Special Duties, National Planning, and Economic Development to look into spending and utilisation of increased allocations from the Federal Account Allocation Committee, FAAC, by state governments.

The committee on Inter-Governmental Affairs was also mandated to join the investigation and report back to the house within four weeks for further legislative action.

The resolutions followed the adoption of a motion of urgent public importance by a member from Lagos State
Ademorin Kuye at plenary in Abuja

In his motion, Kuye argued that states and local government areas now received more money from FAAC in the last seven months after the subsidy removal.

He said that states and local government areas received N6.57 trillion in 2023, which he said, was double the N3.16 trillion they received in 2022.

According to him, despite the availability of more cash to the states, more than 14.2 million citizens continued to grapple with poverty.

He added that in spite of the increase, some states were still faced with the challenges of payment of salaries, effective management of public institutions, the provision of public transportation, and access to potable water.

Kuye, added that the unemployment rate had increased to more than 51 per cent in some of the states.

“It is worrisome that some state governors have brazenly refused to complement the Federal Government’s poverty amelioration efforts and are not driving the necessary economic transformation.

“If the states are doing the needful, that would have reduced the sufferings of Nigerians,” Kuye said.

Oduyemi Odumade, Edited By Grace Namiji

Written by: Safiya Wada

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *